ORENINC INDEX – Monday, June 28th, 2021
North America’s leading junior mining finance data provider
Last Week: 66.42
This week: 51.80
The Oreninc Index decreased in the trading week ending June 28th, 2021 to 51.80 from 66.42 a week ago as metals continue to show weakness across the board.
On to the money: the aggregate financings announced decreased to $97 million, a 7-week low, with 3 new brokered financings and 3 new bought-deal financing announced. The average offer size increased to $4 million, a 2-week high, and the number of financings decreased to 24.
Gold closed the week higher at $1,777/oz from $1,769/oz a week ago. The US dollar index closed lower at 91.85 from 92.32 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week flat at $47.73 from $47.73 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 271.08.37 from 271.08 last week. The SPDR GLD ETF inventory closed the week higher at 1,053.06 tonnes, or 33.85 million ounces, from 1,043.16 tonnes last week.
In other commodities, Silver closed the week higher at $26.08/oz from $25.96/oz a week ago. Copper closed higher at $4.29/lb from $4.15/lb a week ago. Oil went higher as WTI closed higher at $74.05 a barrel from $71.64 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 34,433 from 33,290 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,230 from 19,997 the previous week. The S&P/TSX Venture Composite Index closed higher at 948.51 from 946.83 a week ago.
Major Financing Openings:
Major Financing Closings:
Skeena Resources Limited (TSX: SKE) (NYSE: SKE) announced the clo... READ MORE
Today Glencore International AG announced, and has made Yamana Go... READ MORE
Rusoro Mining Ltd. (TSX-V: RML) is pleased to announce that on Se... READ MORE
Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is plea... READ MORE
We acknowledge the [financial] support of the Government of Canada.