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Peter Munk, founder and chairman of Barrick Gold Corporation leaves the podium after speaking at the company's annual general meeting April 30 2014. Munk is stepping down as chairman and John Thornton will become the new chairman. (Fred Lum/The Globe and Mail)
Peter Munk, founder and chairman of Barrick Gold Corporation leaves the podium after speaking at the company's annual general meeting April 30 2014. Munk is stepping down as chairman and John Thornton will become the new chairman. (Fred Lum/The Globe and Mail)

Who Is Buying and Selling

New Barrick director buys shares Add to ...

Barrick Gold Corp. has been in the news recently for its failed merger attempt with Newmont Mining. However, what has received less attention is changes at the board level. At the company's April AGM, founder Peter Munk retired along with two other directors while four new independent board members where elected. One of the new members, Ernie Thrasher, has wasted no time buying stock in the market. On May 6, he picked up 50,000 shares. The day before, executive board chair John Thornton bought 167,600 shares.

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.

Follow on Twitter: @TedDixon

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