ORENINC INDEX – Monday, July 10th, 2023
North America’s leading junior mining finance data provider
Last Week: 51.42
This week: 51.14
The Oreninc Index remained in the trading week ending July 7th, 2023, at 51.41 from 51.42 a week ago as the average offer size jumped to a 12-week high.
On to the money: the aggregate financings announced increased to $72 million, a 7-week high, with three new brokered financings and no new bought-deal financings announced. The average offer size increased to $3.4 million, a 12-week low, and the number of financings decreased to 21.
Gold closed the week higher at $1,932/oz from $1,913/oz a week ago. The US dollar index closed lower at 102.27 from 102.90 a week ago.
The widely followed junior mining index, the VanEck-managed GDXJ, closed the week higher at $35.06 from $34.33 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 228.34 from 227.18 last week.
In other commodities, Silver closed the week higher at $23.28/oz from $22.86/oz a week ago. Copper closed higher at $3.78/lb from $3.75/lb a week ago. Oil went higher as WTI closed higher at $73.86 a barrel from $69.56 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 33,735 from 33,853 a week ago. Canada’s S&P/TSX Composite Index closed higher at 19,831 from 19,818 the previous week. The S&P/TSX Venture Composite Index closed higher at 614.74 from 611.89 a week ago.
Major Financing Openings:
Major Financing Closings:
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) is plea... READ MORE
New Found Gold Corp. (TSX-V: NFG) (NYSE-A: NFGC) is pleased to ... READ MORE
Highlights: Drilling at the new West Goodspeed target has inter... READ MORE
Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF)... READ MORE
enCore Energy Corp. (NYSE American: EU) (TSXV: EU) is pleased to... READ MORE