Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 24, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,316.50 -0.75
Silver $21.44 -0.53
Platinum $1,423.00 -20
Palladium $713.00 7
     
Base Metals Price (US$/tonne) Change
Nickel $13,770.00 -200
Lead $2,066.50 -17
Copper $7,176.00 -98
Zinc $1,877.75 -20
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 23, 2013 (change from September 16, 2013 in brackets):
Aluminium Alloy 63220 (-460)
Aluminium 5416275 (+55900)
Copper 556875 (-17800)
Lead 243550 (+12325)
Nickel 219786 (+2784)
Tin 13715 (-565)
Zinc 977100 (-3000)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,600.00/t
Bismuth: Mid-mkt US$8.70/lb.
Cadmium 99.9: Mid-mkt US$1.00/lb.
Coal: CME Group Central Appalachian Coal Futures
Oct. 2013: US$51.61; Nov. 2013: US$51.76
Cobalt 99.8: US$14.50/lb.
Copper: Comex Copper Futures Oct. 2013: US$3.30/lb.; Comex Nov. 2013: $3.31/lb.
Germanium: US$1,850/kg.; Germanium Dioxide: US$1,375/kg.
Indium: NY Dealer Mid-mkt US$680.00/kg.
Iridium: Mid-mkt US$770.65/tr. oz.
Magnesium FOB China: Mid-mkt US$2,850.00/t.
Manganese FOB China: Mid-mkt US$2,200.00/t.
Molybdenum Oxide: US$9.75/lb.
Rhodium: Mid-mkt US$1,008.26/tr. oz.
Ruthenium: Mid-mkt US$68.96/tr. oz.
Selenium: Mid-mkt US$31.00/lb.
Silver: Base: US$21.26; Fabricated: US$25.51; Sterling: US$19.72
Tungsten: APT Tungstate FOB China mid-mkt: US$415.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$34.35/lb.; Uranium Exchange Co. spot price: US$34.65/lb.
Ferrovanadium: US$24.50/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Sept. 18, 2013

Daily metal prices
Date 23-Sep 20-Sep 19-Sep 18-Sep 17-Sep
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1785/1815 1790/1810 1800/1825 1790/1915 1770/1800
Aluminum 1754/1802 1771/1817 1783/1831 1784/1910 1729.50/1777
Copper 7180.50/7215 7294.50/7329 7301/7330 7117.50/7180 7056/7085
Lead 2042/2068.50 2075/2100 2091.50/2118 2074/2123 2022/2044
Nickel 13825/13915 14080/14195 14135/14200 13865/14100 13770/13860
Tin 22895/22950 23340/23200 23325/23345 22950/22950 22900/22970
Zinc 1842.50/1880 1858/1897 1875.50/1912 1869.50/1948 1822.50/1861.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1321.75 1355.25 1363.5 1299.75 1317.25
Gold PM 1323 1349.25 1365.5 1301 1312.25
Silver 21.68 22.74 23 21.47 21.97
Platinum 1424 1447 1469 1420 1436
Palladium 711 726 726 701 708
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 23-Sep 20-Sep 19-Sep 18-Sep 17-Sep  
US$ in C$ 1.0283 1.0287 1.0237 1.0312 1.0291  
C$ in US$ 0.9725 0.9721 0.9768 0.9697 0.9717  
             
EXCHANGE RATES (Bank of Canada, Sept 23, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9716 1.3874 0.01041 0.08046 0.1046 1.6491
In US$ 0.9449 1.3492 0.01012 0.07825 0.1017 1.6037
Canadian gold mutual funds
Fund name  Sept. 9  Sept. 3 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 20.41 20.9 -5.67 -27.1 -31.16 2.56 698.9
Altamira Pr & Str Mtl 10.36 10.7 -5.71 -53.4 -29.67 2.35 83.5
BMO Junior Gold Index ETF 8.68 8.94 -2.78 4.3 -38.5 0.58 108.4
BMO Pr Mtl 15.8 16.28 -2.75 -16.9 -29.71 2.29 133.6
CIBC Pr Mtl 10.98 11.21 -4.62 -41.2 -35.28 2.4 141.8
Dynamic Can Pr Mtl 7.43 7.59 -6.43 -84.7 -41.73 1.65 811.6
London Life Pr Mtl (MX) 21.81 22.18 -8.38 -37.8 -35.6 3.37 259.2
Mackenzie Un Pr Mtl C$ 10.73 10.73 -7.63 -71.1 -33.42 2.44 569.9
Middlefield Precious Metals 7.35 7.64 -12.38 -162 -38.23 2.48 8.5
Quadrus Mack Un Pr Mtl 27.28 28.13 -7.72 -27.4 -31.48 2.7 66.7
RBC Global Pr Mtl 32.46 33.4 -3.19 -9.6 -39.04 2.04 1380.4
Sentry Pr Mtl Growth 30.98 31.76 2.76 8.7 -37.24 2.75 731.5
Sprott Gold and Pr Minls 33 33.81 -11.45 -33.9 -36.84 2.84 854
Sprott Gold and Pr Minls F 33.27 34.04 -10.69 -31.4 -30.98 1.78 n/a
TD Pr Mtl 7.02 7.19 -7.05 -98.1 -31.07 2.15 313.9
TD Pr Mtl-A 12.35 12.35 -7.18 -58.1 -35.51 2.31 n/a
iShares Can Gold Sector Index 12.06 12.43 -5.17 -41.6 -35.61 0.55 1063.3
Featured fund: iShares Global Gold Index top holdings as of 06/3/13 (in weighted order): Goldcorp, Barrick Gold, Newmont Mining, Yamana Gold, Randgold Resources, Kinross Gold, AngloGold Ashanti, Franco-Nevada, Agnico Eagle Mines, Eldorado Gold.
TSX short positions
Short positions outstanding at Aug. 31/13 (with changes from Aug. 15/13).
Largest short positions
Kinross Gold  K 79342952 -206016
Lundin Mining  LUN 65679443 -1726405
New Gold  NGD 52269126 -833178
Yamana Gold  YRI 37251448 6107451
Osisko Mining  OSK 36809473 -225935
Turquoise Hill  TRQ 30521680 943328
Eldorado Gold  ELD 29695435 13344378
Cameco   CCO 22019109 5916041
Tahoe Res.  THO 20783132 -22415
Thompson Creek  TCM 19188947 -474914
Iamgold  IMG 18259137 -9883273
Teck Resources  TCK.B 17124806 -529134
B2gold   BTO 17052946 2946547
Potash Corp. POT 16428563 -5920350
Dundee Prec. DPM 15057144 -520828
Largest increase in short position
Eldorado Gold  ELD 29695435 13344378
Yamana Gold  YRI 37251448 6107451
Cameco    CCO 22019109 5916041
B2gold   BTO 17052946 2946547
Allied Nevada  ANV 6143335 1690975
Largest decrease in short position
Iamgold  IMG 18259137 -9883273
Silver Wheaton  SLW 5059192 -6292900
Potash Corp. POT 16428563 -5920350
First Quantum  FM 4673839 -5402385
Lundin Mining LUN 65679443 -1726405
TSX Venture short positions
Short positions outstanding at Aug. 31/13 (with changes from Aug. 15/13).
Largest short positions
Fire River Gold  FAU 2917000 1889000
Brazilian Gold BGC 1672300 1167300
Barkerville Gold  BGM 1295115 -439200
Kincora Copper KCC 1285000 1285000
Great Western  GWG 836161 -114292
Eagle Hill  EAG 777300 777300
Aldrin Resource  ALN 708500 278500
Fancamp Explr. FNC 610311 610000
Fission Uranium  FCU 603215 355500
Zenyatta Ventures  ZEN 562727 216892
Sirios Resources  SOI 491000 431000
Regulus Resources  REG 444000 -1721000
Pacific Potash  PP 430000 -1445000
Bellhaven Copper BHV 366333 92733
Woulfe Mining  WOF 360000 360000
Largest increase in short position
Fire River Gold  FAU 2917000 1889000
Kincora Copper  KCC 1285000 1285000
Brazilian Gold  BGC 1672300 1167300
Eagle Hill  EAG 777300 777300
Fancamp Explr FNC 610311 610000
Largest decrease in short position
Regulus Resources  REG 444000 -1721000
Pacific Potash  PP 430000 -1445000
Alpha Minerals  AMW 144097 -487500
Barkerville Gold  BGM 1295115 -439200
Caribou King  CKR 0 -400000
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