Our Company

The first 25 years

North American Palladium (NAP) is the world’s only pure play palladium producer. Since we began producing palladium in 1994 at our Lac des Iles Mine northwest of Thunder Bay, Ontario, we have become one of Canada’s largest underground mining companies.

With growing production and revenues, significant positive cash flow and increasing shareholder returns, we are leading our team of 700 strong into the future on a track record of growth, exploration, innovation and profitability.

Ideally positioned for growth

As global emissions standards become stricter, demand for palladium is hitting record highs and supply remains tight. Palladium is the primary catalyst in catalytic converters – it helps vehicles run cleaner. North American Palladium is well positioned to deliver for the market and its shareholders.

Our underground mine expansion project is on track to deliver 12,000 tonnes per day (tpd) by 2021 (from 6,200 tpd in 2018). Because we are seeking to further develop ares of the mine where significant development is already in place, this project can be completed in a relatively short period of time and at a low-cost.

Long-Term exploration potential

Our Lac des Iles Mine features a unique ore body, modern infrastructure, advanced underground technologies and a world-class exploration portfolio.

While palladium is our focus, excellence and exploration are our underlying drivers. NAP has other high-potential properties in northwestern Ontario and a long-term strategy to build an inventory of high-quality Platinum Group Metal assets.