ORENINC INDEX – Monday, January 9th, 2023
North America’s leading junior mining finance data provider
Last Week: 40.01
This week: 34.19
The Oreninc Index decreased in the trading week ending January 5th, 2023 to 34.19 from 40.01 a week ago as no new financings were announced in the first week of 2023.
On to the money: the aggregate financings announced increased to $15 million, a 2-week high, with no new brokered financings and no new bought-deal financings announced. The average offer size decreased to $0.8 million, a 2-week high, and the number of financings decreased to 20.
Gold closed the week higher at $1,859/oz from $1,826/oz a week ago. The US dollar index closed higher at 105.04 from 103.84 a week ago.
The widely followed junior mining index, the VanEck-managed GDXJ, closed the week higher at $38.13 from $35.93 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 247.13 from 230.80 last week. The SPDR GLD ETF inventory closed the week higher at 912.41 tonnes from 912.41 tonnes last week.
In other commodities, Silver closed the week lower at $23.42/oz from $24.25/oz a week ago. Copper closed higher at $3.82/lb from $3.82/lb a week ago. Oil went higher as WTI closed lower at $73.97 a barrel from $78.61 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 32,929 from 33,221 a week ago. Canada’s S&P/TSX Composite Index closed higher at 19,506 from 19,258 the previous week. The S&P/TSX Venture Composite Index closed higher at 571.12 from 564.77 a week ago.
Major Financing Openings:
Major Financing Closings:
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