North American Palladium to restart mine
Dec 09, 2009 | 12:02 PM
| Anne Riley
After 14 months on care and maintenance, North American Palladium Ltd.'s Lac des Iles Mine in Ontario will resume production, with the first concentrate slated to be shipped in the second quarter of 2010.
"We are very encouraged by the steady rise in the price of palladium. With palladium approaching $400 an ounce, we believe it is the right time to resume operations at Lac des Iles," William Biggar, the Toronto-based company's president and chief executive officer, said in a statement Tuesday. Palladium for March delivery settled at $365.55 an ounce Wednesday on the Comex....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here