North American Palladium Ltd. declared that it has finally completed the acquisition of Cadiscor Resources Inc. in an all-share transaction wherein the latters shareholders received 0.33 common shares of PAL/share of Cadiscor. For full story, click here
September palladium PAU9 closed up $3.95, or 1.7 percent, at $237.45 an ounce, tracking platinum’s gains. For full story, click here
June palladium PAM9 up $2.35, or 1 percent, at $228.20 an ounce, taking direction from the platinum market. For full story, click here
North American Palladium Ltd. declared financial results for the first quarter ended March 31, 2009. Bill Biggar, President and CEO, stated: I am pleased with the progress made on advancing our strategic initiatives in the first quarter. For full story, click here
Palladium futures dipped in New York on speculation that demand for the metals will remain slack because of a subdued recovery in the global economy. For full story, click here
Spot palladium closed at $220.50 an ounce, down 5.2 percent from its previous finish. For full story, click here
Sylvania is currently involved in three PGM projects on the Bushveld Igneous Complex of South Africa. The first of these is fully operational, the second is at an advanced stage of development and the third is at the feasibility study stage. For full story, click here
June palladium PAM9 closed down $5.30, or 2.2 percent, at $237.00 an ounce on profit taking after last week’s solid gains. For full story, click here
Toronto-based North American Palladium, which wants to build itself into a mid-tier precious metals company with multiple mines, is targeting annual gold output of 250 000 oz/y. For full story, click here
Palladium prices was bid at $238 an ounce at 1303 GMT, having hit a day’s high of $243 an ounce, as an equities rally cheered sentiment in industrial metals. For full story, click here
Friday, May 29, 2009