Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 23, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,225.00 -13.75
Silver $17.92 -0.83
Platinum $1,343.00 -26
Palladium $816.00 -23
     
Base Metals Price (US$/tonne) Change
Nickel $17,103.00 78
Lead $2,081.25 17.5
Copper $6,728.00 9
Zinc $2,255.00 15.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 22, 2014 (change from September 15, 2014 in brackets):
Aluminium Alloy 28800 (-1620)
Aluminium 4661950 (-49725)
Copper 153700 (-2675)
Lead 225275 (-600)
Nickel 339036 (+4194)
Tin 9845 (-70)
Zinc 752700 (-2025)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,200/t
Bismuth: Mid-mkt US$12.70/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
Oct. 2014: US$54.37; Nov. 2014: US$54.73
Cobalt 99.8: US$15.75/lb.
Copper: Comex Copper Futures Oct. 2014: US$3.0505/lb.; Comex Nov. 2014: $3.0505/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$275/kg
Indium: NY Dealer Mid-mkt US$740.00/kg.
Iridium: Mid-mkt US$600.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,650.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$2,700.00
Molybdenum Oxide: US$11.75/lb.
Rhodium: Mid-mkt US$1,350.00/tr. oz.
Ruthenium: Mid-mkt US$61.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$17.74 per oz.; Fabricated: US$26.50 per oz.
Tungsten: APT Tungstate FOB China mid-mkt: US$360.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$33.00/lb.; The UX Consulting Company spot price: US$36.50/lb.
Ferrovanadium: US$26.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Sept. 24, 2014

Daily metal prices
Date 22-Sep 19-Sep 18-Sep 17-Sep 16-Sep
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2080/2095 2080/2095 2075/2095 2080/2095 2080/2095
Aluminum 1924.50/1957 1948.50/1982.50 1949.50/1983 1966/2005 1969/2005
Copper 6781/6734 6867.50/6826 6918/6882 6958/6920 6895/6857
Lead 2050/2059 2067/2076 2077/2090 2091/2106 2090/2098
Nickel 17070/17170 17750/17825 17875/17935 17915/18000 17895/18000
Tin 21150/21150 21175/21200 21200/21200 21050/21090 21040/21005
Zinc 2215/2227.50 2250/2261 2246.50/2251 2255/2265 2246/2254.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1214 1222.5 1223 1236.5 1238.75
Gold PM 1213.5 1219.75 1220.5 1236 1232.25
Silver 17.74 18.45 18.5 18.63 18.75
Platinum 1329 1344 1344 1365 1363
Palladium 807 823 822 842 837
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 22-Sep 19-Sep 18-Sep 17-Sep 16-Sep  
US$ in C$ 1.1008 1.0969 1.0946 1.0946 1.0952  
C$ in US$ 0.9084 0.9117 0.9136 0.9131 0.9099  
             
EXCHANGE RATES (Bank of Canada, September 22, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.977 1.4122 0.01011 0.08302 0.09858 1.7986
In US$ 0.8875 1.2829 0.00918 0.07542 0.08955 1.6339
Canadian gold mutual funds
Fund name Sept. 23 Sept. 16 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.55 20.86 -1.31 -0.063 15.82 2.76 238.7
Altamira Pr & Str Mtl 9.92 10.58 -0.66 -0.062 16.02 2.44 n/a
BMO Junior Gold Index ETF 7 7.52 -0.52 -0.069 13.91 0.62 66.58
BMO Pr Mtl 14.4 15.34 -0.94 -0.061 10.75 2.41 71.59
CIBC Pr Mtl 10.7 11.29 -0.59 -0.052 16.68 2.48 63.74
Dynamic  Pr Mtl 3.7 3.97 -0.27 -0.068 24.16 2.65 278.97
London Life Precious Mtl 20.03 21.57 -1.54 -0.071 15.32 3.55 132.74
Mackenzie Pr Mtl-A 36.32 39.11 -2.79 -0.071 16.2 2.61 329.02
RBC Global Pr Mtl 25.27 27.2 -1.93 -0.071 13.3 2.13 n/a
Sentry Pr Mtl Growth 30.78 33.51 -2.73 -0.081 18.99 2.77 528.43
Sprott Gold and PM-F 3.92 4.26 -0.34 -0.08 21.48 2.5 n/a
Sprott Gold and Pr Minls 29.05 31.56 -2.51 -0.08 20.17 2.93 243.51
TD Pr Mtl-A 6.8 7.28 -0.48 -0.066 14.24 2.45 n/a
TD Pr Mtl-I 32.27 34.52 -2.25 -0.065 14.35 2.27 n/a
iShares TSX Global Gold Index 10.76 11.47 -0.71 -0.062 10.95 0.55 718.33
Featured fund:  Altamira Pr & Str Mtl top holdings as of 02/28/14 (in weighted order): Goldcorp, Franco-Nevada, Barrick Gold, Silver Wheaton, Yamana Gold, Agnico Eagle Mines, Osisko Mining, Semafo, Eldorado Gold, Argonaut Gold, Tahoe Resources, Kinross Gold, Primero Mining, Detour Gold. Fund manager: Jean-Philippe Choquette.
North American stock exchange indices
            52-week
Date 22-Sep 19-Sep 18-Sep 17-Sep 16-Sep High Low
TSX Composite 15129 15265.35 15465.54 15458.88 15510.54 15685.13 12678.02
S&P/TSX-Ven Comp 928.09 955.06 965.79 972.51 975.7 1050.26 883.52
S&P TSX 60 876.76 882.87 895.26 894.77 897.11 902.74 727.59
Global Gold 168.89 172.17 176.38 179.81 183.9 215.56 149.29
TSX Metals & Mining 797.72 813.12 847.29 858.68 865.05 954.68 703.86
Gold & Silver XAU 84.44 86.93 89.14 90.43 92.4 107.39 79.73
Amex Gold Bugs 202.47 208.48 212.07 214.91 220.3 261.36 188.39
TSX short positions
Short positions outstanding at Sept.15/14 (with changes from Aug. 31/14).
Largest short positions
Lundin Mining  LUN 55760848 -365299
New Gold  NGD 31066953 272168
B2Gold  BTO 22086388 -1762577
PotashCorp  POT 20596098 -433017
Detour Gold DGC 20422526 -1747508
Eldorado Gold ELD 18776919 3160458
Tahoe Res.  THO 17256314 -485931
Barrick Gold ABX 16332220 6174720
Yamana Gold  YRI 15767160 -1.6E+07
Kinross Gold  K 12196416 -2E+07
Argonaut Gold  AR 12079733 196907
Thompson Crk Mtl  TCM 10773203 -150291
First Majestic  FR 10451986 -537427
Dundee Pre Mtls  DPM 9781724 159720
Silver Standard  SSO 8391880 -37818
Largest increase in short position
Barrick Gold ABX 16332220 6174720
Teranga Gold  TGZ 4059400 4015200
Eldorado Gold ELD 18776919 3160458
First Quantum  FM 7366277 2142865
Silver Wheaton  SLW 4203109 1277080
Largest decrease in short position
Kinross Gold K 12196416 -2E+07
Yamana Gold YRI 15767160 -1.6E+07
Cameco  CCO 5725902 -5601085
Teck Res.  TCK.B 5015924 -4538136
Mandalay Res.  MND 3575540 -1980360
TSX Venture short positions
Short positions outstanding at Sept.15/14 (with changes from Aug. 31/14).
Largest short positions
Aurcana  AUN 1232872 -99500
Nexgen Energy  NXE 1221800 515000
Athabasca Mnrls  ABM 664859 -62800
Fission Uranium  FCU 650657 -988800
VMS Ventures  VMS 548500 548500
True Gold  TGM 543342 503000
Rusoro Mining  RML 540300 540300
Graphite One  GPH 520000 519500
Discovery Vent.  DVN 427000 102500
Northern Graphite  NGC 394652 8300
Southern Silver Exp.  SSV 362000 362000
Gold Standard Vent.  GSV 300100 300000
Standard Graphite  SGH 294000 294000
Zenyatta Ventures  ZEN 283809 65000
Prosper Gold  PGX 265500 265500
Largest increase in short position
VMS Ventures VMS 548500 548500
Rusoro Mining RML 540300 540300
Graphite One GPH 520000 519500
Nexgen Energy NXE 1221800 515000
True Gold TGM 543342 503000
Largest decrease in short position
Greenflag Vent.  GFV 0 -4149000
Bayswater Uran.  BYU 0 -2529000
Lomiko Metals  LMR 57000 -1300000
Fission Uranium FCU 650657 -988800
Robex Res.  RBX 44000 -519000
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