Tuesday, August 3, 2010

Centerra (TSE:CG), Alamos (TSE:AGI), and IAMGOLD (NYSE:IAG) Up with Gold Price, Newmont (NYSE:NEM) Down

Continuing its incremental climb up, gold prices continue to rise today, ready to be in the positive for the fifth straight trading day. Centerra Gold (TSE:CG), Alamos Gold (TSE:AGI), and IAMGOLD Corporation (NYSE:IAG) all moved up, while gold major Newmont Mining (NYSE:NEM) was slightly down or around level throughout the day.

Of these four gold miners, IAMGOLD Corporation has been the best performer of the day, reaching $16.08, a gain of $0.50, or 3.21 percent at 3:44 PM EDT.

Centerra Gold wasn't far behind IAMGOLD, coming in at $13.33, a gain of $0.36, or 2.78 percent. Centerra was back in the black in the last quarter, returning to a profit.

Alamos Gold rose to $15.55, gaining $0.08, or 0.52 percent.

Newmont was down to $55.49, falling $0.11, 0.20 percent at 3:49 PM EDT. That seems to be because investors are looking for smaller gold miners at this time, although the majors have been doing pretty well lately.

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