North American Palladium (PAL -18%) plummets after saying "preliminary findings [at the Lac des...

|About: North American Palladium, Ltd (PAL)|By:, SA News Editor

North American Palladium (PAL -18%) plummets after saying "preliminary findings [at the Lac des Iles mine] identified some negative trends [and] management believes that the low end of … production guidance will be difficult to achieve." Furthermore, operating cash flows probably won't support planned capex and as a result, the company will likely have to tap the debt and/or equity markets this year. (PR)