Today we review North American Palladium. What is North American Palladium? What do they have to offer you (the investor)? Are there better alternatives? This is just a few of the questions we help you answer in this review!
Name of the company: North American Palladium
Official Website URL: https://www.nap.com/corp-home/default.aspx
CEO: Jim Gallagher
Products: Palladium, gold, platinum, silver, nickel, copper, Mining Stocks
North American Palladium (NAP) is a unique mining company that delivers a unique investment experience to its shareholders. This review is aimed to unearth the essential elements of this company that make it outstanding. Below are some of the main areas that shall look into:
– What is North American Palladium about?
– How does this company go about its operations?
– Which products does this company offer?
– Is it genuine?
– Which investment opportunities does it offer?
– Which are the main alternatives to the investment options it presents?
– Which are its main benefits and drawbacks?
What is North American Palladium?
North American Palladium Limited is a Canadian-based mining company that has more than 25 years’ experience in the production of palladium. This experience has come from its activities in the Lac des Iles mine which is located in Ontario. NAP is famous for being the one and only pure-play palladium Production Company in the entire world. It has more 600 employees who work in the Lac des Iles mine which features a very unique ore body.
NAP has deployed modern infrastructure to this mine to take care of the operations in the underground mine as well as the open-pit mine. The infrastructure also supports its operations in its top-notch exploration portfolio. With the experienced senior executive directors and a very supportive majority shareholder base, this company is able to maintain its consistency in being a low-cost, long-term, and sustainable producer of palladium.
How does it work? (operates)
North American Palladium’s mining, operation and exploration potential are a representation of its long term future business objectives. This can be proved by having a look at the Lac des Iles ( LDI) mines which NAP has invested a lot of resources in, as it seeks to hit its set revenue targets.
In 2017, NAP managed to make a transition from the long hole open stopping mining method to the sublevel shrinkage mining methods. The long hole open stopping method had been discovered to leave ore in the remnant pillars and to create ground control issues. Making a transition to the SLS methods has had the following benefits:
– It has increased the total ore recovery rate
– It has lowered the operational costs
– It has significantly raised the rates of production
– It has improved the geotechnical conditions in the mining grounds
North American Palladium is also relying on similar low-cost mining approaches to extract minerals in the upper part of the mine, as it makes progress towards becoming the largest and lowest cost company in Canada conducting its activities in underground mines.
North American Palladium primarily explores and extracts palladium for sale to its customers. It also mines gold, but on a much lesser scale. In the process of mining these two minerals, NAP is also able to extract platinum, silver, nickel, and copper as by-products. Even as by-products, these minerals also contribute to North American Palladium Limited’s overall revenue earnings, as well as its overall growth.
Is it a genuine company?
This company is a legit company, as can be proved by focusing on a number of features about it. Some of the main ones we can look at include:
– It is ran by a team of managers who are famous in the mining sector. The main managers include:
-Jim Gallagher- President and CEO
-Timothy Hill- Vice President, Finance and Chief Financial Officer
-David Peck-Vice President, Exploration.
-Wayne Scott- Vice President of Human Resources, Aboriginal Affairs, and Environment
-Erin Satterthwaite-Vice President Corporate Affairs & Communications
– It has known headquarters in Toronto, Ontario
– NAP was founded in 1968 and has been in operation since then
NAP has its doors open to all investors who would like to try out the stocks it offers. Its stocks are amongst some of the best-priced ones in the entire mining industry. They are offered in the following exchanges:
– Toronto Stock Exchange-traded under the ticker PDL
– NYSE-American Stock Exchange (AMEX) –traded under the ticker PDL
This company’s stock trends depict them as being suitable investment assets. You can confirm this by going through the statistical data presented on Yahoo Finance.
Despite being lucrative investment options, this company’s stocks are prone to major shake-ups from sudden changes in the economic terrain. If one is not well-informed about what to do at such times, they can end up booking massive losses. Investors who rely on Resource Insider stand a better chance at being wealthy since they receive the best tips on when to enter lucrative markets and when to exit. Even those people who are interested in making financial progress by investing in mining stocks can benefit from the tips given through Resource Insider.
Alternatives to North American Palladium stocks
The main objective of doing any investment is usually to grow the value of one’s portfolio of assets. If one is only booking losses then they should consider moving their money to where it can grow. Those who have already invested in physical gold through a precious metal IRA Company, like the popular and professional Regal Assets have already made the right choice. This is because, unlike stocks, the value of gold has been discovered to grow steadily over the long term, to the extent that it is actually used to hedge against losses arising from currency fluctuations. Regal Assets ensures that your physical gold is safely stored, at an affordable fee.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It might be a wise (and recommended) thing to compare the positive sides against the negative ones to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Valuable stocks
– Mines several minerals
– Relies on modern infrastructure
– Has been thriving for many years
– It offers stocks that are not immune to major price drops as a result of the unstable state of the economy.
Do You Own or represent North American Palladium?
If you are a representative, or associate of North American Palladium and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of North American Palladium pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of North American Palladium to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com