NAP to raise C$35m for Ontario palladium mine

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...

NAP boosts Q1 palladium production by 36%

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...

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...

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...

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Toronto-based North American Palladium (NAP) has withdrawn from a best efforts private placement of up to $50-million, after the final terms proposed by its agent were “not satisfactory”, the company said on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

Former HudBay exec joins North American Palladium as CFO

Precious metals-miner North American Palladium on Monday appointed Jeff Swinoga as its CFO and vice-president of finance. He takes over the position from Fraser Sinclair, who would steps down on July 15 to “pursue other opportunities”.

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 will buy Cadiscor, gains Sleeping Giant mine

Toronto-based North American Palladium (NAP) has agreed to buy gold exploration firm Cadiscor Resources in an all-share transaction. NAP will exchange 0,33 of one of its shares for every Cadiscor share, which implies a share value for Cadiscor of...

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,...