Palladium – Bloomberg reported that North American Palladium Ltd. (TSX:PDL,NYSEMKT:PAL) does not know why its share price sank by 27 percent two days ago. Phil du Toit, the company's CEO, maintains that the company is "working hard" to get financing.
Articles Tagged "Palladium Company News"
Palladium – MetalMiner reported that CIBC believes North American Palladium Ltd.'s (TSX:PDL,NYSEMKT:PAL) future doesn't look particularly bright, largely due to the fact that a slow ramp up at the company's Lac des Iles mines has left it in need of more cash.
Palladium – Colossus Minerals Inc. (TSX:CSI,OTCWX:COLUF) provided a development update for its 75% owned Serra Pelada gold-platinum-palladium Mine along with its financial results for the interim periods ended September 30, 2013. As of November 14, 2013, the Company had completed approximately 2,300 metres of total development on Serra Pelada.
Palladium – Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced that John S. M. Turner has resigned from the board of directors for personal reasons.
Palladium – North American Palladium Ltd. (TSX:PDL,NYSEMKT:PAL) announced that it has started hoisting material through the new shaft at its Northern Ontario-based Lac des Iles palladium mine. The shaft is about 825 meters deep and has a maximum hoisting capacity of 8,000 tonnes per day; it is expected to eliminate the current production bottleneck.
Palladium – Ivanhoe Mines Ltd. (TSX:IVN) announced that it intersected mineralization containing 4.51 grams per tonne (g/t) platinum, palladium, rhodium and gold (4PGE) over 90.64 meters at a cut off of 1 g/t platinum, palladium and rhodium (3PE) at the Flatreef discovery, located at the company’s South Africa-based Platreef project.
Palladium – Bloomberg reported that over the next five years, Norilsk Nickel (MCX:GMKN) plans to invest as much as $10 billion in order to boost its output. Its platinum and palladium production may increase from 2013 levels by about 2 percent each in 2016 and about by 10 percent each in 2018.
Palladium – Pro-Or Inc. (TSXV:POI) appointed Euro Pacific Canada Inc. as lead Agent in what is now a brokered private placement. The size of the offering has been reduced from the previously announced amount of $2,300,000 to $2,295,000.
Palladium – North American Palladium Ltd. (TSX:PDL,NYSEMKT:PAL) announced updated drill results for the first half of the 2013 underground and surface exploration program at its Northern Ontario-based Lac des Iles palladium project. Further, the company completed NI 43-101 compliant estimates for "some near-surface mineral resources on the North VT Rim and the Sheriff Zone."
Palladium – Platinum Group Metals Ltd. (TSX:PTM,NYSEMKT:PLG) provided an updated independent inferred resource estimate for its Waterberg joint venture, noting that the new estimate is 167 million tonnes grading 3.26 grams per tonne of platinum, palladium and gold for a total of 17.5 million ounces. It also includes "significant" copper and nickel credits.