Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Mining Weekly reports that Toronto-based North American Palladium expects palladium production from its Lac des Iles mine, in Ontario, will increase 75% this year. However, delays in developing a ramp to access the new zone mean that some pre-production ore previously targeted for this year will now shift to 2012, and production from a new shaft will begin in the third quarter of next year, rather than the second.
