ORENINC INDEX – Monday, January 24th 2022
North America’s leading junior mining finance data provider
Last Week: 35.59 (Updated)
This week: 64.48
The Oreninc Index increased in the trading week ending January 21st, 2022 to 64.48 from 35.59 a week ago as the appetite for financings slowly but surely returns.
On to the money: the aggregate financings announced increased to $141 million, a 9-week high, with 5 new brokered financings and 5 new bought-deal financings announced. The average offer size increased to $6.1 million, a 22-week high, and the number of financings increased to 23.
Gold closed the week up at $1,831/oz from $1,816/oz a week ago. The US dollar index closed up at 95.64 from 95.17 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week up at $41.06 from $40.47 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 262.51 from 261.62 last week. The SPDR GLD ETF inventory closed the week lower at 976.21 tonnes, or 31.38 million ounces, from 976.21 tonnes last week.
In other commodities, Slver closed the week higher at $24.35/oz from $22.44/oz a week ago. Copper closed higher at $4.52/lb from $4.42/lb a week ago. Oil went higher as WTI closed higher at $85.14 a barrel from $83.82 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,265 from 35,911 a week ago. Canada’s S&P/TSX Composite Index closed lower at 20,621 from 21,357 the previous week. The S&P/TSX Venture Composite Index closed lower at 856.62 from 902.99 a week ago.
Major Financing Openings:
Major Financing Closings:
North Shore Mi’kmaq Tribal Council (NSMTC) and its seven Fi... READ MORE
Osisko Mining Inc. (TSX:OSK) is pleased to announce that it has e... READ MORE
Asante Gold Corporation (CSE:ASE) (GSE:ASG) (FRANKFURT:1A9) (U.S.... READ MORE
ValOre Metals Corp. (TSX‐V: VO) (OTCQB: KVLQF) (Frankfurt: KEQ0... READ MORE
Wallbridge Mining Company Limited (TSX: WM) (OTCQX: WLBMF) announ... READ MORE