R/€ = 15.65 Change: 0.00
R/$ = 13.43 Change: 0.00
Au 1269.43 $/oz Change: 1.33
Pt 878.00 $/oz Change: 13.83


North American Palladium makes PGM discovery at Sunday Lake

By: Henry Lazenby     27th March 2018 Winter exploration results from the Sunday Lake platinum-group metals (PGM) deposit, 25 km northeast of Thunder Bay, Ontario, has led to the discovery of new PGM mineralisation in the central part of the property, with extensions to the east, that open up a much larger area for exploration, North... 

North American Palladium secures option on Transition Metals’ Sunday Lake discovery

By: Henry Lazenby     22nd June 2017 Pure play palladium producer North American Palladium (NAP) has signed a definitive option agreement with project generator Transition Metals and its joint venture (JV) partner Impala Platinum (Implats) to earn up to a 75% stake in the Sunday Lake project, located near Thunder Bay, Ontario. The... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

NAP narrows Q2 net loss as it transitions to new mining method

By: Henry Lazenby     6th August 2016 Primary palladium producer North American Palladium has narrowed its second-quarter loss to C$9.9-million, or C$0.17 a share, despite low metal prices and underground production challenges at its Lac des Iles (LDI) palladium mine, in north-western Ontario. Revenue at C$39.9-million, for the three... 

Market uncertainty pulls EY’s Canadian Mining Eye index down in Q3

By: Henry Lazenby     15th December 2015 Professional services firm EY’s Canadian Mining Eye index declined 17% during the third quarter 2015, in stark contrast to the second quarter’s 4% gain. This latest drop was even more substantial than the first quarter, which saw only a 1% decline. 

Low metal prices cause North American Palladium to cut jobs, reduce output

By: Henry Lazenby     1st October 2015 Precious metals producer North American Palladium (NAP) has lowered its production forecast and taken steps to reduce its workforce at the Lac des Iles (LDI) mine, in Ontario, as a weak palladium price has taken its toll on the company. The TSX-listed miner advised on Wednesday that 44 employees,... 

PearTree appoints new president, head of mining

By: Sashnee Moodley     26th June 2015 PearTree Securities, a subsidiary of PearTree Financial Services, the originator of flow through donation financing in Canada, has appointed Trent Mell PearTree president and head of mining.  

North American Palladium lifts Lac des Iles reserves and resources

By: Henry Lazenby     26th February 2015 Canadian palladium producer North American Palladium (NAP) rose almost 19% on Wednesday on the TSX after it reported sizeable increases to both the compliant reserves and resources at its flagship Lac des Iles property, in north-western Ontario. The Toronto-headquartered company reported reserves... 

North American Palladium expects to hit full-year guidance

By: Henry Lazenby     12th December 2014 Canadian palladium producer North American Palladium (NAP) on Thursday reported strong output from its Lac des Iles (LDI) mine, in Thunder Bay, Ontario, for the fourth-quarter so far, prompting it say it will reach its full-year guidance. NAP on Thursday reported that output for October and... 

North American Palladium aims to lift 2014 output, slash capex 

By: Henry Lazenby     8th January 2014 Toronto-based North American Palladium (NAP) on Tuesday said it planned to boost its payable palladium production to between 170 000 oz and 175 000 oz, while dropping its capital investment budget to $30-million and its exploration budget to $4-million. The TSX-listed miner said it expected... 

Maudore inks milling agreement with Abcourt Mines

By: Henry Lazenby     16th August 2013 Quebec-based Maudore Minerals on Friday announced that its subsidiary Aurbec Mines has entered into a custom-milling agreement to treat ore from gold miner Abcourt Mines' Elder mine at Aurbec’s Sleeping Giant mill. The Elder mine is located near Rouyn-Noranda, Quebec, and the ore would be trucked... 

Maudore mine-down plan interrupted as workers down tools

By: Henry Lazenby     14th August 2013 Gold junior Maudore Minerals’ plan to place its advanced-stage Vezza project on care and maintenance has been delayed as its main contractor pulled its crews from the project earlier than planned, owing to a dispute over efforts to renegotiate contractual payment terms as work draws to a close.... 

NAP secures funds for Ontario mine expansion

By: Henry Lazenby     7th June 2013 Canadian palladium producer North American Palladium (NAP) has secured two financings and has extended a line of credit to fund the progressing expansion of its Lac des Iles (LDI) mine, in Ontario. The company on Friday said it had closed a $130-million term loan financing with investor... 

Maudore Minerals pours first gold from recently acquired Quebec mine

By: Henry Lazenby     23rd April 2013 TSX-V-listed Maudore Minerals has poured its first two gold bars for about 945 oz from the Sleeping Giant gold mill and adjacent tailings facility, in Quebec, after acquiring a subsidiary of North American Palladium (NAP), NAP Gold, for $18-million in cash and 1.5-million common shares in March.... 

Maudore Minerals acquires Quebec gold mill and assets

By: Henry Lazenby     25th March 2013 Gold project-development junior Maudore Minerals has acquired the Sleeping Giant gold mill and adjacent tailings facility, in Quebec, through acquiring a subsidiary of North American Palladium (NAP) for $18-million in cash and 1.5-million common shares. Maudore on Monday said as a result of its... 

NAP to raise C$35m for Ontario palladium mine

By: Henry Lazenby     12th April 2012 Precious metals producer North American Palladium (NAP) on Wednesday said it had entered into an agreement with a syndicate of underwriters co-led by Scotia Capital and RBC Capital Markets to raise C$35.03-million, by selling 11.3-million flow-through shares at C$3.10 apiece. The proceeds from... 

NAP boosts Q1 palladium production by 36%

By: Matthew Hill     10th April 2012 North American Palladium, the continent’s second-biggest producer of the metal used in vehicle exhaust systems, said on Tuesday it mined 41 760 oz in the first quarter, at a cash cost of $380/oz. CEO William Biggar said the performance of the company’s sole producing mine, Lac des Iles, located... 


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