ORENINC INDEX – Monday, December 6th 2021
North America’s leading junior mining finance data provider
Last Week: 51.11
This week: 57.71
The Oreninc Index increased in the trading week ending December 3rd, 2021 to 57.71 from 51.11 a week ago as selling pressure from the Canadian tax loss season continues.
On to the money: the aggregate financings announced decreased to $76 million, a 8-week low, with 5 new brokered financings and no new bought-deal financings announced. The average offer size increased to $2.3 million, a 2-week low, and the number of financings decreased to 33.
Gold closed the week down at $1,783/oz from $1,785/oz a week ago. The US dollar index closed down at 96.15 from 96.21 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week down at $40.59 from $42.92 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 245.90 from 256.03 last week. The SPDR GLD ETF inventory closed the week higher at 984.38 tonnes, or 31.64 million ounces, from 978.07 tonnes last week.
In other commodities, Silver closed the week lower at $22.41/oz from $23.10/oz a week ago. Copper closed lower at $4.26/lb from $4.28/lb a week ago. Oil went higher as WTI closed lower at $66.26 a barrel from $68.15 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,579 from 34,908 a week ago. Canada’s S&P/TSX Composite Index closed lower at 20,633 from 21,125 the previous week. The S&P/TSX Venture Composite Index closed lower at 897.13 from 944.05 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.