IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
North American Palladium hit a new 52-week high of $7.62 so far this week, in part because the market has gone gaga for all things palladium. The company’s shares had been showing support around $6.69 and resistance in the $7.45 range, but investors continue to push palladium-minded stocks higher in the belief that growing demand for PGMs, or platinum group metals, will continue to be ramped up.
North American Palladium released a PowerPoint presentation in December, which has its take on what’s in store for the global market, especially as the dynamics of the car and light truck markets continue to change.
Here are a few slides in the presentation.
In order to see the rest of North American Palladium’s take on the global palladium market, please go to the presentation on its website.
This is what the company’s about: NAP is a Canadian diversified precious metals company focused on growing its production of palladium and gold in mining-friendly jurisdictions. As an established producer, the Company operates its two 100%-owned mines in Canada and has a robust pipeline of growth projects near its mine sites.
The presentation also summarizes progress-to-date for its Ontario-based LDI mine (nickel-copper-PGMs, or Platinum Group Metals) and its Sleeping Giant gold mine in Quebec.
