North American Palladium Ltd, a Canadian precious metals company, declared that it has agreed to privately place secured convertible notes worth up to $50 million to finance its exploration and development projects. For full story, click here
North American Palladium Ltd. despite no new news the stock jumped up 13.59% to $3.51 on very unusual volume of 4.03 million shares. North American Palladium Ltd. is in the business of exploring and mining Platinum Group Metals and certain base and precious metals. For full story, click here
A recent rally in prices of the precious metals used in catalytic converters for cars will not become a sustainable trend as long as signs of a clear recovery in the auto sector stay elusive. For full story, click here
Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.
Thursday, August 20, 2009