PALDF - North American Palladium: Fundamental Strength Solidifies The Growth Outlook

Thesis

North American Palladium (PALDF) is a pure play (Figure-1) in the palladium mining space whose mining operations are based on its single mining asset, namely the LDI (read: Lac Des Iles) mine in Ontario, Canada.

Figure-1 (Source: Presentation)

In this article, I have discussed the FY 2018 performance of PALDF. The company has delivered solid performance in terms of both financial and operational performance metrics. PALDF is clearly growing on a Y/Y basis, and based on the healthy mining dynamics of the company's LDI mine, I believe the company is a

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