ORENINC INDEX – Monday, July 19th 2021
North America’s leading junior mining finance data provider
Last Week: 61.34
This week: 41.08
The Oreninc Index decreased in the trading week ending July 16th, 2021 to 41.08 from 61.34 a week ago as metals continue to show weakness.
On to the money: the aggregate financings announced decreased to $54 million, a 28-week low, with 6 new brokered financings and no new bought-deal financings announced. The average offer size increased to $1.75 million, a 28-week low, and the number of financings increased to 31.
Gold closed the week slightly lower at $1,809/oz from $1,810/oz a week ago. The US dollar index closed higher at 92.89 from 92.13 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $43.38 from $46.62 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 259.46 from 268.95 last week. The SPDR GLD ETF inventory closed the week lower at 1,028.55 tonnes, or 33.06 million ounces, from 1,040.19 tonnes last week.
In other commodities, Silver closed the week lower at $25.14/oz from $26.23/oz a week ago. Copper closed lower at $4.21/lb from $4.35/lb a week ago. Oil went higher as WTI closed lower at $66.42 a barrel from $74.65 a barrel a week ago.
The Dow Jones Industrial Average closed higher at 33,936 from 34,870 a week ago. Canada’s S&P/TSX Composite Index closed lower at 19,726 from 20,257 the previous week. The S&P/TSX Venture Composite Index closed lower at 870.91 from 938.47 a week ago.
Major Financing Openings:
Major Financing Closings:
The private placement forms part of the previously announced fina... READ MORE
CPM Group’s Annual Silver Yearbooks are translated to Chinese f... READ MORE
Southern Silver Exploration Corp. (TSX-V: SSV) reported further a... READ MORE
AMY Project is Funded by the Defense Logistics Agency, Manager of... READ MORE
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