Monthly Metal Review

Gold and Silver (May 2017)

In London, the Gold P.M fixing increased to US$ 1’266.45 per ounce, and Silver decreased to US$ 17.41 per ounce this month. New South Wales safety inspectors halted underground mining at Newcrest Mining’s Cadia gold-copper mine following a seismic event. Underground workers were moved to refuge chambers or safe areas, and no injuries were recorded. Surface operations continued. Cadia is not expected to meet production guidance in this financial year, Newcrest said. Cadia produced 668,773 ounces of gold and 64,130 copper tonnes last year. China's Shandong Tyan Home abandoned a US$1.3-billion bid to acquire Barrick Gold’s 50-percent stake in Kalgoorlie’s Super Pit in Western Australia. Shandong blamed tightened controls in China on outbound investment. The Fimiston open-pit gold mine was Australia's largest until 2016, and known as the Super Pit. Barrick Gold agreed to sell 50 percent of its Veladero gold mine in Argentina to China-backed Shandong Gold for US$960 million. Valadero is expected to produce up to 830,000 ounces of gold this year. The two will consider developing Barrick’s stalled US$8.5-billion Pascua Lama project on the Chile-Argentina border and joint regional investments. A Brazilian court suspended Belo Sun Mining’s construction license for its Volta Grande project in Para state until an indigenous study is approved by the country’s indigenous-affairs agency. Open-pit Volta Grande has a projected average of 205,000 ounces yearly during a 17-year life.

Daily Prices

October 2017

Copper
Date(Fix.) ($/MT)
Average 6797.39
31-10-2017 6802
30-10-2017 6823
27-10-2017 6831.5
26-10-2017 6965
25-10-2017 6970.5
24-10-2017 7073.5
23-10-2017 6959
20-10-2017 7008.5
19-10-2017 6920
18-10-2017 6971.5
17-10-2017 7046
16-10-2017 7063
13-10-2017 6858
12-10-2017 6813
11-10-2017 6685
10-10-2017 6641
09-10-2017 6607
06-10-2017 6639
05-10-2017 6511
04-10-2017 6453
03-10-2017 6447
02-10-2017 6455
Silver
Date(Fix.) ($/OZ)
Average 16.94
31-10-2017 16.82
30-10-2017 16.735
27-10-2017 16.72
26-10-2017 16.97
25-10-2017 16.89
24-10-2017 17.035
23-10-2017 16.995
20-10-2017 17.075
19-10-2017 17.025
18-10-2017 16.95
17-10-2017 17.11
16-10-2017 17.41
13-10-2017 17.2
12-10-2017 17.195
11-10-2017 17.15
10-10-2017 17.12
09-10-2017 16.92
06-10-2017 16.625
05-10-2017 16.66
04-10-2017 16.825
03-10-2017 16.61
02-10-2017 16.58
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1280.68
31-10-2017 1274.4
30-10-2017 1272.75
27-10-2017 1267.8
26-10-2017 1278
25-10-2017 1273
24-10-2017 1278.3
23-10-2017 1275.25
20-10-2017 1280.25
19-10-2017 1283.4
18-10-2017 1280.65
17-10-2017 1289.7
16-10-2017 1305.15
13-10-2017 1293.9
12-10-2017 1294.45
11-10-2017 1290.2
10-10-2017 1289.6
09-10-2017 1282.15
06-10-2017 1268.2
05-10-2017 1278.4
04-10-2017 1275.55
03-10-2017 1270.7
02-10-2017 1273.1
Date(Fix.) ($/OZ)
Average 1280.10
31-10-2017 1272.275
30-10-2017 1272.375
27-10-2017 1267.125
26-10-2017 1275.875
25-10-2017 1274
24-10-2017 1277.375
23-10-2017 1275.075
20-10-2017 1280.725
19-10-2017 1284.9
18-10-2017 1280.425
17-10-2017 1287.225
16-10-2017 1304.225
13-10-2017 1296.75
12-10-2017 1292.35
11-10-2017 1289.725
10-10-2017 1290.5
09-10-2017 1280.45
06-10-2017 1265
05-10-2017 1276.45
04-10-2017 1274.9
03-10-2017 1270.975
02-10-2017 1273.4
Date(Fix.) ($/OZ)
Average 1279.51
31-10-2017 1270.15
30-10-2017 1272
27-10-2017 1266.45
26-10-2017 1273.75
25-10-2017 1275
24-10-2017 1276.45
23-10-2017 1274.9
20-10-2017 1281.2
19-10-2017 1286.4
18-10-2017 1280.2
17-10-2017 1284.75
16-10-2017 1303.3
13-10-2017 1299.6
12-10-2017 1290.25
11-10-2017 1289.25
10-10-2017 1291.4
09-10-2017 1278.75
06-10-2017 1261.8
05-10-2017 1274.5
04-10-2017 1274.25
03-10-2017 1271.25
02-10-2017 1273.7
Lead
Date(Fix.) ($/MT)
Average 2506.30
31-10-2017 2421
30-10-2017 2414
27-10-2017 2431
26-10-2017 2492
25-10-2017 2485.5
24-10-2017 2504
23-10-2017 2472
20-10-2017 2502
19-10-2017 2491
18-10-2017 2493
17-10-2017 2496
16-10-2017 2566
13-10-2017 2542
12-10-2017 2568.5
11-10-2017 2525
10-10-2017 2509
09-10-2017 2515
06-10-2017 2539.5
05-10-2017 2548
04-10-2017 2585
03-10-2017 2501
02-10-2017 2538
Zinc
Date(Fix.) ($/MT)
Average 3273.95
31-10-2017 3320
30-10-2017 3270.5
27-10-2017 3201
26-10-2017 3301
25-10-2017 3251.5
24-10-2017 3265
23-10-2017 3176
20-10-2017 3208
19-10-2017 3170
18-10-2017 3185
17-10-2017 3130
16-10-2017 3321
13-10-2017 3325
12-10-2017 3333
11-10-2017 3306
10-10-2017 3314
09-10-2017 3334.5
06-10-2017 3336
05-10-2017 3350
04-10-2017 3370
03-10-2017 3324
02-10-2017 3235.5
Tin
Date(Fix.) ($/MT)
Average 20468.86
31-10-2017 19505
30-10-2017 19910
27-10-2017 19800
26-10-2017 20200
25-10-2017 19850
24-10-2017 19835
23-10-2017 19750
20-10-2017 19925
19-10-2017 20100
18-10-2017 20050
17-10-2017 20775
16-10-2017 20825
13-10-2017 20925
12-10-2017 20900
11-10-2017 20810
10-10-2017 21100
09-10-2017 20950
06-10-2017 21085
05-10-2017 21245
04-10-2017 20950
03-10-2017 20950
02-10-2017 20875
Nickel
Date(Fix.) ($/MT)
Average 11325.00
31-10-2017 11850
30-10-2017 11500
27-10-2017 11370
26-10-2017 11845
25-10-2017 11860
24-10-2017 11950
23-10-2017 11745
20-10-2017 12050
19-10-2017 11680
18-10-2017 11745
17-10-2017 11675
16-10-2017 11790
13-10-2017 11605
12-10-2017 11195
11-10-2017 10980
10-10-2017 10910
09-10-2017 10770
06-10-2017 10500
05-10-2017 10560
04-10-2017 10640
03-10-2017 10555
02-10-2017 10375
Cobalt
Date(Fix.) ($/MT)
Average 59954.55
31-10-2017 61500
30-10-2017 60500
27-10-2017 60500
26-10-2017 59250
25-10-2017 60500
24-10-2017 60000
23-10-2017 59500
20-10-2017 61250
19-10-2017 60500
18-10-2017 62500
17-10-2017 60250
16-10-2017 59750
13-10-2017 59750
12-10-2017 59750
11-10-2017 58250
10-10-2017 59500
09-10-2017 59500
06-10-2017 59500
05-10-2017 59000
04-10-2017 58750
03-10-2017 59500
02-10-2017 59500