Total fund raises announced fell to C$97.1 million, a four-week low, which included two brokered financings for a total of C$65.0 million, a four-week low.
May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 financings for gold totalling $228.9 million, some 62.5% of the total.
April saw 121 financings close in the Canadian financial markets for C$522.7 million including 55 financings for gold totalling $207.3 million, some 40% of the April total.
The Oreninc Index fell in the week ending March 23, 2017 to 67.02 following the previous week’s 69.20 as gold continues to strengthen the US$1,200 per ounce level to close the week at US$1,242.
