It was a double director deal for African Barrick Gold on Monday after its chief financial officer and senior independent non-executive director both bought shares in the mining firm.
CFO Kevin Jennings added to his stock with 9,000 shares at 494.94p each, for a total of £44,545, while Derek G. Pannell coughed up £34,553 for 7,000 at 493.61p each.
Earlier this month FTSE-250 miner African Barrick Gold announced a deal allowing another firm to explore for iron ore at its sites in Tanzania.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The agreement gave permission for Liontown Resources to earn an interest of up to 70% of the iron ore rights on around 530km2 of land within four sites.
ABG, Tanzania's largest gold miner, said it would retain all rights to minerals discovered other than iron ore and by-products directly associated with iron ore mineralogy.
Top Director Buys
Hummingbird Resources (HUM)
Director name: Mr Ian Cockerill
Amount purchased: 40,000 @ 123.00p
Value: £49,200
African Barrick Gold (ABG)
Director name: Mr Kevin Jennings
Amount purchased: 9,000 @ 494.94p
Value: £44,545
African Barrick Gold (ABG)
Director name: Mr Derek G. Pannell
Amount purchased: 7,000 @ 493.61p
Value: £34,553
Hummingbird Resources (HUM)
Director name: Mr Daniel E. Betts
Amount purchased: 20,000 @ 122.50p
Value: £24,500
W H Ireland Group (WHI)
Director name: Mr Christopher Paul Compton
Amount purchased: 40,000 @ 51.00p
Value: £20,400
Laird (LRD)
Director name: Mr Anthony J Reading
Amount purchased: 10,000 @ 139.20p
Value: £13,920
Charles Taylor Consulting (CTR)
Director name: Mr David Gideon Marock
Amount purchased: 10,000 @ 125.00p
Value: £12,500
FFastFill (FFA)
Director name: Mr Hamish Purdey
Amount purchased: 100,000 @ 10.50p
Value: £10,500
NR
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
