With the U.S. Federal Reserve taking a worried but watch-and-wait approach towards falling inflation, precious metals stocks could be facing some deflationary headwinds over the next few months. Nevertheless, insiders are continuing to buy within the sector, taking advantage of depressed share prices. Earlier this week, industry veteran Alan Richard Hill, board chair of Teranga Gold Corp. bought half a million shares at 52 cents. Teranga is a junior gold producer with operations in Senegal. The company has reported all-in sustaining costs of $1,086 per ounce year-to-date.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.