After a brief jump over US$1,290 an ounce then dipping almost $20/oz, the spot price was back to trading around $1,283/oz earlier today on a slightly weaker US dollar.

Gold plays Kermode Resources (CN:KLM), Montan Mining Corp (CN:MNY) and base metals junior Mustang Minerals (CN:MUM) tied in the top spot, each gaining 100% for the week according to data compiled by Mining Journal.

Gold-focused Montan has had little to say since mid-September, when it announced it had extended a term sheet to the end of the year to enable the purchase of a Peru processing facility, six mineral concessions and the option to acquire three more concessions.

Two of the gold concessions are within 10km of the Cerro Dorado property Montan acquired earlier this year which included the permit to operate the Rey Salomon gold mine.

Kermode, which describes itself as committed to the exploration and development of new prospects in a quest to define a world class gold deposit, has also had little news of late.

A month ago it said it had decreased its expenses, reducing its losses for the nine months to July 31 to C$46,689, but had not had any significant activity for three quarters.

Mustang, however, did announce plans earlier this month to raise up to C$1 million for corporate and working capital purposes and a one-for-10 share consolidation.

It has three nickel properties in Canada and the mineral rights at the East Bull Lake property west of Sudbury that is prospective for platinum group metals.

Finally, lithium plays Empire Metals Corp (CN:EP) and American Lithium Corp (CN:LI) rounded out the list, each gaining 50% following news of capital raisings.

American Lithium is hoping to raise C$3.6 million, while Empire has dropped the price of its units being offered in a non-brokered private placement from $0.18 to $0.15.