NovaGold (EGO), Gammon Gold (GRS), Brigus (BRD) Skyrocket on Record Gold Prices

Shares of NovaGold (AMEX:EGO), Gammon Gold (NYSE:GRS), Brigus (AMEX:BRD) all shot up Tuesday as gold prices surged to record highs.

Gold ultimately settled at an all-time high of $1,431.20 an ounce, and jumping even more after the settlement on Tuesday. Spot gold was at $1,433.20, gaining $22 an ounce after hours.

Investors are again migrating to gold and gold miners, as safety is again on their radar, with ongoing uncertainty surrounding the Middle East weighs on the market.

Add to that the clueless Ben Bernanke saying he's not concerned about inflation, and it creates a strong environment for investing in gold.

Gammon Gold closed Tuesday at $9.16, up $0.30, or 3.39 percent. Novagold closed at $14.35, gaining $0.66, or 4.82 percent. Brigus surged to close at $1.85, rising $0.24, or 14.91 percent.

Updates on Ivanhoe (NYSE:IVN), Brigus Gold (AMEX:AGT) and Gammon Gold (NYSE:GRS)

We like to follow gold miners here at Everything Gold to see how they move in relationship to gold price movements, which aren't always in unison with one another.

On Comex division of the New York Mercantile Exchange, gold for October delivery settled at $1,185.40, a gain of $1.50 an ounce. Spot gold increased a modest $0.86 to $1.181.84.

Let's look at Ivanhoe Mines Ltd. (NYSE:IVN), Brigus Gold (AMEX:AGT) and Gammon Gold (NYSE:GRS) to see how they fared today.

Brigus Gold, the result of the recent merger of Apollo Gold (AMEX:AGT) and Linear, remained the same today, as the tiny exploration company had no news to make it move. Brigus closed at $0.31 with no change.

Gammon Gold (NYSE:GRS), who will release their second-quarter report on August 10, got hit harder today, dropping $0.15, or 2.52 percent. Some of their competitors like Northgate Minerals (AMEX:NXG), have more proven or probable gold reserves, making them more desirable at this time.

Ivanhoe Mines Ltd. (NYSE:IVN), among my favorite gold miners and miners in general for the long term, based on their portfolio of projects, led by the incredible Oyu Tolgoi mine based in Mongolia, which will ultimately place them in the elite of mining companies when production is in full swing.

Ivanhoe closed at $18.4 Monday, up $0.28, or 1.58 percent.