The Prospector News

ORENINC INDEX up as Large New Financings Announced

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

ORENINC INDEX up as Large New Financings Announced

 

 

 

 

 

ORENINC INDEX – Monday, October 2nd, 2023

 

North America’s leading junior mining finance data provider

 

Last Week: 59.88

 

This week: 67.43

 

The Oreninc Index increased in the trading week ending September 29th, 2023, to 67.43 from 59.88 a week ago as several large financings were announced.

 

On to the money: the aggregate financings announced decreased to $105.5 million, a 2-week low, with seven new brokered financings and three bought-deal financings announced. The average offer size decreased to $3.5 million, a 2-week low, and the number of financings increased to 30.

 

Gold closed the week lower at $1,864/oz from $1,945/oz a week ago. The US dollar index closed higher at 106.15 from 105.58 a week ago.

 

The widely followed junior mining index, the VanEck-managed GDXJ, closed the week lower at $32.23 from $34.15 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 207.24 from 223.09 last week.

 

In other commodities, Silver closed the week lower at $22.39/oz from $23.84/oz a week ago. Copper closed higher at $3.73/lb from $3.69/lb a week ago. Oil went higher as WTI closed higher at $90.81 a barrel from $90.03 a barrel a week ago.

 

The Dow Jones Industrial Average closed lower at 33,507 from 33,694 a week ago. Canada’s S&P/TSX Composite Index closed lower at 19,541 from 19,779 the previous week. The S&P/TSX Venture Composite Index closed lower at 558.88 from 570.09 a week ago.

 

Summary:

  • The number of financings increased to 30.
  • Seven brokered financing were announced this week for $81m, a 2-week low.
  • Three bought deal financing were announced this week for $52.5m, a 2-week low.
  • Total dollars lessened to $105.5m, a 2-week low.
  • The average offer lowered to $3.5m, a 2-week low.

 

Major Financing Openings:

  • New Pacific Metals Corp. (TSX-V:NUAG) opened a $35 million offering underwritten by a syndicate led by xxx on a bought-deal basis. The deal is expected to close on or about September 29, 2023.
  • IsoEnergy Ltd. (TSX-V:ISO) opened a $21 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a best-efforts basis. The deal is expected to close on or about October 19, 2023.
  • Bear Creek Mining Corporation (TSX-V:BCM) opened a $9.5 million offering underwritten by a syndicate led by BMO Capital Markets on a bought-deal basis. Each unit includes 1 warrant that expires in 60 months. The deal is expected to close on or about October 15, 2023.
  • Fission Uranium Corp. (TSX-V:FCU) opened an $8 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a bought-deal basis. The deal is expected to close on or about October 4, 2023.

 

Major Financing Closings:

  • Reunion Gold Corporation (TSX-V:RGD) closed a $70.01 million offering underwritten by a syndicate led by BMO Capital Markets on a bought-deal basis. The deal is expected to close on or about September 26, 2023.
  • E3 Lithium Ltd. (TSX-V:ETL) closed a $23.03 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. The deal is expected to close on or about September 26, 2023.
  • Aldebaran Resources Inc. (TSX-V:ALDE) closed a $20.11 million offering on a best-efforts basis.
  • Azimut Exploration Inc. (TSX-V:AZM) closed an $8.19 million offering on a bought-deal basis. The deal is expected to close on or about September 28, 2023.

 

Posted October 3, 2023

Share this news article

MORE or "UNCATEGORIZED"


GR Silver Mining Extends Silver Mineralization with Step-Out Drilling at San Marcial 11.9 m @ 226 g/t Ag Eq* including 0.9m @ 716 g/t Ag Eq

GR Silver Mining Ltd. (TSX-V: GRSL) (OTCQB: GRSLF) (FRANKFURT: G... READ MORE

July 25, 2025

Big Ridge Gold Corp. Closes Upsized $5.2 Million Private Placement

Big Ridge Gold Corp. (TSX-V: BRAU) (OTCQB: ALVLF) is pleased to a... READ MORE

July 25, 2025

St. Augustine Closes Private Placement

St. Augustine Gold and Copper Limited (TSX: SAU) is pleased to announce ... READ MORE

July 25, 2025

GoldShore Intersects Additional Mineralization Beneath the Conceptual Open Pit at the Southwest Zone with 22m of 1.30 g/t Au

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 25, 2025

Benz Announces Closing Final Tranche of A$13.5M Financing

Benz Mining Corp. (TSX-V: BZ) (ASX: BNZ) is pleased to advise tha... READ MORE

July 25, 2025

Copyright 2025 The Prospector News