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[[File:North American Palladium logo.jpg|thumb|300px|Logo of North American Palladium]]
[[File:North American Palladium logo.jpg|thumb|300px|Logo of North American Palladium]]
'''North American Palladium Ltd.''' ({{TSX|PDL}}, {{AMEX|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>[http://finance.yahoo.com/q/pr?s=PAL+Profile Yahoo company profile]</ref> 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]].<ref name=NAP>[http://www.nap.com North American Palladium Ltd. website]</ref>
'''North American Palladium Ltd.''' ({{TSX|PDL}}, {{AMEX|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>[https://finance.yahoo.com/q/pr?s=PAL+Profile Yahoo company profile]</ref> 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]].<ref name=NAP>[http://www.nap.com North American Palladium Ltd. website]</ref>


On October 21, 2008, the Lac des Iles mine was placed on "care and maintenance" due to declining metal prices.<ref name=Infomine>[http://www.infomine.com/minesite/minesite.asp?site=lacdesiles Infomine report on Lac des Îles]</ref> It was reopened on October 13, 2010.<ref>[http://www.chroniclejournal.com/content/news/local/2010/10/14/lac-des-iles-mine-digs-deep Lac des Iles mine digs deep]</ref><ref>[http://www.thunderbaybusiness.ca/article/north-american-palladium-mine-celebrates-reopening-314.asp North American Palladium Mine Celebrates Reopening]</ref>
On October 21, 2008, the Lac des Iles mine was placed on "care and maintenance" due to declining metal prices.<ref name=Infomine>[http://www.infomine.com/minesite/minesite.asp?site=lacdesiles Infomine report on Lac des Îles]</ref> It was reopened on October 13, 2010.<ref>[http://www.chroniclejournal.com/content/news/local/2010/10/14/lac-des-iles-mine-digs-deep Lac des Iles mine digs deep]</ref><ref>[http://www.thunderbaybusiness.ca/article/north-american-palladium-mine-celebrates-reopening-314.asp North American Palladium Mine Celebrates Reopening]</ref>

Revision as of 16:02, 17 January 2017

Logo of North American Palladium

North American Palladium Ltd. (TSX: PDL, AMEX: 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.[2]

On October 21, 2008, the Lac des Iles mine was placed on "care and maintenance" due to declining metal prices.[3] It was reopened on October 13, 2010.[4][5]

On May 26, 2009, the company acquired the Sleeping Giant gold mine through the acquisition of Cadiscor Resources Inc.[6]

On May 20, 2010, the company acquired the Vezza gold project, in the Abitibi region, from Agnico-Eagle Mines.[7]

William J. Biggar has been Chief Executive Officer and President of the company since October 1, 2008.[8]

The only other North America based palladium or platinum producer is Stillwater Mining Company, located in Montana, USA.[9]

References

  1. ^ Yahoo company profile
  2. ^ North American Palladium Ltd. website
  3. ^ Infomine report on Lac des Îles
  4. ^ Lac des Iles mine digs deep
  5. ^ North American Palladium Mine Celebrates Reopening
  6. ^ MSN Money
  7. ^ North American Palladium to acquire Vezza gold project from Agnico-Eagle Mines
  8. ^ Bloomberg Businessweek
  9. ^ Stillwater Mining or North American Palladium: Which is the Better Investment? - Seeking Alpha
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