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