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TED DIXON
RTGAM
Mulroney among Barrick sellers
Heading toward year-end, insider profit-taking continues among major precious metals producers. Barrick Gold (Friday close: $XX.xx) tops our materials sector indicator selling list, which currently has more than 50 companies on it. Barrick sellers over the past month included former prime minister Brian Mulroney, who sold 45,000 shares after exercising the same number of options, and company founder Peter Munk, who sold one million shares after exercising 500,000 options. Another seller was chief financial officer Jamie Sokalsky, who exercised 26,086 options and sold the same number of shares.
Disclaimer:
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at http://www.inkresearch.com/">www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.