MINING MARKET & INVESTMENT NEWS – INSIDER TRADING — Agnico-Eagle execs come alive

According to insider trading transactions reported by the Ontario Securities Commission in its OGS Bulletin, eight executives of Agnico-Eagle Mines (AGE-T) purchasing shares in that company in October.

Sean Boyd, director, bought 24,500 shares at $7.20-9.80 to hold 30,333; Dobbs Irving, director, bought 1,000 shares at $7 to hold 6,541; David Garofalo, officer, bought 12,936 shares at $7.35-7.90 to hold 13,748; Alan Green, director, bought 12,000 shares at $7.70-8.50 to hold 72,000; Milton Klyman, director, bought 11,400 shares at $7.80-9.25 to hold 11,941; Bernie Kraft, director, bought 11,500 shares at $7.25-9.40 to hold 11,941; Barry Landen, officer, bought 18,000 shares at $7.80-8.00 to hold 30,830; James Nasso, director, bought 10,500 shares at $7.85-8.00 to hold 11,041; and Ebe Scherkus, officer, bought 15,400 shares at $7.40-9.90 to hold 17,263.

Other recent insider transactions reported by the OSC include the following:

• Ambrex Mining (AMBX-C) — Robert Ciccarelli, owner of more than 10% of the company, exercised 10.88 million rights indirectly at 8 cents to hold 15.96 million shares, and John Iannozzi, director, excercised 354,750 rights indirectly at 8 cents to hold 1.35 million shares indirectly and 254,239 shares directly.
• Cathedral Gold (CAT-T) — Richard Jones, director, sold 55,363 shares indirectly at 15-20 cents to hold 244,687 shares indirectly.
• Cumberland Resources (CBD-T) — Comaplex Minerals, formerly owner of more than 10%, bought 36,000 shares at $1.65-1.75 to hold 1.66 million shares, or 6.2% of the company.
• Pan American Resources (PAN-M) — Elia Crespo, officer, sold 55,000 shares indirectly at 10 cents to hold 753,062 shares indirectly and 26,711 shares directly, and Arthur Griffis, director, sold 145,000 shares indirectly at 8-10 cents to hold 1.63 million shares indirectly and 596,480 shares directly.
• Wheaton River Resources (WRM-T) — Raymond Bergen, officer, was granted 40,000 options at 35 cents to hold 40,000; Dunham Craig, officer, allowed to expire 75,000 options priced at 53 cents to hold 100,000; John Kalmet, officer, was granted 150,000 options at 35 cents to hold 450,000; Paul Stein, officer, bought 3,000 shares indirectly at 28 cents to hold 3,000; and Wheaton River repurchased 32,000 shares at 29-30 cents to hold 32,000.