ORENINC INDEX – Monday, November 1st 2021
North America’s leading junior mining finance data provider
Last Week: 84.45 (Updated)
This week: 73.06
The Oreninc Index increased in the trading week ending October 29th, 2021 to 73.06 from 84.45 a week ago as the appetite for junior mining financings seems to increase.
On to the money: the aggregate financings announced decreased to $108 million, a 2-week low, with 10 new brokered financings and 5 new bought-deal financings announced. The average offer size decreased to $3 million, a 3-week high, and the number of financings decreased to 37.
Gold closed the week down at $1,783/oz from $1,796/oz a week ago. The US dollar index closed up at 94.12 from 93.64 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $43.27 from $44.44 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 248.89 from 259.75 last week. The SPDR GLD ETF inventory closed the week higher at 982.14 tonnes, or 31.57 million ounces, from 978.07 tonnes last week.
In other commodities, Silver closed the week lower at $23.94/oz from $24.44/oz a week ago. Copper closed lower at $4.36/lb from $4.72/lb a week ago. Oil went higher as WTI closed lower at $83.57 a barrel from $84.06 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 35,819 from 35,677 a week ago. Canada’s S&P/TSX Composite Index closed lower at 21,037 from 21,216 the previous week. The S&P/TSX Venture Composite Index closed higher at 950.43 from 948.84 a week ago.
Major Financing Openings:
Major Financing Closings:
Hemlo Explorers Inc. (TSX-V: HMLO) is pleased to announce that it... READ MORE
Pasinex Resources Limited (CSE: PSE) (FSE: PNX) reports the Compa... READ MORE
Contact Gold Corp. (TSX-V: C) (OTCQB: CGOLF) is pleased to announ... READ MORE
Assays for six of 13 core samples, “super rushed” for... READ MORE
Metallica Metals Corp. (CSE:MM) (OTC:MTALF) (FWB:SY7P) is ple... READ MORE
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