Barrick Gold (ABX) has notable insider buying

Barrick Gold (T:ABX)

Barrick Gold Corporation (ABX) has a high amount of executive buying compared to its large-cap peers over the past three months. John Lawson Thornton, a Senior Officer and Director, acquired 183,700 Common Shares on a direct ownership basis at a price of $19.013USD through the public market on March 16th, 2017. The insider also acquired 26,750 Common Shares on an indirect ownership basis for registered holder John L. Thornton Rollover IRA at a price of $19.013USD through the public market on March 16th, 2017. This represents a $5,328,224 investment into the company's shares and an account share holdings change of 17.7%.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company's segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines. Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero and Turquoise Ridge are its individual gold mines. The Company, through its subsidiary, Acacia, owns gold mines and exploration properties in Africa. It also holds interest in gold mines, including Porgera and Kalgoorlie, and copper mines, such as Zaldivar and Lumwana. The Pascua-Lama project is located on the border between Chile and Argentina. The Company has nine producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic.