ABX-t...in the news:
Globe says Barrick insiders sell shares in May
Thu 4 Jul 2002
The Globe and Mail reports in its Thursday edition that insiders at Barrick
Gold sold thousands of shares in May as the price of bullion climbed toward
a 4-1/2-year high. The Globe's Dave Ebner writes in the Insider Trading
column that according to the latest insider trading reports filed with the
Ontario Securities Commission, Barrick insiders sold about 430,000 shares,
adding to sales in May of more than 800,000 shares. Randall Oliphant,
president and chief executive officer, sold the biggest block of shares,
cashing in almost 20 per cent of his available options. On May 21, Mr.
Oliphant exercised options to buy 200,000 shares at $22.55 (Canadian) each
and sold them at about $34.50 (Canadian) each the same day, making
$2.4-million (Canadian), before trading costs. Mr. Oliphant holds 10,200
shares directly, according to the OSC, and has 900,000 options. Jack
Thompson, a Barrick vice-chairman, exercised options to buy 133,878 shares
at $17.68 (U.S.) each on May 23 and sold them at about $23 (U.S.) each the
same day. Mr. Thompson has filed with regulators to sell 210,515 additional
shares, which would leave him with about 60,000 options. He holds about
75,000 shares directly. |
