ORENINC INDEX – Monday, August 16th 2021
North America’s leading junior mining finance data provider
Last Week: 19.28
This week: 18.49
The Oreninc Index decreased in the trading week ending August 13th, 2021 to 18.49 from 19.28 a week ago with the average deal size marking a 70-week low.
On to the money: the aggregate financings announced increased to $13.7 million, a 70-week low, with 1 new brokered financings and no new bought-deal financings announced. The average offer size decreased to $1.7 million, a 32-week low, and the number of financings remained at 8.
Gold closed the week up at $1,778/oz from $1,762/oz a week ago. The US dollar index closed up at 92.52 from 92.80 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $42.85 from $43.60 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 254.96 from 259.69 last week. The SPDR GLD ETF inventory closed the week higher at 1,021.79 tonnes, or 32.85 million ounces, from 1,025.29 tonnes last week.
In other commodities, Silver closed the week lower at $23.77/oz from $24.32/oz a week ago. Copper closed higher at $4.35/lb from $4.33/lb a week ago. Oil went higher as WTI closed higher at $68.44 a barrel from $68.28 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 35,501 from 35,075 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,518 from 20,475 the previous week. The S&P/TSX Venture Composite Index closed lower at 923.06 from 925.65 a week ago.
Major Financing Openings:
Major Financing Closings:
Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) and Kirkland L... READ MORE
New Structure Intersected 300 m East of Eastern Trend; Barge-Ba... READ MORE
Benchmark Metals Inc. (TSX-V: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) ... READ MORE
Pure Gold Mining Inc. (TSX-V:PGM) (LSE:PUR) is pleased to announc... READ MORE
FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is p... READ MORE
We acknowledge the [financial] support of the Government of Canada.