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
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