FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       The Securities Exchange Act of 1934


For the month of October, 2005                  Commission File Number:  1-15142


                          NORTH AMERICAN PALLADIUM LTD.

                              (Name of Registrant)

                            130 Adelaide Street West
                                   Suite 2116
                                Toronto, Ontario
                                 Canada M5H 3P5

                    (Address of Principal Executive Offices)

Indicate by checkmark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:

         Form 20-F [ ]                                 Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): __

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): __

Indicate by checkmark whether the registrant, by furnishing the information
contained in this Form is also thereby furnishing the information to the SEC
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

         Yes [ ]      Assigned  File No.  ____________      No [X]

If "Yes" is marked, indicate the file number assigned to the Registrant in
connection with Rule 12g3-2(b).

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This report on Form 6-K, dated October 17, 2005, is specifically incorporated by
reference into North American Palladium's registration statement on Form S-8
(File No. 333-13766), which was originally filed with the Securities and
Exchange Commission (the "SEC") in July 2001.

Forward-Looking Statements - Certain statements included in this report on Form
6-K are forward-looking statements which are made pursuant to the "safe harbor"
provisions of the United States Private Securities Litigation Reform Act of
1995. They include estimates and statements that describe North American
Palladium's future plans, objectives and goals, including words to the effect
that North American Palladium or management expects a stated condition or result
to occur. When used herein, words such as "expect", "continue", "estimate",
"anticipate", "will", "appears", "indicating", "may" and other similar
expressions are intended to identify forward-looking statements. In particular
statements relating to the ore production, the construction and commissioning
and the exploration programs and objectives are forward-looking statements. Such
forward-looking statements involve inherent risks and uncertainties and are
subject to factors, many of which are beyond our control that may cause actual
results or performance to differ materially from those currently anticipated in
such statements. Important factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements
include among others fluctuations in grade, and geological, mining, processing
or technical problems. For a more comprehensive review of risk factors, please
refer to North American Palladium's most recent Annual Report under
"Management's Discussion and Analysis of Financial Results" and Annual
Information Form under "Risk Factors" on file with the U.S. Securities and
Exchange Commission and Canada provincial securities regulatory authorities.
North American Palladium disclaims any obligation to update or revise any
forward-looking statements whether as a result of new information, events or
otherwise. Readers are cautioned not to put undue reliance on these
forward-looking statements.

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                              NORTH AMERICAN PALLADIUM LTD.


Date:      October 17, 2005                   By:  /s/ Mary Batoff
     -------------------------------             -------------------------------
                                                           Mary Batoff

                                              Title: Vice President, Legal and 
                                                       Secretary

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                                  EXHIBIT INDEX


 Exhibit        Description of Exhibit
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   1            Material Change Report dated October 13, 2005
   2            Material Change Report dated October 17, 2005