
ORENINC INDEX – Monday, March 7th 2022
North America’s leading junior mining finance data provider
Last Week: 50.98
This week: 54.17
The Oreninc Index increased in the trading week ending March 4th, 2022 to 54.17 from 50.98 a week ago as commodities across the board skyrocketed.
On to the money: the aggregate financings announced increased to $89.4 million, a 2-week high, with 6 new brokered financings and 3 new bought-deal financings announced. The average offer size increased to $4 million, a 2-week high, and the number of financings decreased to 22.
Gold closed the week higher at $1,966/oz from $1,900/oz a week ago. The US dollar index closed higher at 98.65 from 96.71 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week up at $46.57 from $43.13 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 304.69 from 280.02 last week. The SPDR GLD ETF inventory closed the week higher at 1,054.28 tonnes, or 33.89 million ounces, from 1017.75 tonnes last week.
In other commodities, Silver closed the week higher at $25.78/oz from $24.36/oz a week ago. Copper closed higher at $4.93/lb from $4.45/lb a week ago. Oil went higher as WTI closed higher at $115.68 a barrel from $95.72 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 33,614 from 33,879 a week ago. Canada’s S&P/TSX Composite Index closed higher at 21,402 from 21,126 the previous week. The S&P/TSX Venture Composite Index closed lower at 847.24 from 849.57 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