North American Palladium: Difference between revisions

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[[Category:Companies listed on NYSE American]]
[[Category:Companies listed on NYSE American]]
[[Category:Companies listed on the Toronto Stock Exchange]]
[[Category:Companies formerly listed on the Toronto Stock Exchange]]
[[Category:Palladium mining companies]]
[[Category:Palladium mining companies]]
[[Category:Gold mining companies of Canada]]
[[Category:Gold mining companies of Canada]]

Revision as of 04:44, 27 January 2020

North American Palladium
TSXPDL, AMEXPAL
IndustryMining
Founded1968
HeadquartersToronto, Ontario
Key people
Jim Gallagher, President and Chief Executive Officer
Websitewww.napalladium.com

North American Palladium Ltd. (TSXPDL, AMEXPAL) 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