North American Palladium Ltd. is a former Canadian mining company that operated between 1968 and 2019 and that since 1993 operated the Lac des Iles mine in the Lac des Îles igneous complex of the Thunder Bay District of Ontario. The company primarily mined and explored for palladium but also for gold. Platinum, silver, nickel, and copper are mined as by-products. The company was listed on the Toronto Stock Exchange but was acquired by Impala Platinum in 2019.
History
North American Palladium was founded in 1968 as Madeleine Mines Ltd. and was renamed to its current name in June 1993.[1] The Lac des Iles mine began as an open pit mine in 1993. A new mill was commissioned at the mine in 2012, with mine's production rate increasing following that. Underground operations at Lac des Iles started in 2006.[2] On October 21, 2008, the Lac des Iles mine was placed on "care and maintenance" due to declining metal prices.[3]