Platinum to remain in surplus, eurozone crisis flagged as 'major' risk

Platinum registered its seventh consecutive gross surplus in 2011 and was likely to experience a similar outcome in 2012, while palladium remained in a gross deficit, which was likely to increase this year, precious metals consultancy Thomson...

North American Palladium posts Q2 profit on higher output

Precious metals company North American Palladium Ltd reported a second-quarter profit helped by a 69% rise in quarterly palladium production at the company's flagship mine in Quebec and maintained its full year palladium production forecast. The...

NAP expects palladium output to rise 75% this year

Toronto-based North American Palladium expects palladium production from its Lac des Iles mine, in Ontario, will increase 75% this year. However, delays in developing a ramp to access the new zone mean that some pre-production ore previously...

Lac des Iles palladium mine offset zone project, Canada

The Lac des Iles palladium mine offset zone project has been approved by the North American Palladium board of directors.

Rival bid for Marathon PGM not seen likely

US platinum-group metals (PGM) miner Stillwater Mining "conservatively" expects it will take about three years to permit and build the Marathon PGM/copper project in Ontario, CEO Francis McAllister said on Tuesday. Shares in TSX-listed Marathon...

Zimbabwe’s promising platinum future

Palladium and platinum supplies decreased in Russia and North America, while supplies of the metals climbed in Zimbabwe last year, states platinum refiner and specialist Johnson Matthey’s ‘Platinum 2010’ report.

NAP unveils palladium expansion details, sees capex at C$204m

Toronto-based North American Palladium expects to achieve commercial production from the new Offset zone at its Lac des Iles mine, in Ontario, in the third quarter of 2012, CEO Bill Biggar said on Tuesday. The company has completed a scoping...

Platinum to remain in surplus this year – GFMS

Precious metals consultancy GFMS expected demand for platinum to rise by 5% this year, while global mine production was also expected to recover, leaving the gross surplus at “historically high” levels. The consultancy noted in its...

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Toronto-based North American Palladium (NAP) has withdrawn from a best efforts private placement of up to $50-million, after the final terms proposed by its agent were “not satisfactory”, the company said on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

North American Palladium names new CEO

Toronto-based North American Palladium, which operates Canada's only primary platinum-group metals mine, has named William Biggar as its new president and CEO, succeeding James Excell. Excell, who served as president and CEO since January 2006,...

North American Palladium appoints exploration VP

Toronto-based North American Palladium, which operates Canada's only primary platinum-group metals mine, has appointed William Stone to the position of exploration vice-president, the company said on Thursday.