IOCC GOLD OPTIONS (May 22, 1989)
Options Open Series Volume Last Interest Aug 370 C 61 5.20 309 Aug 390 C 264 6.50 1,091 Aug 400 C 661 4.10 2,595 Aug 420 C 345 1.50 1,6…
News
Photo (May 22, 1989)
Canadian Diamond Drillers Association President Dick Kemshall, left, present s the George Lemay safety award for Class A companies, surface drilling, to Wallace Bradley of Bradley Bros. Limited of Rou…
FMC first in North America in return on investment
Ranked first among major North American gold producers in return on investment, FMC Gold Company also had one of the lowest cash costs of any gold company in the world last year. Addressing the compan…
Drillers’ association helping industry since inaugural meeting in
While the Canadian Diamond Drilling Association (CDDA) has been in existence for more than half a century, diamond drilling has been an on-going concern for more than 125 years. The first machine was …
Continental drilling program develops leading technology
In the Canadian mining industry, diamond drill holes more than 1,000 ft are considered deep, but compared to holes being drilled for scientific information elsewhere in the world, that’s barely scratc…
Toronto Stock Exchange Low inflation scenario batters gold issues
Traders continued their scramble to get back into the market after the news last week that the U.S. producer price index had risen by less than expected. The result was a 94-pt hike in the composite …
Bulk sampling increases Eagle River reserves]]
Initial results from bulk sampling completed on the Eagle River property by Hemlo Gold Mines suggest that gold values are higher than that estimated by drilling. Central Crude Ltd. (TSE) holds a 40% i…
Profitable trading at yesterday’s price
Buy metals at yesterday’s price whenever you please. It’s like printing money. Ridiculous, you may say. Well, I did just that for several years. This is how it happened — a continuous, quiet routine …
Problems at Nickel Plate continue for Corona Corp.
While the Nickel Plate gold mine in British Columbia continues to cause problems, the on-going message of Corona Corp. (TSE) for the entire company is one of good growth potential in low-cost precious…
900-million Porgera project gets green light
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
Bunker Hill profits hinge on running near capacity
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…
Stronger dollar affects earnings of Hemlo Gold
A stronger Canadian dollar was partly to blame for reduced earnings during the first quarter of this year, Hemlo Gold Mines (TSE) reports. The company, controlled by Noranda Inc. (TSE), says it receiv…