The Globe and Mail
Allied Gold AAUC-T shares fell 11.8% on August 7th following Q2 results. All-in-sustaining costs were reported as US$2,343/oz, up from US$1,811/oz in Q1. However, Allied still expects costs to be in line with its guidance for the year, taking into account a higher gold price which as previously disclosed can increase costs due to certain royalties based on the gold price. On August 14th, CEO Peter Marrone bought 52,200 shares in the public market at $16.36. In addition, on August 8th Director Richard Graff bought 1,200 shares at $16.38.
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.