Q1 2013 Palladium ETF Trends

Nick Brooks of ETF Securities revealed that investors are moving out of gold ETFs to focus on more cyclical metals like palladium.

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Company News

Colossus Minerals Announces C$25 Million Bought Deal Financing

Colossus Minerals Announces C$25 Million Bought Deal Financing

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced a bought deal with aggregate gross proceeds of C$25,000,000 -comprised of 15,625,000 common shares of the Company at a price of C$1.60 per Common Share - with GMP Securities L.P. on its own behalf and on behalf of Dundee Securities Ltd. (together with GMP) and a syndicate of underwriters (together with the Co-Lead Underwriters).

Colossus Minerals Reports Voting Results

Colossus Minerals Reports Voting Results

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced voting results from the annual and special meeting of shareholders held on May 21st, 2013, and J. Alberto Arias, John Frostiak, David Garofalo, Greg Hall, Mel Leiderman, Claudio Mancuso, Douglas Reeson, and John S.M. Turner were elected as directors of the Company.

Colossus’ Serra Pelada Mine Set to Begin Production in Q3 2013

Colossus’ Serra Pelada Mine Set to Begin Production in Q3 2013

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) provided an update on its Brazil-based, 75-percent owned Serra Pelada gold-platinum-palladium mine, commenting that the mine is on track to begin production of 250 metric tons per day in Q3 2013.

North American Palladium Downgraded by Raymond James, HSBC

The Globe and Mail reported that Raymond James analyst Alex Terentiew has downgraded North American Palladium Ltd. (TSX:PDL,AMEX:PAL) to "market perform" from "outperform," while Sam Crittenden, an analyst at RBC Dominion Securities, moved his rating from "sector perform" down to "underperform."

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Market News

Chinese Palladium Bar Prices Down 5.7 Percent

MetalMiner reported that yesterday, Chinese palladium bar prices fell by 5.7 percent, while prices for US palladium bars went up by 1.7 percent.

Norilsk Nickel Forecasts 2013 Palladium Deficit of 1 Million Ounces

Mining Weekly reported that Norilsk Nickel OAO (MCX:GMKN), the world's top palladium producer, thinks that in 2013 the palladium deficit will rise 25 percent on the back of falling supplies. That will bring the deficit up to about 1 million troy ounces.

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