LONDON (ShareCast) - The Chief Executive Officer of Polymetal International has purchased 713,750 pounds-worth of shares, just two days after the FTSE 100 mining group reported that the Mayskoye mine in Russia had produced its first dry gold concentrate.
Vitaly Nesis celebrated the news with the purchase of 100,000 shares, which he bought at 713.75p a time. His stake in the company now totals 3.1m shares.
Mayskoye, which is one of the top five deposits in Russia in terms of gold resources, has been operational since early 2010. The company is now focused on the ramp-up of the processing plant, which is expected to take around six months.
Revenues grew 40% in 2012, from $1,326m to $1,854m, driven mainly by a 33% increase in gold equivalent sold. The company said that in addition to "robust" production growth, metal sales exceeded output for both gold and silver due to destockpiling of concentrate inventories at the Dukat project.
Top Director Buys
Vesuvius (VSVS)
Director name: Mr Christer Gardell
Amount purchased: 250,000 @ 330.00p
Value: £825,000
Polymetal International (POLY)
Director name: Mr Vitaly Nesis
Amount purchased: 100,000 @ 713.75p
Value: £713,750
BAE Systems (BA.)
Director name: Ms Paula R. Reynolds
Amount purchased: 16,000 @ 380.91p
Value: £60,946
BAE Systems (BA.)
Director name: Ms Paula R. Reynolds
Amount purchased: 4,000 @ 381.67p
Value: £15,267
Vernalis (VER)
Director name: Mr Ian Garland
Amount purchased: 100,000 @ 23.00p
Value: £23,000
Vernalis (VER)
Director name: Mr David Mackney
Amount purchased: 50,000 @ 23.00p
Value: £11,500
Top Director Sells
Derwent London (DLN)
Director name: Mr Simon P Silver
Amount sold: 65,000 @ 2,244.00p
Value: £1,458,600
Derwent London (DLN)
Director name: Mr John David Burns
Amount sold: 31,369 @ 2,244.00p
Value: £703,920
Derwent London (DLN)
Director name: Mr Nigel Q George
Amount sold: 28,554 @ 2,244.00p
Value: £640,752
Derwent London (DLN)
Director name: Mr Paul M. Williams
Amount sold: 28,329 @ 2,244.00p
Value: £635,703
Derwent London (DLN)
Director name: Mr David Silverman
Amount sold: 19,489 @ 2,244.00p
Value: £437,333
Derwent London (DLN)
Director name: Mr Damian Wisniewski
Amount sold: 16,993 @ 2,244.00p
Value: £381,323
Safestore Holdings (SAFE)
Director name: Mr Richard Hodsden
Amount sold: 250,000 @ 126.35p
Value: £315,875
Smiths News (NWS)
Director name: Mr Jonathan Bunting
Amount sold: 97,965 @ 182.01p
Value: £178,306
Morgan Advance Materials (MGAM)
Director name: Mr Mark Robertshaw
Amount sold: 54,279 @ 251.22p
Value: £136,360
GETECH Group (GTC)
Director name: Mr Peter Stephens
Amount sold: 40,000 @ 68.85p
Value: £27,540
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