ORENINC INDEX - Monday, September 13th 2021
North America’s leading junior mining finance data provider
Last Week: 47.22 (Updated)
This week: 46.37
The Oreninc Index decreased in the trading week ending September 10th, 2021 to 46.37 from 47.22 a week ago as the average offer rises to $4.7m.
On to the money: the aggregate financings announced decreased to $61.6 million, a 3-week low, with 5 new brokered financings and 1 new bought-deal financings announced. The average offer size increased to $4.7 million, a 3-week low, and the number of financings decreased to 13.
Gold closed the week down at $1,792/oz from $1,833/oz a week ago. The US dollar index closed up at 92.64 from 92.04 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $41.60 from $43.98 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 243.23 from 258.13 last week. The SPDR GLD ETF inventory closed the week lower at 998.17 tonnes, or 32.09 million ounces, from 998.52 tonnes last week.
In other commodities, Silver closed the week lower at $23.90/oz from $24.80/oz a week ago. Copper closed higher at $4.45/lb from $4.34/lb a week ago. Oil went higher as WTI closed higher at $69.72 a barrel from $69.29 a barrel a week ago.
The Dow Jones Industrial Average closed lower at 34,607 from 35,369 a week ago. Canada’s S&P/TSX Composite Index closed lower at 20,633 from 20,821 the previous week. The S&P/TSX Venture Composite Index closed higher at 903.35 from 923.22 a week ago.