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North American Palladium

North American Palladium aims to lift 2014 output, slash capex

Toronto-based North American Palladium (NAP) on Tuesday said it planned to boost its payable palladium production to between 170 000 oz and 175 000 oz, while dropping its capital investment budget to $30-million and its exploration budget to...
8th January 2014

Maudore inks milling agreement with Abcourt Mines

Quebec-based Maudore Minerals on Friday announced that its subsidiary Aurbec Mines has entered into a custom-milling agreement to treat ore from gold miner Abcourt Mines' Elder mine at Aurbec’s Sleeping Giant mill. The Elder mine is located near...
16th August 2013

Maudore mine-down plan interrupted as workers down tools

Gold junior Maudore Minerals’ plan to place its advanced-stage Vezza project on care and maintenance has been delayed as its main contractor pulled its crews from the project earlier than planned, owing to a dispute over efforts to renegotiate...
14th August 2013

NAP secures funds for Ontario mine expansion

Canadian palladium producer North American Palladium (NAP) has secured two financings and has extended a line of credit to fund the progressing expansion of its Lac des Iles (LDI) mine, in Ontario. The company on Friday said it had closed a...
7th June 2013

Maudore Minerals pours first gold from recently acquired Quebec mine

TSX-V-listed Maudore Minerals has poured its first two gold bars for about 945 oz from the Sleeping Giant gold mill and adjacent tailings facility, in Quebec, after acquiring a subsidiary of North American Palladium (NAP), NAP Gold, for...
23rd April 2013

Maudore Minerals acquires Quebec gold mill and assets

Gold project-development junior Maudore Minerals has acquired the Sleeping Giant gold mill and adjacent tailings facility, in Quebec, through acquiring a subsidiary of North American Palladium (NAP) for $18-million in cash and 1.5-million common...
25th March 2013

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...
12th April 2012

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...
10th April 2012

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...
10th May 2011

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...
18th August 2010

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...
13th November 2009

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 on...
2nd September 2009
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