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AMEX TO OPEN OPTIONS TRADING ON AMEX-LISTED HEMLO GOLD MINES

 NEW YORK, June 14 /PRNewswire/ -- The American Stock Exchange today announced it will open options trading on the Amex-listed stock of Hemlo Gold Mines Inc. (ticker symbol: HEM) on Tuesday, June 15.
 Headquartered in Toronto, Ontario, Hemlo Gold Mines is one of the lowest cost gold producers in North America. The company owns and operates the Golden Giant Mine near Marathon, Ontario, and a majority of the Silidor Mine in Quebec.
 HEM will open with strike prices of 5, 7-1/2 and 10 and position limits of 3,000 contracts. Initial expiration months will be July, August and November of 1993 and February of 1994. Spear, Leeds and Kellogg will be the specialist unit for the new options.
 The Amex trades a total of 330 stock options, including 88 options on over-the-counter stocks, as well as 43 LEAPS (tm) (Long-term Equity AnticiPation Securities). In addition, options are traded on six broad- market indexes-- the Major Market Index (XMI), the XMI LEAPS(tm) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), the Japan Index (JPN) and the EUROTOP 100 Index (EUR)-- as well as six industry based indexes-- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(tm) Index (DGL), The Biotechnology Index (BTK), and the BTK LEAPS (tm) Index (BKL).
 -0- 6/14/93
 /CONTACT: Kathleen Fitzpatrick, manager, Derivative Securities Communications of Amex, 212-306-1697/
 (HEM)


CO: Hemlo Gold Mines Inc. ST: Ontario IN: MNG SU:

PS -- NY040 -- 1556 06/14/93 10:46 EST
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Publication:PR Newswire
Date:Jun 14, 1993
Words:256
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