Last November, we highlighted selling at Barrick Gold Corp. when the stock was trading just north of $50. One of the sellers was founder and board chair Peter Munk. However, gold is higher now than it was back then and the Barrick share price is lower. Mr. Munk is now buying. On May 9, he acquired 50,000 shares in the public market at $45.92. A few days later, vice-chair William Birchall also bought 30,000 shares between the prices of $43.77 and $44.73.

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 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.