Palladium Top Stories

Palladium deficit to widen, Nornickel says as net profit jumps 81%

Nornickel's first-half net profit jumped to $3 billion as London…

Implats expects annual profit helped by metals prices

Gross profit is expected to rise to 6.8 billion rand…

Latest Stories

General Director of MMC Norilsk Nickel meets South African President

Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of MMC Norilsk Nickel (the Company) met with the President of the Republic of South Africa Jakob Zuma in RSA. The meeting was held as part of the General Director's business visit to the Republic of South Africa. The parties discussed further development of the Company's projects in RSA.

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Physical, ETF Demand Sustains Gold

Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to […]

Quake aftermath: Gold futures rise; palladium, platinum fall

Gold futures rose for the second straight session as Japan’s strongest earthquake on record boosted demand for a haven asset, reports Bloomberg. Palladium fell for an eighth straight session, the longest slump since July 2008. Equities declined worldwide as officials said the death toll from the earthquake and tsunami may top 10,000. Technicians tried to contain damage from a second explosion at a nuclear plant north of Tokyo.

Franconia Minerals Shareholders Approve Arrangement With Duluth Metals

Franconia shareholders have approved an agreement whereby Duluth will acquire all of the outstanding common shares of Franconia, and Franconia will become a wholly-owned subsidiary of Duluth. Franconia's assets are expected to be rolled into Twin Metals Minnesota LLC, a Duluth (60%) and Antofagasta plc (40%) joint venture.

Mapping project by British Columbia Geological Survey identifies “unprecedented opportunities” in new zones and offers insights in Romios’ Dirk/Newmont Lake area Geology

Romios Gold Resources announced that a 2010 mapping project from the British Columbia Geological Survey confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.

Stillwater Mining reports highest earnings in a decade

Stillwater Mining Company today reported 2010 net income of $50.4 million, or $0.51 per diluted share, on revenues of $555.9 million. Contributing to the net income in 2010 were higher PGM prices and a recovery in recycling volumes, along with continued focus on productivity and controlling costs.