The Prospector News

ORENINC INDEX up with several large financings announced

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

ORENINC INDEX up with several large financings announced

 

 

 

 

 

ORENINC INDEX – Monday, January 29th, 2024

 

North America’s leading junior mining finance data provider

 

Last Week: 48.39

 

This week: 51.69

 

The Oreninc Index increased in the trading week ending January 26th, 2024, to 51.69 from 48.39 as several larger financings were announced.

 

On to the money: the aggregate financings announced increased to $121 million, a 7-week high, with three new brokered financings and three bought-deal financings announced. The average offer size decreased to $4.3 million, a 2-week low, and the number of financings increased to 28.

 

Gold closed the week lower at $2,026/oz from $2,038/oz a week ago. The US dollar index closed higher at 103.43 from 103.29 a week ago.

 

The widely followed junior mining index, the VanEck-managed GDXJ, closed the week higher at $34.59 from $33.89 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 218.54 from 218.53 last week.

 

In other commodities, Silver closed the week higher at $22.75/oz from $22.60/oz a week ago. Copper closed higher at $3.85/lb from $3.76/lb a week ago. Oil went higher as WTI closed higher at $78.01 a barrel from $73.41 a barrel a week ago.

 

The Dow Jones Industrial Average closed higher at 38,109 from 37,863 a week ago. Canada’s S&P/TSX Composite Index closed higher at 21,125 from 20,906 the previous week. The S&P/TSX Venture Composite Index closed lower at 550.86 from 552.33 a week ago.

 

Major Financing Openings:

  • Angus Gold Inc. (TSX-V:GUS) opened a $46.4 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about February 8, 2024.
  • Ascot Resources Ltd. (TSX-V:AOT) opened a $25 million offering underwritten by a syndicate led by BMO Capital Markets on a bought deal The deal is expected to close on or about February 9, 2024.
  • G2 Goldfields Inc. (TSX-V:GTWO) opened a $22.05 million offering on a best-efforts basis.
  • Baselode Energy Corp. (TSX-V:FIND) opened a $5 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a bought deal Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about February 14, 2024.

 

Major Financing Closings:

  • G2 Goldfields Inc. (TSX-V:GTWO) closed a $22.05 million offering on a best-efforts basis.
  • FPX Nickel Corp. (TSX-V:FPX) closed a $14.45 million offering on a best-efforts basis.   The deal is expected to close on or about January 22, 2024.
  • First Phosphate Corp. (CSE:PHOS) closed an $8.22 million offering on a best-efforts basis. The deal is expected to close on or about January 10, 2024.
  • Nuclear Fuels Inc. (CSE:NF) closed a $7.63 million offering underwritten by a syndicate led by PI Financial Corp. on a bought-deal basis. The deal is expected to close on or about January 24, 2024.

 

Posted February 5, 2024

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