Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, March 19, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,602.50	20
Silver	$28.85	-0.4
Platinum	$1,575.00	-19
Palladium	$756.00	-16
Base Metals	Price (US$/tonne)	Change
Nickel	$16,675.00	75
Lead	$2,188.50	4.5
Copper	$7,570.50	-3.5
Zinc	$1,926.50	7.5

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 18, 2013 (change from March 11, 2013 in brackets):
Aluminium Alloy	78860	(-4020)
Aluminium	5182175	(-7800)
Copper	543925	(+30375)
Lead	275500	(-9400)
Nickel	162306	(+846)
Tin	13770	(+175)
Zinc	1205125	(-2550)

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
April 2013: US$56.60; May 2013: US$57.73
Cobalt: Recent trades US$11.50-12.40/lb.
Copper: Comex Copper Futures April 2013: US$3.410/lb.; Comex May 2013: $3.422/lb.
Indium: NY Dealer Mid-mkt US$487.50/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$2,950.00/t.
Manganese FOB China: Mid-mkt US$2,405.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.05-11.10/lb.
Rhodium: Mid-mkt US$1,225.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$65.50/lb.
Silver: Base: US$28.89; Fabricated: US$34.67; Sterling: US$26.79
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$23.58/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.25/lb.; Uranium Exchange Co. spot price: US$42.25/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.70-15.00
Prices current Mar. 19, 2013

Daily metal prices
Date	18-Mar	15-Mar	14-Mar	13-Mar	12-Mar
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1839.50/1840	1869.50/1870	1840/1840	1860/1860	1860/1860
Aluminum	1895/1938	1943/1984.50	1937.50/1978	1945/1988	1938.50/1978
Copper	7555/7589.50	7781/7811	7761.50/7790	7777/7807	7813/7839
Lead	2164/2184.50	2234/2253	2233/2254	2233/2247	2218.50/2233
Nickel	16550/16620	17100/17190	16980/17075	17060/17130	16965/17025
Tin	23200/23200	24000/24045	23975/23950	23890/23915	23820/23820
Zinc	1896/1927	1947/1979.50	1953/1982.50	1978/2001	1974.50/1997
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1599.5	1593.25	1585	1591.5	1582.5
Gold PM	1603.75	1595.5	1586	1589.25	1594
Silver	28.8	28.91	28.64	29.12	29.25
Platinum	1580	1593	1583	1595	1604
Palladium	765	774	766	773	774

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	18-Mar	15-Mar	14-Mar	13-Mar	12-Mar
US$ in C$	1.0217	1.0193	1.0261	1.0273	1.0254
C$ in US$	0.9788	0.9811	0.9746	0.9734	0.9752
EXCHANGE RATES (Bank of Canada, March 18, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0619	1.324	0.01077	0.08215	0.1115	1.5436
In US$	1.0393	1.2959	0.01054	0.08041	0.1091	1.5108

Canadian gold mutual funds
Fund name	Mar. 18	Mar. 11	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	25.43	25.51	-5.67	-22.2	-14.23	2.56	698.9
Altamira Pr & Str Mtl	12.66	12.74	-5.71	-44.8	-14.04	2.35	83.5
BMO Junior Gold Index ETF	11.42	11.55	-2.78	4.3	-19.04	0.58	108.4
BMO Pr Mtl	18.89	19.08	-2.75	-14.4	-15.98	2.29	133.6
CIBC Pr Mtl	13.96	14.18	-4.62	-32.6	-17.74	2.4	141.8
Dynamic Can Pr Mtl	10.31	9.92	-6.43	-64.8	-19.14	1.65	811.6
London Life Pr Mtl (MX)	28.65	28.68	-8.38	-29.2	-15.33	3.37	259.2
Mackenzie Un Pr Mtl C$	13.68	13.64	-7.63	-55.9	-15.16	2.44	569.9
Middlefield Precious Metals	9.75	9.79	-12.38	-126.5	-18.06	2.48	8.5
Quadrus Mack Un Pr Mtl	15.75	15.47	-7.72	-49.9	-15.2	2.7	66.7
RBC Global Pr Mtl	33.79	34.18	-3.19	-9.3	-15.16	2.04	1380.4
Sentry Pr Mtl Growth	44.2	44.99	2.76	6.1	-17.01	2.75	731.5
Sprott Gold and Pr Minls	40.09	41.11	-11.45	-27.9	-18.79	2.84	854
Sprott Gold and Pr Minls F	42.53	43.58	-10.69	-24.5	-18.6	1.78	n/a
TD Pr Mtl	42.1	42.32	-7.05	-16.7	-12.66	2.15	313.9
TD Pr Mtl-A	8.89	8.94	-7.18	-80.3	-12.69	2.31	n/a
iShares Can Gold Sector Index	15.29	48.2	-5.17	-10.7	-19.11	0.55	1063.3
Featured fund: BMO Precious Metals as of 01/31/13 (in weighted order): Barrick Gold, Perseus Mining, Silver Wheaton, Goldcorp, Franco-Nevada, Kinross Gold, Osisko Mining, Sandstorm Gold, Virginia Mines, Centerra Gold, Continental Gold, PMI Gold. Fund manager: Mark Serdan.

North American stock exchange indices
						52-week
Date	18-Mar	15-Mar	14-Mar	13-Mar	12-Mar	High	Low
TSX Composite	12781.76	12830.03	12799.91	12744.11	12878.58	12904.71	11209.55
S&P/TSX-Ven Comp	1111.78	1117.15	1112.61	1115.36	1119.15	1609.17	1094.04
S&P TSX 60	733.63	737.01	735.93	732.06	740.67	742.39	637.7
Global Gold	253.73	251.62	252.12	250.19	256.45	355.92	242.95
TSX Metals & Mining	930.66	942.45	936.63	931.26	937.51	1113.67	781.13
Gold & Silver XAU	134.77	134.46	133.96	132.6	136.28	196.72	127.89
Amex Gold Bugs	353.79	352.26	350.99	347.41	357.34	529.8	337.29

TSX short positions
Short positions outstanding at Mar. 15/13 (with changes from Feb. 28/13).
Largest short positions
Lundin Mining	LUN	67232290	-1053789
New Gold	NGD	55220392	-33131
Osisko Mining	OSK	33668876	3858357
Aurico Gold	AUQ	24787614	-122510
Dundee Prec	DPM	24187416	4106546
Barrick Gold	ABX	23152182	7276606
Eldorado Gold	ELD	22136069	-9900280
Thompson Creek	TCM	19627375	553797
Turquoise Hill	TRQ	19575942	1656845
First Quantum	FM	16902061	-2195215
Tahoe Res	THO	16573506	-15836
B2gold	BTO	13968386	2325069
Argonaut Gold	AR	13210391	1076676
Iamgold	IMG	12744458	-6305582
Teck Resources	TCK.B	11625226	-1132516
Largest increase in short position
Barrick Gold	ABX	23152182	7276606
Dundee Precious	DPM	24187416	4106546
Osisko Mining	OSK	33668876	3858357
Agnico-Eagle	AEM	10173405	3295169
Nevsun Resources	NSU	4244184	2407221
Largest decrease in short position
Barrick Gold	ABX	23152182	7276606
Dundee Precious	DPM	24187416	4106546
Osisko Mining	OSK	33668876	3858357
Agnico-Eagle	AEM	10173405	3295169
Nevsun Resources	NSU	4244184	2407221

TSX Venture short positions
Short positions outstanding at Mar. 15/13 (with changes from Feb. 28/13).
Largest short positions
Panoro Minerals	PML	5092000	4967006
Gowest Gold	GWA	2999842	2999651
Barkerville Gold	BGM	2576308	-69900
Great Western	GWG	1461155	782500
Aurcana	AUN	1288542	560123
Zenyatta	ZEN	911382	180882
Abcourt Mines	ABI	807000	805000
Probe Mines	PRB	786347	-52585
Orko Silver	OK	654003	450967
Global Met Coal	GMZ	630000	630000
Castillian	CT	593600	214500
Eastcoal	ECX	565000	565000
Alpha Minerals	AMW	515219	222919
Mineral Mountain	MMV	510054	374500
Rockland	RL	510000	45000
Largest increase in short position
Panoro Minerals	PML	5092000	4967006
Gowest Gold	GWA	2999842	2999651
Abcourt Mines	ABI	807000	805000
Great Western	GWG	1461155	782500
Global Met Coal	GMZ	630000	630000
Largest decrease in short position
Cerro Resources	CJO	304500	-3255500
Tomagold	LOT	105000	-1616500
Malbex Resources	MBG	0	-850000
Majestic Gold	MJS	139453	-758250
Canada Strategic	CJC	0	-602000