Mining, metals and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, July 22, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,307.00 -5
Silver $20.81 -0.21
Platinum $1,484.00 -12
Palladium $870.00 -2
     
Base Metals Price (US$/tonne) Change
Nickel $19,067.00 275
Lead $2,216.25 13.5
Copper $7,049.75 15.5
Zinc $2,365.00 26
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 21, 2014 (change from July 14, 2014 in brackets):
Aluminium Alloy 35320 (+440)
Aluminium 4947200 (-48075)
Copper 158000 (-1400)
Lead 213375 (+350)
Nickel 311064 (+3354)
Tin 11895 (+7360)
Zinc 656675 (-3300)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,600/t
Bismuth: Mid-mkt US$10.70/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
Aug. 2014: US$60.60; Sept. 2014: US$60.45
Cobalt 99.8: US$14.00/lb.
Copper: Comex Copper Futures Aug. 2014: US$3.21/lb.; Comex Sept. 2014: $3.22/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$290/kg
Indium: NY Dealer Mid-mkt US$720.00/kg.
Iridium: Mid-mkt US$608.70/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$3,000
Molybdenum Oxide: US$14.25/lb.
Rhodium: Mid-mkt US$1,130.43/tr. oz.
Ruthenium: Mid-mkt US$69.04/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$20.77; Fabricated: US$24.92; Sterling: US$19.26
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$28.20/lb.; Uranium Exchange Co. spot price: US$28.35/lb.
Ferrovanadium: US$27.00/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current July 16, 2014

Daily metal prices
Date 21-Jul 18-Jul 17-Jul 16-Jul 15-Jul
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1970/1990 1970/1990 1970/1990 1970/1990 1970/1990
Aluminum 1987/2006 1987/2006 1987/2006 1987/2006 1987/2006
Copper 6989/6988 6989/6988 6989/6988 6989/6988 6989/6988
Lead 2173/2192 2173/2192 2173/2192 2173/2192 2173/2192
Nickel 18720/18875 18720/18875 18720/18875 18720/18875 18720/18875
Tin 22150/22100 22150/22100 22150/22100 22150/22100 22150/22100
Zinc 2305.50/2311.50 2305.50/2311.50 2305.50/2311.50 2305.50/2311.50 2305.50/2311.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1312.75 1310.25 1302.75 1297.5 1312
Gold PM 1311.5 1307.25 1302.5 1301 1310
Silver 20.93 20.94 20.78 20.7 20.93
Platinum 1494 1497 1497 1479 1497
Palladium 884 881 886 869 874
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 21-Jul 18-Jul 17-Jul 16-Jul 15-Jul  
US$ in C$ 1.0737 1.0737 1.0753 1.075 1.0766  
C$ in US$ 0.9314 0.9314 0.93 0.9302 0.9289  
             
EXCHANGE RATES (Bank of Canada, July 21, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0067 1.4519 0.01059 0.08277 0.1012 1.8324
In US$ 0.9376 1.3522 0.00986 0.07709 0.09425 1.7066
Canadian gold mutual funds
Fund name  July 22  July 15 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 22.43 21.95 0.48 0.022 32.88 2.76 242.39
Altamira Pr & Str Mtl 11.53 11.27 0.26 0.023 34.85 2.44 n/a
BMO Junior Gold Index ETF 8.38 8.21 0.17 0.021 36.17 0.62 67.93
BMO Pr Mtl 16.34 15.6 0.74 0.047 25.71 2.41 72.85
CIBC Pr Mtl 12.42 12.2 0.22 0.018 35.37 2.48 65.05
Dynamic  Pr Mtl 4.43 4.34 0.09 0.021 48.66 2.65 276.22
London Life Precious Mtl 24.68 23.85 0.83 0.035 42.11 3.55 133.53
Mackenzie Pr Mtl-A 44.68 43.18 1.5 0.035 42.95 2.61 329.59
RBC Global Pr Mtl 29.4 28.74 0.66 0.023 31.81 2.13 598.57
Sentry Pr Mtl Growth 37.76 37.13 0.63 0.017 45.99 2.77 547.44
Sprott Gold and PM-F 4.55 4.47 0.08 0.018 40.84 2.5 n/a
Sprott Gold and Pr Minls 33.74 33.15 0.59 0.018 39.59 2.93 242.14
TD Pr Mtl-A 7.83 7.71 0.12 0.016 31.49 2.45 114.2
TD Pr Mtl-I 37.14 36.56 0.58 0.016 31.61 2.27 313.9
iShares TSX Global Gold Index 12.36 12.06 0.3 0.025 27.31 0.55 704.29
 Sandstorm Gold, Semafo, Silver Wheaton, Fortuna Silver, Timmins Gold. Fund manager: Kevin MacLean.Featured Fund:  Sprott Gold and PM-F top holdings as of 03/31/14 (in weighted order): Osisko Mining, Pan American Silver, Tahoe Resources, Silver Wheaton, Iamgold, Guyana Goldfields, Pretium Resources, Primero Mining, Alamos Gold. Fund manager: Charles Oliver. 
North American stock exchange indices
            52-week
Date 21-Jul 18-Jul 17-Jul 16-Jul 15-Jul High Low
TSX Composite 15249.99 15266.57 15204.48 15226.34 15081.32 15334.56 12400.15
S&P/TSX-Ven Comp 1006.48 1012.24 1005.76 1009.29 1006.57 1050.26 883.52
S&P TSX 60 878.57 879.21 875.05 876.26 867.71 882.75 709.99
Global Gold 200.59 200.48 201.73 196.9 193.42 218.9 149.29
TSX Metals & Mining 897.69 891.63 902.48 911.32 900.86 931.2 691.69
Gold & Silver XAU 101.92 101.98 102.45 99.9 98.3 115.21 79.73
Amex Gold Bugs 242.78 243.03 237.88 233.79 240.97 283.23 188.39
TSX short positions
Short positions outstanding at July 15/14 (with changes from June 30/14).
Largest short positions
Lundin Mining LUN 56491210 -2539862
New Gold NGD 30792055 -3248569
Barrick Gold ABX 23183753 -7701016
Detour Gold DGC 22962392 -636178
B2Gold BTO 21147490 2104554
Kinross Gold K 20128129 3937598
Tahoe Res.  THO 18453089 -293459
Torex Gold TXG 13365560 3723473
Yamana Gold YRI 12269817 4185070
Dundee Prec.  DPM 12182211 -18446
Thompson Creek  TCM 12096088 -774418
Argonaut Gold AR 11917242 334949
Teck Res.  TCK.B 11162838 6047619
Potash Corp. POT 10885374 -8599070
First Majestic  FR 10667817 -255712
Largest increase in short position
Teck Res.  TCK.B 11162838 6047619
Yamana Gold YRI 12269817 4185070
Kinross Gold K 20128129 3937598
Torex Gold TXG 13365560 3723473
Hudbay HBM 9115689 3269859
Largest decrease in short position
Turquoise Hill  TRQ 3918835 -9024686
Potash Corp. POT 10885374 -8599070
Barrick Gold ABX 23183753 -7701016
New Gold NGD 30792055 -3248569
Eldorado Gold  ELD 8716969 -3136663
TSX Venture short positions
Short positions outstanding at July 15/14 (with changes from June 30/14)
Largest short positions
Commerce Res.  CCE 1175000 1175000
Aurcana Corp.  AUN 1168101 131000
Kaminak Gold  KAM 1076200 296155
Atac Res.  ATC 958200 -10352
Fission Uran.  FCU 693400 132808
Mindoro Res.  MIO 661100 461100
Lamelee Iron  LIR 468500 468500
Arianne Phos.  DAN 417200 -7600
Zenyatta Ven.  ZEN 415717 94046
Nemaska Lithium NMX 404500 317000
Superior Copper SPC 394100 269000
Robex Res. RBX 349000 285500
Scorpio Gold SGN 318500 317000
Big North Grap. NRT 277000 274000
Canada Zinc Mtl CZX 262100 162000
Largest increase in short position
Commerce Res.  CCE 1175000 1175000
Lamelee Iron  LIR 468500 468500
Mindoro Res.  MIO 661100 461100
Nemaska Lithium NMX 404500 317000
Scorpio Gold  SGN 318500 317000
Largest decrease in short position
Gold Standard   GSV 20100 -230500
Niocorp Dev.  NB 208400 -206100
Murgor Res.  MGR 0 -200000
Lumina Copper LCC 131900 -172700
Castle Mountain CMM 2500 -145000
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