Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 16, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,238.75 -17.25
Silver $18.75 -0.25
Platinum $1,369.00 -26
Palladium $839.00 -42
     
Base Metals Price (US$/tonne) Change
Nickel $17,957.00 -60
Lead $2,099.25 2.75
Copper $6,857.25 38.75
Zinc $2,251.25 3
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 15, 2014 (change from September 8, 2014 in brackets):
Aluminium Alloy 30420 (-700)
Aluminium 4711675 (-46225)
Copper 156375 (+1775)
Lead 225875 (+950)
Nickel 334842 (+2808)
Tin 9915 (-2520)
Zinc 754725 (+18075)
Daily metal prices
Date 15-Sep 12-Sep 11-Sep 10-Sep 9-Sep
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2110/2115 2100/2115 2115/2130 2120/2135 2125/2140
Aluminum 1957.50/2000 2008/2046 2001.50/2040 2011.50/2050.50 2044.50/2075.50
Copper 6849/6819.50 6855.50/6835 6828.50/6802.50 6897/6870 6936.50/6929
Lead 2102.50/2114 2114.50/2123 2111/2123 2099.50/2117 2157/2173
Nickel 18250/18325 18340/18400 18455/18550 18545/18625 19355/19475
Tin 21125/21100 21175/21210 21165/21195 20975/21025 21080/21125
Zinc 2254/2262 2269/2277 2267/2276 2274.50/2293.50 2338/2349
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1234.75 1237.25 1247 1254.25 1256
Gold PM 1234.25 1231.5 1241.25 1251 1255.75
Silver 18.64 18.64 18.7 19.01 19
Platinum 1368 1360 1378 1382 1395
Palladium 841 829 846 856 886
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 8-Sep 5-Sep 4-Sep 3-Sep 2-Sep  
US$ in C$ 1.1051 1.1076 1.1032 1.0955 1.1012  
C$ in US$ 0.9049 0.9029 0.9065 0.9128 0.9081  
             
EXCHANGE RATES (Bank of Canada, September 15, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9975 1.4311 0.01031 0.08351 0.1006 1.7949
In US$ 0.9026 1.295 0.00933 0.07557 0.09103 1.6242

Canadian gold mutual funds
Fund name Sept. 9 Sept. 2 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 20.88 21.8 -0.92 -0.042 23.7 2.76 239.72
Altamira Pr & Str Mtl 10.65 11.23 -0.58 -0.052 24.56 2.44 n/a
BMO Junior Gold Index ETF 7.67 8.22 -0.55 -0.067 24.88 0.62 63.06
BMO Pr Mtl 15.3 16 -0.7 -0.044 17.69 2.41 70.92
CIBC Pr Mtl 11.32 11.78 -0.46 -0.039 23.41 2.48 63.74
Dynamic  Pr Mtl 4.04 4.29 -0.25 -0.058 35.57 2.65 277.7
London Life Precious Mtl 22.07 23.47 -1.4 -0.06 27.1 3.55 131.08
Mackenzie Pr Mtl-A 40.02 42.54 -2.52 -0.059 28.03 2.61 326
RBC Global Pr Mtl 27.13 28.46 -1.33 -0.047 21.64 2.13 590.85
Sentry Pr Mtl Growth 33.47 35.79 -2.32 -0.065 29.41 2.77 524.78
Sprott Gold and PM-F 4.3 4.47 -0.17 -0.038 33.06 2.5 n/a
Sprott Gold and Pr Minls 31.83 33.13 -1.3 -0.039 31.69 2.93 239.46
TD Pr Mtl-A 7.3 7.57 -0.27 -0.036 22.63 2.45 n/a
TD Pr Mtl-I 34.64 35.91 -1.27 -0.035 22.75 2.27 143.74
iShares TSX Global Gold Index 11.65 12.42 -0.77 -0.062 19.99 0.55 703.3
Featured fund:  AGF Pr Mtl top holdings as of 04/30/14 (in weighted order): Tahoe Resources, Stillwater Mining, Randgold Resources, Goldcorp, Agnico Eagles Mines, Semafo, B2Gold, Eldorado Gold, Primero Mining, Torex Gold Resources. Fund manager: Bob Lyon.
North American stock exchange indices
            52-week
Date 15-Sep 12-Sep 11-Sep 10-Sep 9-Sep High Low
TSX Composite 15482.56 15531.58 15534.32 15471.89 15536.81 15685.13 12678.02
S&P/TSX-Ven Comp 981.5 987.93 982.28 984 988.69 1050.26 883.52
S&P TSX 60 894.36 896.82 896.61 892.61 896.32 902.74 727.59
Global Gold 184.06 184.2 185.97 182.76 186.81 215.56 149.29
TSX Metals & Mining 865.42 880.98 872.81 856.39 864.32 954.68 703.86
Gold & Silver XAU 91.69 91.66 93 92.26 92.61 107.39 79.73
Amex Gold Bugs 219.25 218.98 222.05 220.27 224.68 261.36 188.39
TSX short positions
Short positions outstanding at Aug. 31/14 (with changes from Aug. 15/14).
Largest short positions
Lundin Mining  LUN 56126147 -108501
Kinross Gold  K 31979164 -6292111
Yamana Gold  YRI 31513835 7652879
New Gold  NGD 30794785 -10770
B2Gold  BTO 23848965 988898
Detour Gold  DGC 22170034 -78485
PotashCorp  POT 21029115 -4808625
Tahoe Res.  THO 17742245 -144855
Eldorado Gold  ELD 15616461 8167656
Argonaut Gold AR 11882826 -24126
Cameco  CCO 11326987 -2716664
First Majestic  FR 10989413 279562
Thompson Creek TCM 10923494 -633604
Barrick Gold  ABX 10157500 1176439
Dundee Pr Mtls  DPM 9622004 -24763
Largest increase in short position
Eldorado Gold ELD 15616461 8167656
Yamana Gold YRI 31513835 7652879
Aurico Gold  AUQ 7788257 3657688
Coalspur Mines  CPT 2571900 2571900
Mandalay Res.  MND 5555900 1269300
Largest decrease in short position
Teck Res.  TCK.B 9554060 -8200878
Silver Wheaton  SLW 2926029 -6589536
Kinross Gold  K 31979164 -6292111
Torex Gold  TXG 5079499 -6146238
PotashCorp  POT 21029115 -4808625
TSX Venture short positions
Short positions outstanding at Aug. 31/14 (with changes from Aug. 15/14).
Largest short positions
Greenflag Ven.  GFV 4149000 3962500
Bayswater Uran. BYU 2529000 2524000
Fission Uran.  FCU 1639457 541400
Lomiko Metals LMR 1357000 766000
Aurcana  AUN 1332372 -89300
Elkwater Res.  ELW 1034500 314800
Athabasca Min.  ABM 727659 523000
Nexgen Energy  NXE 706800 447500
Mason Graph.  LLG 599400 326400
Robex Res.  RBX 563000 563000
Ultra Lithium  ULI 479000 479000
Passport Potash PPI 424000 424000
Northern Graph.  NGC 386352 140900
Kilo Goldmines  KGL 372500 372500
Commerce Res.  CCE 343000 343000
Largest increase in short position
Greenflag Ven.  GFV 4149000 3962500
Bayswater Uran. BYU 2529000 2524000
Lomiko Metals LMR 1357000 766000
Robex Res. RBX 563000 563000
Fission Uran. FCU 1639457 541400
Largest decrease in short position
Coastal Gold  COD 0 -1160000
VVC Exploration  VVC 0 -1000000
Niocorp Dev.  NB 60836 -633600
First Bauxite  FBX 0 -300000
Pure Gold  PGM 226000 -254000
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