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Metals, mining and money markets

Posted By: Northern Miner Staff January 30, 2013 Volume 98 Number 51 Feb 4 - 10, 2013

Spot prices
Courtesy of Scotiabank
Tuesday, January 29, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,660.50 -32
Silver $31.06 -0.88
Platinum $1,672.00 -14
Palladium $740.00 23
     
Base Metals Price (US$/tonne) Change
Nickel $17,838.00 215
Lead $2,405.25 28
Copper $8,101.25 53
Zinc $2,100.50 20
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 28, 2013 (change from January 21, 2013 in brackets):
Aluminium Alloy 87240 (-360)
Aluminium 5161175 (-16300)
Copper 341000 (-4525)
Lead 293725 (-775)
Nickel 149424 (+1404)
Tin 13035 (+105)
Zinc 1207600 (-15250)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$11,800.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
February 2013: US$57.28; March 2013: US$57.17
Cobalt: Recent trades US$11.80-12.80/lb.
Copper: Comex Copper Futures February 2013: US$3.653/lb.; Comex March 2013: $3.656/lb.
Indium: NY Dealer Mid-mkt US$495.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$2,937.50/t.
Manganese: Mid-mkt US$2,375.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.60-11.80/lb.
Rhodium: Mid-mkt US$1,150.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$30.89; Fabricated: US$37.06.; Sterling: US$28.64
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$24.74/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.50/lb.; Uranium Exchange Co. spot price: US$42.50/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.90-15.00
Prices current Jan. 29, 2013

Daily metal prices
Date 28-Jan 25-Jan 24-Jan 23-Jan 22-Jan
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1805/1835 1830/1860 1805/1835 1810/1841 1790/1840
Aluminum 2006/2045 2042/2075 2026.50/2064 2047/2085 2008.50/2046
Copper 8014.50/8049 8059.50/8090 8035.50/8075 8115/8148 8067/8100
Lead 2365/2375 2399/2401 2368.50/2374 2372/2379.50 2315/2319
Nickel 17405/17480 17260/17300 17275/17350 17475/17500 17370/17405
Tin 24475/24400 24700/24800 24445/24375 24825/24800 24970/24950
Zinc 2070/2087 2081/2095 2056.50/2075 2066/2086 2026/2045
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1656.75 1670.25 1677 1692.25 1692.5
Gold PM 1656.5 1660 1671 1690.25 1690.5
Silver 30.87 31.56 31.85 32.23 31.94
Platinum 1681 1678 1680 1698.5 1687
Palladium 742 725 722 725 717
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date 28-Jan 25-Jan 24-Jan 23-Jan 22-Jan
US$ in C$ 1.0069 1.0078 1.0026 0.9986 0.9934
C$ in US$ 0.9931 0.9923 0.9974 1.0014 1.0066
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0472 1.3551 0.0111 0.07883 0.1103 1.5793
In US$ 1.04 1.3458 0.01102 0.07829 0.1095 1.5685
Canadian gold mutual funds
Fund name  Jan. 28  Jan. 21 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 28.42 29.53 -5.67 -19.2 -4.25 2.56 698.9
Altamira Pr & Str Mtl 13.63 14.47 -5.71 -39.5 -7.47 2.35 83.5
BMO Junior Gold Index ETF 12.66 13.81 -2.78 4.3 -10.3 0.58 108.4
BMO Pr Mtl 21.01 22.3 -2.75 -12.3 -6.52 2.29 133.6
CIBC Pr Mtl 15.93 16.75 -4.62 -27.6 -6.17 2.4 141.8
Dynamic Can Pr Mtl 11.44 12.59 -6.43 -51.1 -10.27 1.65 811.6
London Life Pr Mtl (MX) 31.85 33.48 -8.38 -25 -5.97 3.37 259.2
Mackenzie Un Pr Mtl C$ 15.17 15.93 -7.63 -47.9 -5.91 2.44 569.9
Middlefield Precious Metals 10.87 11.77 -12.38 -105.2 -8.69 2.48 8.5
Quadrus Mack Un Pr Mtl 17.47 18.36 -7.72 -42 -5.92 2.7 66.7
RBC Global Pr Mtl 37.47 39.36 -3.19 -8.1 -5.9 2.04 1380.4
Sentry Pr Mtl Growth 49.4 52.31 2.76 5.3 -7.24 2.75 731.5
Sprott Gold and Pr Minls 46.02 49.43 -11.45 -23.2 -6.79 2.84 854
Sprott Gold and Pr Minls F 48.74 52.31 -10.69 -20.4 -6.71 1.78 n/a
TD Pr Mtl 46.02 47.97 -7.05 -14.7 -4.52 2.15 313.9
TD Pr Mtl-A 9.76 10.13 -7.18 -70.9 -4.54 2.31 n/a
iShares Can Gold Sector Index 17.36 18.38 -5.17 -28.1 -4.75 0.55 1063.3
Featured fund: BMO Junior Gold Index as of 12/31/12 (in weighted order): Detour Gold, Allied Nevada Gold, AuRico Gold, Coerur d’Alene Mines, Alamos Gold, Centerra Gold, Torex Gold, B2Gold, Alacer Gold, Nova Gold. Fund manager: Jones Heward Investment management team. 
North American stock exchange indices
            52-week
Date 28-Jan 25-Jan 24-Jan 23-Jan 22-Jan High Low
TSX Composite 12815.91 12816.63 12823.62 12794.05 12824.63 12875.35 11209.55
S&P/TSX-Ven Comp 1217.88 1227.24 1229.46 1241.53 1241.07 1696.14 1153.9
S&P TSX 60 738.25 737.35 737.36 734.74 736.78 741.17 637.7
Global Gold 278.31 281.81 286.98 294.5 300.67 395.64 265.99
TSX Metals & Mining 1020.17 1026.15 1031.16 1039.6 1043.63 1241.73 781.13
Gold & Silver XAU 149.21 150.82 154.78 159.82 164.15 204.97 140.94
Amex Gold Bugs 395.47 399.04 410.05 423.42 435.93 554.92 372.74
TSX short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/12).
       
Largest short positions
Lundin Mining  LUN 60846177 771878
New Gold  NGD 54961510 871458
Osisko Mining  OSK 28121647 1077752
Aurico Gold  AUQ 27627225 3984
Uranium One  UUU 27036807 15526993
Dundee Prec. DPM 23684918 -52898
B2gold   BTO 19356899 1405854
Thompson Creek  TCM 17990584 -599740
Turquoise Hill  TRQ 17596815 -2174454
Tahoe Res  THO 16781394 98760
Barrick Gold  ABX 14809717 -1891775
Iamgold  IMG 13966650 689476
Yamana Gold  YRI 12019433 1825045
Teck Resources  TCK.B 10957674 1708158
Detour Gold  DGC 10731505 -163062
Largest increase in short position
Uranium One  UUU 27036807 15526993
Aurizon Mines  ARZ 7163002 3664361
Nautilus Min.  NUS 2703700 2517000
Paladin Energy  PDN 3198309 2294400
Yamana Gold  YRI 12019433 1825045
Largest decrease in short position
Eldorado Gold  ELD 2743698 -1E+07
Argonaut Gold  AR 6802461 -4518601
Silver Wheaton  SLW 3615946 -3622539
First Quantum  FM 8231622 -2902759
Turquoise Hill  TRQ 17596815 -2174454
       
       
TSX Venture short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/12).
       
Largest short positions
Barkerville Gold  BGM 2662417 0
Probe Mines            PRB 1337247 384800
Kaminak Gold         KAM 997671 -76300
Great Western Minrls  GWG 963155 -931675
Orko Silver           OK 931868 -2100
Galway Metals          GWM 836400 836400
Rockridge Capital  RRC 834800 833500
Brixton Metals   BBB 830000 827000
Aurcana          AUN 807005 248500
Encanto Potash   EPO 806022 782570
Sandstorm Metals  SND 628047 454606
Creso Exploration  CXT 627000 497000
Metals Creek        MEK 531000 520000
Bear Creek Mining BCM 466906 -14048
Northern Graphite  NGC 420728 -12558
Largest increase in short position
Galway Metals          GWM 836400 836400
Rockridge Capital  RRC 834800 833500
Brixton Metals   BBB 830000 827000
Encanto Potash   EPO 806022 782570
Metals Creek       MEK 531000 520000
Largest decrease in short position
Cerro Resources  CJO 0 -2740187
Abzu Gold           ABS 500 -1153346
Comstock Metals  CSL 26425 -1003650
Great Western         GWG 963155 -931675
Colt Resources   GTP 2500 -645500
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