NAP shares drop after guidance cut

Shares in North American Palladium plunged 27% on Tuesday, after the group lowered full-year forecasts for both its mines and said it would emphasise development work rather than production for the balance of this year. The Toronto-based company...

NA Palladium misses targets at Sleeping Giant, LDI study out soon

Precious-metals producer North American Palladium will not achieve steady state operations this year at its Sleeping Giant gold-mine in Quebec, after mining much lower than expected grades in the second quarter, the firm said this week. NAP...

NA Palladium starts shaft deepening at Sleeping Giant

Precious-metals miner North American Palladium has approved a project to deepen the shaft at its Sleeping Giant gold mine, in Quebec by 200 m, after a 2009 exploration programme extended the gold zones at the asset. NAP plans to publish an...

NA Palladium achieves milestone at Sleeping Giant mine

Toronto-based North American Palladium (NAP) achieved commercial production as of January 1 at its Sleeping Giant mine, in Quebec, the firm reported on Wednesday. Production has increased steadily since the company poured its first gold bars in...

NA Palladium may restart Lac des Iles next year

Toronto-based North American Palladium (NAP) could make a decision to restart its Lac des Iles (LDI) palladium mine within a "few" months, CEO William Biggar said on Friday. “If the palladium price holds or surpasses its current level for a few...

NA Palladium pours first gold at Quebec mine

Toronto-based North American Palladium (NAP) poured the first gold at its Sleeping Giant mine, in Quebec, this week, the company announced on Wednesday. The mine, which NAP acquired when it bought Cadiscor Resources earlier this year, will ramp...

NA Palladium increases unit offering to C$50m

Toronto-based North American Palladium (NAP) will raise C$50-million in a bought deal offering of shares and warrants, plus another C$15-million in a flow-through share offering, the firm said on Tuesday. NAP has signed an agreement with a...

NA Palladium says $50m financing terms 'not satisfactory', withdraws

Toronto-based North American Palladium (NAP) has withdrawn from a best efforts private placement of up to $50-million, after the final terms proposed by its agent were “not satisfactory”, the company said on Wednesday. The firm initially said...

NA Palladium will sell notes to raise $50m

Toronto-based North American Palladium plans to sell up to $50-million in 7% secured convertible notes, in a best-efforts private placement, the firm said on Monday. The company has also given its agent an overallotment option to place another...

NA Palladium finds new PGM zone at Lac des Iles

For a company that halted its only producing mine a good eight months ago, Toronto-based North American Palladium is doing a fine job of maintaining a steady flow of good news to the market. First. the firm announced in April it would buy...

NA Palladium's acquisition of Cadiscor gets court approval

The acquisition of gold exploration company Cadiscor Resources by North American Palladium is expected to close on Tuesday, after the firms received approval for the deal from the Quebec Superior Court. Cadiscor shareholders approved the...

NA Palladium targets 250 000 oz/y gold output

Toronto-based North American Palladium, which wants to build itself into a mid-tier precious metals company with “multiple mines”, is targeting annual gold production of 250 000 oz/y, CEO William Biggar said on Friday. As a first step, the...