Skip to content
About | Contact | Advertise | Manage Subscriptions
  1. Home
  2. Around the North

North American Palladium closes acquisition of Cadiscor Resources

North American Palladium announced May 26 of the completion of Cadiscor Resources in an all-share transaction. Under the deal, Cadiscor shareholders will receive 0.33 common shares of NAP for each common share of Cadiscor.
Northern Ontario Business Staff

 
North American Palladium announced May 26 of the completion of Cadiscor Resources in an all-share transaction.

Under the deal, Cadiscor shareholders will receive 0.33 common shares of NAP for each common share of Cadiscor.

NAP President/CEO William Bigger said the acquisition is an “important first step” into becoming a diversified metal producer.

The miner has already added the Sleeping Giant gold mine in the Abitibi region of Quebec which is in near-term production. The mine will be restarted in the fourth quarter of this year with annual production pegged at 50,000 ounces of gold.