ORENINC INDEX – Monday, February 14th, 2022
North America’s leading junior mining finance data provider
Last Week: 50.95 (Updated)
This week: 75.86
The Oreninc Index increased in the trading week ending February 11th, 2022 to 75.86 from 50.95 a week ago as precious metals precious metals break out.
On to the money: the aggregate financings announced increased to $159 million, a 13-week high, with 14 new brokered financings and 7 new bought-deal financings announced. The average offer size increased to $4.8 million, a 3-week high, and the number of financings increased to 33.
Gold closed the week higher at $1,842/oz from $1,807/oz a week ago. The US dollar index closed down at 96.08 from 97.27 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week up at $41.42 from $38.18 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 265.40 from 246.28 last week. The SPDR GLD ETF inventory closed the week higher at 1,019.44 tonnes, or 32.76 million ounces, from 1017.75 tonnes last week.
In other commodities, Silver closed the week higher at $23.42/oz from $22.51/oz a week ago. Copper closed lower at $4.43/lb from $4.50/lb a week ago. Oil went higher as WTI closed higher at $93.10 a barrel from $92.31 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,737 from 35,089 a week ago. Canada’s S&P/TSX Composite Index closed higher at 21,548 from 21,271 the previous week. The S&P/TSX Venture Composite Index closed higher at 868.77 from 854.47 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.