Oreninc Index Rises to Four-Week High in Week before Holiday Break
The Oreninc Index rose to a four-week high for the week ending December 22, 2016. Total dollars rose to $123.7m,...
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Oreninc Index Rises to Four-Week High in Week before Holiday Break
The Oreninc Index rose to a four-week high for the week ending December 22, 2016. Total dollars rose to $123.7m,...
Oreninc Index Remains in Holiday Slump
The Oreninc Index stayed mostly level for the week ending December 15, 2016. Total dollars grew to $123.6m, a three-week high. One brokered financing was...
Oreninc Index Rises Slightly
The Oreninc Index rose slightly for the week ending December 8, 2016. Total dollars grew to $71.8m, a two-week high. Three brokered financings were announced for $6.1m,...
Oreninc Index Falls to 10-Month Low
The Oreninc Index fell to it’s lowest level in almost 10 months for the week ending December 1, 2016. Total dollars announced fell to...
The Oreninc Index showed life for the week ending February 11, 2016. Total dollars announced jumped to $54.6m, a three-week high. One brokered financing was announced for $20.8m, a ten-week high; No bought deal financings were announced for the seventh time in nine weeks.
In what was a particularly busy week for deal making news, Tahoe Resources (TSX:THO) announced a deal to take over Lake Shore Gold (TSX:LSG) for $751m. Gold had another fantastic week, while oil sank even further. While only one week, an active period in the financing market along with a couple deals that seem to be coming together gave the industry a rare positive week to feel good about.
The Oreninc Index continued its poor performance and hit a 23-week low for the week ending February 4, 2016. Total dollars announced jumped to $27.2m, a two-week high. No brokered or bought deals were announced, making three- and two-week lows, respectively.
The biggest news of the week was reports that Anglo American plc (LON:AAL) is planning a complete exit from Brazil. Gold continued its torrid pace, hitting a three-week high, while crude oil continued its downward trend.
As the index and most commodities continue to stumble, things seem to be getting worse before they might get better.
