ORENINC INDEX – Monday, October 25th 2021
North America’s leading junior mining finance data provider
Last Week: 52.84 (Updated)
This week: 79.49
The Oreninc Index increased in the trading week ending October 22nd, 2021 to 79.49 from 52.84 a week ago as the appetite for junior mining financings seems to increase.
On to the money: the aggregate financings announced increased to $158.8 million, a 9-week high, with 4 new brokered financings and two new bought-deal financings announced. The average offer size increased to $3.7 million, a 5-week high, and the number of financings decreased to 43.
Gold closed the week up at $1,796/oz from $1,768/oz a week ago. The US dollar index closed down at 93.64 from 93.92 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week higher at $44.44 from $43.58 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 259.75 from 240.49 last week. The SPDR GLD ETF inventory closed the week higher at 978.07 tonnes, or 31.45 million ounces, from 980.10 tonnes last week.
In other commodities, Silver closed the week higher at $24.44/oz from $23.34/oz a week ago. Copper closed higher at $4.72/lb from $4.72/lb a week ago. Oil went higher as WTI closed higher at $84.06 a barrel from $82.28 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 35,677 from 35,295 a week ago. Canada’s S&P/TSX Composite Index closed higher at 21,216 from 20,928 the previous week. The S&P/TSX Venture Composite Index closed higher at 948.84 from 937.67 a week ago.
Major Financing Openings:
Major Financing Closings:
Skeena Resources Limited (TSX: SKE) (NYSE: SKE) announced the clo... READ MORE
Today Glencore International AG announced, and has made Yamana Go... READ MORE
Rusoro Mining Ltd. (TSX-V: RML) is pleased to announce that on Se... READ MORE
Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is plea... READ MORE
We acknowledge the [financial] support of the Government of Canada.