
ORENINC INDEX – Monday, August 29th, 2022
North America’s leading junior mining finance data provider
Last Week: 24.06
This week: 26.05
The Oreninc Index increased in the trading week ending August 26th, 2022 to 26.05 from 24.06 a week ago as fresh capital stays at bay.
On to the money: the aggregate financings announced decreased to $39 million, a 6-week low, with 2 new brokered financings and no new bought-deal financings announced. The average offer size decreased to $2.1 million, a 4-week high, and the number of financings remained at 19.
Gold closed the week lower at $1,749/oz from $1,762/oz a week ago. The US dollar index closed higher at 108.80 from 108.17 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $30.94 from $31.31 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 197.50 from 199.81 last week. The SPDR GLD ETF inventory closed the week lower at 999.16 tonnes, or 32.12 million ounces, from 1005.29 tonnes last week.
In other commodities, Silver closed the week lower at $18.74/oz from $20.08/oz a week ago. Copper closed higher at $3.69/lb from $3.67/lb a week ago. Oil went higher as WTI closed higher at $93.06 a barrel from $90.77 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 32,099 from 33,706 a week ago. Canada’s S&P/TSX Composite Index closed lower at 19,836 from 20,111 the previous week. The S&P/TSX Venture Composite Index closed lower at 645.17 from 649.04 a week ago.
Summary:
Major Financing Openings:
Major Financing Closings:
Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE
Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE
Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE
Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE
Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE