Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, August 26, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,286.50 -13.75
Silver $19.49 -0.17
Platinum $1,422.00 -25
Palladium $886.00 -9
     
Base Metals Price (US$/tonne) Change
Nickel $18,922.00 200
Lead $2,249.25 -2
Copper $7,056.00 -22
Zinc $2,355.00 6
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 22, 2014 (change from August 15, 2014 in brackets):
Aluminium Alloy 31760 (+900)
Aluminium 4843275 (-49500)
Copper 146325 (+5025)
Lead 217200 (+1425)
Nickel 325788 (+3060)
Tin 13235 (+445)
Zinc 734600 (-3250)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,400/t
Bismuth: Mid-mkt US$12.30/lb.
Cadmium 99.9: Mid-mkt US$0.92/lb.
Coal: CME Group Central Appalachian Coal Futures
Oct. 2014: US$57.40; Nov. 2014: US$57.50
Cobalt 99.8: US$16.25/lb.
Copper: Comex Copper Futures Sept. 2014: US$3.175/lb.; Comex Oct. 2014: $3.184/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$627.27/tr. oz.
Magnesium FOB China: Mid-mkt US$2,600.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$2,700.00
Molybdenum Oxide: US$13.50/lb.
Rhodium: Mid-mkt US$1,361.14/tr. oz.
Ruthenium: Mid-mkt US$68.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$19.47; Fabricated: US$23.36; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$370.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$31.25/lb.; The UX Consulting Company spot price: US$31.00/lb.
Ferrovanadium: US$26.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Aug. 27, 2014

Daily metal prices
Date 25-Aug 22-Aug 21-Aug 20-Aug 19-Aug
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy N/A 2050/2065 2045/2060 2015/2030 2015/2030
Aluminum N/A 2055/2060 2058/2068 2036.50/2054 2027.50/2037
Copper N/A 7087.50/7075 7002.50/6984.50 6921/6904.50 6934/6905
Lead N/A 2258.50/2253 2253/2248 2235/2235 2240/2231.50
Nickel N/A 18620/18700 18725/18865 18770/18850 18545/18580
Tin N/A 22400/22400 22250/22300 22375/22425 22375/22375
Zinc N/A 2363.50/2263.50 2350/2353 2331.50/2331 2313/2313
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM N/A 1281 1280.5 1294.5 1300.25
Gold PM N/A 1277.25 1275.25 1295 1296.5
Silver N/A 19.49 19.4 19.42 19.66
Platinum N/A 1416 1419 1428 1443
Palladium N/A 883 877 868 896
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 25-Aug 22-Aug 21-Aug 20-Aug 19-Aug  
US$ in C$ 1.098 1.095 1.0948 1.0944 1.0929  
C$ in US$ 0.9107 0.9132 0.9134 0.9137 0.915  
             
EXCHANGE RATES (Bank of Canada, August 25, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0206 1.4499 0.01056 0.08362 0.1025 1.8209
In US$ 0.9295 1.3205 0.00962 0.07616 0.09335 1.6584
Canadian gold mutual funds
Fund name Aug. 26 Aug. 19 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 22.01 22.43 -0.42 -0.019 30.39 2.76 239.72
Altamira Pr & Str Mtl 11.4 11.73 -0.33 -0.028 33.33 2.44 n/a
BMO Junior Gold Index ETF 8.3 8.47 -0.17 -0.02 34.75 0.62 63.06
BMO Pr Mtl 16.15 16.41 -0.26 -0.016 24.24 2.41 70.92
CIBC Pr Mtl 11.93 12.23 -0.3 -0.025

30.01 2.48 63.74
Dynamic  Pr Mtl 4.29 4.45 -0.16 -0.036 43.96 2.65 277.7
London Life Precious Mtl 23.86 24.45 -0.59 -0.024 37.4 3.55 131.08
Mackenzie Pr Mtl-A 43.24 44.29 -1.05 -0.024 38.34 2.61 326
RBC Global Pr Mtl 28.82 29.46 -0.64 -0.022 29.21 2.13 590.85
Sentry Pr Mtl Growth 36.11 36.6 -0.49 -0.013 39.61 2.77 524.78
Sprott Gold and PM-F 4.54 4.58 -0.04 -0.009 40.61 2.5 n/a
Sprott Gold and Pr Minls 33.66 33.94 -0.28 -0.008 39.25 2.93 239.46
TD Pr Mtl-A 7.67 7.85 -0.18 -0.023 28.69 2.45 n/a
TD Pr Mtl-I 36.35 37.22 -0.87 -0.023 28.81 2.27 143.74
iShares TSX Global Gold Index 12.43 12.69 -0.26 -0.02 27.99 0.55 703.3
Featured fund:  TD Pr Mtl-I top holdings as of 08/31/13 (in weighted order): Goldcorp, Franco-Nevada, Silver Wheaton, Freeport McMoRan Copper & Gold, iShares Gold Bullion ETF, Barrick Gold, Yamana Gold, Agnico Eagle Mines, Osisko Mining, Kinross Gold, B2Gold, Torex Gold Resources, Fortuna Silver Mines, New Gold. Fund manager: Anish Chopra.

703.86

North American stock exchange indices
            52-week
Date 25-Aug 22-Aug 21-Aug 20-Aug 19-Aug High Low
TSX Composite 15598.74 15535.55 15556.09 15561.95 15477.17 15653.38 12567.16
S&P/TSX-Ven Comp 1008.24 1005.58 1002.2 996.7 997.56 1050.26 883.52
S&P TSX 60 897.41 892.71 894.14 894.78 889.5 900.42 721.45
Global Gold 195.84 198.41 203.89 203.62 204.44 218.9 149.29
TSX Metals & Mining 897.24 890.66 888.7 902.1 884.49 954.68
Gold & Silver XAU 98.08 99.45 99.65 101.83 101.6 115.21 79.73
Amex Gold Bugs 234.67 238.11 238.83 243.68 243.64 283.23 188.39
TSX short positions
Short positions outstanding at Aug. 15/14 (with changes from July 30/14).
Largest short positions
Lundin Mining  CCO 56234648 -228332
Kinross Gold  K 38271275 750076
New Gold  NGD 30805555 -239049
PotashCorp  POT 25837740 223077
Yamana Gold  YRI 23860956 10820766
B2Gold  BTO 22860067 376819
Detour Gold  DGC 22248519 150478
Tahoe Res.  THO 17887100 -496356
Teck Res.  TCK.B 17754938 2963756
Cameco  CCO 14043651 1812400
Argonaut Gold  AR 11906952 -414499
Thompson Creek  TCM 11557098 -452882
Torex Gold  TXG 11225737 -8693094
First Majestic  FR 10709851 -66812
Dundee Pr Mtls  DPM 9646767 -418727
Largest increase in short position
Yamana Gold  YRI 23860956 10820766
Teck Res. TCK.B 17754938 2963756
Eldorado Gold  ELD 7448805 2077494
Cameco CCO 14043651 1812400
Goldcorp  G 4501682 959079
Largest decrease in short position
Torex Gold TXG 11225737 -8693094
Rio Alto Min.  RIO 1523626 -7623200
Barrick Gold  ABX 8981061 -2991699
Elgin Mining  ELG 10000 -1500000
Dalradian Res.  DNA 144600 -1120400
TSX Venture short positions
Short positions outstanding at Aug. 15/14 (with changes from July 30/14). 
Largest short positions
Aurcana  AUN 1421672 88000
Coastal Gold  COD 1160000 1160000
Fission Uran. FCU 1098057 357800
VVC Exp. VVC 1000000 1000000
Niocorp Dev. NB 694436 691300
Lomiko Mtls LMR 591000 591000
Pure Gold  PGM 480000 -27500
Arianne Phos. DAN 390800 0
Gold Canyon GCU 357800 217800
First Bauxite  FBX 300000 295000
Mason Graphite  LLG 273000 11500
Northern Grap.  NGC 245452 102900
Zenyatta Ven.  ZEN 226909 -228300
Lumina Copper LCC 216993 21500
Gold Standard  GSV 213100 213000
Largest increase in short position
Coastal Gold COD 1160000 1160000
VVC Exp. VVC 1000000 1000000
Niocorp Dev. NB 694436 691300
Lomiko Mtls LMR 591000 591000
Fission Uran. FCU 1098057 357800
Largest decrease in short position
Azincourt Uran  AAZ 0 -945900
Robex Res.  RBX 0 -477000
Glen Eagle Res  GER 0 -372500
Makena Res.  MKN 2000 -298000
Kaminak Gold KAM 18931 -275500
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