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== History ==
== History ==


North American Palladium was founded in 1968 as Madeleine Mines Ltd. and was renamed to its current name in June 1993.<ref name=Yahoo>[https://finance.yahoo.com/q/pr?s=PAL+Profile Yahoo company profile]</ref> The Lac des Iles mine began as an open pit mine in 1993. A new mill was commissioned at the mine in 2012, with mine's production rate increasing following that. Underground operations at Lac des Iles started in 2006.<ref>[http://magazine.cim.org/en/projects/lac-des-iles-en/ Underground turnaround]</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 May 26, 2009, the company acquired the Sleeping Giant gold mine through the acquisition of Cadiscor Resources Inc.<ref>[http://investing.money.msn.com/investments/company-report?symbol=PAL MSN Money]</ref> On May 20, 2010, the company acquired the Vezza gold project, in the Abitibi region, from [[Agnico-Eagle Mines]].<ref>[http://www.tradingmarkets.com/news/stock-alert/aem_pal_north-american-palladium-to-acquire-vezza-gold-project-from-agnico-eagle-mines-927902.html North American Palladium to acquire Vezza gold project from Agnico-Eagle Mines]</ref>
North American Palladium was founded in 1968 as Madeleine Mines Ltd. and was renamed to its current name in June 1993.<ref name=Yahoo>[https://finance.yahoo.com/q/pr?s=PAL+Profile Yahoo company profile]</ref> The Lac des Iles mine began as an open pit mine in 1993. A new mill was commissioned at the mine in 2012, with mine's production rate increasing following that. Underground operations at Lac des Iles started in 2006.<ref>[http://magazine.cim.org/en/projects/lac-des-iles-en/ Underground turnaround]</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 May 26, 2009, the company acquired the Sleeping Giant gold mine through the acquisition of Cadiscor Resources Inc.<ref>{{Cite web |url=http://investing.money.msn.com/investments/company-report?symbol=PAL |title=MSN Money |access-date=2011-02-05 |archive-url=https://web.archive.org/web/20110721151137/http://investing.money.msn.com/investments/company-report?symbol=PAL |archive-date=2011-07-21 |url-status=dead }}</ref> On May 20, 2010, the company acquired the Vezza gold project, in the Abitibi region, from [[Agnico-Eagle Mines]].<ref>[http://www.tradingmarkets.com/news/stock-alert/aem_pal_north-american-palladium-to-acquire-vezza-gold-project-from-agnico-eagle-mines-927902.html North American Palladium to acquire Vezza gold project from Agnico-Eagle Mines]</ref>


The only other [[North America]] based palladium or platinum producer is [[Stillwater Mining Company]], located in [[Montana]], USA.<ref>[http://seekingalpha.com/article/57518-stillwater-mining-or-north-american-palladium-which-is-the-better-investment Stillwater Mining or North American Palladium: Which is the Better Investment? - Seeking Alpha<!-- Bot generated title -->]</ref>
The only other [[North America]] based palladium or platinum producer is [[Stillwater Mining Company]], located in [[Montana]], USA.<ref>[http://seekingalpha.com/article/57518-stillwater-mining-or-north-american-palladium-which-is-the-better-investment Stillwater Mining or North American Palladium: Which is the Better Investment? - Seeking Alpha<!-- Bot generated title -->]</ref>

Revision as of 15:09, 19 November 2019

North American Palladium
TSX: PDL, AMEX: PAL
IndustryMining
Founded1968
HeadquartersToronto, Ontario
Key people
Jim Gallagher, President and Chief Executive Officer
Websitewww.napalladium.com

North American Palladium Ltd. (TSX: PDL, AMEX: PAL) is a mining company with headquarters located in Toronto, Ontario, 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 operations are located in Canada, with the Ontario Thunder Bay District holding the Lac des Iles palladium mine.[1]

History

North American Palladium was founded in 1968 as Madeleine Mines Ltd. and was renamed to its current name in June 1993.[2] The Lac des Iles mine began as an open pit mine in 1993. A new mill was commissioned at the mine in 2012, with mine's production rate increasing following that. Underground operations at Lac des Iles started in 2006.[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]

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

References

  1. ^ North American Palladium Ltd. website
  2. ^ Yahoo company profile
  3. ^ Underground turnaround
  4. ^ Infomine report on Lac des Îles
  5. ^ Lac des Iles mine digs deep
  6. ^ North American Palladium Mine Celebrates Reopening
  7. ^ "MSN Money". Archived from the original on 2011-07-21. Retrieved 2011-02-05.
  8. ^ North American Palladium to acquire Vezza gold project from Agnico-Eagle Mines
  9. ^ Stillwater Mining or North American Palladium: Which is the Better Investment? - Seeking Alpha


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