Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, October 14, 2014
Precious Metals Price (US$/oz.) Change
Gold 1737.50 -33.25
Silver 32.80 -1.07
Platinum 1641.00 -59.00
Palladium 637.00 -23.00
     
Base Metals Price (US$/tonne) Change
Nickel 16353.00 -105.00
Lead 2057.75 -9.75
Copper 6774.25 64.75
Zinc 2332.00 -4.00

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,100/t

Bismuth: Mid-mkt US$12.70/lb.

Cadmium 99.9: Mid-mkt US$0.90/lb.

Coal: CME Group Central Appalachian Coal Futures

Nov. 2014: US$51.00; Dec. 2014: US$51.83

Cobalt 99.8: US$15.50/lb.

Copper: Comex Copper Futures Nov. 2014: US$3.050/lb.; Comex Dec. 2014: $3.019/lb.

Germanium: US$1,950/kg.

Germanium Dioxide: US$1,350/kg

Gallium: US$270/kg

Indium: NY Dealer Mid-mkt US$730.00/kg.

Iridium: Mid-mkt US$580.00/tr. oz.

Iron Ore:62% Fe, CFR China spot US$80.24/DMT

Magnesium FOB China: Mid-mkt US$2,550.00/t.

Manganese FOB China: Mid-mkt US$2,300.00/t.

Mercury (flask): US$2,600.00

Molybdenum Oxide: US$9.50/lb.

Rhodium: Mid-mkt US$1,266.00/tr. oz.

Ruthenium: Mid-mkt US$58.00/tr. oz.

Selenium: Mid-mkt US$26.00/lb.

Silver: Base: US$17.36per oz.; Fabricated: US$20.83 per oz.

Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu

Uranium: U3O8, Trade Tech spot price: US$35.30/lb.; The UX Consulting Company spot price: US$35.65/lb.

Ferrovanadium: US$25.50/kg; Vanadium-Pentoxide: US$5.50/lb.

Prices current Oct. 15, 2014

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 13, 2014 (change from October 6, 2014 in brackets):
Aluminium Alloy 27700 (-120)
Aluminium 4545700 (-44000)
Copper 151225 (+1175)
Lead 225650 (+400)
Nickel 368364 (+4032)
Tin 9115 (+155)
Zinc 729025 (-13400)
Daily metal prices
Date Oct-13 Oct-10 Oct-09 Oct-08 Oct-07
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 2075/2090 2080/2095 2105/2120 2065/2080 2085/2100
Aluminum 1903/1933 1891/1922 1923/1955 1920/1950 1885.50/1916
Copper 6800/6725 6696/6635 6766.50/6712 6754.50/6705 6714.50/6680
Lead 2071/2075 2056/2065 2081/2093.50 2093/2101 2094.50/2105
Nickel 16385/16475 16305/16395 16625/16700 16695/16750 16725/16830
Tin 20150/20150 20095/20075 20200/20175 20215/20295 20250/20275
Zinc 2322/2325 2310.50/2314 2327.50/2338 2331.50/2340 2307/2319
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1228.00 1222.25 1227.50 1220.00 1207.50
Gold PM 1229.00 1219.00 1226.75 1217.00 1210.50
Silver 17.41 17.26 17.64 17.35 17.36
Platinum 1257.00 1256.00 1282.00 1275.00 1259.00
Palladium 788.00 784.00 809.00 798.00 778.00
Exchnage rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date Oct-13 Oct-10 Oct-09 Oct-08 Oct-07  
US$ in C$ N/A 1.1177 1.1149 1.1182 1.1182  
C$ in US$ N/A 0.8947 0.8969 0.8943 0.8943  
             
EXCHANGE RATES (Bank of Canada, October 14, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9805 1.4225 0.01049 0.08384 0.1017 1.7898
In US$ 0.8726 1.266 0.00933 0.07462 0.09051 1.5929
Canadian gold mutual funds
Fund name Oct. 7 Sept. 30 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.16 18.96 -0.80 -0.04 7.58 2.76 238.71
Altamira Pr & Str Mtl 9.27 9.63 -0.36 -0.04 8.42 2.44 n/a
BMO Junior Gold Index ETF 6.29 6.70 -0.41 -0.06 2.19 0.62 66.58
BMO Pr Mtl 13.17 13.83 -0.66 -0.05 1.32 2.41 71.59
CIBC Pr Mtl 10.05 10.40 -0.35 -0.03 9.49 2.48 63.01
Dynamic  Pr Mtl 3.50 3.62 -0.12 -0.03 17.45 2.65 278.97
London Life Precious Mtl 18.40 19.43 -1.03 -0.05 5.97 3.55 132.74
Middlefield Precious Metals 33.39 35.24 -1.85 -0.05 6.81 2.61 329.02
RBC Global Pr Mtl 23.23 24.37 -1.14 -0.05 4.17 2.13 591.83
Sentry Pr Mtl Growth 27.98 29.75 -1.77 -0.06 8.16 2.77 528.43
Sprott Gold Bn F-A 3.56 3.78 -0.22 -0.06 10.28 2.50 n/a
Sprott Gold and Pr Minls 26.35 27.99 -1.64 -0.06 9.02 2.93 243.51
TD Pr Mtl 6.33 6.63 -0.30 -0.05 6.19 2.45 n/a
TD Pr Mtl- A 30.00 31.43 -1.43 -0.05 6.31 2.27 143.41
iShares TSX Global Gold Index 9.92 10.38 -0.46 -0.04 2.23 0.55 718.33
TD Pr Mtl-A 11.48 11.8 -7.18 -60.8 -8 2.31 n/a
iShares Can Gold Sector Index 21.31 21.68 -5.17 -23.8 -3.5 0.55 1063.3
Featured fund:  BMO Pr Mtl top holdings as of 06/30/14 (in weighted order): Province of Ontario, Franco-Nevada, Province of British Columbia, Gold Certificates, Virginia Mines, Tahoe Resources, B2Gold, Agnico Eagle Mines, Silver Wheaton, Semafo, Fission Uranium, Government of Canada, Province of Newfoundland, Yamana Gold, Randgold Resources. Fund manager: Mark Serdan.
North American stock exchange indices
            52-week
Date Oct-13 Oct-10 Oct-09 Oct-08 Oct-07 High Low
TSX Composite N/A 14227.36 14460 14666.47 14576.45 15685.13 12839.31
S&P/TSX-Ven Comp N/A 827.13 836.82 848.67 854.83 1050.26 808.11
S&P TSX 60 N/A 822.93 836.4 847.21 841.67 902.74 727.59
Global Gold N/A 162.6 165.68 170.63 159.05 215.56 149.29
TSX Metals & Mining N/A 708.95 719.48 752.1 741.81 954.68 703.07
Gold & Silver XAU 78.49 77.26 78.96 82.1 76.77 107.39 75.39
Amex Gold Bugs 192.65 188.98 193.71 200.82 186.71 261.36 183.33
TSX short positions
Short positions outstanding at Sept.30/14 (with changes from Sept.15/14).
       
Largest short positions
Lundin Mining  LUN 55693625 -67223
New Gold  NGD 30737228 -329725
Barrick Gold  ABX 29395034 13062814
B2Gold  BTO 25336758 3250370
Kinross Gold  K 24963880 12767464
PotashCorp  POT 19459638 -1136460
Detour Gold  DGC 19246040 -1176486
Tahoe Res.  THO 15607829 -1648485
Argonaut Gold  AR 12261233 181500
Thompson Creek Mtl   TCM 10556547 -216656
First Majestic Silver FR 10472099 20113
Silver Wheaton  SLW 10200472 5997363
Dundee Precious Mtl  DPM 9789573 7849
First Quantum  FM 8644100 1277823
Silver Standard Res.  SSO 8412665 20785
Largest increase in short position
Barrick Gold ABX 29395034 13062814
Kinross Gold K 24963880 12767464
Silver Wheaton SLW 10200472 5997363
B2Gold BTO 25336758 3250370
First Quantum FM 8644100 1277823
Largest decrease in short position
Eldorado Gold  ELD 8383183 -1E+07
Yamana Gold  YRI 5577658 -1E+07
Teranga Gold  TGZ 126672 -3932728
Mandalay Res.  MND 383600 -3191940
Cameco  CCO 3344378 -2381524

TSX Venture short positions
Short positions outstanding at Sept.30/14 (with changes from Sept.15/14).
       
Largest short positions
Commerce Res.  CCE 1299000 1109500
Aurcana Corp.  AUN 1205372 -27500
Nexgen Energy  NXE 1177100 -44700
Robex Res.  RBX 730500 686500
Metanor Res.  MTO 701600 689500
Gold Bullion Dev.  GBB 688000 688000
Fission Uranium  FCU 667357 16700
Amex Exploration  AMX 570000 570000
Pure Gold Mining  PGM 509500 501000
Encanto Potash  EPO 410000 410000
Kalimantan Gold  KLG 402000 402000
Zenyatta Vent.  ZEN 310909 27100
Gold Standard Vent.  GSV 300000 -100
Graphite One Res.  GPH 271000 -249000
Canasil Res.  CLZ 206000 206000
Largest increase in short position
Commerce Res. CCE 1299000 1109500
Metanor Res. MTO 701600 689500
Gold Bullion Dev. GBB 688000 688000
Robex Res. RBX 730500 686500
Amex Exploration AMX 570000 570000
Largest decrease in short position
Athabasca Minerals. ABM 36959 -627900
VMS Ventures  VMS 0 -548500
Rusoro Mining  RML 0 -540300
True Gold Mining  TGM 58742 -484600
Southern Silver Exp.  SSV 0 -362000
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