Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, August 19, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,300.25 -10.75
Silver $19.66 -0.42
Platinum $1,447.00 -24
Palladium $895.00 20
     
Base Metals Price (US$/tonne) Change
Nickel $18,553.00 74
Lead $2,224.00 8
Copper $6,877.75 -26.5
Zinc $2,308.50 26.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 11, 2014 (change from August 4, 2014 in brackets):
Aluminium Alloy 32620 (-1180)
Aluminium 4880125 (-31775)
Copper 141275 (-100)
Lead 215675 (-225)
Nickel 324984 (+6234)
Tin 12790 (+10)
Zinc 737400 (-31275)

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
Sept. 2014: US$59.88; Oct. 2014: US$59.73
Cobalt 99.8: US$16.25/lb.
Copper: Comex Copper Futures Sept. 2014: US$3.169/lb.; Comex Oct. 2014: $3.178/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$625.22/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$1,323.70/tr. oz.
Ruthenium: Mid-mkt US$68.00/tr. oz.
Selenium: Mid-mkt US$26.00/lb.
Silver: Base: US$19.42; Fabricated: US$23.30; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$370.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$30.50/lb.; Uranium Exchange Co. spot price: US$31.00/lb.
Ferrovanadium: US$26.50/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Aug. 20, 2014

Daily metal prices
Date 18-Aug 15-Aug 14-Aug 13-Aug 12-Aug
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1990/2000 1990/2005 1985/2005 1995/2015 1980/2000
Aluminum 1994/1994 1979/1988.50 2004.50/2021 2025.50/2043 2039.50/2050.50
Copper 6909.50/6886.50 6852/6843 6886/6872.50 6925/6916 7025/7010
Lead 2200/2207 2194/2202.50 2205/2213 2230/2242 2259/2270
Nickel 18415/18450 18500/18550 18530/18610 18570/18675 18845/18950
Tin 22415/22400 22375/22375 22375/22445 22475/22520 22450/22500
Zinc 2262/2245 2259/2264 2294/2296 2296.50/2304 2328.50/2338
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1302.75 1313.6 1315 1309.25 1311
Gold PM 1296.75 1296 1313.5 1312 1315.75
Silver 19.59 19.86 19.86 19.9 20.08
Platinum 1448 1446 1468 1471 1473
Palladium 898 878 882 881 883
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 18-Aug 15-Aug 14-Aug 13-Aug 12-Aug  
US$ in C$ 1.0889 1.091 1.0911 1.0929 1.0944  
C$ in US$ 0.9184 0.9166 0.9165 0.915 0.9137  
             
EXCHANGE RATES (Bank of Canada, August 18, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0158 1.4546 0.01062 0.08344 0.1026 1.8206
In US$ 0.9329 1.3358 0.00975 0.07663 0.09422 1.672
Canadian gold mutual funds
Fund name Aug. 12 Aug. 5 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 22.93 22.23 0.7 0.031 35.84 2.76 239.72
Altamira Pr & Str Mtl 12.01 11.47 0.54 0.047 40.47 2.44 n/a
BMO Junior Gold Index ETF 8.55 8.18 0.37 0.045 38.97 0.62 63.06
BMO Pr Mtl 16.79 16.17 0.62 0.038 29.15 2.41 70.92
CIBC Pr Mtl 12.59 12.32 0.27 0.022 37.18 2.48 63.74
Dynamic  Pr Mtl 4.59 4.42 0.17 0.038 54.03 2.65 277.7
London Life Precious Mtl 25.15 24.39 0.76 0.031 44.84 3.55 131.08
Mackenzie Pr Mtl-A 45.57 44.16 1.41 0.032 45.78 2.61 326
RBC Global Pr Mtl 30.3 29.2 1.1 0.038 35.87 2.13 590.85
Sentry Pr Mtl Growth 37.72 37.06 0.66 0.018 45.84 2.77 524.78
Sprott Gold and PM-F 4.67 4.5 0.17 0.038 44.57 2.5 n/a
Sprott Gold and Pr Minls 34.62 33.35 1.27 0.038 43.23 2.93 239.46
TD Pr Mtl-A 8.07 7.8 0.27 0.035 35.47 2.45 n/a
TD Pr Mtl-I 38.26 36.96 1.3 0.035 35.58 2.27 n/a
iShares TSX Global Gold Index 12.94 12.39 0.55 0.044 33.26 0.55 703.3
Featured fund:  TD Pr Mtl-A top holdings as of 08/31/13 (in weighted order): Goldcorp, Franco-Nevada, Silver Wheaton, Freeport McMoRan Copper & Gold, iShares Gold Bullion ETF, Barrick Gold, Yamana Gold, Agnico Eagle Mines, Osisko Mining, Kinross Gold, B2Gold, Torex Gold Resources, Fortuna Silver Mines, New Gold. Fund manager: Anish Chopra.
North American stock exchange indices
            52-week
Date 18-Aug 15-Aug 14-Aug 13-Aug 12-Aug High Low
TSX Composite 15338.47 15304.24 15291.18 15262.73 15274.23 15527.3 12542.84
S&P/TSX-Ven Comp 990.62 995.9 996.22 999.76 998.71 1050.26 883.52
S&P TSX 60 881.43 880.09 879.7 876.6 877.97 896.74 716.98
Global Gold 204.44 204.05 205.89 207.8 207.69 218.9 149.29
TSX Metals & Mining 887.31 885.07 879.53 895.27 900.72 954.68 703.86
Gold & Silver XAU 102.47 101.97 102.6 103.83 103.85 115.21 79.73
Amex Gold Bugs 246.09 245.66 247.93 248.73 244.26 283.23 188.39
TSX short positions
Short positions outstanding at July 31/14 (with changes from July 15/14).
Largest short positions
Lundin Mining  LUN 56462980 -28230
Kinross  K 37521199 17393070
New Gold  NGD 31044604 252549
PotashCorp  POT 25614663 14729289
B2gold  BTO 22483248 1335758
Detour Gold  DGC 22098041 -864351
Torex Gold  TXG 19918831 6553271
Tahoe Res.  THO 18383456 -69633
Teck   TCK.B 14791182 3628344
Yamana  YRI 13040190 770373
Argonaut Gold  AR 12321451 404209
Cameco  CCO 12231251 4969217
Thompson Creek  TCM 12009980 -86108
Barrick Gold ABX 11972760 -1.1E+07
First Majestic  FR 10776663 108846
Largest increase in short position
Kinross K 37521199 17393070
PotashCorp POT 25614663 14729289
Torex Gold TXG 19918831 6553271
Cameco CCO 12231251 4969217
Teck   TCK.B 14791182 3628344
Largest decrease in short position
Barrick Gold ABX 11972760 -1.1E+07
Hudbay Min.  HBM 4849610 -4266079
Eldorado Gold  ELD 5371311 -3345658
Dundee Precious Mtls  DPM 10065494 -2116717
Pretium Res.  PVG 1044792 -1712886
TSX Venture short positions
Short positions outstanding at July 31/14 (with changes from July 15/14).
Largest short positions
Aurcana  AUN 1333672 165571
Azincourt Uran.&nb
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AAZ 945900 911900
Fission Uran.  FCU 740257 46857
Pure Gold Min.  PGM 507500 507500
Robex Res.  RBX 477000 128000
Zenyatta  ZEN 455209 39492
Nemaska Lit.  NMX 397000 -7500
Arianne Phos.  DAN 390800 -26400
Glen Eagle Res.  GER 372500 372500
Superior Copper  SPC 303100 -91000
Makena Res.  MKN 300000 300000
Kaminak Gold  KAM 294431 -781769
West African Res. WAF 279500 279500
Aftermath Sil.  AAG 269800 269800
Mason Graphite  LLG 261500 156500
Largest increase in short position
Azincourt Uran. AAZ 945900 911900
Pure Gold Min. PGM 507500 507500
Glen Eagle Res. GER 372500 372500
Makena Res. MKN 300000 300000
West African Res.  WAF 279500 279500
Largest decrease in short position
Commerce Res. CCE 0 -1175000
Atac Res. ATC 37048 -921152
Kaminak Gold  KAM 294431 -781769
Mindoro  MIO 0 -661100
Lamelee Iron Ore LIR 0 -468500
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