Struggles Continue at North American Palladium

Financial Post reported it has been a rough year for North American Palladium Ltd. (TSX:PDL,NYSE:PAL).

As quoted in the market news:

While production at the company’s Lac des Iles palladium mine was in line with his forecast, he sees ongoing struggles at the Sleeping Giant gold mine. It produced about 3,000 ounces of gold at astronomic cash costs of US$1,869 an ounce (though there was a maintenance shutdown in the quarter). He was expecting 4,400 ounces at cash costs of US$1,485 an ounce.

Stifel Nicolaus Analyst, George Topping said:

We consider production risks to be high and continue to recommend palladium ETFs as a safer way to gain palladium exposure.

Click here to read the full Financial Post report.