ORENINC INDEX – Monday, January 17th 2022
North America’s leading junior mining finance data provider
Last Week: 26.59 (Updated)
This week: 49.86
The Oreninc Index increased in the trading week ending January 14th, 2021 to 49.86 from 26.59 a week ago as the average offer size for this week was significantly higher signallng a renewed interest in larger deals.
On to the money: the aggregate financings announced increased to $81 million, a 3-week high, with 3 new brokered financings and 2 new bought-deal financings announced. The average offer size increased to $5.5 million, a 20-week high, and the number of financings decreased to 15.
Gold closed the week up at $1,816/oz from $1,797/oz a week ago. The US dollar index closed down at 95.17 from 95.72 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week up at $40.47 from $39.24 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 261.62 from 243.35 last week. The SPDR GLD ETF inventory closed the week lower at 976.21 tonnes, or 31.38 million ounces, from 975.66 tonnes last week.
In other commodities, Silver closed the week higher at $22.95/oz from $22.44/oz a week ago. Copper closed higher at $4.42/lb from $4.40/lb a week ago. Oil went higher as WTI closed higher at $83.82 a barrel from $78.90 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 35,911 from 36,331 a week ago. Canada’s S&P/TSX Composite Index closed higher at 21,357 from 21,084 the previous week. The S&P/TSX Venture Composite Index closed lower at 902.99 from 911.46 a week ago.
Major Financing Openings:
Major Financing Closings:
Equity Metals Corporation (TSX-V: EQTY) reports thick intercepts ... READ MORE
Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) is pleased to... READ MORE
Sitka Gold Corp. (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased... READ MORE
Appia Rare Earths & Uranium Corp. (CSE:API) (OTCQB:APAAF) (Ge... READ MORE
Starr Peak Mining Ltd. (TSX-V: STE) (OTCQX: STRPF) is pleased ... READ MORE
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