News

Yamana Gold's management are not waiting to see whether the recent wobble in the gold price is a blip or the beginning of a more sustained decline.

The Canadian-based, Brazilian-focused gold miner has seen most of its key directors cash in hefty share options.

President and chief exective Peter Marrone is leading the way with the sale of 750,000 options for a gross total of $10.2m. The options were exercisable at $1.67 and sold at $13.55. Other big sellers include finance director Charles Main and another director, Stan Bharti.

Yamana, which has 6 operating mines and one under construction, is aiming for 1m ounces per year of gold production by 2008.

Top Director Buys
National Australia Bank (NAB)
Director name: Mr Ahmed Fahour
Amount purchased: 86,669 @ A$33.23
Value: A$2,880,011

National Australia Bank (NAB)
Director name: Mr John Morrison Stewart
Amount purchased: 42,206 @ A$33.23
Value: A$1,402,505

National Australia Bank (NAB)
Director name: Mr Michael Ullmer
Amount purchased: 19,275 @ A$33.23
Value: A$640,508

Travis Perkins (TPK)
Director name: Mr Paul N Hampden Smith
Amount purchased: 15,000 @ 1,501.00p
Value: £225,150

Aquarius Platinum (AQP)
Director name: Mr Nicholas T Sibley
Amount purchased: 10,000 @ 643.30p
Value: £64,330

Travis Perkins (TPK)
Director name: Mr Geoff Cooper
Amount purchased: 5,000 @ 1,515.00p
Value: £75,750

Pantheon International (PIN)
Director name: Mr Ian C S Barby
Amount purchased: 10,000 @ 750.00p
Value: £75,000

Whitbread (WTB)
Director name: Mr Christopher C B Rogers
Amount purchased: 5,844 @ 1,027.00p
Value: £60,018

National Australia Bank (NAB)
Director name: Mr Geoffrey Allan Tomlinson
Amount purchased: 1,509 @ A$36.64
Value: A$55,290

National Australia Bank (NAB)
Director name: Mrs Patricia Cross
Amount purchased: 1,174 @ A$36.64
Value: A$43,015

Top Director Sells
Yamana Gold Inc (YAU)
Director name: Mr Charles Main
Amount sold: 227,000 @ 726.44p
Value: £1,649,018

Yamana Gold Inc (YAU)
Director name: Mr Peter Marrone
Amount sold: 750,000 @ 726.44p
Value: £5,448,300

Yamana Gold Inc (YAU)
Director name: Mr Stan Bharti
Amount sold: 500,000 @ 726.44p
Value: £3,632,200

Yamana Gold Inc (YAU)
Director name: Mr Antenor F Silva Jr.
Amount sold: 300,000 @ 726.44p
Value: £2,179,320

Yamana Gold Inc (YAU)
Director name: Mr Bruce Humphrey
Amount sold: 252,000 @ 726.44p
Value: £1,830,629

Yamana Gold Inc (YAU)
Director name: Mr Greg McKnight
Amount sold: 250,000 @ 726.44p
Value: £1,816,100

Yamana Gold Inc (YAU)
Director name: Mr Patrick J Mars
Amount sold: 200,000 @ 726.44p
Value: £1,452,880

Yamana Gold Inc (YAU)
Director name: Mr Juvenal Mesquita
Amount sold: 150,000 @ 726.44p
Value: £1,089,660

Yamana Gold Inc (YAU)
Director name: Mr Nigel Lees
Amount sold: 90,000 @ 726.44p
Value: £653,796

Yamana Gold Inc (YAU)
Director name: Mr Dino Titaro
Amount sold: 90,000 @ 726.44p
Value: £653,796