IOCC GOLD OPTIONS (April 24, 1989)
Options Open Series Volume Last Interest May 390 C 1,417 5.00 1,556 May 400 C 2,429 2.20 3,690 May 420 C 1,540 0.60 2,773 May 440 C 333 0.30 2,30…
News
LAC plans `slower, safer’ spending
With LAC Minerals (TSE) not expected to improve on its record 1988 gold production of 319,407 oz gold production until 1990, a quieter year for the company is expected in 1989. President Peter Allen t…
BHP-Utah drilling Caprock property
A large follow-up drill program is planned by BHP-Utah International on Caprock Corp.’s (NASDAQ) North Park polymetallic property in Colorado. Caprock says results from a recently completed work progr…
Aur suing over Louvem deal
Foiled in its attempt to gain control of Louvem Inc. (TSE), Toronto- based Aur Resources (TSE) is taking to court Louvem and the Quebec gold producer’s major shareholder, St. Genevieve Resources (TSE)…
Minerals division shines for Noranda
The minerals division of resource giant Noranda Inc. (TSE) exceeded all expectations last year, making minerals a close second to Noranda’s forest products division in terms of earnings, says the comp…
Alberta Stock Exchange Bryndon gains ground
Exploration results at the Rossland gold project in southern British Columbia have yet to live up to the predictions of Bryndon Ventures’ President Bernard Brynelsen. The 77-year-old discoverer of Bre…
Trader completes drilling
A diamond drill program has been completed by Trader Resources (TSE) on a gold property in Macklem Twp., east of Timmins, Ont. Recommendations as to the size and scope of future exploration work will …
Montreal Exchange Stratmin moves up
Canada’s most profitable mining company was the most active issue on the Montreal Exchange this week. Inco gained a dollar to close at $36.12 on 400,000 shares traded as it reported first-quarter net …
Second life for old mine
A zinc-copper mine in eastern Nevada could be up and running again this year after a 109-year shutdown. The Ward Mountain property, which can trace its beginnings back to 1870, was operated for 10 yea…
DRX calls meeting of McFinley Mines
New York-based DRX Inc. (NASDAQ) has called for a special meeting of shareholders of McFinley Red Lake Mines (TSE) in Toronto, June 12. DRX, which controls over 800,000 common shares of McFinley, r…
Asquith completes Shining Tree work
An exploration program consisting of 21 diamond drill holes has been completed by Asquith Resources (COATS) on the company’s Shining Tree, Ont. gold properties. On the Buckingham mine claims, the comp…
Falconbridge to exhaust reserves at Owl Creek bet
Reports that one of Falconbridge Gold’s (TSE) two producing gold mines will run out of ore later this year should not be construed as cause for alarm, says Chairman Brian Ferguson. Open pit reserves a…