ORENINC INDEX – Monday, June 7th 2021
North America’s leading junior mining finance data provider
Last Week: 101.92
This week: 63.64
The Oreninc Index decreased in the trading week ending June 4th, 2021 to 63.64 from 101.92 a week ago as new financings seem to cool off.
On to the money: the aggregate financings announced decreased to $102 million, a 4-week low, with 4 new brokered financings and 1 new bought-deal financing announced. The average offer size decreased to $2.8 million, a 5-week low, and the number of financings remained unchanged at 37.
Gold closed the week lower at $1,892/oz from $1,906/oz a week ago. The US dollar index closed higher at 90.14 from 90.00 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $53.68 from $54.71 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 313.18 from 318.83 last week. The SPDR GLD ETF inventory closed the week lower at 1,043.16 tonnes, or 33.53 million ounces, from 1,043.21 tonnes last week.
In other commodities, Silver closed the week lower at $27.89/oz from $28.14/oz a week ago. Copper closed down at $4.52/lb from $4.67/lb a week ago. Oil went higher as WTI closed higher at $69.72 a barrel from $66.32 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 34,756 from 34,529 a week ago. Canada’s S&P/TSX Composite Index closed up at 20,029 from 19,774 the previous week. The S&P/TSX Venture Composite Index closed higher at 978.01 from 966.39 a week ago.
Major Financing Openings:
Major Financing Closings:
EnviroLeach Technologies Inc. (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE... READ MORE
Montero Mining and Exploration Ltd. (TSX-V: MON) has completed a ... READ MORE
Rover Metals Corp. (TSX-V: ROVR) (OTCQB: ROVMF) further to its r... READ MORE
Silver Mountain Mines Inc. (TSX-V:SMM) announces that it has comp... READ MORE
enCore Energy Corp. (TSX-V: EU) (OTCQB: ENCUF) is pleased to ann... READ MORE