ORENINC INDEX higher as financing aggregate increases
North America’s leading junior mining finance data provider
Last Week: 83.00
This week: 85.68
The Oreninc Index increased in the trading week ending December 9th, 2022, to 85.68 from 83.00 a week ago as financing aggregate increases.
On to the money: the aggregate financings announced increased to $155 million, a 9-week high, with 9 new brokered financings and two new bought-deal financings announced. The average offer size increased to $3.3 million, a 3-week high, and the number of financings decreased to 47.
Gold closed the week higher at $1,810/oz from $1,809/oz a week ago. The US dollar index closed higher at 104.81 from 104.54 a week ago.
The widely followed junior mining index, the VanEck-managed GDXJ, closed the week lower at $35.70 from $37.22 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 227.68 from 236.87 last week. The SPDR GLD ETF inventory closed the week lower at 910.41 tonnes, or 29.12 million ounces, from 912.29 tonnes last week.
In other commodities, Silver closed the week higher at $23.71/oz from $23.25/oz a week ago. Copper closed higher at $3.87/lb from $3.85/lb a week ago. Oil went higher as WTI closed lower at $71.50 a barrel from $80.30 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 33,475 from 34,428 a week ago. Canada’s S&P/TSX Composite Index closed lower at 19,947 from 20,485 the previous week. The S&P/TSX Venture Composite Index closed lower at 577.62 from 599.20 a week ago.
Major Financing Openings:
Major Financing Closings:
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