Patagonia Gold CEO adds to share pile

William Humphries, Chief Executive Officer of Patagonia Gold, the Argentina-focused mining firm, has purchased 300,000 shares in the firm.

The director bought the shares at an average price of 35.67p for a total of £107,010, taking his total stake in the company to 15,393,857 shares, representing around 2.09%.

The purchase was made just one day after the firm acquired the remaining land surface rights of its main gold and silver project through its wholly-owned subsidiary Minera Minamalu.

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The area, which is known as El Tranquilo and covers 80 square kilometres in the Santa Cruz Province of Argentina, was purchased for £2.1m.

El Tranquilo also contains the bonanza grade gold and silver deposit, where an underground mining operation is in preparation to begin in the first quarter of 2012, together with numerous other highly prospective gold and silver areas.

Patagonia now has the land surface rights as well as the mineral rights over the whole gold and silver deposit.

Top Director Buys

Patagonia Gold (PGD)

Director name: Mr William (Bill) Humphries

Amount purchased: 300,000 @ 35.67p

Value: £107,010

Zetar (ZTR)

Director name: Mr Ian Blackburn

Amount purchased: 20,000 @ 184.00p

Value: £36,800

Petrofac Ltd. (PFC)

Director name: Mr Norman Murray

Amount purchased: 1,900 @ 1,575.88p

Value: £29,942

Interior Services Group (ISG)

Director name: Mr Roy Dantzic

Amount purchased: 20,000 @ 127.00p

Value: £25,400

Interior Services Group (ISG)

Director name: Mr S David Lawther

Amount purchased: 20,000 @ 127.00p

Value: £25,400

Interior Services Group (ISG)

Director name: Mr John Barnes

Amount purchased: 15,750 @ 127.00p

Value: £20,002

Mytrah Energy Ltd (MYT)

Director name: Mr Ravi Kailas

Amount purchased: 16,500 @ 112.74p

Value: £18,602

PHSC (PHSC)

Director name: Ms Nicola C Coote

Amount purchased: 62,000 @ 16.50p

Value: £10,230

Top Director Sells

Anglo American (AAL)

Director name: Ms Cynthia Blum Carroll

Amount sold: 32,114 @ 2,542.00p

Value: £816,338

Hammerson (HMSO)

Director name: Mr David Atkins

Amount sold: 14,831 @ 403.80p

Value: £59,888

Northern Petroleum (NOP)

Director name: Mr Derek Musgrove

Amount sold: 540,000 @ 6.80p

Value: £36,720

Northern Petroleum (NOP)

Director name: Mr Jerry White

Amount sold: 232,000 @ 6.80p

Value: £15,776