ORENINC INDEX – Monday, January 3rd 2022
North America’s leading junior mining finance data provider
Last Week: 70.64
This week: 25.64
The Oreninc Index decreased in the trading week ending December 31st, 2021 to 25.64 from 70.64 a week ago as the financing activity is historically low during the year-end holiday season.
On to the money: the aggregate financings announced decreased to $12 million, a 91-week low, with one new brokered financings and no new bought-deal financings announced. The average offer size increased to $0.8 million, a 52-week low, and the number of financings decreased to 16.
Gold closed the week up at $1,828/oz from $1,810/oz a week ago. The US dollar index closed down at 95.67 from 96.02 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week up at $41.93 from $41.61 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 258.87 from 253.89 last week. The SPDR GLD ETF inventory closed the week lower at 975.66 tonnes, or 31.36 million ounces, from 984.38 tonnes last week.
In other commodities, Silver closed the week higher at $23.38/oz from $22.91/oz a week ago. Copper closed higher at $4.45/lb from $4.40/lb a week ago. Oil went higher as WTI closed higher at $75.21 a barrel from $73.79 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 36,338 from 35,950 a week ago. Canada’s S&P/TSX Composite Index closed lower at 21,222 from 21,229 the previous week. The S&P/TSX Venture Composite Index closed lower at 939.18 from 934.97 a week ago.
Major Financing Openings:
Major Financing Closings:
American Lithium Corp. (TSX-V:LI) (NASDAQ:AML) (Frankfurt:5LA1) a... READ MORE
Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) is pleased to anno... READ MORE
Results continue to confirm the existence and continuity o... READ MORE
Adventus Mining Corporation (TSX-V: ADZN) (OTCQX: ADVZF) and Salazar Res... READ MORE
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) is pleased to anno... READ MORE