ORENINC INDEX – Monday, December 20th, 2021
North America’s leading junior mining finance data provider
Last Week: 81.22 (Updated)
This week: 56.42
The Oreninc Index decreased in the trading week ending December 17th, 2021 to 56.42 from 81.22 a week ago as the appetite weakens just before 2021 comes to an end.
On to the money: the aggregate financings announced decreased to $115 million, a 2-week low, with one new brokered financings and no new bought-deal financings announced. The average offer size increased to $2.7 million, a 4-week high, and the number of financings decreased to 42.
Gold closed the week up at $1,784/oz from $1,784/oz a week ago. The US dollar index closed down at 96.10 from 96.10 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $40.57 from $40.57 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 242.04 from 242.04 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 $22.16/oz a week ago. Copper closed higher at $4.28/lb from $4.28/lb a week ago. Oil went higher as WTI closed higher at $71.67 a barrel from $71.67 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 35,971 from 35,971 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,890 from 20,890 the previous week. The S&P/TSX Venture Composite Index closed lower at 908.99 from 908.99 a week ago.
Summary:
Major Financing Openings:
Major Financing Closings:
Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) is pleased to ... READ MORE
Highlights: The 16,500-metre phase 2 drill program is currently u... READ MORE
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) an... READ MORE
Benton Resources Inc. (TSX-V: BEX) is pleased to announce that ... READ MORE
Goldstorm Metals Corp. (TSX-V: GSTM) (FSE: B2U) is pleased to rep... READ MORE