Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 30, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,210.00 -15
Silver $17.11 -0.81
Platinum $1,307.00 -36
Palladium $786.00 -30
     
Base Metals Price (US$/tonne) Change
Nickel $16,558.00 -115
Lead $2,098.00 0.5
Copper $6,685.00 -56
Zinc $2,301.25 12
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 29, 2014 (change from September 22, 2014 in brackets):
Aluminium Alloy 27900 (-900)
Aluminium 4626050 (-35900)
Copper 154100 (+400)
Lead 225300 (+25)
Nickel 353340 (+14304)
Tin 9370 (-475)
Zinc 752025 (-2675)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,100/t
Bismuth: Mid-mkt US$12.70/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group Central Appalachian Coal Futures
Nov. 2014: US$52.93; Dec. 2014: US$53.65
Cobalt 99.8: US$15.75/lb.
Copper: Comex Copper Futures Oct. 2014: US$3.010/lb.; Comex Nov. 2014: $3.010/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$275/kg
Indium: NY Dealer Mid-mkt US$730.00/kg.
Iridium: Mid-mkt US$600.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,550.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$2,600.00
Molybdenum Oxide: US$11.50/lb.
Rhodium: Mid-mkt US$1,290.00/tr. oz.
Ruthenium: Mid-mkt US$61.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$17.50 per oz.; Fabricated: US$21.00 per oz.
Tungsten: APT Tungstate FOB China mid-mkt: US$360.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$36.50/lb.; The UX Consulting Company spot price: US$35.50/lb.
Ferrovanadium: US$25.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Sept. 30, 2014

Daily metal prices
Date 29-Sep 26-Sep 25-Sep 24-Sep 23-Sep
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2065/2080 2075/2090 2045/2060 2075/2090 2080/2095
Aluminum 1913/1947 1924/1956 1926.50/1960 1922/1956.50 1939/1973
Copper 6735/6694 6770/6720.50 6765/6725 6749.50/6714 6796.50/6749.50
Lead 2056/2062 2073/2085 2073.50/2088.50 2057/2068 2073.50/2083
Nickel 16505/16560 17270/17375 17205/17305 17180/17250 17130/17225
Tin 20530/20595 20425/20500 20675/20750 21295/21250 21155/21150
Zinc 2252.50/2262 2270/2277 2262.50/2272.50 2249.50/2260 2240.50/2250
           
PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)
Gold AM 1217.75 1222.25 1210.5 1224 1225
Gold PM 1219.5 1213.75 1213.75 1217.25 1222
Silver 17.58 17.54 17.52 17.76 17.92
Platinum 1306 1304 1310 1328 1337
Palladium 786 802 807 821 811
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 29-Sep 26-Sep 25-Sep 24-Sep 23-Sep  
US$ in C$ 1.1145 1.1164 1.1106 1.109 1.106  
C$ in US$ 0.8973 0.8957 0.9004 0.9017 0.9042  
             
EXCHANGE RATES (Bank of Canada, September 29, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9737 1.4159 0.01019 0.0827 0.09896 1.813
In US$ 0.8737 1.2704 0.00914 0.0742 0.08879 1.6267
Canadian gold mutual funds
Fund name Sept. 30 Sept. 23 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.96 19.55 -0.59 -0.03 12.32 2.76 238.7
Altamira Pr & Str Mtl 9.63 9.92 -0.29 -0.029 12.63 2.44 n/a
BMO Junior Gold Index ETF 6.7 7 -0.3 -0.043 8.93 0.62 66.58
BMO Pr Mtl 13.83 14.4 -0.57 -0.04 6.34 2.41 71.59
CIBC Pr Mtl 10.4

10.7 -0.3 -0.028 13.4 2.48 63.01
Dynamic  Pr Mtl 3.62 3.7 -0.08 -0.022 21.48 2.65 278.97
London Life Precious Mtl 19.43 20.03 -0.6 -0.03 11.88 3.55 132.74
Mackenzie Pr Mtl-A 35.24 36.32 -1.08 -0.03 12.75 2.61 329.02
RBC Global Pr Mtl 24.37 25.27 -0.9 -0.036 9.27 2.13 n/a
Sentry Pr Mtl Growth 29.75 30.78 -1.03 -0.033 15.02 2.77 528.43
Sprott Gold and PM-F 3.78 3.92 -0.14 -0.036 17.07 2.5 n/a
Sprott Gold and Pr Minls 27.99 29.05 -1.06 -0.036 15.79 2.93 243.51
TD Pr Mtl-A 6.63 6.8 -0.17 -0.025 11.25 2.45 n/a
TD Pr Mtl-I 31.43 32.27 -0.84 -0.026 11.37 2.27 n/a
iShares TSX Global Gold Index 10.38 10.76 -0.38 -0.035 7.04 0.55 718.33
Featured fund:  BMO Junior Gold Index ETF top holdings as of 08/31/14 (in weighted order): Royal Gold, New Gold, Detour Gold, B2Gold, Iamgold, Semafo, Torex Gold Resources, Alamos Gold, AuRico Gold, Primero Mining, Centerra Gold, NovaGold Resources, Coeur Mining, Sandstorm Gold, Argonaut Gold. Fund manager: Jones Heward Investment Counsel. 
North American stock exchange indices
            52-week
Date 29-Sep 26-Sep 25-Sep 24-Sep 23-Sep High Low
TSX Composite 14976.92 15026.77 14893.57 15120.54 15125.67 15685.13 12678.02
S&P/TSX-Ven Comp 912.76 919.42 911.27 924.09 925.18 1050.26 883.52
S&P TSX 60 864.56 869.19 860.56 874.34 876.42 902.74 727.59
Global Gold 168.95 170.72 172.22 170.58 172.67 215.56 149.29
TSX Metals & Mining 801.94 815.67 804.26 818.61 798.95 954.68 703.86
Gold & Silver XAU 82.85 83.92 84.95 84.98 85.88 107.39 79.73
Amex Gold Bugs 199.55 201.69 204.68 204.05 206.55 261.36 188.39
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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