Insider Trading: Option spree continues through winter

Recent insider trading transactions reported by the Ontario Securities Commission include the following:

r Anatolia Minerals Development (YMCU-V) — James Davidson, director, sold 14,500 shares indirectly at US70 apiece to hold 995,350 shares.

r Aurizon Mines (ARZ-T) — Ian Walton, director, sold 33,700 shares at $1.50-165 to hold 525,100 shares; Julie Stokke Kemp, officer, exercised 10,000 options at 80 apiece, sold the resulting shares at $1.59 and was granted 27,500 shares exercisable at $1.35 to hold 167,500 options and 14,300 shares.

r Bema Gold (BGO-T) — Mark Corra, officer, exercised 50,000 warrants at 70 apiece and sold the resulting shares at $2.05 to hold 26,400 shares and no warrants.

r Cumberland Resources (CBJ-T) — Kerry Curtis, officer, exercised 45,000 options at $1.62 or $2.20 apiece and sold the resulting shares at $2.15-2.89 to hold 375,000 options and no shares; Abraham Aronowicz, director, exercised 50,000 options at 80 to hold 267,500 options and 4.02 million shares; John Kenyon, director, exercised 50,000 options at $2.20 and sold the resulting shares at $2.75-3 to hold 200,000 options, 174,064 shares directly and 127,000 shares indirectly.

r Eldorado Gold (ELD-T) — Earl Price, officer, exercised 250,000 options at 27 and sold the resulting shares at $2.15-2.30 to hold 355,000 options and no shares; Paul Wright, director, exercised 450,000 options at 27-$1 and sold 350,000 of the resulting shares to hold 850,000 options and 200,000 shares; Dawn Moss, officer, exercised 20,000 options at 50 and sold the resulting shares at $2.14 to hold 75,000 options and 7,000 shares; Joseph Conway, director, exercised 50,000 options at 27 and sold the resulting shares at $2.02-2.10 to hold 100,000 options and no shares.

r Etruscan Resources (EET-T) — Gerald McConnell, director, bought 12,000 shares at $1.24 or $1.35 to hold 1.03 million shares directly and 85,434 shares indirectly.

r Falconbridge (FL-T) — Noranda, owner of more than 10% of the company, bought 1.15 million shares at $14.70-14.90 to hold 105.24 million shares.

r FNX Mining (FNX-T) — Robert Cudney, director, exercised 60,000 options at 50 and sold 19,000 shares at $6.15-7 to hold 203,100 shares and 365,000 options; Donald Ross, director, exercised 172,000 options at 40 or $1 to hold 128,000 options and 342,000 shares.

r Gammon Lake Resources (GAM-T) — Bradley Langille, director, sold 45,500 shares directly at $1.32-1.75 and 21,000 shares indirectly at $1.72-2.25 to hold 1.21 million shares directly and 1.19 million shares indirectly; Fred George, director, sold 46,800 shares at $1.80-2.36 to hold 547,200 shares; Terence Coughlan, director, sold 16,400 shares directly at $2.71-2.95 and 4,000 shares indirectly at $2.27 to hold an unspecified number of shares directly and 258,100 shares indirectly.

r Goldcorp (G-T) — John Begeman, officer, exercised 20,000 options at $4.40 and sold the resulting shares at $19-19.15 to hold 343,000 options and 4,400 shares.

r Guyana Goldfields (YGI-V) — John Sheridan, owner of more than 10% and a director, bought 240,000 shares at 40-52 to hold 704,195 shares.

r High River Gold Mines (HRG-T) — David Mosher, director, sold 116,300 shares at $1.99-2.40 to hold 293,044 shares directly and 206,365 shares indirectly; Steven Poad, officer, exercised 12,000 options at 60 and sold the resulting shares at $2.10 to hold 166,400 options and no shares; Derek Bullock, director, sold 10,000 shares at $2 to hold 20,000 shares; Donald Whalen, director, sold 15,000 shares at $2.40 to hold 270,000 shares.

r Iamgold (IMG-T) — Mark Nathanson, director, exercised 123,300 options at $3.25 and sold the resulting shares at $6.25 to hold 400,000 options and 7.3 million shares, all indirectly.

r Pacific North West Capital (PFN-T) — Harry Barr, director, sold 75,500 shares indirectly at 51-57 to hold 331,500 shares indirectly and 48,000 shares directly.

r Rubicon Minerals (RMX-V) — John Tognetti, owner of more than 10%, bought 124,500 shares at 80-$1.18 and sold 90,500 shares at 64-$1.16 to hold 3.78 million shares.

r Southpoint Resources (SPR-V) — Archibald Nesbitt, director, bought 40,000 shares directly at $1.50 and 10,000 shares indirectly at $1.50 to hold 618,444 shares directly and 384,333 shares indirectly; Michael Ratushny, director, bought 34,200 shares at $1.45 to hold 187,900 shares and 428,000 shares indirectly.

r Taseko Mines (TKO-V) — Robert Dickinson, director, sold 304,500 shares at 37-55 and 377,300 shares indirectly at US23.5-36 to hold 407,182 shares indirectly.

r TVI Pacific (TVI-T) — Clifford James, director, sold 2 million shares privately and indirectly at 5.5 or 6 to hold 6.14 million shares indirectly; Jan Horejsi, director, sold 150,000 shares at 9 or 10 and 473,000 shares indirectly at 9-15 to hold 300,000 shares directly and 1.89 million shares indirectly.

r Viceroy Resource (VOY-T) — Kim Casswell, officer, exercised 100,000 shares at 10 and sold the resulting shares at 30.5-33 to hold no options and no shares.

r Virginia Gold Mines (VIA-T) — Andre Gaumond, director, bought 3,000 shares indirectly at $1.12 and sold 82,692 shares indirectly at $1-1.34 to hold 240,554 shares indirectly.