The Conversation (0)
Daily Finance reported on North American Palladium’s (TSX:PDN,NYSE:PAL) losses through the first half of 2012.
Daily Finance reported on North American Palladium’s (TSX:PDN,NYSE:PAL) losses through the first half of 2012.
As quoted in the market news:
North American Palladium has had a tough time of it for a while now. In 2011, steadily dropping palladium prices helped contribute to a 65% fall for the stock. Because North American Palladium’s production costs are fairly high, the company is especially vulnerable to lower bullion prices, and even minimal further declines over the past six months have exacerbated the problem and sent the stock to levels it hasn’t seen since the depths of the financial crisis three years ago. Moreover, its Vezza gold mine, which is scheduled to start commercial production at the end of the month, faces falling gold prices as well.