ORENINC INDEX – Monday, January 10th, 2022
North America’s leading junior mining finance data provider
Last Week: 25.64
This week: 28.23
The Oreninc Index increased in the trading week ending January 7th, 2021 to 28.23 from 25.64 a week ago as the new year started off slow.
On to the money: the aggregate financings announced increased to $34.8 million, a 2-week high, with one new brokered financings and no new bought-deal financings announced. The average offer size increased to $1.8 million, a 2-week high, and the number of financings increased to 19.
Gold closed the week down at $1,797/oz from $1,828/oz a week ago. The US dollar index closed down at 95.72 from 95.67 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $39.24 from $41.93 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 243.35 from 258.87 last week. The SPDR GLD ETF inventory closed the week lower at 975.66 tonnes, or 31.36 million ounces, from 984.38 tonnes last week.
In other commodities, Silver closed the week lower at $22.44/oz from $23.38/oz a week ago. Copper closed lower at $4.40/lb from $4.45/lb a week ago. Oil went higher as WTI closed higher at $78.90 a barrel from $75.21 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 36,331 from 36,338 a week ago. Canada’s S&P/TSX Composite Index closed lower at 21,084 from 21,222 the previous week. The S&P/TSX Venture Composite Index closed lower at 911.46 from 933.18 a week ago.
Major Financing Openings:
Major Financing Closings:
Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FRA: 3MX) anno... READ MORE
Veining with visible gold, supported by excellent grades, indicat... READ MORE
Capitan Mining Inc. (TSX-V: CAPT) is pleased to report results f... READ MORE
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M), (OTC: GFTR... READ MORE
GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) announces that it... READ MORE
We acknowledge the [financial] support of the Government of Canada.