CAPITAL MARKETS

Disappointment at Grass Valley

PAN Palladium shares fell over 9% this morning after the company admitted to less than impressive results from an advanced phase pre-feasibility study at the Grass Valley PGM and nickel project in South Africa.

Brad Ricks

Pan Palladium said despite metallurgical work demonstrating higher recoveries, increased estimated capital costs and operating costs resulted in a low internal rate of return. “Under current assumptions...

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