Oreninc index down as average offer size plummets
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Last Week: 63.21 (Updated)
This week: 51.88
The Oreninc Index decreased in the trading week ending April 30th, 2021 to 51.88 from 63.21 a week ago as the average offer size plummets to $2.5m, a 17-week low.
On to the money: the aggregate financings announced decreased to $86.3 million, a 17-week low, with 6 new brokered financings and 3 new bought-deal financings announced. The average offer size decreased to $2.5 million, a 17-week low, and the number of financings decreased to 35.
Gold closed the week lower at $1,768/oz from $1,777/oz a week ago. The US dollar index closed lower at 91.30 from 91.56 a week ago.
The widely followed junior mining index, the VanEck managed GDXJ, closed the week lower at $47.45 from $49.69 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week lower at 285.61 from 292.05 last week.The SPDR GLD ETF inventory closed the week down at 1,017.04 tonnes, or 32.69 million ounces, from 1,017.66 tonnes last week.
In other commodities, Silver closed the week lower at $25.19/oz from $26.07/oz a week ago. Copper closed up at $4.45/lb from $4.34/lb a week ago. Oil went higher as WTI closed up at $63.48 a barrel from $62.14 a barrel a week ago.
The Dow Jones Industrial Average closed down at 33,879 from 34,043 a week ago. Canada’s S&P/TSX Composite Index closed down at 19,102 from 19,108 the previous week. The S&P/TSX Venture Composite Index closed lower at 955.26 from 930.63 a week ago.
Major Financing Openings:
Major Financing Closings: