Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, July 8 2014
Precious Metals Price (US$/oz.) Change
Gold $1,318.25 -7.5
Silver $21.08 0
Platinum $1,493.00 7
Palladium $868.00 23
     
Base Metals Price (US$/tonne) Change
Nickel $19,702.00 372
Lead $2,210.00 17.75
Copper $7,160.00 19.75
Zinc $2,291.00 28.75
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 7, 2014 (change from June 30, 2014 in brackets):
Aluminium Alloy 35400 (-860)
Aluminium 5038525 (-7675)
Copper 159350 (+4675)
Lead 213600 (+19800)
Nickel 305394 (+504)
Tin 11825 (+440)
Zinc 663650 (-4825)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,600/t
Bismuth: Mid-mkt US$10.70/lb.
Cadmium 99.9: Mid-mkt US$0.87/lb.
Coal: CME Group Central Appalachian Coal Futures
Aug. 2014: US$60.23; Sept. 2014: US$60.22
Cobalt 99.8: US$14.00/lb.
Copper: Comex Copper Futures Aug. 2014: US$3.25/lb.; Comex Sept. 2014: $3.26/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,350/kg
Gallium: US$290/kg
Indium: NY Dealer Mid-mkt US$720.00/kg.
Iridium: Mid-mkt US$604.35/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$3,000
Molybdenum Oxide: US$14.25/lb.
Rhodium: Mid-mkt US$1,119.57/tr. oz.
Ruthenium: Mid-mkt US$69.48/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$20.96; Fabricated: US$25.15; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$28.20/lb.; Uranium Exchange Co. spot price: US$28.35/lb.
Ferrovanadium: US$27.00/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current July 9, 2014

Daily metal prices
Date 7-Jul 4-Jul 3-Jul 2-Jul 1-Jul
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1980/1990 1990/1995 1990/1995 1985/1990 1985/1990
Aluminum 1893/1926 1892.50/1925 1889/1918 1861/1888 1837/1870
Copper 7120/7115 7158/7150 7120.50/7117.50 7048/7034 7014.50/6995
Lead 2160/2191.50 2155.50/2185 2160/2190 2138/2165.50 2128.50/2162
Nickel 19175/19275 19380/19450 19785/19845 19060/19150 18845/18925
Tin 22700/22700 22775/22800 22800/22850 22750/22755 22575/22575
Zinc 2246/2247 2235/2239 2229.50/2233 2207/2203 2193.50/2193
        &nb
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PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1313.25 1321.5 1322.5 1326.75 1325.75
Gold PM 1313 1319.25 1317.5 1326.5 1327.5
Silver 20.95 21.12 21 21.04 21.08
Platinum N/A 1503 1502 1511 1497
Palladium N/A 866 855 855 849
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 7-Jul 4-Jul 3-Jul 2-Jul 1-Jul  
US$ in C$ 1.0662 1.0639 1.0634 1.0667 N/A  
C$ in US$ 0.9379 0.9399 0.9404 0.9375 N/A  
             
EXCHANGE RATES (Bank of Canada, July 7, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9991 1.4504 0.01047 0.08198 0.09883 1.8261
In US$ 0.9371 1.3603 0.00982 0.07689 0.09269 1.7127

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Canadian gold mutual funds
Fund name  July 8  June 30 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 22.26 22.14 0.12 0.005 31.87 2.76 209.94
Altamira Pr & Str Mtl 11.49 11.49 0 0 34.39 2.44 83.5
BMO Junior Gold Index ETF 8.48 8.66 -0.18 -0.021 37.82 0.62 52.97
BMO Pr Mtl 16.2 16.29 -0.09 -0.006 24.57 2.41 64.2
CIBC Pr Mtl 12.36 12.37 -0.01 34.73 2.48 54.91
Dynamic  Pr Mtl 4.35 4.32 0.03 0.007 45.97 2.65 238.32
London Life Precious Mtl 24.25 23.72 0.53 0.022 39.6 3.55 115.4
Mackenzie Pr Mtl-A 43.88 43.68 0.2 0.005 40.39 2.61 283.9
RBC Global Pr Mtl 29.14 29.17 -0.03 -0.001 30.66 2.13 504.98
Sentry Pr Mtl Growth 38.08 38.26 -0.18 -0.005 47.2 2.77 438.9
Sprott Gold and PM-F 4.57 4.53 0.04 0.009 41.51 2.5 n/a
Sprott Gold and Pr Minls 33.92 33.64 0.28 0.008 40.32 2.93 196.22
TD Pr Mtl-A 7.87 7.59 0.28 0.037 32.04 2.45 114.2
TD Pr Mtl-I 37.29 36.62 0.67 0.018 32.14 2.27 313.9
iShares TSX Global Gold Index 12.24 12.25 -0.01 -0.001 26.05 0.55 554.06
Featured fund:  RBC Global Pr Mtl top holdings as of 07/31/13 (in weighted order): Yamana Gold, Goldcorp, Randgold Resources, Franco-Nevada, Silver Wheaton, B2Gold, New Gold, Eldorado Gold, Osisko Mining, Primero Mining. Fund manager: Chris Beer.
North American stock exchange indices
            52-week
Date 7-Jul 4-Jul 3-Jul 2-Jul 1-Jul High Low
TSX Composite 15172.93 15214.96 15207.11 15209.79 N/A 15256.36 12134.91
S&P/TSX-Ven Comp 1030.63 1037.76 1037.79 1036.07 N/A 1050.26 873.06
S&P TSX 60 868.93 869.81 869.06 869.64 N/A 872.62 694.65
Global Gold 193.64 194.67 196.93 196.54 192.98 218.9 149.29
TSX Metals & Mining 918.3 903.76 908.74 878.82 846.25 918.3 682.39
Gold & Silver XAU 99.98 N/A 101.48 101.34 99.95 115.21 79.73
Amex Gold Bugs 235.7 N/A 239.71 241.16 238.1 283.23 188.39
TSX short positions
Short positions outstanding at June 30/14 (with changes from June 15/14).
Largest short positions
Lundin Mining LUN 59071072 1339333
New Gold NGD 34072424 -1111200
Barrick Gold  ABX 30989569 10784908
Detour Gold DGC 23601070 21630
Potash Corp POT 19600944 366119
B2Gold BTO 19042936 3359712
Tahoe Res.  THO 18746548 126108
Kinross Gold K 16263031 -1.4E+07
Torex Gold  TRQ 12990721 -267546
Thompson Creek  TCM 12870506 -241800
Dundee Precious  DPM 12200657 -20374
Eldorado Gold  ELD 11895632 -1.3E+07
Argonaut Gold  AR 11582293 -361774
First Majestic  FR 10923529 64183
Torex Gold  TXG 9642087 3048387
Largest increase in short position
Barrick Gold  ABX 30989569 10784908
B2Gold  BTO 19042936 3359712
Torex Gold  TXG 9642087 3048387
Lundin Mining   LUN 59071072 1339333
Potash Corp  POT 19600944 366119
Largest decrease in short position
Kinross Gold  K 16263031 -1.4E+07
Eldorado Gold ELD 11895632 -1.3E+07
New Gold NGD 34072424 -1111200
Argonaut Gold  AR 11582293 -361774
Turquoise Hill  TRQ 12990721 -267546
TSX Venture short positions
Short positions outstanding at June 30/14 (with changes from June 15/14)
Largest short positions
Algold Res.  ALG 1274900 -78500
Aurcana AUN 1037101 498300
Atac Res.  ATC 968552 -11000
Kaminak Gold< /td>

KAM 780045 486300
Niocorp Dev.  NB 414500 278100
Zenyatta Ven.   ZEN 321671 55573
Lumina Copper  LCC 304600 280200
Passport Pot.  PPI 261000 171000
Gold Standard   GSV 250600 -6900
Agriminco ANO 250000 250000
Murgor Res.  MGR 200000 63000
Mindoro Res.  MIO 200000 -351200
Selwyn Res.  SWN 200000 0
True Gold    TGM 159372 -22500
Castle Mountain  CMM 147500 66000
Largest increase in short position
Aurcana AUN 1037101 498300
Kaminak Gold  KAM 780045 486300
Lumina Copper  LCC 304600 280200
Niocorp Dev.  NB 414500 278100
Agriminco  ANO 250000 250000
Largest decrease in short position
Mindoro Res. MIO 200000 -351200
Algold Res.  ALG 1274900 -78500
True Gold  TGM 159372 -22500
Atac Res.  ATC 968552 -11000
Gold Standard  GSV 250600 -6900
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