Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, July 9, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,286.00 34
Silver $19.95 0.85
Platinum $1,412.00 44
Palladium $727.00 25
     
Base Metals Price (US$/tonne) Change
Nickel $13,750.00 245
Lead $2,063.25 9
Copper $7,006.75 90.5
Zinc $1,884.25 -7.75
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15, 2013 (change from July 8, 2013 in brackets):
Aluminium Alloy 68100 0
Aluminium 5410050 (-9825)
Copper 637850 (-18750)
Lead 193950 (-2225)
Nickel 196308 (+2730)
Tin 14435 (+5)
Zinc 1002650 (-27675)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900.00/t
Bismuth: Mid-mkt US$9.00/lb.
Cadmium 99.9: Mid-mkt US$1.05/lb.
Coal: CME Group Central Appalachian Coal Futures
Aug. 2013: US$54.98; Sept. 2013: US$55.37
Cobalt 99.8: US$15.25/lb.
Copper: Comex Copper Futures Aug. 2013: US$3.071/lb.; Comex Sept. 2013: $3.067/lb.
Germanium: US$1,750/kg.
Indium: NY Dealer Mid-mkt US$560.00/kg.
Iridium: Mid-mkt US$940.91/tr. oz.
Magnesium FOB China: Mid-mkt US$2,850.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum Oxide: US$10.75/lb.
Rhodium: Mid-mkt US$1,021.82/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$32.00/lb.
Silver: Base: US$19.19; Fabricated: US$23.03; Sterling: US$17.80
Tungsten: APT Tungstate FOB China mid-mkt: US$400.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$39.55/lb.; Uranium Exchange Co. spot price: US$39.50/lb.
Ferrovanadium: US$28.00/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current July 9, 2013

Daily metal prices
Date 15-Jul 12-Jul 11-Jul 10-Jul 9-Jul
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1765/1800 1770/1800 1785/1815 1785/1815 1765/1795
Aluminum 1761/1805 1789.50/1831.50 1800/1841.50 1761/1804.50 1739.50/1786
Copper 6891/6919 6922.50/6940 6995/7019 677950/6784.50 6718.50/6727.50
Lead 2049/2063 2048/2062 2092.50/2105 2045.50/2064.50 2028/2046
Nickel 13375/13450 13560/13625 13650/13725 13460/13550 13155/13240
Tin 19300/19350 19445/19495 19675/19795 19675/19695 19365/19400
Zinc 1855.50/1890 1860.50/1894 1885/1918 1845.50/1881.50 1824/1859
           
PRECIOUS METAL P
RICES (London fix, US$ per troy oz.)
Gold AM 1281.25 1275 1280.75 1252.25 1252
Gold PM 1284.75 1279.75 1285 1256 1255.5
Silver 19.82 19.66 19.85 19.37 19.1
Platinum 1410 1403 1401 1370 1362
Palladium 724 716 723.5 710 699
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 15-Jul 12-Jul 11-Jul 10-Jul 9-Jul  
US$ in C$ 1.0413 1.0392 1.0389 1.0511 1.053  
C$ in US$ 0.9603 0.9623 0.9626 0.9514 0.9497  
             
EXCHANGE RATES (Bank of Canada, July 15, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9461 1.3578 0.01041 0.08173 0.1052 1.571
In US$ 0.9086 1.3039 0.00999 0.07849 0.101 1.5087
Canadian gold mutual funds
Fund name  July 15  July 8 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 18.44 17.16 -5.67 -32.9 -37.8 2.56 698.9
Altamira Pr & Str Mtl 9.44 8.43 -5.71 -66.1 -35.91 2.35 83.5
BMO Junior Gold Index ETF 7.72 6.94 -2.78 4.3 -45.3 0.58 108.4
BMO Pr Mtl 14.12 13.04 -2.75 -20.9 -37.17 2.29 133.6
CIBC Pr Mtl 9.97 9.21 -4.62 -50.2 -41.26 2.4 141.8
Dynamic Can Pr Mtl 6.2 5.73 -6.43 -114.2 -51.37 1.65 811.6
London Life Pr Mtl (MX) 19.16 17.61 -8.38 -47.2 -43.45 3.37 259.2
Mackenzie Un Pr Mtl C$ 9.16 8.42 -7.63 -90 -43.16 2.44 569.9
Middlefield Precious Metals 6.95 6.48 -12.38 -189.3 -41.57 2.48 8.5
Quadrus Mack Un Pr Mtl 10.54 9.69 -7.72 -79.1 -43.22 2.7 66.7
RBC Global Pr Mtl 24.56 22.42 -3.19 -14 -38.33 2.04 1380.4
Sentry Pr Mtl Growth 29.06 26.19 2.76 10.4 -45.43 2.75 731.5
Sprott Gold and Pr Minls 26.27 24.43 -11.45 -45.4 -46.79 2.84 854
Sprott Gold and Pr Minls F 27.93 26.04 -10.69 -39.9 -46.54 1.78 n/a
TD Pr Mtl 29.66 27.32 -7.05 -25.1 -38.64 2.15 313.9
TD Pr Mtl-A 6.26 5.76 -7.18 -121.1 -38.51 2.31 n/a
iShares Can Gold Sector Index 11 10.04 -5.17 -48.6 -41.29 0.55 1063.3
 Featured fund: Sentry Precious Metals top holdings as of 01/31/13 (in weighted order): Allied Nevada Gold, Rio Alto Mining, Argonaut Gold, AuRico Gold, Semafo, B2Gold, Sandstorm Gold, Alamos Gold, Osisko Mining, Silver Wheaton. Fund manager: Kevin MacLean.       
TSX short positions
Short positions outstanding at June 31/13 (with changes from June 15/13).
       
Largest short positions
Lundin Mining    LUN 71294110 480140
New Gold         NGD 55406738 3369677
Osisko Mining     OSK 40949157 -1524434
Barrick Gold     ABX 37241403 8449791
Kinross Gold     K 35598829 -1306176
Turquoise Hill    TRQ 30816806 -36971
Tahoe Resources  THO 21011372 1011607
Thompson Creek    TCM 20438972 312247
Eldorado Gold    ELD 18790696 -1.3E+07
Dundee Precious  DPM 15966300 -44450
B2gold           BTO 13785471 425302
First Majestic Silver  FR 13411100 -209496
Detour Gold       DGC 12934435 389983
First Quantum     FM 12087479 -1.1E+07
Argonaut Gold    AR 11053087 -363208
Largest increase in short position
Barrick Gold         ABX 37241403 8449791
New Gold         NGD 55406738 3369677
Horizons Gld Bull HGU 3076401 1749400
Endeavour Mining  EDV 1776732 1230848
Silver Standard  SSO 8610622 1082217
Largest decrease in short position
Eldorado Gold  ELD 18790696 -1.3E+07
First Quantum  FM 12087479 -1.1E+07
Potash Corp  POT 5735696 -4383438
Cameco          CCO 3339639 -3617699
Osisko Mining  OSK 40949157 -1524434
TSX Venture short positions
Short positions outstanding at June 31/13 (with changes from June 15/13).
       
Largest short positions
Barkerville   BGM 2214215 143500
Majestic Gold  MJS 1312000 1235000
Radius Gold  RDU 1110000 1110000
Great Western  GWG 777500 -8000
Pacific Potash  PP 758000 -203000
Argex Titanium  RGX 749573 350300
Alpha Minerals  AMW 545197 -10100
Bellhaven   BHV 539000 285000
Edgewater  EDW 407500 140500
Huldra Silver  HDA 358000 157000
Arian Silver  AGQ 343000 343000
Zenyatta  ZEN 334864 -3586
Apogee Silver  APE 303482 303000
Aqm Copper  AQM 277000 277000
Aldrin Res.  ALN 254000 2
54000
Largest increase in short position
Majestic Gold  MJS 1312000 1235000
Radius Gold  RDU 1110000 1110000
Argex Titanium  RGX 749573 350300
Arian Silver  AGQ 343000 343000
Apogee Silver  APE 303482 303000
Largest decrease in short position
Amarc Resources  AHR 0 -478000
Coventry Resources  CYY 0 -386828
Adroit Resources  ADT 0 -341000
African Gold           AGG 0 -235000
Strike Minerals  STK 0 -209000
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