North American Palladium Ltd. (TSX: PDL, NYSE MKT: PAL), founded in 1968 as Madeleine Mines Ltd., is a mining company with headquarters located at Toronto, Canada. Renamed to its current title in June 1993, the company primarily mines and explores for palladium but also for gold. Platinum, silver, nickel, and copper are mined as by-products. The companys principal operations are located in Canada, with the Ontario Thunder Bay District holding the Lac des Iles palladium mine. On October 21, 2008, the Lac des Iles mine was placed on "care and maintenance" due to declining metal prices. It was reopened on October 13, 2010. On May 26, 2009, the company acquired the Sleeping Giant gold mine through the acquisition of Cadiscor Resources Inc.