ORENINC INDEX – Monday, May 17th 2021
North America’s leading junior mining finance data provider
Last Week: 58.61
This week: 82.82
The Oreninc Index increased in the trading week ending May 14th, 2021 to 82.82 from 58.61 a week ago as both precious and base metals continued to climb higher.
On to the money: the aggregate financings announced increased to $90.5 million, a 8-week high, with 11 new brokered financings and 8 new bought-deal financing announced. The average offer size increased to $6.9 million, a 2-week high, and the number of financings increased to 36.
Gold closed the week higher at $1,843/oz from $1,831/oz a week ago. The US dollar index closed higher at 90.32 from 90.23 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $51.11 from $51.47 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 306.56 from 301.72 last week. The SPDR GLD ETF inventory closed the week higher at 1,028.36 tonnes, or 33.06 million ounces, from 1,025.15 tonnes last week.
In other commodities, Silver closed the week lower at $27.36/oz from $27.40/oz a week ago. Copper closed down at $4.65/lb from $4.74/lb a week ago. Oil went higher as WTI closed up at $65.37 a barrel from $64.90 a barrel a week ago.
The Dow Jones Industrial Average closed up at 34,382 from 34,777 a week ago. Canada’s S&P/TSX Composite Index closed down at 19,366 from 19,472 the previous week. The S&P/TSX Venture Composite Index closed lower at 931.38 from 954.98 a week ago.
Last Week: 58.61
This week: 82.82
Summary:
Major Financing Openings:
Major Financing Closings:
Minera Alamos Inc. (TSX-V:MAI) is pleased to announce the executi... READ MORE
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) and Advent... READ MORE
Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) is plea... READ MORE
Gatos Silver, Inc. (NYSE:GATO) (TSX: GATO) provided an update on ... READ MORE
Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) reports the Comp... READ MORE