Pan African, gold mining company that produces approximately 100,000 oz per year, has announced that it would increase its resource to 15.8% in its Phoenix project to 469 000 oz of 4E PGM (platinum, palladium, rhodium and gold). Pan African CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% [...]
Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold. CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 [...]
North American Palladium Ltd. 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
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
Cadiscor Resources Inc. announced that the Superior Court of Quebec has approved Cadiscor’s petition to hold its Special Meeting on May 22, 2009 to consider a plan of arrangement between Cadiscor Resources Inc. and North American Palladium Ltd. For full story, click here
Rockcliff Resources Inc. reported the completion of its winter exploration program consisting of 13 surface drill holes totalling 3,068 m, two surface DPEM geophysical surveys and borehole geophysical surveys. For full story, click here
In the first six months of ’09, palladium’s value could range from $125 to $300 per ounce. The outlook for palladium is positive in some of its applications, however, a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the next six months.
On January 5 palladium tumbled nearly 6 percent as the strong dollar knocked down all the precious metals. The metal hit a daily low of $178.50 an ounce, but was quoted at $180.00. On January 12 the metal picked up some steam, and rebounded to $191 per ounce.
Marathon Resources Ltd and Strzelecki Metals Ltd have received final assay results for samples from drilling completed on 18th August 2008 at the Warburton Joint Venture in Western Australia. For full story, click here
Marathon Resources Ltd and Strzelecki Metals Ltd have received final assay results for samples from drilling completed on 18th August 2008 at the Warburton Joint Venture in Western Australia. For full story, click here
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