ORENINC INDEX – Monday, September 6th 2021
North America’s leading junior mining finance data provider
Last Week: 57.42
This week: 48.68
The Oreninc Index decreased in the trading week ending September 3rd, 2021 to 48.68 from 57.42 a week ago as the sentiment amongst commodities still seems to be negative.
On to the money: the aggregate financings announced decreased to $79 million, a 3-week low, with 2 new brokered financings and no new bought-deal financings announced. The average offer size decreased to $2.8 million, a 3-week low, and the number of financings increased to 28.
Gold closed the week up at $1,833/oz from $1,819/oz a week ago. The US dollar index closed down at 92.04 from 92.69 a week ag
The widely followed junior mining index, the VanEck managed GDXJ, closed the week higher at $43.98 from $43.08 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 258.13 from 254.54 last week. The SPDR GLD ETF inventory closed the week lower at 998.52 tonnes, or 32.10 million ounces, from 1,011.61 tonnes last week.
In other commodities, Silver closed the week higher at $24.80/oz from $24.14/oz a week ago. Copper closed higher at $4.34/lb from $4.33/lb a week ago. Oil went higher as WTI closed higher at $69.29 a barrel from $68.74 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 35,369 from 35,118 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,821 from 20,339 the previous week. The S&P/TSX Venture Composite Index closed higher at 923.22 from 864.51 a week ago.
Major Financing Openings:
Major Financing Closings:
FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce the result... READ MORE
Assays include 69.6m at 0.65g/t gold and 0.2% copper  ... READ MORE
Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR:... READ MORE
Highlights include: 6.5m at 2.52% CuEq (2.27% Cu, 8.1g/t Ag) from... READ MORE
Fokus Mining Corporation (TSX-V: FKM) (OTCQB: FKMCF) (FSE: F7E1) ... READ MORE
We acknowledge the [financial] support of the Government of Canada.