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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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February 26, 2015
06:21 EDTPALNorth American Palladium announces positive Lac des Iles Mine report results
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February 25, 2015
06:15 EDTPALNorth American Palladium reports Lac des Iles reserves and resources
North American Palladium updated its mineral reserve and resource estimates for its Lac des Iles mine property in northwestern Ontario. Total reserves are 20.4M tons at a grade of 2.1 g/t and total resources of 71.5M tons at a grade of 2.0 g/t, representing a combined 5.9M ounces of contained palladium. The company reports a significant increase in underground measured and indicated resource of 3.9M tons at a grade of 2.67 g/t palladium, or 413K ounces of contained palladium, representing an increase of 16%. The company reported a 101% increase in near surface reserve of 6.3M tons at a grade of 1.0 g/t palladium, or 197K ounces of contained palladium. Near surface resources of 9.8M tons at a grade of 1.28 g/t palladium, or 274K ounces of contained palladium, represent an increase of 23%. The net change to the LDI resource inventory in terms of contained palladium is an increase of 686K ounces, bringing the total measured and indicated resource at Lac des Iles to 71.5M tons having an average grade of 1.98 g/t Pd and containing 4.54M ounces of palladium.
February 19, 2015
06:23 EDTPALNorth American Palladium sees FY15 palladium production 185K-205K ounces
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06:22 EDTPALNorth American Palladium reports Q4 revenue $48.7M, one estimate $44.4M
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