Palladium miners post big gains26 Nov 2010 15:35
"Another palladium producer, Sylvania Resources, saw the PGM production increase by almost a third during the first quarter of its 2011 financial year.
The company announced that output totalled a record 8,758 oz, representing a 32 per cent rise from the previous three-month period. Sylvania had initially predicted that it would produce 8,000 oz, but the final figure was boosted by an extra 137 oz of PGMs being received following refinery corrections.
The impressive performance is also being attributed to operations commencing at the R97 million Doornbosch PGM and chrome recovery plant, plus ongoing improvements at the firm's other four plants.
Sylvania is now targeting PGM production of 40,000 oz for the full financial year to the end of June 2011.
Palladium’s price point has risen nearly 50 percent during 2010, nearly twice that for gold and three times that for platinum, palladium’s chemical cousin.
Price’s for palladium are reaching their highs for the decade, and these levels would be a record had not the market been distorted back at the turn of the millennium."
Source: http://www.commodityonline.com/news/Palladium-miners-post-big-gains-33173-3-1.html