ORENINC INDEX – Monday, December 13th 2021
North America’s leading junior mining finance data provider
Last Week: 57.71
This week: 80.15
The Oreninc Index increased in the trading week ending December 10th, 2021 to 80.15 from 57.71 a week ago as the number of deals doubles but the average offer size decreases.
On to the money: the aggregate financings announced decreased to $114 million, a 3-week high, with 8 new brokered financings and 1 new bought-deal financings announced. The average offer size decreased to $1.9 million, a 17-week low, and the number of financings increased to 60.
Gold closed the week up at $1,784/oz from $1,785/oz a week ago. The US dollar index closed down at 96.10 from 96.15 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $40.57 from $40.59 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 242.04 from 245.90 last week. The SPDR GLD ETF inventory closed the week higher at 982.64 tonnes, or 31.59 million ounces, from 984.38 tonnes last week.
In other commodities, Silver closed the week lower at $22.16/oz from $22.41/oz a week ago. Copper closed higher at $4.28/lb from $4.26/lb a week ago. Oil went higher as WTI closed higher at $71.67 a barrel from $66.26 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 35,971 from 34,579 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,890 from 20,633 the previous week. The S&P/TSX Venture Composite Index closed lower at 908.99 from 897.13 a week ago.
Major Financing Openings:
Major Financing Closings:
Omai Gold Mines Corp. (TSX-V:OMG) is pleased to announce explorat... READ MORE
Monument Mining Limited (TSX-V: MMY) (FSE: D7Q1) is pleased to an... READ MORE
Doré Copper Mining Corp. (TSX-V: DCMC) (OTCQX: DRCMF) (FRA: DCM) is ple... READ MORE
Golden Tag Resources Ltd. (TSX-V: GOG) (OTCQB: GTAGF) is pleased to anno... READ MORE
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) announced prelimin... READ MORE
We acknowledge the [financial] support of the Government of Canada.