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Gold/Mining/Energy : Endeavour Mining (EDV.TO, EDVMF) -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (300)	1/26/2008 5:55:45 PM
From: Madharry	Read Replies (1) \| Respond to of 544

TORONTO (Reuters) - Shares of Detour Gold Corp (DGC.TO: Quote, Profile, Research) jumped 15 percent on Thursday to a record high as the market savored recent drill results and analysts speculated that the company could be a takeover target. Shares of Detour, which is developing the Detour Lake project in northeastern Ontario, were up C$2.40 at C$18.35 on the Toronto Stock Exchange, outperforming shares of other TSX-listed gold miners. The company was listed publicly early last year, and has nearly quintupled in value since then, with a market capitalization now in excess of C$600 million. The company is 47-percent owned by Pelangio Mines (PLG.TO: Quote, Profile, Research). Detour in December announced a measured and indicated resource of 4.8 million ounces and an inferred resource of 3 million ounces, based on a gold price of $575 per ounce. Spot gold <XAU=> was at $907 on Thursday. Initial results from phase 2 drilling released last week stoked further optimism, and prompted analysts to speculate the company will be able to continue expanding the resource. Analyst Andre Kaip of Haywood Securities raised his one-year share price target to C$25 from C$17.60 on Thursday, and said he expects the company will be able to raise its resource estimate to 9.8 million ounces. Canaccord Adams boosted its share price target to C$25.50 from C$22, citing higher gold prices, and said the company could become prey for a larger player hoping to expand its pipeline.