Mon, May 28, 2012, 2:55 PM EDT - U.S. Markets closed for Memorial Day

North American Palladium to discontinue production at Sleeping Giant Mine

Theflyonthewall.com – Tue, Jan 17, 2012 8:29 AM EST

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PAL2.360.02

The company is discontinuing production at Sleeping Giant due to insufficient operating margin, resulting in a non-cash impairment charge on gold assets of approximately $50 million.

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2 comments

  • Socrates
    Socrates  •  Milwaukee, Wisconsin  •  4 months ago
    PAL's Sleeping Giant mine just put to sleep. The Fools look foolish. Sorry guys, we thought your assessments were based on more timely info.

    Furthermore, palladium is precious but apparently not precious enough for the auto industry. Cheaper catalyst materials seem to be taking its place. Since Pal's uses outside the catalyst industry are negligible, PAL's futures may be dim.
  • robert
    robert  •  Homewood, Illinois  •  4 months ago
    More good news
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