INSIDER TRADING — Agnico-Eagle execs sell shares

Two directors and one senior officer of Agnico-Eagle Mines (TSE) exercised options and sold shares in September and October.

According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Wencel HuBacheck exercised 10,000 options at $4.95 and sold 2,500 shares at US$11.87-12.63 and 8,000 shares at $17-19.50 to hold 2,000 shares.

Senior officer Barry Landon exercised 1,000 options at $4.95 and sold 1,000 shares at $19.63 to hold 1,700 shares.

Director George Pon exercised 3,700 options at $15.13 and sold 4,350 shares at $19-19.75 to hold 3,700 shares.

Other transactions in September and October included:

Adex Mining (TSE) — Sally Burton, senior officer, exercised 100,000 options at 24 cents, bought 9,500 shares at 22 cents, and was granted 150,000 options at an undisclosed price to hold 1 million shares and 250,000 options. William Burton, director and senior officer, exercised 208,000 options at 24 cents, bought 131,000 shares at 23-26 cents, and was granted 300,000 options at an undisclosed price to hold 1.8 million shares and 850,000 options. Donald Jeffrey, director and senior officer, sold 128,500 shares at 25 cents to hold 480,000 shares. William Love, director and senior officer, exercised 93,750 options at 23 cents and sold 100,000 shares at 23 cents to hold 1.3 million shares and 266,000 options.

American Barrick Resources (TSE) — Charles Birchall, director, exercised 150,000 options at $12.88 to hold 200,000 shares and 150,000 options. Arimetco Int’l (TSE) — Harold Shipes, officer and director, sold 20,000 shares at $1.20-1.35 to hold 5.6 million shares.

Atlanta Gold (TSE) — David Jackson, senior officer, sold 12,500 shares at 98 cents and was granted 100,000 options at 95 cents to hold 144,928 shares and 350,000 options. Karl Rollke, director, was granted 100,000 options at 95 cents to hold 200,000 options.

Goldbelt Res. (VSE) — Michael Muzylowski, senior officer and director, bought 43,500 shares at $1.07-1.26 and sold 88,900 shares at $1.05-1.39 to hold 520,225 shares.

Golden Queen (TSE) — Raymond Grant, senior officer, bought 6,800 shares at US$1.08-1.17, and was granted 120,000 options at $1.50 to hold 263,592 shares and 120,000 options. Joanne Kientz, senior officer, exercised 40,000 options at 25-59 cents to hold 40,000 shares and zero options. Christopher Thompson, director, exercised 130,000 options at 25-59 cents, bought 100,000 shares at US$1.10, and was granted 130,000 options at $1.50 to hold 255,000 shares and 130,000 options.

Minefinders (VSE) — Dale Hendrick, director and senior officer, sold 28,100 shares at $4.85-5.25, and exercised 50,000 options at $1 to hold 55,800 shares (incorrect information appeared in our issue of Nov. 14). Rio Narcea (TSE) — O.J. Runnalls, director, sold 6,000 shares at $2 to hold 4,000 shares.

Tri Origin (TSE) — Robert Valliant, director and senior officer, bought 1,000 shares at $1.20 and sold 63,000 shares at $1.05-1.20 to hold 939,300 shares.