Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 28, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,228.25 -23.5
Silver $17.18 -0.18
Platinum $1,258.00 -15
Palladium $787.00 24
     
Base Metals Price (US$/tonne) Change
Nickel $15,275.00 485
Lead $2,032.50 18.75
Copper $6,777.00 47
Zinc $2,254.75 -0.75
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 27, 2014 (change from October 20, 2014 in brackets):
Aluminium Alloy 26840 (-540)
Aluminium 4447200 (-60300)
Copper 159550 (+1825)
Lead 224400 (-300)
Nickel 378222 (+1716)
Tin 9105 (-50)
Zinc 711075 (-10500)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,100/t
Bismuth: Mid-mkt US$12.60/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group (CSX Coal) Futures:
Dec. 2014: US$52.50; Jan. 2015: US$53.15
Cobalt 99.8: US$14.90/lb.
Copper: Comex Copper Futures Nov. 2014: US$3.112/lb.; Comex Dec. 2014: $3.100/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$270/kg
Indium: NY Dealer Mid-mkt US$730.00/kg.
Iridium: Mid-mkt US$586.00/tr. oz.
Iron Ore:62% Fe, CFR China spot US$80.24/DMT
Magnesium FOB China: Mid-mkt US$2,500.00/t.
Manganese FOB China: Mid-mkt US$2,300.00/t.
Mercury (flask): US$2,600.00
Molybdenum Oxide: US$10.25/lb.
Rhodium: Mid-mkt US$1,240.00/tr. oz.
Ruthenium: Mid-mkt US$58.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$17.21per oz.; Fabricated: US$20.65 per oz.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$36.00/lb.; The UX Consulting Company spot price: US$36.50/lb.
Ferrovanadium: US$25.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Oct. 29, 2014

Daily metal prices
Date 27-Oct 24-Oct 23-Oct 22-Oct 21-Oct
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2080/2090 2080/2085 2080/2090 2085/2090 2085/2090
Aluminum 1963/1966 1950/1964 1984/1986 1979.50/1996 1971/1980
Copper 6800/6737.50 6759/6695 6717.50/6665 6730/6689.50 6658/6620
Lead 1986.50/2000 2010/2017.50 2005.50/2017 2036.50/2051 1999/2009
Nickel 14620/14775 15000/15050 14925/15000 15210/15295 15200/15300
Tin 19540/19575 19410/19400 19525/19575 19575/19500 19475/19475
Zinc 2248.50/2248 2263/2258 2229.50/2234 2244.50/2246 2187.50/2191.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1230.5 1231.75 1240.5 1246.75 1251.75
Gold PM 1228.75 1232.75 1232.75 1243.75 1250.25
Silver 17.18 17.19 17.07 17.36 17.36
Platinum 1253 1254 1261 1270 1281
Palladium 788 784 773 774 771
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 27-Oct 24-Oct 23-Oct 22-Oct 21-Oct  
US$ in C$ 1.1247 1.1213 1.1237 1.1219 1.1219  
C$ in US$ 0.8891 0.8918 0.8899 0.8913 0.8868  
             
EXCHANGE RATES (Bank of Canada, October 27, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9895 1.4297 0.01044 0.08288 0.1028 1.8145
In US$ 0.8798 1.2712 0.00928 0.07369 0.0914 1.6133

Canadian gold mutual funds
Fund name Oct.28 Oct.21 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.34 19.14 -0.8 -0.042 8.65 2.76 199.74
BMO Junior Gold Index ETF 6.34 6.75 -0.41 -0.061 3.06 0.62 52.6
BMO Pr Mtl 13.37 13.96 -0.59 -0.042 2.82 2.41 54.5
CIBC Pr Mtl 10.12 10.52 -0.4 -0.038 10.26 2.48 54.5
Dynamic  Pr Mtl 3.73 3.92 -0.19 -0.048 25.17 2.65 225.28
London Life Precious Mtl 18.51 19.44 -0.93 -0.048 6.59 3.55 106.96
Mackenzie Pr Mtl-A 33.6 35.27 -1.67 -0.047 7.48 2.61 262.83
National Bank Pr Mtl 9.46 9.8 -0.34 -0.035 10.64 2.44 n/a
RBC Global Pr Mtl 23.65 24.83 -1.18 -0.048 6.07 2.13 488.87
Sentry Pr Mtl Growth 28.52 30.3 -1.78 -0.059 10.24 2.77 415.3
Sprott Gold and PM-F 3.62 3.83 -0.21 -0.055 12.05 2.5 n/a
Sprott Gold and Pr Minls 26.76 28.37 -1.61 -0.057 10.7 2.93 198
TD Pr Mtl-A 6.41 6.7 -0.29 -0.043 7.58 2.45 n/a
TD Pr Mtl-I 30.4 31.79 -1.39 -0.044 7.73 2.27 n/a
iShares TSX Global Gold Index 9.9 10.29 -0.39 -0.038 2.07 0.55 573.22
Featured fund:  Dynamic Pr Mtl top holdings as of 03/31/14 (in weighted order): Osisko Mining, Papillon Resources, Randgold Resources, Torex Gold Resources, Fresnillo Plc, Augusta Resource, Northern Star Resource, Detour Gold, Roxgold, Tahoe Resources. Fund manager: Robert Cohen.
North American stock exchange indices
            52-week
Date 27-Oct 24-Oct 23-Oct 22-Oct 21-Oct High Low
TSX Composite 14469 14543.82 14486.83 14312.07 14547.71 15685.13 13059.74
S&P/TSX-Ven Comp 790.35 805.45 808.6 808 822.28 1050.26 768.7
S&P TSX 60 839.73 842.17 838.4 827.44 839.87 902.74 749.77
Global Gold 157.05 159.45 160.14 159.66 164.98 215.56 149.29
TSX Metals & Mining 684.3 696.93 701.87 695.25 717.17 954.68 670.39
Gold & Silver XAU 74.58 75.93 76.25 75.93 78.75 107.39 74.21
Amex Gold Bugs 182.04 184.39 184.95 184.58 190.63 261.36 181.15
TSX short positions
Short positions outstanding at Oct.15/14 (with changes from Sept.30/14).
Largest short positions
Lundin Mining LUN 61717125 6023500
B2Gold  BTO 34604210 9267452
Kinross Gold K 31818126 6854246
New Gold NGD 30842128 104900
Barrick Gold  ABX 27778384 -1616650
Detour Gold  DGC 20179088 933048
Yamana Gold  YRI 14275385 8697727
Argonaut Gold  AR 13014427 753194
Eldorado Gold  ELD 10771289 2388106
Thompson Creek Mtl  TCM 10751781 195234
First Majestic Silver  FR 10664858 192759
Silver Wheaton  SLW 10426103 225631
Dundee Precious Mtl  DPM 10070286 280713
First Quantum  FM 8750878 106778
Largest increase in short position
B2Gold BTO 34604210 9267452
Yamana Gold YRI 14275385 8697727
Kinross Gold K 31818126 6854246
Lundin Mining LUN 61717125 6023500
Torex Gold  TXG 8719168 5418925
Largest decrease in short position
PotashCorp  POT 7532622 -1.2E+07
Barrick Gold  ABX 27778384 -1616650
Iamgold  IMG 2322442 -466321
Premier Gold Mines  PG 1052407 -413593
Allied Nevada Gold  ANV 2106340 -371320
TSX Venture short positions
Short positions outstanding at Oct.15/14 (with changes from Sept.30/14).
Largest short positions
African Metals  AFR 1517700 1517700
Aurcana  AUN 1230872 25500
Robex Res.  RBX 812000 81500
Roxgold ROG 523862 464800
Quaterra Res. QTA 486000 486000
Integra Gold  ICG 461500 321000
Agriminco  ANO 440000 440000
Graphite One Res.  GPH 354500 83500
Northern Graphite NGC 317852 195100
Northern Lion Gold NL 315000 315000
Newport Exp.  NWX 310000 310000
Zenyatta Vent. ZEN 273909 -37000
Temex Resources TME 270100 270000
Elkwater Res.  ELW 231200 -456300
Commerce Res.  CCE 178000 -1121000
Largest increase in short position
African Metals AFR 1517700 1517700
Quaterra Res. QTA 486000 486000
Roxgold ROG 523862 464800
Agriminco ANO 440000 440000
Integra Gold ICG 461500 321000
Largest decrease in short position
Nexgen Energy  NXE 31800 -1145300
Commerce Res. CCE 178000 -1121000
Metanor Res.  MTO 6100 -695500
Gold Bullion Dev.  GBB 0 -688000
Amex Expl.  AMX 0 -570000
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