ORENINC INDEX – Monday, March 21st 2022
North America’s leading junior mining finance data provider
Last Week: 96.92
This week: 66.21
The Oreninc Index decreased in the trading week ending March 18th, 2022 to 66.21 from 96.92 a week ago as commodity markets remain volatile.
On to the money: the aggregate financings announced decreased to $150 million, a 2-week high, with 14 new brokered financings and 1 new bought-deal financings announced. The average offer size increased to $5.8 million, a 4-week high, and the number of financings decreased to 26.
Gold closed the week lower at $1,929/oz from $1,985/oz a week ago. The US dollar index closed lower at 98.23 from 99.12 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $47.06 from $47.64 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 304.20 from 312.74 last week. The SPDR GLD ETF inventory closed the week higher at 1,054.28 tonnes, or 33.89 million ounces, from 1017.75 tonnes last week.
In other commodities, Silver closed the week lower at $25.08/oz from $26.16/oz a week ago. Copper closed higher at $4.73/lb from $4.62/lb a week ago. Oil went higher as WTI closed lower at $104.70 a barrel from $109.33 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 34,749 from 32,943 a week ago. Canada’s S&P/TSX Composite Index closed higher at 21,818 from 21,461 the previous week. The S&P/TSX Venture Composite Index closed higher at 853.94 from 846.35 a week ago.
Major Financing Openings:
Major Financing Closings:
North Shore Mi’kmaq Tribal Council (NSMTC) and its seven Fi... READ MORE
Osisko Mining Inc. (TSX:OSK) is pleased to announce that it has e... READ MORE
Asante Gold Corporation (CSE:ASE) (GSE:ASG) (FRANKFURT:1A9) (U.S.... READ MORE
ValOre Metals Corp. (TSX‐V: VO) (OTCQB: KVLQF) (Frankfurt: KEQ0... READ MORE
Wallbridge Mining Company Limited (TSX: WM) (OTCQX: WLBMF) announ... READ MORE