ORENINC INDEX – Monday, February 7th, 2022
North America’s leading junior mining finance data provider
Last Week: 47.61
This week: 52.22
The Oreninc Index increased in the trading week ending February 4th, 2022 to 52.22 from 47.61 a week ago as financings activity picks up.
On to the money: the aggregate financings announced increased to $111 million, a 2-week high, with 7 new brokered financings and 3 new bought-deal financings announced. The average offer size increased to $4.6 million, a 2-week high, and the number of financings increased to 24.
Gold closed the week down at $1,807/oz from $1,831/oz a week ago. The US dollar index closed up at 97.27 from 97.27 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week up at $38.18 from $37.13 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 246.28 from 240.19 last week. The SPDR GLD ETF inventory closed the week higher at 1,017.75 tonnes, or 32.72 million ounces, from 976.21 tonnes last week.
In other commodities, Silver closed the week higher at $22.51/oz from $22.34/oz a week ago. Copper closed higher at $4.50/lb from $4.32/lb a week ago. Oil went higher as WTI closed higher at $92.31 a barrel from $86.82 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 35,089 from 34,726 a week ago. Canada’s S&P/TSX Composite Index closed hugher at 21,271 from 20,741 the previous week. The S&P/TSX Venture Composite Index closed lower at 854.47 from 838.33 a week ago.
Major Financing Openings:
Major Financing Closings:
Silver Viper Minerals Corp. (TSX-V: VIPR) (OTC: VIPRF) is plea... READ MORE
G2 Goldfields Inc. (TSX-V: GTWO) (OTCQX: GUYGF) is pleased to ann... READ MORE
Collective Metals Inc. (CSE: COMT) is pleased to announce that th... READ MORE
Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is p... READ MORE
Marathon Gold Corporation (TSX: MOZ) announces its financial resu... READ MORE
We acknowledge the [financial] support of the Government of Canada.