ORENINC INDEX – Monday, June 14th 2021
North America’s leading junior mining finance data provider
Last Week: 63.64
This week: 84.75
The Oreninc Index increased in the trading week ending June 11th, 2021 to 84.75 from 63.64 a week ago as financing appetite picks up.
On to the money: the aggregate financings announced increased to $176 million, a 2-week high, with 15 new brokered financings and 11 new bought-deal financing announced. The average offer size increased to $4.8 million, a 2-week high, and the number of financings remained unchanged at 37.
Gold closed the week lower at $1,879/oz from $1,892/oz a week ago. The US dollar index closed higher at 90.56 from 90.14 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $53.21 from $53.68 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 307.37 from 313.18 last week. The SPDR GLD ETF inventory closed the week lower at 1,043.16 tonnes, or 33.53 million ounces, from 1,043.21 tonnes last week.
In other commodities, Silver closed the week higher at $28.14/oz from $27.89/oz a week ago. Copper closed down at $4.52/lb from $4.53/lb a week ago. Oil went higher as WTI closed higher at $70.21 a barrel from $69.72 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,479 from 34,756 a week ago. Canada’s S&P/TSX Composite Index closed up at 20,029 from 20,138 the previous week. The S&P/TSX Venture Composite Index closed higher at 979.70 from 978.01 a week ago.
Major Financing Openings:
Major Financing Closings:
Drills 2.26 Metres at 11.81 gpt Gold And 39.31 gpt Silver within ... READ MORE
LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) is ... READ MORE
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Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE
Drill results from Sullivan Gulch (located on the eastern portion... READ MORE
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