North American Palladium Ltd (New) PALDF

Metals & Mining Industrial Metals & Minerals

North American Palladium Ltd is a precious metal mining company. The company operates the Lac des Iles palladium mine located in Ontario, Canada, which is one of only two primary producers of palladium in the world. The group believes there is exploration upside near this location, and the limited number of primary palladium production areas also offers investors exposure to palladium prices. The company generates the majority of its revenue from metal sales, including gold, nickel, copper, pall

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North American Palladium Ltd (New)

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Post by Kelso99on Mar 07, 2019 12:14am

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Post# 29453485

Stillwater

Apologies to everyone who knows this story much better than I do; I am new to it. I notice the only other PGM mine in NA was acquired for 14.0x EBITDA at the end of 2016.

https://www.prnewswire.com/news-releases/sibanye-to-acquire-stillwater-mining-company-for-22-billion-300375883.html

A bit more of an aside, but Wheat Precious Metals also showed interest, paying $500M for the gold stream and a 4.5% palladium stream.

https://www.wheatonpm.com/streams/Stillwater/default.aspx

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