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January 31, 2022

Waiting for Fed rate hikes, #Mining Financings @Oreninc INDEX down as short-term outlook for metals turns bleak



Last Week: 64.48, This week: 47.61

The Oreninc Index decreased in the trading week ending January 28th, 2022 to 47.61 from 64.48 a week ago as the short-term outlook for metals turned negative after the FOMC meeting.

On to the money: the aggregate financings announced decreased to $99 million, a 2-week low, with 4 new brokered financings and 1 new bought-deal financings announced. The average offer size decreased to $4.5 million, a 2-week low, and the number of financings decreased to 22.

See the whole report here: Oreninc

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