Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Wednesday, January 2, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,681.50	19
Silver	$30.87	0.68
Platinum	$1,559.00	16
Palladium	$707.00	24
Base Metals	Price (US$/tonne)	Change
Nickel	$17,637.00	586
Lead	$2,410.50	80.75
Copper	$8,234.75	305.75
Zinc	$2,136.75	57

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 31, 2012 (change from December 27 in brackets):
Aluminium Alloy	87740	0
Aluminium	5236975	(+14675)
Copper	311925	(-6075)
Lead	333500	(+5850)
Nickel	138372	(-330)
Tin	12245	(-320)
Zinc	1225650	(+1075)

 Producer and Dealer Prices

Antimony: Mid-mkt US$12,100.00/t
Bismuth: Mid-mkt US$8.65/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
February 2013: US$58.02; March 2013: US$58.88
Cobalt: Recent trades US$10.80-11.80/lb.
Copper: Comex Copper Futures February 2013: US$3.731/lb.; Comex March 2013: $3.735/lb.
Indium: NY Dealer Mid-mkt US$520.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,050.00/tr. oz.
Magnesium: Mid-mkt US$3,200.00/t.
Manganese: Mid-mkt US$2,665.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.50-11.70/lb.
Rhodium: Mid-mkt US$1,080.00/tr. oz.
Ruthenium: Mid-mkt US$90.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$31.02; Fabricated: US$37.22.; Sterling: US$28.76
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$23.51/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$43.25/lb.; Uranium Exchange Co. spot price: US$43.50/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.00-14.50
Prices current Jan. 2, 2013

Daily metal prices
Date	31-Dec	28-Dec	27-Dec	26-Dec	25-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1850/1880	1905/1935	1900/1930	N/A	N/A
Aluminum	2039.50/2071	2030/2064	2043/2081	N/A	N/A
Copper	7914.50/7929	7865/7874.50	7871/7897	N/A	N/A
Lead	2339.50/2340	2315/2323	2310/2325	N/A	N/A
Nickel	17080/17155	17095/17100	17225/17275	N/A	N/A
Tin	23495/23400	23205/23345	23325/23450	N/A	N/A
Zinc	2034/2063.50	2040.50/2071	2061/2092	N/A	N/A
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1664	1658.75	1655.25	N/A	N/A
Gold PM	N/A	1657.5	1655.5	N/A	N/A
Silver	29.95	30.15	29.75	N/A	N/A
Platinum	1523	1527	1536	N/A	N/A
Palladium	699	704	700	N/A	N/A

Exchange rates

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	31-Dec	28-Dec	27-Dec	26-Dec	25-Dec
US$ in C$	0.9949	0.9952	0.9949	N/A	N/A
C$ in US$	1.0051	1.0048	1.0051	N/A	N/A
EXCHANGE RATES (Bank of Canada, December 31, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0339	1.3118	0.01148	0.07674	0.1172	1.6178
In US$	1.0392	1.3185	0.01154	0.07713	0.1178	1.6261

Canadian gold mutual funds

Fund name	Dec. 31	Dec. 17	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	29.68	29.72	-5.67	-19.1	-13.22	2.56	698.9
Altamira Pr & Str Mtl	22.48	22.4	-5.71	-25.5	-12.48	2.35	83.5
BMO Junior Gold Index ETF	14.11	14.47	-2.78	4.3	-16.79	0.58	108.4
BMO Pr Mtl	16.97	16.92	-2.75	-16.3	-16.99	2.29	133.6
CIBC Pr Mtl	12.75	12.75	-4.62	-36.2	-18.06	2.4	141.8
Dynamic Can Pr Mtl	18.23	18.6	-6.43	-34.6	-18.5	1.65	811.6
London Life Pr Mtl (MX)	33.87	33.49	-8.38	-25	-16.88	3.37	259.2
Mackenzie Un Pr Mtl C$	18.57	18.35	-7.63	-41.6	-16.16	2.44	569.9
Middlefield Precious Metals	16.12	15.93	-12.38	-77.7	-16.05	2.48	8.5
Quadrus Mack Un Pr Mtl	11.9	12.06	-7.72	-64	-21.2	2.7	66.7
RBC Global Pr Mtl	14.73	14.8	-3.19	-21.6	-13.3	2.04	1380.4
Sentry Pr Mtl Growth	53.25	53.46	2.76	5.2	-7.9	2.75	731.5
Sprott Gold and Pr Minls	39.82	39.69	-11.45	-28.8	-12.5	2.84	854
Sprott Gold and Pr Minls F	49.37	49.19	-10.69	-21.7	-19.9	1.78	n/a
TD Pr Mtl	52.24	52.03	-7.05	-13.5	-19.1	2.15	313.9
TD Pr Mtl-A	10.18	10.14	-7.18	-70.8	-17.6	2.31	n/a
iShares Can Gold Sector Index	48.2	48.01	-5.17	-10.8	-17.48	0.55	1063.3
Featured fund: BMO Precious Minerals as of 11/30/12 (in weighted order): Perseus Mining, Barrick Gold, Goldcorp, Silver Wheaton, B2Gold, Kinross Gold, Franco-Nevada, Allied Nevada, Virginia Mines, Semafo, Sandstorm Gold, PMI Gold, Centerra Gold. Fund manager: Mark Serdan.

North American stock exchange indices

						52-week
Date	31-Dec	28-Dec	27-Dec	26-Dec	25-Dec	High	Low
TSX Composite	12433.53	12316.12	12373.77	N/A	N/A	12788.63	11209.55
S&P/TSX-Ven Comp	1221.3	1201.84	1196.75	N/A	N/A	1696.14	1153.9
S&P TSX 60	713.72	706.94	711.17	N/A	N/A	728.03	637.7
Global Gold	303.04	294.6	297.42	N/A	N/A	395.64	265.99
TSX Metals & Mining	1010.99	987.2	990.65	N/A	N/A	1258.22	781.13
Gold & Silver XAU	165.6	160.62	162.2	161.34	N/A	204.97	140.94
Amex Gold Bugs	444.22	430.96	434.65	432.15	N/A	554.92	372.74

TSX short positions

Short positions outstanding at Dec. 15/12 (with changes from Nov. 30/12).
Largest short positions
Lundin Mining	LUN	57611306	2314751
New Gold	NGD	53063707	-2623983
Osisko Mining	OSK	27365885	-1409999
Aurico Gold	AUQ	26585071	6028796
Eldorado Gold	ELD	24942323	-1519877
Dundee Prec.	DPM	23991774	2635617
Uranium One	UUU	23758207	10799659
Argonaut Gold	AR	21139361	-1167720
Thompson Creek	TCM	21074031	-383107
B2gold	BTO	18195696	2055874
Turquoise Hill	TRQ	17381110	-58052
Tahoe Res.	THO	16376690	1801888
First Quantum	FM	15466539	-431554
Kinross Gold	K	13389998	-1.4E+07
Cameco	CCO	12018995	2895459
Largest increase in short position
Uranium One	UUU	23758207	10799659
Aurico Gold	AUQ	26585071	6028796
Kirkland Lake	KGI	9329360	4278455
Silver Standard	SSO	6592696	3576603
Cameco	CCO	12018995	2895459
Largest decrease in short position
Kinross Gold	K	13389998	-1.4E+07
Aurizon Mines	ARZ	3537387	-5790686
Yamana Gold	YRI	5545224	-5192882
Ivanplats	IVP	5989930	-3321784
New Gold	NGD	53063707	-2623983

TSX Venture short positions

Short positions outstanding at Dec. 15/12 (with changes from Nov. 30/12).
Largest short positions
Barkerville Gold	BGM	2662417	289300
Probe Mines	PRB	1477347	583565
Great Western Min	GWG	1066783	22304
Kaminak Gold	KAM	833771	272361
Zenyatta Ventures	ZEN	827173	801143
Mart Resources	MMT	657168	490455
Robex Resources	RBX	639901	639500
Aurcana	AUN	616480	-564125
Goldquest Mining	GQC	581072	-581700
Bear Creek Mining	BCM	494629	8615
Argex Titanium	RGX	421882	-190571
Fire River Gold	FAU	390000	-46000
Largo Resources	LGO	327174	313674
Kiska Metals	KSK	315300	315300
Focus Graphite	FMS	290867	96810
Largest increase in short position
Zenyatta Ventures	ZEN	827173	801143
Robex Resources	RBX	639901	639500
Probe Mines	PRB	1477347	583565
Mart Resources	MMT	657168	490455
Kiska Metals	KSK	315300	315300
Largest decrease in short position
Monument Mining	MMY	4000	-1070000
Goldquest Mining	GQC	581072	-581700
Aurcana	AUN	616480	-564125
CB Gold	CBJ	9425	-371698
Golden Dawn Min.	GOM	75000	-317000