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"


Bravo Intersects Shallow, Wider and Higher-Grade PGM+Au+Ni Mineralization in the North Sector at Luanga

Highlights include 29m at 2.40g/t PGM+Au, 0.10% Ni (including ... READ MORE

February 21, 2024

INTEGRA ANNOUNCES SALE OF 1.5% ROYALTY INTEREST IN DELAMAR PROJECT TO WHEATON PRECIOUS METALS FOR CASH CONSIDERATION OF US$9.75 MILLION

Integra Resources Corp. (TSX-V: ITR) (NYSE American: ITRG) is ple... READ MORE

February 21, 2024

Prime Releases Final 2023 Drilling Results and Recap from Los Reyes

Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) ... READ MORE

February 21, 2024

i-80 Gold Announces Closing of Oversubscribed Non-Brokered Private Placement

i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) is pleased to announce ... READ MORE

February 21, 2024

Gatos Silver Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance

Gatos Silver, Inc. (NYSE:GATO) (TSX: GATO) announced its fourth q... READ MORE

February 21, 2024

Copyright 2024 The Prospector News