North American Palladium lifts Lac des Iles reserves and resources

Canadian palladium producer North American Palladium (NAP) rose almost 19% on Wednesday on the TSX after it reported sizeable increases to both the compliant reserves and resources at its flagship Lac des Iles property, in north-western Ontario. The Toronto-headquartered company reported reserves of 20.4-million tonnes at a grade of 2.1 g/t and resources of 71.5-million tonnes at a grade of 2 g/t, reflecting 5.9-million ounces of contained palladium.