AIM Round-Up: Kalimantan Gold Jumps on Maiden Mineral Resource Report

On Friday, the FTSE AIM All-Share dipped 0.32 percent, losing the equivalent of 2.39 points and falling to 748.91 points. The drop came as European stocks and markets saw widespread gains after positive news emerged from the US. Reports show that the country’s economy progressed at its fastest rate in over two years during the second quarter, with consumer sentiment at a 14-month high, according to Bloomberg.

“We are seeing investor confidence in the U.S. economy,” Robert Halver, head of capital markets research at Baader Bank (ETR:BWB), said in a telephone interview to the news outlet. “America imports goods and services from euro-land and if the economy of America — the main motor of the global economy — is running on all cylinders, it means we can export more.”

One notable rise on the AIM was Kalimantan Gold (LSE:KGL), which on Friday shot up nearly 460 percent, or GBP3.33, to reach GBP4.50. The company is focused on gold in Indonesia, and recently announced an encouraging maiden mineral resource report for the Main Zone of its Beruang Kanan prospect.

Great Western Mining (LSE:GWMO) was another riser. The company, which is developing a number of early stage copper, uranium, gold and silver properties in Nevada, added 33 percent, or GBP0.25, to reach GBP1.02.

On the flip side, Sable Mining Africa (LSE:SBLM) has earned the title of Friday’s biggest faller. It shaved off 2.71 percent, or GBP0.06, to reach GBP2.15.