Double deal for African Barrick Gold

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.

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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

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