ORENINC INDEX – Monday, September 20th 2021
North America’s leading junior mining finance data provider
Last Week: 46.37
This week: 41.94
The Oreninc Index decreased in the trading week ending September 17th, 2021 to 41.94 from 46.37 a week ago as the mining sector can’t seem to escape the negative sentiment.
On to the money: the aggregate financings announced increased to $67 million, a 2-week high, with 2 new brokered financings and 1 new bought-deal financings announced. The average offer size decreased to $4 million, a 2-week low, and the number of financings increased to 17.
Gold closed the week down at $1,751/oz from $1,792/oz a week ago. The US dollar index closed up at 93.19 from 92.64 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $40.48 from $41.60 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 237.63 from 243.23 last week. The SPDR GLD ETF inventory closed the week higher at 1,000.79 tonnes, or 32.17 million ounces, from 998.17 tonnes last week.
In other commodities, Silver closed the week lower at $22.33/oz from $23.90/oz a week ago. Copper closed higher at $4.24/lb from $4.45/lb a week ago. Oil went higher as WTI closed higher at $71.97 a barrel from $69.72 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,584 from 34,607 a week ago. Canada’s S&P/TSX Composite Index closed lower at 20,490 from 20,633 the previous week. The S&P/TSX Venture Composite Index closed higher at 886.83 from 903.35 a week ago.
Major Financing Openings:
Major Financing Closings:
Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (FSE: P3U) (“Arg... READ MORE
Gowest Gold Ltd. (TSX-V: GWA) announced today that, effective O... READ MORE
Roscan Gold Corporation (TSX-V: ROS) (FSE: 2OJ) (OTC Pink: RCGCF... READ MORE
Galiano Gold Inc. (TSX: GAU) (NYSE American: GAU) reports prelimi... READ MORE
West Red Lake Gold Mines Inc. (CSE: RLG) (OTCQB: RLGMF) (FSE: H... READ MORE
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