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purchased by Impala Platinum
former
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| name = North American Palladium
| name = North American Palladium
| logo = North American Palladium logo.jpg
| logo = North American Palladium logo.jpg
| type = [[Public company|Public]]<br />[[Toronto Stock Exchange|PDL]]:DGC<br />[[NYSE American|AMEX]]:PAL
| traded_as = {{TSX|PDL}}, {{AMEX|PAL}}
| foundation = 1968
| foundation = 1968
| location = [[Toronto]], [[Ontario]]
| fate = [[Takeover|Acquired]] by [[Impala Platinum]]
| defunct = {{End date|2019|12|13}}
| key_people = Jim Gallagher, President and Chief Executive Officer
| hq_location_city = [[Toronto]], [[Ontario]]
| hq_location_country = [[Canada]]
| key_people = William Biggar [[Chief Executive Officer|CEO]] (2008-2012)<br>Jim Gallagher CEO (2015-2020)
| industry = [[Mining]]
| industry = [[Mining]]
| homepage = {{url|http://www.napalladium.com}}
| homepage = {{url|http://www.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 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.''' is a former [[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 Îles igneous complex|Lac des Iles palladium mine]].<ref name=NAP>[http://www.nap.com North American Palladium Ltd. website]</ref>


== History ==
== History ==
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{{reflist}}
{{reflist}}


[[Category:Companies listed on NYSE American]]
[[Category:Companies formerly listed on NYSE American]]
[[Category:Companies formerly listed on the Toronto Stock Exchange]]
[[Category:Companies formerly listed on the Toronto Stock Exchange]]
[[Category:Palladium mining companies]]
[[Category:Palladium mining companies]]
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[[Category:Abitibi-Témiscamingue]]
[[Category:Abitibi-Témiscamingue]]
[[Category:Companies established in 1993]]
[[Category:Companies established in 1993]]


{{copper-company-stub}}

Revision as of 21:26, 29 February 2020

North American Palladium
Company typePublic
PDL:DGC
AMEX:PAL
IndustryMining
Founded1968
DefunctDecember 13, 2019 (2019-12-13)
FateAcquired by Impala Platinum
Headquarters
Toronto, Ontario
,
Canada
Key people
William Biggar CEO (2008-2012)
Jim Gallagher CEO (2015-2020)
Websitewww.napalladium.com

North American Palladium Ltd. is a former 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]

North American Palladium Ltd. was purchased by Impala Platinum for CA$1 billion in 2019.[10]

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
  10. ^ "Implats to buy North American Palladium". Mining Journal. October 7, 2019. Retrieved January 26, 2020.
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