Monthly Metal Review

Gold and Silver

In London, the Gold P.M fixing decreased to US$ 1,057.40 per ounce, and Silver decreased to US$ 14.08 per ounce this month.
Randgold Resources predicted more gold-mining mergers, saying the sector can’t survive at the current spot price. The company chief said there will eventually be survival mergers. The sub-Saharan, Africa-focused miner reported a 26-percent third-quarter on-year profit drop to U$48.8 million, from US$66 million. Randgold pro-duced 305,288 ounces in the quarter, up from 299,320 on-year and largely on production from the Kibali mine in the DRC and Morila mine in Mali. It expects gold produc-tion within 2015 guidance of 1.2-million ounces.
Canadian miner Eldorado Gold reported a US$96.1 million third-quarter loss. Still, Eldorado upgraded its 2015 production guidance to 710,000 gold ounces at average cash costs of US$565 per ounce after Greece in October permitted the miner resume mining and construction at its Skouries project in northern Greece.
Pan American Silver reported third-quarter produc-tion of 6.61-million ounces of silver and 53,600 ounces of gold. Silver production rose 7 percent on-year, credited mostly to Mexican and Bolivian mines.
Australian miner Troy Resources said it expects to produce up to 100,000 ounces of gold yearly from its Karouni gold project in the contested Essequibo region of western Guyana. Essequibo is claimed by neighboring Venezuela.
AngloGold Ashanti Australia’s 70-percent-owned and managed Tropicana gold mine in Western Australia celebrated its million-ounce milestone in November. The celebration came two years after pouring first gold. The mine has a reported all-in cost of US$674 an ounce.
Indonesia’s state-owned PT Aneka Tambang said it is cooperating with Australia’s Newcrest Mining to locate potential Indonesian gold and copper. Antam said they will share information on legal, technical, economic, and commercial feasibility to further exploration and development.

Daily Prices

November 2015

Copper
Date(Fix.) ($/MT)
Average 4808.24
30-11-2015 4595.5
27-11-2015 4636
26-11-2015 4667
25-11-2015 4541
24-11-2015 4527
23-11-2015 4515.5
20-11-2015 4690
19-11-2015 4610
18-11-2015 4669
17-11-2015 4700
16-11-2015 4765
13-11-2015 4825
12-11-2015 4872.5
11-11-2015 4931
10-11-2015 4933.5
09-11-2015 4990
06-11-2015 5000
05-11-2015 5053
04-11-2015 5165.5
03-11-2015 5149
02-11-2015 5137.5
Silver
Date(Fix.) ($/OZ)
Average 14.51
30-11-2015 14.08
27-11-2015 14.11
26-11-2015 14.29
25-11-2015 14.07
24-11-2015 14.14
23-11-2015 13.98
20-11-2015 14.29
19-11-2015 14.21
18-11-2015 14.17
17-11-2015 14.25
16-11-2015 14.36
13-11-2015 14.39
12-11-2015 14.39
11-11-2015 14.44
10-11-2015 14.55
09-11-2015 14.78
06-11-2015 15.08
05-11-2015 15.02
04-11-2015 15.26
03-11-2015 15.38
02-11-2015 15.4
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1088.39
30-11-2015 1055.65
27-11-2015 1064.65
26-11-2015 1070.5
25-11-2015 1072.2
24-11-2015 1073
23-11-2015 1068.35
20-11-2015 1085.15
19-11-2015 1073.1
18-11-2015 1070.5
17-11-2015 1080.8
16-11-2015 1094.5
13-11-2015 1083.75
12-11-2015 1087.6
11-11-2015 1088.6
10-11-2015 1092.5
09-11-2015 1095.6
06-11-2015 1107.7
05-11-2015 1107.3
04-11-2015 1118
03-11-2015 1130.9
02-11-2015 1135.8
Date(Fix.) ($/OZ)
Average 1087.05
30-11-2015 1058.775
27-11-2015 1061.025
26-11-2015 1070.75
25-11-2015 1070.1
24-11-2015 1074.7
23-11-2015 1069.425
20-11-2015 1083.45
19-11-2015 1077.85
18-11-2015 1069.125
17-11-2015 1080
16-11-2015 1089.625
13-11-2015 1082.625
12-11-2015 1087.5
11-11-2015 1087.25
10-11-2015 1089.8
09-11-2015 1092.6
06-11-2015 1098.3
05-11-2015 1106.8
04-11-2015 1116.35
03-11-2015 1127
02-11-2015 1134.9
Date(Fix.) ($/OZ)
Average 1085.70
30-11-2015 1061.9
27-11-2015 1057.4
26-11-2015 1071
25-11-2015 1068
24-11-2015 1076.4
23-11-2015 1070.5
20-11-2015 1081.75
19-11-2015 1082.6
18-11-2015 1067.75
17-11-2015 1079.2
16-11-2015 1084.75
13-11-2015 1081.5
12-11-2015 1087.4
11-11-2015 1085.9
10-11-2015 1087.1
09-11-2015 1089.6
06-11-2015 1088.9
05-11-2015 1106.3
04-11-2015 1114.7
03-11-2015 1123.1
02-11-2015 1134
Lead
Date(Fix.) ($/MT)
Average 1615.98
30-11-2015 1630
27-11-2015 1613.5
26-11-2015 1640
25-11-2015 1593
24-11-2015 1593
23-11-2015 1555
20-11-2015 1617
19-11-2015 1561.5
18-11-2015 1573.5
17-11-2015 1589
16-11-2015 1597
13-11-2015 1593.5
12-11-2015 1592.5
11-11-2015 1596
10-11-2015 1630.5
09-11-2015 1652
06-11-2015 1639
05-11-2015 1647
04-11-2015 1677.5
03-11-2015 1671
02-11-2015 1674
Zinc
Date(Fix.) ($/MT)
Average 1582.29
30-11-2015 1545
27-11-2015 1541.5
26-11-2015 1601.5
25-11-2015 1555.5
24-11-2015 1548.5
23-11-2015 1505
20-11-2015 1577.5
19-11-2015 1487
18-11-2015 1511.5
17-11-2015 1553
16-11-2015 1578
13-11-2015 1586
12-11-2015 1570.5
11-11-2015 1568
10-11-2015 1596.5
09-11-2015 1639.5
06-11-2015 1627
05-11-2015 1635.5
04-11-2015 1674.5
03-11-2015 1654
02-11-2015 1672.5
Tin
Date(Fix.) ($/MT)
Average 14742.62
30-11-2015 14985
27-11-2015 15015
26-11-2015 14955
25-11-2015 14595
24-11-2015 14230
23-11-2015 14525
20-11-2015 14795
19-11-2015 14600
18-11-2015 14660
17-11-2015 14800
16-11-2015 14845
13-11-2015 14775
12-11-2015 14655
11-11-2015 14750
10-11-2015 14595
09-11-2015 14555
06-11-2015 14710
05-11-2015 14750
04-11-2015 14880
03-11-2015 14995
02-11-2015 14925
Nickel
Date(Fix.) ($/MT)
Average 9232.14
30-11-2015 8735
27-11-2015 8765
26-11-2015 9120
25-11-2015 8650
24-11-2015 8425
23-11-2015 8160
20-11-2015 8900
19-11-2015 8885
18-11-2015 8955
17-11-2015 9165
16-11-2015 9405
13-11-2015 9365
12-11-2015 9370
11-11-2015 9450
10-11-2015 9495
09-11-2015 9600
06-11-2015 9725
05-11-2015 9690
04-11-2015 9970
03-11-2015 9995
02-11-2015 10050
Cobalt
Date(Fix.) ($/MT)
Average 24716.67
30-11-2015 25000
27-11-2015 24250
26-11-2015 23500
25-11-2015 23500
24-11-2015 23500
23-11-2015 23500
20-11-2015 23500
19-11-2015 23500
18-11-2015 24000
17-11-2015 24000
16-11-2015 24150
13-11-2015 24550
12-11-2015 24550
11-11-2015 26000
10-11-2015 26000
09-11-2015 26000
06-11-2015 25700
05-11-2015 25700
04-11-2015 26000
03-11-2015 26000
02-11-2015 26150