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Stock Market & Financial Investment News

News Breaks
March 24, 2013
12:33 EDTPALNorth American Palladium announces the sale of its gold division
North American Palladium announced that it has closed the sale of its Quebec-based gold division, NAP Quebec Mines, which holds the Vezza mine, the Sleeping Giant mine and mill complex, and its nearby portfolio of exploration properties, to Maudore Minerals . A binding agreement in respect of the sale was entered into on closing. The purchase price paid by Maudore consisted of $18M in cash and 1.5M common shares of Maudore, which shares are listed for trading on the TSX Venture Exchange. The shares are subject to a four-month hold period in accordance with Canadian securities laws. An adjustment to the purchase price for gold and silver inventory will also result in additional payments to NAP post closing. NAP intends to use the net proceeds from the sale to fund the mine expansion at its Lac des Iles palladium mine in Ontario.
News For PAL From The Last 14 Days
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December 11, 2014
06:10 EDTPALNorth American Palladium provides update on ramp-up progress at Lac des Iles
North American Palladium announces an update for selected operating results for the months of October and November and year to date from the ongoing successful ramp-up of its operations at its Lac des Iles, or LDI, mine in Thunder Bay, Ontario. For October and November, the company produced 41,986 payable ounces of palladium from its Lac des Iles mine at a cash cost per ounce of $375. The mill commenced a trial full time run on October 1, and production cost per tonne milled for the two months averaged $36. Production of payable palladium year to date to the end of November is 156,409 ounces, and the Company expects to achieve its guidance for 2014. Year to date cash cost per ounce is $495 and production cost per tonne milled is $50. Underground production from LDI continues to ramp-up with daily mining rates for October averaging 3,736 tonnes, November 4,216 tonnes and to December 9, 4,765 tonnes. During this time period, the company has surpassed daily production rates of 5,000 tonnes per day on numerous occasions.

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