North American Palladium’s update
North American Palladium Ltd. (NAP) (TSX:PDL)(NYSE Amex:PAL) reported that the company continues to deliver excellent exploration results at its wholly-owned Lac des Iles mine northwest of Thunder Bay, Ontario, and has consequently doubled its LDI exploration budget to $15 million in 2010.
The press release is quoted as saying:
NAP is a Canadian precious metals company focused on the production of palladium and gold in mining friendly jurisdictions. LDI, the Company’s flagship mine, is one of North America’s two primary palladium producers.