American International climbs

Unsurprisingly, gold stocks have remained firmly in favour as global markets exude caution, in the wake of the London terror attacks, escalating tension in the Middle East, and just days from the UK election and testimony from former FBI head James Comey.

The spot gold price rose above US$1,285 an ounce earlier today and has been described as being "within striking distance" of the key $1,300 mark.

Small-scale gold miner American International shot up 260.4% after last week announcing it had discovered "two new major auriferous zones" at its concessions and had started a diamond drilling programme.

The company has a pilot plant operating at its La Sorpresa IV property in Mexico's Baja California and said its board had recently turned down a letter of intent offering US$3 million for 50% of AIVN De Mexico.

Junior Starr Peak Exploration (CN:STE), formerly Lions Gate Energy, was up 88.2% for the week on no recent news.

Meanwhile Manson Creek Resources (CN:MCK) was up a healthy 80% as the market digested its latest report, issued a fortnight ago, which reminded investors it had staked a 2,111ha property in British Columbia's Cariboo Goldfields and was continuing to eye opportunities "in the face of very difficult commodity markets and financial conditions".

Commodity-wise, 62% iron ore has fallen to a 2017 low of US$55.90 a tonne this week according to the Metal Bulletin, and lead, zinc, aluminium and nickel were also weaker.

On a different week, Bowmore Exploration's (CN:BOW) gain of 47.1% could have sent it to the top of the table.

However the Canadian-based explorer will have to be content with 10th position and a 117% gain over 12 months, as investors appreciated it recently staking 12 grass-roots zinc properties in Quebec.

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