John Lill, senior vice-president of American Barrick Resources (TSE), recently cashed in on the senior gold producer’s market success by selling 5,000 shares for $35.25 each after exercising the same number of options for $15.06 each.
Barrick has been trading above $37 per share recently, compared to a 52-week low of $24, with investors reacting to encouraging developments at the Goldstrike mine in Nevada and bullish sentiments about the gold price. Lill continues to hold 500 shares and 125,000 options.
Other transactions completed recently include:
Bitech (ASE) — James Wade, president, sold 60,000 shares for 11-15 cents to hold 2.94 million indirectly.
Champion Gold Resources (ASE) — Larry Melnick, president, sold 44,500 shares for 30-35 cents to hold 1.87 million.
Coral Gold (VSE) — Levon Resources, insider, sold 17,500 shares for 73-79 cents to hold 78,715.
Deak Resources (TSE) — MacDonald Mines Exploration (CDN), holder of more than 10%, sold 100,000 for 31 cents to hold 762,215.
Kemano Gold (ASE) — Jan Alston, president, bought 100,000 privately for 10 cents to hold 261,000.
Placer Dome (TSE) — Peter Crossgrove, director, bought 100,000 for $12.88 to hold 100,000.
Prime Equities International (VSE) — Leslie MacConnell, director, sold 12,000 for $3.47 to hold 8,000.
Rhonda Mining (ASE) — Dorian Trust, holder of more than 10%, sold 25,000 privately for $4 to hold 675,000. Savanna Resources (ASE), holder of more than 10%, bought 100,000 privately for $4 and 48,300 on the market for $4.05-4.25 to hold 2.07 million.
Tyranex Gold (CDN) — Gregory Bailey, director, bought 57,600 privately for 25 cents to hold 190,600.
Westmin Resources (TSE) — Ross Mitchell, vice-president of finance, bought 10,000 for $3.60 and sold 15,000 for $5.37 to hold none.
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