You can , but you will get better results by Extracting the Audio off of the CD (Use Toast Audio Extractor) and saving it as a file (AIFF,WAV,SDII etc..) to Hard Drive first.Then you can drag and drop those Audio files to Toast ,Jam, Masterlist..etc..and burn the CD.

The reason this is better is because your CDR Burner could request the Data faster than your CDROM drive can supply it.This Could cause a transfer error message or a buffer underun error.