Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 2, 2014
Precious Metals	Price (US$/oz.)	Change
Gold	$1,277.75	-8.75
Silver	$19.20	-0.29
Platinum	$1,418.00	-4
Palladium	$901.00	15
Base Metals	Price (US$/tonne)	Change
Nickel	$18,672.00	-55
Lead	$2,247.00	15
Copper	$6,975.25	32.75
Zinc	$2,385.00	28.75

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 1, 2014 (change from August 26, 2014 in brackets):
Aluminium Alloy	31160	(-200)
Aluminium	4796075	(-37850)
Copper	148025	(+1800)
Lead	220550	(+3350)
Nickel	328860	(+2640)
Tin	12445	(-790)
Zinc	740575	(+6450)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,400/t
Bismuth: Mid-mkt US$12.30/lb.
Cadmium 99.9: Mid-mkt US$0.92/lb.
Coal: CME Group Central Appalachian Coal Futures
Oct. 2014: US$57.15; Nov. 2014: US$57.23
Cobalt 99.8: US$16.25/lb.
Copper: Comex Copper Futures Oct. 2014: US$3.1485/lb.; Comex Nov. 2014: $3.1495/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$629.52/tr. oz.
Magnesium FOB China: Mid-mkt US$2,600.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$2,700.00
Molybdenum Oxide: US$13.50/lb.
Rhodium: Mid-mkt US$1,376.43/tr. oz.
Ruthenium: Mid-mkt US$67.62/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$19.11; Fabricated: S$23.94; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$370.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$31.25/lb.; The UX Consulting Company spot price: US$31.00/lb.
Ferrovanadium: US$26.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Sept. 3, 2014

Daily metal prices
Date	1-Sep	29-Aug	28-Aug	27-Aug	26-Aug
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	2095/2110	2055/2070	2075/2095	2085/2100	2035/2050
Aluminum	2081.50/2095	2113.50/2113	2107.50/2088	2082/2086	2081.50/2088.50
Copper	6966/6941	6994/6970	7032/7000	7050/7029	7095/7068
Lead	2229.50/2230	2258/2251	2254/2252	2250/2257	2256/2262.50
Nickel	18655/18810	18450/18570	18640/18750	18630/18720	18800/18880
Tin	21675/21650	21800/21875	21795/21800	21905/21975	22070/22150
Zinc	2350/2359	2358/2360	2359/2359	2349/2353	2359/236
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1287.25	1285.75	1288	1285	1286.5
Gold PM	N/A	1285.75	1292	1282.75	1286
Silver	19.49	19.47	19.75	19.32	19.49
Platinum	N/A	1424	1428	1420	1423
Palladium	N/A	898	898	887	888

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	1-Sep	29-Aug	28-Aug	27-Aug	26-Aug
US$ in C$	N/A	1.0858	1.0857	1.0891	1.0951
C$ in US$	N/A	0.921	0.9211	0.9182	0.9132
EXCHANGE RATES (Bank of Canada, August 29, 2014)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0145	1.4278	0.01044	0.08308	0.1019	1.8007
In US$	0.9343	1.315	0.00962	0.07652	0.09385	1.6584

Canadian gold mutual funds
Fund name	Sept. 2	Aug. 26	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	21.8	22.01	-0.21	-0.01	29.15	2.76	239.72
Altamira Pr & Str Mtl	11.23	11.4	-0.17	-0.015	31.35	2.44	n/a
BMO Junior Gold Index ETF	8.22	8.3	-0.08	-0.01	33.5	0.62	63.06
BMO Pr Mtl	16	16.15	-0.15	-0.009	23.12	2.41	70.92
CIBC Pr Mtl	11.78	11.93	-0.15	-0.013	28.45	2.48	63.74
Dynamic  Pr Mtl	4.29	4.29	0	0	43.96	2.65	277.7
London Life Precious Mtl	23.47	23.86	-0.39	-0.016	35.14	3.55	131.08
Mackenzie Pr Mtl-A	42.54	43.24	-0.7	-0.016	36.09	2.61	326
RBC Global Pr Mtl	28.46	28.82	-0.36	-0.012	27.63	2.13	590.85
Sentry Pr Mtl Growth	35.79	36.11	-0.32	-0.009	38.39	2.77	524.78
Sprott Gold and PM-F	4.47	4.54	-0.07	-0.015	38.44	2.5	n/a
Sprott Gold and Pr Minls	33.13	33.66	-0.53	-0.016	37.05	2.93	239.46
TD Pr Mtl-A	7.57	7.67	-0.1	-0.013	27.1	2.45	n/a
TD Pr Mtl-I	35.91	36.35	-0.44	-0.012	27.25	2.27	143.74
iShares TSX Global Gold Index	12.42	12.43	-0.01	-0.001	26.07	0.55	703.3
Featured fund:  iShares S&P/TSX Global Gold Index top holdings as of 07/31/14 (in weighted order): Goldcorp, Barrick Gold, Newmont Mining, Franco-Nevada, Agnico Eagle Mines, Yamana Gold, Eldorado Gold, Royal Gold. Fund manager: BlackRock Asset Management.

North American stock exchange indices
						52-week
Date	1-Sep	29-Aug	28-Aug	27-Aug	26-Aug	High	Low
TSX Composite	N/A	15625.73	15558.17	15602.65	15619.21	15653.38	12653.9
S&P/TSX-Ven Comp	N/A	1023.99	1022.37	1019.34	1015.36	1050.26	883.52
S&P TSX 60	N/A	898.26	894.54	897.03	897.61	900.42	727.13
Global Gold	N/A	202.1	199.15	197.54	199.39	215.56	149.29
TSX Metals & Mining	N/A	879.99	877.34	897.02	904.29	954.68	703.86
Gold & Silver XAU	N/A	102.27	101.04	100.07	100.21	107.39	79.73
Amex Gold Bugs	N/A	245.53	242.46	239.74	240.02	261.36	188.39

TSX short positions
Short positions outstanding at Aug. 15/14 (with changes from July 30/14).
Largest short positions
Lundin Mining	CCO	56234648	-228332
Kinross Gold	K	38271275	750076
New Gold	NGD	30805555	-239049
PotashCorp	POT	25837740	223077
Yamana Gold	YRI	23860956	10820766
B2Gold	BTO	22860067	376819
Detour Gold	DGC	22248519	150478
Tahoe Res.	THO	17887100	-496356
Teck Res.	TCK.B	17754938	2963756
Cameco	CCO	14043651	1812400
Argonaut Gold	AR	11906952	-414499
Thompson Creek	TCM	11557098	-452882
Torex Gold	TXG	11225737	-8693094
First Majestic	FR	10709851	-66812
Dundee Pr Mtls	DPM	9646767	-418727
Largest increase in short position
Yamana Gold	YRI	23860956	10820766
Teck Res.	TCK.B	17754938	2963756
Eldorado Gold	ELD	7448805	2077494
Cameco	CCO	14043651	1812400
Goldcorp	G	4501682	959079
Largest decrease in short position
Torex Gold	TXG	11225737	-8693094
Rio Alto Min.	RIO	1523626	-7623200
Barrick Gold	ABX	8981061	-2991699
Elgin Mining	ELG	10000	-1500000
Dalradian Res.	DNA	144600	-1120400

TSX Venture short positions
Short positions outstanding at Aug. 15/14 (with changes from July 30/14).
Largest short positions
Aurcana	AUN	1421672	88000
Coastal Gold	COD	1160000	1160000
Fission Uran.	FCU	1098057	357800
VVC Exp.	VVC	1000000	1000000
Niocorp Dev.	NB	694436	691300
Lomiko Mtls	LMR	591000	591000
Pure Gold	PGM	480000	-27500
Arianne Phos.	DAN	390800	0
Gold Canyon	GCU	357800	217800
First Bauxite	FBX	300000	295000
Mason Graphite	LLG	273000	11500
Northern Grap.	NGC	245452	102900
Zenyatta Ven.	ZEN	226909	-228300
Lumina Copper	LCC	216993	21500
Gold Standard	GSV	213100	213000
Largest increase in short position
Coastal Gold	COD	1160000	1160000
VVC Exp.	VVC	1000000	1000000
Niocorp Dev.	NB	694436	691300
Lomiko Mtls	LMR	591000	591000
Fission Uran.	FCU	1098057	357800
Largest decrease in short position
Azincourt Uran	AAZ	0	-945900
Robex Res.	RBX	0	-477000
Glen Eagle Res	GER	0	-372500
Makena Res.	MKN	2000	-298000
Kaminak Gold	KAM	18931	-275500