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Toronto-based North American Palladium (NAP) has withdrawn from a best efforts private placement of up to $50-million, after the final terms proposed by its agent were “not satisfactory”, the company said on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