Wheaton River Minerals (TSE) Chairman Ian McDonald continues to be one of the junior resource industry’s most active insiders. In any given week, McDonald’s name usually appears in the Ontario Securities Commission OSC Bulletin and the April 16 edition was no exception.
According to the Bulletin’s insider trading reports, McDonald bought 16,500 shares in March for 50-60 cents. He also sold 6,000 shares for 55-60 cents to hold 147,500 shares directly and 24,250 in a private company. McDonald is one of the founders of Wheaton River, which was set up last year to acquire the former Mount Skukum gold mine and mill near Whitehorse, Yukon. Other mining insiders who were active in the stock market recently include: Bema Gold (TSE) director Richard Beley, who bought 15,000 shares directly for $1.70 and sold 20,000 shares for $1.72 to hold 74,138 shares directly and 270,686 indirectly.
Conwest Exploration (TSE) director James Kalman sold 24,000 class B shares privately for $8.12 to hold 45,930.
Crown Resources (VSE) director Rodney Knutson acquired 47,600 shares for $3.30 under a plan to hold the same number. Director Linder Mundy also acquired 20,400 shares for $3.30 to hold 20,563.
Discovery West (TSE) officer and director Bruce Burton exercised on 75,000 shares at $1.50 which he then sold for $2.75-2.80 to close out his direct holdings.
Gateford Resources (ASE) President Gary Van Nest, who owns more than 10%, bought 330,000 shares privately for 10-12 cents to hold 661,500 indirectly. Kingswood Explorations (ASE) President Wayne O’Connor bought 88,000 shares for 20 cents to hold 1.1 million.
Windarra Minerals (TSE) director James Young exercised on 40,000 shares at 34 cents. He also sold 30,000 shares for 51-70 cents to hold 15,000.
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