IOCC GOLD OPTIONS (October 16, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .120 9.002,920 Nov 370 C * 29 4.502,001 Nov 380 C * 73 1.203,103 Nov 400 C .252 0.502,528 Feb 380 C * 60 8.00 546 Feb 390 C * 93 5.25 490 Feb 400 C *…
News
Toronto Stock Exchange Indices (October 16, 1989)
1989 Oct 10Oct 9Oct 6Oct 5Oct 4HIGH LOW Composite “300”4025.35Holiday4037.834023.054019.744037.833353.13 Metals & Minerals3727.94Holiday3748.873781.603774.763919.203207.50 Integrated mines3898.51…
People (October 16, 1989)
SIEMONT RESOURCES–Charles P. Neild appointed president.
Ned Goodman at CIM
Ned Goodman, the chairman and founder of Corona Corp., one of Canada’s largest gold producers, will be the guest speaker at the Canadian Institute of Metallurgy — Toronto Branch luncheon on Oct 19. S…
Perrex flow-through
Calgary-based Perrex Resources recently entered into an agreement with NIM Resource — 1989 and Co. Ltd. in which Nim is subscribing for $500,000 common shares of Perrex. Proceeds of the subscription …
Bond International takes big loss
A combination of recent asset sales and writedowns have taken their toll on Bond International Gold (TSE) which has reported a big loss for its fiscal year ended June 30. The company recently reported…
Hycroft acquires new Nevada project
Already a substantial producer at the Lewis and Crofoot mines in Nevada, Hycroft Resources & Development (VSE) has secured an option to explore the Rein-O-Gold property, 20 miles southwest of Winnemuc…
Producers don’t fear GST but effect on inflation unknown
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this analysis, tax specialists Barry Dent and Jo…
Orcana, Denn’or planning to drill Val d’Or claims
Toronto-based Orcana Resources (VSE) and Exploration Denn’or (ME) are attempting to raise the money needed to finance an exploration program at two properties in the Val d’Or, Que., mining camp. One o…
Alberta Stock Exchange Northfield active
Toronto-based Northfield Minerals continues to benefit from its new association with mining contractor Dynatec Mining, judging by trading activity this week. Northfield has been active since Dynatec C…
Exploration potential of U.S. “second to none” says Placer
For Placer Dome U.S., a unit of Placer Dome (TSE), the challenge is to find or acquire gold prospects on home turf. North America, in many gold investors’ opinion, is where their investment will be sa…
Clive Brown named Belmoral president
Struggling gold producer Belmoral Mines (TSE) has a new president and a new exploration chief. R. C. Brown, a company director and former president of Belmoral, has been named president, replacing Ken…