Wednesday, August 4, 2010

Detour Gold, (TSE:DGC), Golden Star Resources (TSE:GSC), Lake Shore Gold (TSE:LSG) Surge on Higher Gold Prices

Gold prices have been surging today, about on average about $14 an ounce, and hovering around the $1,200 an ounce mark. As of about 12:30 PM EDT, Detour Gold, (TSE:DGC), Golden Star Resources (AMEX:GSS) (TSE:GSC) and Lake Shore Gold (TSE:LSG) were all participating in that upward move, all up over 3 percent in Toronto at that time. Golden Star was also up over 3 percent on the AMEX.

In Toronto, Golden Star was at $4.39, a gain of $0.14, or 3.29 percent. Volume was far below its 3-month average.

Detour Gold hit $26.59, gaining $0.89, or 3.46 percent. Volume for them was on course to reach close to their 3-month average of 556,056.

Lake Shore Gold stood at $3.23, an increase of $0.10, or 3.19 percent.

Gold, if it remains on track today, will enjoy its sixth straight trading day where it is in positive territory.

No comments: