ORENINC INDEX – Monday, August 30th 2021
North America’s leading junior mining finance data provider
Last Week: 78.76
This week: 57.42
The Oreninc Index decreased in the trading week ending August 27th, 2021 to 57.42 from 78.76 a week ago as the aggregate financings fell to $100 million.
On to the money: the aggregate financings announced decreased to $100 million, a 2-week low, with 2 new brokered financings and 1 new bought-deal financings announced. The average offer size decreased to $5.2 million, a 2-week low, and the number of financings decreased to 19.
Gold closed the week up at $1,819/oz from $1,784/oz a week ago. The US dollar index closed down at 92.69 from 93.50 a week ag
The widely followed junior mining index, the VanEck managed GDXJ, closed the week higher at $43.08 from $39.69 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 254.54 from 254.96 last week. The SPDR GLD ETF inventory closed the week higher at 1,011.61 tonnes, or 32.52 million ounces, from 1,021.79 tonnes last week.
In other commodities, Silver closed the week higher at $24.14/oz from $23.11/oz a week ago. Copper closed higher at $4.33/lb from $4.13/lb a week ago. Oil went higher as WTI closed higher at $68.74 a barrel from $62.32 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 35,118 from 35,118 a week ago. Canada’s S&P/TSX Composite Index closed lower at 20,339 from 20,339 the previous week. The S&P/TSX Venture Composite Index closed lower at 864.51 from 864.51 a week ago.
Major Financing Openings:
Major Financing Closings:
FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce the result... READ MORE
Assays include 69.6m at 0.65g/t gold and 0.2% copper  ... READ MORE
Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR:... READ MORE
Highlights include: 6.5m at 2.52% CuEq (2.27% Cu, 8.1g/t Ag) from... READ MORE
Fokus Mining Corporation (TSX-V: FKM) (OTCQB: FKMCF) (FSE: F7E1) ... READ MORE
We acknowledge the [financial] support of the Government of Canada.