ORENINC INDEX – Monday, June 21st 2021
North America’s leading junior mining finance data provider
Last Week: 84.75
This week: 66.42
The Oreninc Index decreased in the trading week ending June 18th, 2021 to 66.42 from 84.75 a week ago with only 3 new announced brokered placements announced.
On to the money: the aggregate financings announced decreased to $121 million, a 2-week high, with 3 new brokered financings and no new bought-deal financing announced. The average offer size increased to $3.7 million, a 2-week low, and the number of financings remained decreased to 33.
Gold closed the week lower at $1,769/oz from $1,879/oz a week ago. The US dollar index closed higher at 92.32 from 90.56 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $47.73 from $53.21 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 271.08.37 from 307.37 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 lower at $25.96/oz from $28.14/oz a week ago. Copper closed down at $4.15/lb from $4.52/lb a week ago. Oil went higher as WTI closed higher at $71.64 a barrel from $70.21 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 33,290 from 34,479 a week ago. Canada’s S&P/TSX Composite Index closed lower at 19,997 from 20,029 the previous week. The S&P/TSX Venture Composite Index closed higher at 946.83 from 979.70 a week ago.
Major Financing Openings:
Major Financing Closings:
Big Ridge Gold Corp. (TSX-V: BRAU) is pleased to provide an updat... READ MORE
Alphamin Resources Corp. (TSX-V:AFM) (JSE:APH) a producer of 4% o... READ MORE
Luminex Resources Corp. (TSX-V: LR) (OTCQX: LUMIF) is pleased to ... READ MORE
Gold Bull Resources Corp. (TSX-V: GBRC) is pleased to report new ... READ MORE
First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF) announced a joint ... READ MORE
We acknowledge the [financial] support of the Government of Canada.