INSIDER TRADING (March 16, 1992)

Pierre Gauthier, chairman of Montreal-based St. Genevieve Resources (TSE) and its 20% owned affiliate Societe Miniere Louvem (TSE), was active in the stock market recently.

According to the Ontario Securities Commission OSC Bulletin, Gauthier bought 245,000 St. Genevieve shares for 45 cents to hold 3.3 million. A Gauthier-owned company was also granted the right to buy 250,000 options for 75 cents to hold the same number of options. At about the same time, Gauthier exercised options on 20,000 Louvem shares at $2.52 which he then sold for $3.55 to hold no shares and 207,753 options.

Other mining insiders who were active in the stock market recently include: Aber Resources (TSE) Secretary-Treasurer Frank Bradley, who bought 10,000 shares for $1-1.42 and sold 5,000 for $1.25 to hold 29,000.

Arimathaea Resources (TSE) Chairman Graham Lacey exercised 340,000 warrants at 65 cents to hold 981,300.

Bema Gold (TSE) officer and director Gary Nordin sold 15,000 shares indirectly for $1.49-1.50 to hold 46,670 in Discovery Resources. Champion Gold Resources (ASE) subsidiary Future Avenir Corp. sold 30,176 shares for 65-76 cents to close out its holdings. Officer Larry Melnick exercised 150,000 warrants at 30 cents each to hold 1.8 million. Euro-Nevada Mining (TSE) Finance Vice-President Ron Binns exercised an option on 42,000 shares at $3.15 each which he then sold for $16.81 to hold none. Binns exercised an option on 50,000 Franco-Nevada (TSE) shares at $9.45. He then sold 45,000 shares for $21.77 to hold 5,000.

Inco (TSE) bought 2,000 of its own series B preferred shares for $23 to hold just over one million.