Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Turning palladium into gold Add to ...

North American Palladium is winning fans for plans to add gold production from its current corporate focus on from all-palladium, all the time.

The junior mining company picked up a new gold property in Quebec earlier this week from Agnico-Eagle Mines. That project was added to two existing properties that produce palladium , a metal that's only of value to automakers.

On Thursday, North American Palladium filled its coffers by staging a bought deal financing that was bumped up to $87-million from $75-million in the face of strong demand.

Cormark Securities and Haywood Securities, employee-owned dealers, led the financing. It's the latest in a string of stock sales from small-cap resource companies.

North American Palladium sold units for $5 each that consist of a common share and half a warrant. One full warrant gives the holder the right to buy a share for $6.50.

Report Typo/Error

More Related to this Story

Next story




Most popular videos »

More from The Globe and Mail

Most popular