ORENINC INDEX – Monday, May 27th 2021
North America’s leading junior mining finance data provider
Last Week: 82.82
This week: 74.80
The Oreninc Index decreased in the trading week ending May 21st, 2021 to 74.80 from 82.82 a week ago as the average offer amount fell.
On to the money: the aggregate financings announced increased to $90.5 million, a 8-week high, with 8 new brokered financings and 6 new bought-deal financing announced. The average offer size decreased to $4.6 million, a 2-week low, and the number of financings increased to 37.
Gold closed the week higher at $1,881/oz from $1,843/oz a week ago. The US dollar index closed lower at 90.02 from 90.32 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week higher at $53.87 from $51.11 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 320.20 from 306.56 last week. The SPDR GLD ETF inventory closed the week higher at 1,044.08 tonnes, or 33.56 million ounces, from 1,028.36 tonnes last week.
In other commodities, Silver closed the week higher at $27.48/oz from $27.36/oz a week ago. Copper closed down at $4.48/lb from $4.65/lb a week ago. Oil went higher as WTI closed down at $63.58 a barrel from $65.37 a barrel a week ago.
The Dow Jones Industrial Average closed down at 34,207 from 34,382 a week ago. Canada’s S&P/TSX Composite Index closed down at 19,527 from 19,366 the previous week. The S&P/TSX Venture Composite Index closed higher at 957.2 from 931.38 a week ago.
Major Financing Openings:
Major Financing Closings:
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