Buying at B2Gold
Between Sept. 18-23, B2Gold Corp. (yesterday's closing price 73 cents) board chair Robert Cross bought 500,000 shares at prices between 73 and 76 cents. The shares were purchased on an indirect ownership basis. This brings his holdings as reported in the System for Electronic Disclosure by Insiders to 4,871,660 shares.
By our count, B2Gold insiders hold 17 per cent of its shares, giving the firm one of the highest executive ownership levels among gold stocks with a market capitalization of more than $50-million. Earlier this year, B2Gold merged with Central Sun Mining, acquiring interests in two mines in Nicaragua. It hopes to produce 120,000 ounces of gold next year.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors about Canadian markets. INK employees or directors may hold shares in investments profiled. Securities referenced in this profile may have already appeared in recent reports distributed to INK Research clients.
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