Noranda keeps gobbling up Falco shares

Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:

Agnico-Eagle Mines (AGE-T) — FMR Corp., which must report its trading activities by virtue of owning more than 10% of the company’s stock, indirectly bought 383,300 shares at US$9.19-9.67 per share and indirectly sold 53,100 shares at US$9.24-9.74 to hold 8.8 million shares indirectly; Also, Douglas Beaumont, a director of Agnico-Eagle, bought 169 shares at $16.57 to hold an unspecified number.

– Aurora Platinum (ARP-V) — John Brown, director, indirectly sold 2,000 shares at US$1.40 and exercised 100,000 warrants at 50 to hold 198,000 shares indirectly and no warrants.

– Fort Knox Gold Resources (FNX-T) — Robert Cudney, director, bought 9,100 shares at 82-$1 to hold 135,000 shares; Northfield Capital, owner of more than 10%, about 15,000 shares at 88 and another 5,000 shares at 90 to hold 2.4 million shares.

– Falconbridge (FL-T) —Noranda, owner of more than 10%, bought 318,200 shares at $15.33-15.59 to hold 97.5 million shares.

– Meridian Gold (MNG-T) — Brian Kennedy, officer, exercised 250,000 options at US$3.65 apiece and sold the resulting shares at US$9.58 to hold 948,850 options and 251,400 shares; Wayne Hubert, officer, exercised 34,000 options at $3.65 and sold the shares at US$9.85 to hold 102,950 options and 30,500 shares; Edgar Smith, officer, exercised 33,333 options at US$3.75 and sold the shares at US$9.80 to hold 205,384 options and 77,500 shares.

– Mountain Province Diamonds (MPV-T) — Paul Shatzko, director, sold 19,000 shares at $1.10-1.25 to hold 163,201 shares.

– Star Resources (SRR-T) — Daniel Leonard, director, sold 92,000 shares at US8-11 to hold 100,000 shares.

– Tan Range Exploration (TNX-V) — Wayne Beach, director, sold 37,500 shares at 40 to hold 687,500 shares; and Albert Gourley, director, bought 37,000 shares at 40, sold 36,500 shares at 45-48 and was granted 200,000 options with a strike price of 51 to hold 2,500 shares and 315,000 options.

– Wheaton River Minerals (WRM-T) — Ian McDonald, director, sold 10,000 shares at 65 and another 5,000 shares 67 to hold 588,705 shares; Derek Price, officer, sold 15,000 shares at an unspecified price to hold 218,484 shares.