Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 1, 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 $13,750.00 -180
Lead $2,071.00 -45.25
Copper $7,174.00 -126.5
Zinc $1,880.00 -38
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 30, 2013 (change from September 23, 2013 in brackets):
Aluminium Alloy 62300 (-920)
Aluminium 5381000 (-35275)
Copper 538025 (-18850)
Lead 239850 (-3700)
Nickel 226068 (+6282)
Tin 13415 (-300)
Zinc 966425 (-10675)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,600.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium 99.9: Mid-mkt US$1.00/lb.
Coal: CME Group Central Appalachian Coal Futures
Nov. 2013: US$52.40; Dec. 2013: US$52.71
Cobalt 99.8: US$14.70/lb.
Copper: Comex Copper Futures Oct. 2013: US$3.31/lb.; Comex Nov. 2013: $3.31/lb.
Germanium: US$1,850/kg.; Germanium Dioxide: US$1,850/kg.
Indium: NY Dealer Mid-mkt US$690.00/kg.
Iridium: Mid-mkt US$718.48/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Molybdenum Oxide: US$9.65/lb.
Rhodium: Mid-mkt US$1,000.00/tr. oz.
Ruthenium: Mid-mkt US$62.13/tr. oz.
Selenium: Mid-mkt US$32.00/lb.
Silver: Base: US$21.81; Fabricated: US$26.17; Sterling: US$20.23
Tungsten: APT Tungstate FOB China mid-mkt: US$410.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.00/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current Oct. 2, 2013

Daily metal prices
Date 30-Sep 27-Sep 26-Sep 25-Sep 24-Sep
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1780/1810 1760/1800 1770/1800 1755/1785 1765/1805
Aluminum 1802.50/1849 1789/1834 1761/1808 1751/1796 1753/1800
Copper 7290/7295 7252/7275 7220/7244.50 7154.50/7188 7140/7172
Lead 2074/2102.50 2085.50/2110 2060/2090 2042/2072 2044.50/2072.50
Nickel 13850/13930 13880/13965 13775/13860 13700/13765 13675/13770
Tin 23390/23395 23445/23400 23275/23345 22975/23025 22920/22900
Zinc 1876/1913 1879.50/1912 1860/1895.50 1841/1882 1844.50/1885
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PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1335.75 1321.5 1332.5 1320.25 1316.5
Gold PM 1326.5 1341 1333 1322.75 1314.25
Silver 21.68 21.61 21.97 21.68 21.44
Platinum 1411 1416 1424 1426 1422
Palladium 726 725 724 719 713
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 30-Sep 27-Sep 26-Sep 25-Sep 24-Sep  
US$ in C$ 1.0285 1.03 1.0321 1.0295 1.0295  
C$ in US$ 0.9723 0.9709 0.9689 0.9713 0.9713  
             
EXCHANGE RATES (Bank of Canada, Sept 30, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9607 1.392 0.01046 0.07819 0.1024 1.6639
In US$ 0.9341 1.3534 0.01017 0.07602 0.09956 1.6178
Canadian gold mutual funds
Fund name  Sept. 30  Sept. 23 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.36 20.9 -5.67 -27.1 -38.07 2.56 698.9
Altamira Pr & Str Mtl 9.35 10.7 -5.71 -53.4 -36.52 2.35 83.5
BMO Junior Gold Index ETF 7.39 8.68 -2.78 4.3 -47.64 0.58 108.4
BMO Pr Mtl 14.14 16.28 -2.75 -16.9 -37.09 2.29 133.6
CIBC Pr Mtl 10.19 11.21 -4.62 -41.2< /td>

-39.98 2.4 141.8
Dynamic Can Pr Mtl 6.54 7.59 -6.43 -84.7 -48.71 1.65 811.6
London Life Precious Mtl 19.28 21.87 -8.38 -38.3 -43.04 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 6.43 7.35 -12.38 -168.4 -45.98 2.48 8.5
Quadrus Mack Un Pr Mtl 27.28 27.28 -7.72 -28.3 -31.48 2.7 66.7
RBC Global Pr Mtl 24.6 32.46 -3.19 -9.8 -38.21 2.04 1380.4
Sentry Pr Mtl Growth 28.92 30.98 2.76 8.9 -45.68 2.75 731.5
Sprott Gold and Pr Minls 27.41 33 -11.45 -34.7 -44.47 2.84 854
Sprott Gold and Pr Minls F 29.21 33.27 -10.69 -32.1 -44.09 1.78 n/a
TD Pr Mtl 30.29 7.02 -7.05 -100.4 -37.16 2.15 313.9
TD Pr Mtl-A 6.39 12.35 -7.18 -58.1 -37.24 2.31 n/a
iShares TSX Global Gold Index 10.68 12.06 -5.17 -42.9 -35.61 0.55 802.1
Featured Fund: AGF Precious Metals Index top holdings as of 06/3/13 (in weighted order): Tahoe Resources, B2Gold, Argonaut Gold, Goldcorp, Randgold, Silver Wheaton, Agnico Eagle Mines, Stillwater Mining, Eldorado Gold. Fund manager: Bob Lyon.
North American stock exchange indices
            52-week
Date 30-Sep 27-Sep 26-Sep 25-Sep 24-Sep High Low
TSX Composite 12787.19 12844.08 12841.62 12836.71 12848.89 12964.86 11759.04
S&P/TSX-Ven Comp 941.15 952.86 948.13 947.7 946.12 1349.32 859.31
S&P TSX 60 730.49 735.56 735.54 737.62 734.03 743.41 672.36
Global Gold 176.05 175.99 175.92 179.26 175.44 354.56 154
TSX Metals & Mining 796.32 806.19 819.1 812.98 803.85 1050.76 662.2
Gold & Silver XAU 93.42 93.74 93.77 95.28 93.72 194.99 82.29
Amex Gold Bugs 229.91 230.31 230.73 234.06 229.52 522.64 206.66
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
Shor
t 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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