• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • WORLD EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • WORLD EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    market news

    North American Palladium Announces Plans for Increased Production and Longer Mine Life at the Lac des Iles Mine

    Melissa Shaw
    Jun. 07, 2017 08:35AM PST
    Precious Metals Investing

    North American Palladium (“NAP” or the “Company”) (TSX:PDL)(OTC PINK:PALDF) is pleased to announce the results of a feasibility study including a new Life Of Mine (“LOM”) plan for its Lac des Iles mine property (“LDI” or the “Property”) in northwestern Ontario. Highlights of the Feasibility Study: 37.7 million tonnes mined from surface and underground sources …

    North American Palladium (“NAP” or the “Company”) (TSX:PDL)(OTC PINK:PALDF) is pleased to announce the results of a feasibility study including a new Life Of Mine (“LOM”) plan for its Lac des Iles mine property (“LDI” or the “Property”) in northwestern Ontario.
    Highlights of the Feasibility Study:

    • 37.7 million tonnes mined from surface and underground sources with an average grade of 2.21 g/t palladium containing 2.68 million ounces of palladium
    • A 9.5 year mine life averaging 10,860 tonnes per day and 214,400 payable ounces palladium per year
    • Average mill operating rate of approximately 12,250 tonnes per day, producing an average of 237,000 payable ounces palladium per year during full production

    Jim Gallagher, President and CEO of North American Palladium, said:

    “We are pleased to be able to announce this substantial increase in total tonnes and ounces to be produced at the Lac des Iles Mine. The economics are robust with an all-in sustaining cost of US$527 per ounce, an EBITDA of just over $1 billion and positive free cash flow over the entire life of mine totaling $678 million.
    The operational turnaround at LDI is now largely complete with SLS mining giving us higher and more consistent production from the underground mine, a planned return to full time mill operations in the fall of this year, and a resumption of surface mining early next year.”

    Click here to read the full text release.


     
    north american palladiumtsx:pdlmine lifemarket news
    The Conversation (0)

    Go Deeper

    AI Powered
    Canada Nickel Announces New Nickel Discovery at Midlothian Property with Larger Potential Footprint than Flagship Crawford Property

    Canada Nickel Announces New Nickel Discovery at Midlothian Property with Larger Potential Footprint than Flagship Crawford Property

    LaFleur Minerals CEO Paul Ténière.

    LaFleur Minerals Targets 2026 Production with Funded Drilling and Mill Restart Planning Underway

    Latest News

    Quarterly Activities/Appendix 5B Cash Flow Report

    Quarterly Activities/Appendix 5B Cash Flow Report

    Quarterly Activities & Cashflow Report

    Kobold to advance Konkola West Project Agreement to Stage 2

    FORTUNE BAY ANNOUNCES CLOSING OF C$8 MILLION BOUGHT DEAL PRIVATE PLACEMENT

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES