ORENINC INDEX – Monday, October 11th 2021
North America’s leading junior mining finance data provider
Last Week: 56.99 (Updated)
This week: 41.76
The Oreninc Index decreased in the trading week ending October 8th, 2021 to 41.76 from 56.99 a week ago as the average offer falls to $2.5 million.
On to the money: the aggregate financings announced decreased to $65 million, a 2-week low, with 4 new brokered financings and no new bought-deal financings announced. The average offer size decreased to $2.5 million, a 2-week low, and the number of financings increased to 26.
Gold closed the week down at $1,757/oz from $1,758/oz a week ago. The US dollar index closed up at 94.07 from 94.04 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week higher at $40.78 from $38.35 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 240.49 from 228.28 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 higher at $22.70/oz from $22.53/oz a week ago. Copper closed higher at $4.27/lb from $4.18/lb a week ago. Oil went higher as WTI closed higher at $79.35 a barrel from $75.88 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,746 from 34,327 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,416 from 20,150 the previous week. The S&P/TSX Venture Composite Index closed higher at 877.48 from 865.88 a week ago.
Major Financing Openings:
Major Financing Closings:
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) is pleased to ann... READ MORE
Omai Gold Mines Corp. (TSX-V: OMG) is pleased to report additiona... READ MORE
Emerita Resources Corp. (TSX – V: EMO) (OTC: EMOTF) announces ... READ MORE
Aurania Resources Ltd. (TSX-V: ARU) (FSE: 20Q) announces that it ... READ MORE
Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR2) i... READ MORE
We acknowledge the [financial] support of the Government of Canada.