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Thema: PAL,WKN:858071,North American Palladium $ North American Palladium steigert Produktion und Umsatz $

  1. #1

    Dabei seit

    PAL,WKN:858071,North American Palladium $ North American Palladium steigert Produktion und Umsatz $

    PAL,WKN:858071,North American Palladium $
    North American Palladium steigert Produktion und Umsatz $

    PAL - WKN 858071 - North American Palladium Aktie $
    North American Palladium steigert Produktion und Umsatz
    North American Palladium steigert Produktion und Umsatz
    North American Palladium Limited gelang im vergangenen Jahr eine Steigerung seiner zahlbaren Palladiumproduktion um 29% auf 174.194 Unzen. Dies teilte das Unternehmen in dieser Woche mit. Für 2015 wird derzeit ein weiterer Produktionsanstieg auf 185.000 bis 205.000 Unzen anvisiert.

    Auch der Umsatz erhöhte sich im Vergleich mit dem Ergebnis aus dem Jahr 2013 deutlich und verzeichnete mit 220,1 Mio. CAD ein Plus von 66,9 Mio. CAD bzw. 44%.

    PAL - North American Palladium
    North American Palladium's vision is to become a low cost, mid-tier precious metals company operating in mining friendly jurisdictions. NAP is an established precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada since 1993. LDI is one of only two primary producers of palladium in the world, and is currently undergoing a major expansion to increase production and reduce cash costs per ounce. NAP's experienced management and technical teams have a significant commitment to exploration and are dedicated to building shareholder value.

    Der Gewinn aus dem Minenbetrieb belief sich auf 21,9 Mio. CAD, verglichen zu einem operativen Verlust von 0,8 Mio. CAD im vorangegangenen Jahr. Gleichwohl wurde in den zwölf Monaten bis 31. Dezember 2014 ein Nettoverlust von 66,7 Mio. CAD bzw. 0,20 CAD je Aktie verzeichnet, was gegenüber dem Verlust von 46,2 Mio. CAD in 2013 eine Verschlechterung darstellt, die auf nicht zahlungswirksame Posten in Höhe 60,9 Mio. CAD zurückzuführen ist.

    Das EBITDA erreichte 2014 23,4 Mio. CAD. Auf bereinigter Basis belief sich dieses auf 50,0 Mio. CAD.

    Zum Ende letzten Jahres verfügte North American Palladium über Barmittel und Barmitteläquivalente in Höhe von 4,1 Mio. CAD.

    © Redaktion MinenPortal.de
    WKN: 858071
    ISIN: CA6569121024
    Symbol: PAL
    Typ: Aktie


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    Warren Buffet/Berkshire Hathaway To Purchase North American Palladium (PAL) Within 90 Days Ventures

    Warren Buffet/Berkshire Hathaway To Purchase North American Palladium (PAL) Within 90 Days Ventures Sierra Equity
    Latest Projections: Berkshire Hathaway To Purchase North American Palladium (PAL) Within 90 Days Ventures Sierra Equity. Shares of PAL finished higher up over 18% during Wednesday's session. Check back as Sierra follows her leads, look for the official news, when it breaks remember Sierra called this first!


    GLTA Longs $$$

  5. #5

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    PAL - N.A. Palladium releases Lac des Iles expansion PEA $

    2015-02-26 07:02 ET - News Release

    Mr. Phil du Toit reports


    North American Palladium Ltd. has released the positive results of the technical report for the Lac des Iles mine, Ontario, incorporating a preliminary economic assessment of the mine expansion plan.

    NAP commissioned the 2015 PEA in mid-2014 to evaluate the results of an ongoing diamond drilling program and to update and re-scope the economic potential of the large mineral resource at LDI. The change in the exchange rate between the Canadian and U.S. dollar and improved palladium prices have increased the potential for exploitation of the mineral resource that, as of February 2015, consists of 71.5 million tonnes of measured and indicated resources at 1.98 g/t Pd and 15 million tonnes of inferred resource at 2.7 g/t Pd. Table 1 below provides a brief, high-level summary of the Company's mineral reserve and mineral resource estimates. Please refer to NAP's February 25, 2015 news release that provides additional details of the Company's estimated mineral reserves and mineral resources.

    Table 1

    Table 1

    RESOURCES Tonnes Pd Pt Au Ni Cu Contained
    Category (000's) (g/t) (g/t) (g/t) (%) (%) (000's oz)

    Total Proven Reserves 16,259 1.76 0.16 0.13 0.07 0.04 918

    Total Probable Reserves 4,108 3.61 0.26 0.25 0.10 0.09 477

    Total Proven + Probable
    Reserves 20,367 2.13 0.18 0.16 0.08 0.05 1,395

    Total Measured Resources 43,080 1.83 0.20 0.13 0.07 0.05 2,532

    Total Indicated
    Resources 28,388 2.20 0.21 0.16 0.08 0.06 2,011

    Total Measured +
    Indicated Resources 71,468 1.98 0.20 0.14 0.07 0.06 4,543

    Total Reserves and
    Measured & Indicated
    Resources 91,835 2.01 0.20 0.14 0.07 0.05 5,938

    Total Inferred Resources 15,039 2.67 0.20 0.17 0.08 0.07

    As released on February 25, 2015

    Work on the 2015 PEA was carried out pursuant to the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Project ("NI 43-101") and was conducted by the independent engineering firm Hatch Ltd., under the direction of Jim Gallagher, P. Eng., Chief Operating Officer of NAP.

    The work completed in the 2015 PEA supports the following conclusions:

    -- The Base Case is current operations with the addition of an open pit expansion ("Base Case"). The Base Case extends the life of mine to 2029 and results in an after tax net present value ("NPV") of $593 million at a 5% discount rate. -- The Base Case scenario indicates the following: -- The current operations contribute 23 million tonnes at an average grade of 2.1 g/t palladium to the production plan and results in an after tax NPV of $457 million at a 5% discount rate; -- The open pit expansion, with additional underground footwall material mined, requires project capital of $58.6 million, contributes 39 million tonnes at an average grade of 1.3 g/t palladium to the production plan and results in an after tax NPV of $136 million at a 5% discount rate, representing an after tax internal rate of return of 30%; -- The Base Case consists of 62 million tonnes of mineralized material at an average grade of 1.6 g/t Pd; and -- Using the Base Case economic assumptions, there is no negative cash flow throughout the mine life.

    "The strong rate of return for the Base Case plan, a mine life of approximately 15 years and a NPV of almost $600 million is a very positive development for the Company," said Phil du Toit, President and Chief Executive Officer. "Given that nearly all of the mineral resources for the pit expansion project are measured or indicated, we will be able to move quickly to evaluate the Base Case at a prefeasibility level."

    Figure 1 shows the current underground mine plan above the 1065 level, the potential open pit expansion, as well as the expansion potential below the 1065 level of the Offset Zone ("Phase 2") discussed below under opportunities.

    To view Figure 1 Click here: http://media3.marketwire.com/docs/993989-F1.pdf

    Figure 2 shows the tonnes mined and milled per day over the projected Base Case life of mine by location of mineralized material exploited.

    To view Figure 2 Click here: http://media3.marketwire.com/docs/993989-F2.pdf

    Opportunities to Enhance the Base Case -- A potential Phase 2 shaft deepening project currently includes 10.9 million tonnes of 3.3 g/t Pd mineralized material below the 1065 Level. -- Project capital for Phase 2 is estimated to be $242.2 million generating an after tax internal rate of return of 7% and a $22 million NPV at a 5% discount rate using the Base Case economic assumptions. -- These preliminary positive results indicate that further exploration and definition drilling is warranted as the addition of mineralized material will greatly improve Phase 2 economics.

    "We are encouraged by the opportunities to enhance the Base Case with the Phase 2 expansion of the Lower Offset Zone," added Mr. du Toit. "In parallel with our ongoing drilling program at depth, we will continue to optimize engineering for Phase 2 to help ensure the best business case is developed as and when the resource is better defined."

    "The exploration program for Phase 2 is only partially complete and we already have a potential project with a positive rate of return," said Jim Gallagher, Chief Operating Officer. "We continue to drill to expand and upgrade the resource below the 1065 Level."

    Economic Evaluation

    The economics for the LDI expansion options were evaluated through an after-tax discounted cash flow model. The open pit and Phase 2 expansion scenarios were evaluated independent of each other in order to assess the individual potential economic benefits. The key model assumptions and financial results, project returns and cash flows are presented below.

    Given the large lower grade resource at the LDI site and the potential to convert this mineralized material into a life of mine plan of 15 years or greater, NAP concluded that using long-term consensus pricing was appropriate. NAP compiled a commodity price and exchange rate forecast from a variety of banks and market analysts. The consensus prices are summarized in the table below and are used in the Base Case and Phase 2 analysis.

    Table 2

    Price Unit 2016 2017 2018 2019+

    Palladium USD$/oz 901 935 948 855

    Platinum USD$/oz 1,440 1,543 1,600 1,611

    Gold USD$/oz 1,265 1,253 1,246 1,275

    Nickel USD$/lb 9.31 9.53 10.11 8.87

    Copper USD$/lb 3.11 3.29 3.39 3.01

    Exchange Rate CAD per USD 1.15 1.12 1.11 1.11

    (economic analysis calculated for 2016 onward)

    The strong palladium market is supported primarily by a robust global automotive industry that is anticipated to continue its growth profile for years to come. This strong market outlook supports the use of long-term consensus pricing in the economic evaluation of the Base Case and Phase 2.

    Financial Results

    A summary of the financial results is shown in Table 3 below.

    Table 3

    Base Case
    LOM Totals Units Current Open Pit (Current Plan Phase 2
    (2016 and beyond) Plan Expansion + Open Pit)

    Production kt 23,022 38,959 61,981 10,857
    Pd (g/t) g/t 2.11 1.28 1.59 3.27

    Pd Recovery % 81.2% 75.9% 78.5% 84.6%

    Pd Recovered oz 1,267,661 1,220,638 2,488,299 963,822

    Pd Payable oz 1,147,233 1,104,677 2,251,911 872,259

    Net Smelter Return CAD $M 1,398 1,467 2,865 981

    Total OPEX CAD $M (815) (987) (1,801) (533)

    EBITDA CAD $M 584 480 1,064 448

    CAPEX CAD $M (94) (196) (289) (285)

    Pre Tax Cash Flow CAD $M 545 284 830 164

    Taxes CAD $M (24) (36) (60) (45)

    After Tax Cash Flow CAD $M 521 249 770 119
    After Tax NPV @5% CAD $M 457 136 593 22

    After Tax IRR % 30% 7%

    Financial Evaluation of Cash Flows for the Base Case

    The LDI level cash flow for the Base Case is illustrated in Figure 3 below.

    To view Figure 3 Click here: http://media3.marketwire.com/docs/993989-F3.pdf

    Low Risk Relative to Other PGM Expansion Projects

    The execution risk for the development of the proposed Base Case mining plan is much lower than that of a greenfield project for a number of reasons, including: -- LDI is located in one of the world's most mining friendly jurisdictions near established regional infrastructure; -- The expansion is an extension of an existing mine that has been operating for more than two decades and has fully developed infrastructure in place; -- LDI has an existing shaft and an operating mill with excess capacity, known recoveries and a permitted tailings facility with long-term expansion capability; -- The operating team and senior management are experienced and have successfully managed projects of similar size and complexity in the past; -- The Company has long-established and positive relations with the regional First Nations communities. -- As in any mining project there are risks associated with geological interpretation and geo- mechanics. Since LDI is an operating mine, many of these risks are understood but will require further analysis at the next level of study.

    Moving Forward

    Based on the 2015 PEA study, next steps for the Company include: -- Commence a pre-feasibility study on the Base Case, that includes the open pit expansion and selective mining of the footwall zones. -- Investigate opportunities of accelerating certain of the higher grade open pit areas that exist within the shell of the open pit expansion. -- Conduct exploration and definition drilling at depth to upgrade and expand the Offset Zone resource to improve the business case for a Phase 2 shaft deepening. -- Perform engineering optimization studies for Phase 2.

    The NI 43-101 Technical Report for the Lac des Iles Mine, Ontario, Incorporating a Preliminary Economic Assessment of the Mine Expansion Plan will be filed on SEDAR and on the Company's web site at www.nap.com on or before March 31, 2015.

    Technical Information and Qualified Persons

    The content of this news release has been reviewed and approved by Dave Peck, P.Geo., the Company's Vice-President, Exploration, an employee of NAP. Robert Duinker, P. Eng., Senior Consultant at Hatch Ltd., has reviewed and approved the disclosure of the economic evaluation and cash flow estimates. Brian Young, P. Eng., Senior Mining Consultant at Hatch Ltd., has reviewed and approved the disclosure of the Life of Mine plan and associated production data for the Base Case and Phase 2 scenarios. Messrs. Peck, Duinker and Young are Qualified Persons as defined in National Instrument 43-101.

    Additional information can be found in NAP's Form 40-F/Annual Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities regulatory authorities, available at www.sec.gov and www.sedar.com, respectively. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

    A Preliminary Economic Assessment ("PEA") is at a scoping level and is therefore preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the conclusions in a PEA will be realized. All economic assessments are calculated at the Lac des Iles mine ("LDI") level and therefore do not include certain costs including, but not limited to, corporate office, interest, financing and exploration expenses.

    2015 PEA Conference Call & Webcast Details

    Date: Thursday, February 26, 2015

    Time: 10 a.m. ET

    Webcast: www.nap.com

    Live Call: 1-866-229-4144 or 1-416-216-4169 (PIN: 8162691, followed by # sign)

    Replay: 1-888-843-7419 or 1-630-652-3042 (PIN: 8162691, followed by # sign)

    The conference call replay will be available for 90 days after the live event. An archived audio webcast of the call will also be posted to NAP's website.

    We seek Safe Harbor.

    © 2015 Canjex Publishing Ltd. All rights reserved.


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