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{{close paraphrase|source=at least http://stockpreacher.com/2010/12/10/north-american-palladium-ltd-amex-pal-signs-of-extreme-strength-is-a-sign-to-be-cautious/ and http://www.napalladium.com/explore_shebandowan.htm|date=February 2011}}
{{close paraphrase|source=at least http://stockpreacher.com/2010/12/10/north-american-palladium-ltd-amex-pal-signs-of-extreme-strength-is-a-sign-to-be-cautious/ and http://www.napalladium.com/explore_shebandowan.htm|date=February 2011}}
'''North American Palladium Ltd.''' ({{Tsx|PDL}}, {{nyse|PAL}}), founded in 1968 as Madeleine Mines Ltd., is a [[mining]] [[company]] with headquarters located at [[Toronto]], [[Canada]]. Renamed to its current title in June 1993,<ref name=Yahoo/> the company primarily mines and explores for [[palladium]] but also for [[gold]]. [[Platinum]], [[silver]], [[nickel]], and [[copper]] are mined as [[by-products]]. The company's principal operations are located in Canada, with the [[Ontario]] [[Thunder Bay District]] holding the [[Lac des Îles igneous complex|Lac des Iles palladium mine]] and the [[Abitibi-Témiscamingue|Abitibi]] region in [[Quebec]] the [[Sleeping Giant (Ontario)|Sleeping Giant]] gold mine, but it also has exploration rights for the Discovery project, Flordin property, [[Shebandowan, Ontario|Shebandowan]] West project and the Vezza project.<ref name=NAP>[http://www.napalladium.com North American Palladium Ltd. website]</ref>
'''North American Palladium Ltd.''' ({{Tsx|PDL}}, {{nyse|PAL}}) is a [[mining]] [[company]] with headquarters located at [[Toronto]], [[Canada]].

The company primarily mines and explores for [[palladium]] but also for [[gold]]. [[Platinum]], [[silver]], [[nickel]], and [[copper]] are mined as [[by-products]]. The company’'s principal mining operations are at:<ref name=Yahoo>[http://finance.yahoo.com/q/pr?s=PAL+Profile Yahoo company profile]</ref><ref name=NAP>[http://www.napalladium.com North American Palladium Ltd. website]</ref>
* the [[Lac des Îles igneous complex|Lac des Iles palladium mine]] consisting of an open pit mine, an underground mine, and processing facilities located in the [[Thunder Bay District]], [[Ontario]]<ref name=Infomine>[http://www.infomine.com/minesite/minesite.asp?site=lacdesiles Infomine report on Lac des Îles]</ref>
* the [[Sleeping Giant (Ontario)|Sleeping Giant]] gold mine located in the [[Abitibi-Témiscamingue|Abitibi]] region in [[Quebec]].

It also owns for exploration the Discovery project, Flordin property, [[Shebandowan, Ontario|Shebandowan]] West project and the Vezza project.<ref name=NAP/>

The company was founded in 1968 as Madeleine Mines Ltd. and changed its name to North American Palladium Ltd. in June 1993.<ref name=Yahoo/>


On December 10, 2007, the company earned a 50% interest in the former producing Shebandowan mine and the surrounding Haines and Conacher properties pursuant to an option and joint venture agreement with [[Vale Inco]]. The properties, known as the Shebandowan property, contain a series of nickel copper-[[Platinum group metals|PGM]] mineralized bodies.<ref>[http://www.napalladium.com/explore_shebandowan.htm Shebandowan West Project]</ref>
On December 10, 2007, the company earned a 50% interest in the former producing Shebandowan mine and the surrounding Haines and Conacher properties pursuant to an option and joint venture agreement with [[Vale Inco]]. The properties, known as the Shebandowan property, contain a series of nickel copper-[[Platinum group metals|PGM]] mineralized bodies.<ref>[http://www.napalladium.com/explore_shebandowan.htm Shebandowan West Project]</ref>

Revision as of 13:42, 28 February 2011

North American Palladium Ltd. (TSX: PDL, NYSE: PAL), founded in 1968 as Madeleine Mines Ltd., is a mining company with headquarters located at Toronto, Canada. Renamed to its current title in June 1993,[1] the company primarily mines and explores for palladium but also for gold. Platinum, silver, nickel, and copper are mined as by-products. The company's principal operations are located in Canada, with the Ontario Thunder Bay District holding the Lac des Iles palladium mine and the Abitibi region in Quebec the Sleeping Giant gold mine, but it also has exploration rights for the Discovery project, Flordin property, Shebandowan West project and the Vezza project.[2]

On December 10, 2007, the company earned a 50% interest in the former producing Shebandowan mine and the surrounding Haines and Conacher properties pursuant to an option and joint venture agreement with Vale Inco. The properties, known as the Shebandowan property, contain a series of nickel copper-PGM mineralized bodies.[3]

On October 21, 2008, the Lac des Iles mine was placed on "care and maintenance" due to declining metal prices.[4] It was reopened on October 13, 2010.[5][6]

On May 26, 2009, the company acquired the Sleeping Giant gold mine through the acquisition of Cadiscor Resources Inc.[7]

On May 20, 2010, the company acquired the Vezza gold project, in the Abitibi region, from Agnico-Eagle Mines.[8]

William J. Biggar has been Chief Executive Officer and President of the company since October 1, 2008.[9]

The only other North America based palladium or platinum producer is Stillwater Mining Company, located in Montana, USA.[10]

References

  1. ^ Cite error: The named reference Yahoo was invoked but never defined (see the help page).
  2. ^ North American Palladium Ltd. website
  3. ^ Shebandowan West Project
  4. ^ Cite error: The named reference Infomine was invoked but never defined (see the help page).
  5. ^ Lac des Iles mine digs deep
  6. ^ North American Palladium Mine Celebrates Reopening
  7. ^ MSN Money
  8. ^ North American Palladium to acquire Vezza gold project from Agnico-Eagle Mines
  9. ^ Bloomberg Businessweek
  10. ^ Stillwater Mining or North American Palladium: Which is the Better Investment? - Seeking Alpha
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