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Thursday, August 5, 2010

Agnico-Eagle (NYSE:AEM), Colossus Minerals (TSE:CSI), Tanzanian Royalty Exploration (AMEX:TRE) Mixed as Gold Struggles for Positive Territory

Spot gold prices have moved in and out of positive territory today, generating a mixed bag of results for miners, including Agnico-Eagle (NYSE:AEM), Colossus Minerals (TSE:CSI) and Tanzanian Royalty Exploration (AMEX:TRE).

Of the three, Colossus Minerals is the only one in negative territory, dropping to $6.73, a fall of $0.25, or 3.58 percent, as of 2:00 PM EDT. Volume was heading to its 3-month average of 396,847.

Agnico-Eagle on the other hand, has enjoyed a gain today, rising to $58.76, gaining $0.19, or 0.32 percent at 2:17 PM EDT. Volume was at about half the 3-month average of 2,644,410.

Tanzanian Royalty Exploration is also positive territory at 2:19 PM EDT, increasing to $5.29, a gain of $0.07, or 1.34 percent.

If gold hangs on, it'll be the seventh day in a row it finishes higher.

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