ORENINC INDEX up as number of finanincgs increases to 63 – December 26th, 2023

Views

33

Share

ORENINC INDEX – Tuesday, December 26th, 2023

North America’s leading junior mining finance data provider

Last Week: 60.34

This week: 73.46

The Oreninc Index increased in the trading week ending December 22nd, 2023, to 73.46 from 60.34 as we near the end of tax loss season.

On to the money: the aggregate financings announced increased to $102 million, a 2-week high, with one new brokered financings and no bought-deal financings announced. The average offer size increased to $1.6 million, a 2-week high, and the number of financings increased to 63.

Gold closed the week higher at $2,059/oz from $2,026/oz a week ago. The US dollar index closed lower at 101.70 from 102.55 a week ago.

The widely followed junior mining index, the VanEck-managed GDXJ, closed the week higher at $38.83 from $37.55 a week ago. HUI Arca Gold BUGS Index, which follows the major gold miners, closed the week higher at 247.91 from 238.60 last week.

In other commodities, Silver closed the week higher at $24.56/oz from $24.15/oz a week ago. Copper closed higher at $3.90/lb from $3.89/lb a week ago. Oil went higher as WTI closed higher at $73.56 a barrel from $71.43 a barrel a week ago.

The Dow Jones Industrial Average closed higher at 37,385 from 37,309 a week ago. Canada’s S&P/TSX Composite Index closed higher at 20,881 from 20,529 the previous week. The S&P/TSX Venture Composite Index closed lower at 557.12 from 530.85 a week ago.


Major Financing Openings:

  • Global Atomic Corp. (TSX-V:GLO) opened a $ 15 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 12 months. The deal is expected to close on or about December 29, 2023.
  • Skeena Resources Limited (TSX-V:SKE) opened a $ 10.44 million offering on a best-efforts basis. The deal is expected to close on or about December 27, 2023.
  • Osino Resources Corp. (TSX-V:OSI) opened a $ 10 million offering on a best-efforts basis. The deal is expected to close on or about January 9, 2024.
  • Skyharbour Resources Ltd. (TSX-V:SYH) opened a $ 6.37 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months.

Major Financing Closings:

  • NorthIsle Copper and Gold Inc. (TSX-V:NCX) closed a $ 6.42 million offering on a best-efforts basis. The deal is expected to close on or about December 21, 2023.
  • Skyharbour Resources Ltd. (TSX-V:SYH) closed a $ 6.37 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months.
  • Signal Gold Inc. (TSX:SGNL) closed a $ 5.02 million offering on a best-efforts basis.
  • Fancamp Exploration Ltd. (TSX-V:FNC) closed a $ 4.56 million offering on a best-efforts basis.

Close

Newsletter Sign up






    Close

    Become in our Sponsor

      We will contact you to present our sponsor plans and pricing