Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, December 3, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,219.00 -31.75
Silver $19.17 -0.94
Platinum $1,345.00 -41
Palladium $712.00 -10
     
Base Metals Price (US$/tonne) Change
Nickel $13,401.00 -110
Lead $2,065.50 1
Copper $6,962.50 -11.75
Zinc $1,877.75 1
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 2, 2013 (change from November 25, 2013 in brackets):
Aluminium Alloy 59440 (-400)
Aluminium 5471750 (+61475)
Copper 420400 (-17100)
Lead 230175 (-3450)
Nickel 252126 (+344)
Tin 10880 (-210)
Zinc 960250 (-13100)


Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,600/t

Bismuth: Mid-mkt US$9.00/lb.

Cadmium 99.9: Mid-mkt US$1.00/lb.

Coal: CME Group Central Appalachian Coal Futures Jan. 2014: US$54.48; Feb. 2014: US$54.84

Cobalt 99.8: US$12.50/lb.

Copper: Comex Copper Futures Jan. 2014: US$3.183/lb.; Comex Feb. 2014: $3.184/lb.

Germanium: US$1,370/kg.

Indium: NY Dealer Mid-mkt US$670.00/kg.

Iridium: Mid-mkt US$444.09/tr. oz.

Magnesium FOB China: Mid-mkt US$2,900.00/t.

Manganese FOB China: Mid-mkt US$2,400.00/t.

Molybdenum Oxide: US$9.70/lb.

Rhodium: Mid-mkt US$954.55/tr. oz.

Ruthenium: Mid-mkt US$57.00/tr. oz.

Selenium: Mid-mkt US$28.00/lb.

Silver: Base: US$19.10; Fabricated: US$22.91; Sterling: US$17.71

Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu

Uranium: U3O8, Trade Tech spot price: US$35.90/lb.; Uranium Exchange Co. spot price: N.A.

Ferrovanadium: US$25.00/kg; Vanadium-Pentoxide: US$5.90/lb.

Prices current Dec. 3, 2013


Daily metal prices

Date Dec-02 Nov-29 Nov-28 Nov-27 Nov-26
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1740/1780 1750/1790 1760/1800 1735/1775 1745/1785
Aluminum 1699/1745.50 1710/1753 1700.50/1750.50 1720.50/1767 1734/1780.50
Copper 7008/7012 7026/7029 6987/6994 7051/7068 7070.50/7074
Lead 2040/2065 2051/2075 2039/2065 2066/2090 2072.50/2093
Nickel 13385/13450 13410/13475 13260/13335 1344/13470 13460/13540
Tin 22680/22650 22525/22575 22757/22595 22850/22870 22940/22910
Zinc 1855/1876 1858.50/1877 1847.50/1869 1855/1883 1872.50/1902
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1237.5 1245.25 1241.75 1250.75 1250.75
Gold PM 1229.5 1253 1245.5 1245 1247.5
Silver 19.75 19.93 19.76 19.98 20.11
Platinum 1357 1376 1357 1377 1381
Palladium 717 724 717 725 720
Exchnage rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date Dec-02 Nov-29 Nov-28 Nov-27 Nov-26  
US$ in C$ 1.0634 1.0599 1.0593 1.0595 1.0547  
C$ in US$ 0.9404 0.9435 0.944 0.9438 0.9481  
             
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9674 1.441 0.01032 0.08053 0.1036 1.7403
In US$ 0.9097 1.3551 0.00971 0.07573 0.09742 1.6365
Canadian gold mutual funds
Fund name  Dec. 2  Nov. 25 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 16.1 17.98 -5.67 -39.4 -45.7 2.56 698.9
Altamira Pr & Str Mtl 8.07 9.18 -5.71 -37.7 -45.21 2.35 83.5
BMO Junior Gold Index ETF 5.86 6.85 -2.78 -51.5 -58.42 0.58 108.4
BMO Pr Mtl 12.23 13.65 -2.75 -39.2 -45.57 2.29 133.6
CIBC Pr Mtl 8.87 10.09 -4.62 -41.1 -47.74 2.4 141.8
Dynamic Can Pr Mtl 5.18< /span> 6.12 -6.43 -52 -59.37 1.65 811.6
London Life Precious Mtl 16.68 18.97 -8.38 -44.2 -50.75 3.37 259.2
Middlefield Precious Metals 5.57 6.42 -12.38 -46.1 -53.2 2.48 8.5
RBC Global Pr Mtl 21.17 23.92 -3.19 -39.9 -46.83 2.04 1380.4
Sentry Pr Mtl Growth 23.94 28.32 2.76 -46.8 -55.04 2.75 731.5
Sprott Gold and Pr Minls 23.18 25.77 -11.45 -47.8 -53.04 2.84 854
Sprott Gold and Pr Minls F 24.75 27.5 -10.69 -47.4 -52.62 1.78 n/a
TD Pr Mtl 27.08 30.2 -7.05 -37.3 -43.82 2.15 313.9
TD Pr Mtl-A 5.71 6.37 -7.18 -37.4 -43.88 2.31 n/a
iShares TSX Global Gold Index 9.46 10.79 -5.17 -42.1 -49.22 0.55 802.1
Featured fund: BMO Precious Metals top holdings as of 09/30/13 (in weighted order): B2Gold, Virginia Mines, Goldcorp, Franco-Nevada, Silver Wheaton, Osisko Mining, Semafo, Barrick Gold, Tahoe Resources, New Gold, Randgold Resources, First Majestic Silver. Fund manager: Mark Serdan.  
North American stock exchange indices
            52-week
Date Dec-02 Nov-29 Nov-28 Nov-27 Nov-26 High Low
TSX Composite 13419.57 13395.4 13370.83 13362.06 13349.77 13517.02 11759.04
S&P/TSX-Ven Comp 922.49 934.89 926.67 929.53 928.6 1247.01 859.31
S&P TSX 60 774.37 771.86 770.71 770.34 769.42 780.25 677.55
Global Gold 153.61 161.61 159.62 158.82 156.98 309.9 151.18
TSX Metals & Mining 734.54 748.8 755.34 738.84 744.85 1050.76 662.2
Gold & Silver XAU 81.88 86.46 84.74 84.25 86.12 169.97 80.72
Amex Gold Bugs 196.91 208.92 204.33 202.73 208.4 455.35 193.63
TSX short positions
Short positions outstanding at Nov. 30/13 (with changes from Nov. 15/13).
       
Largest short positions
Lundin Mining  LUN 61982462 -612635
Kinross Gold  K 50405735 6914824
New Gold  NGD 48719043 230863
Eldorado Gold  ELD 40691916 10364141
Osisko Mining  OSK 35786854 -213662
Turquoise Hill  TRQ 32264287 1033334
Yamana   YRI 23753340 -1.1E+07
First Quantum  FM 22516148 -3941143
Tahoe Res.  THO 19577911 -117263
B2gold   BTO 19144058 650248
Detour Gold  DGC 18646304 596593
Thompson Creek  TCM 18399191 104743
Cameco   CCO 16108234 3049926
Dundee Prec.  DPM 13716150 143166
Potash Corp. POT 12568511 -5305239
Largest increase in short position
Eldorado Gold ELD 40691916 10364141
Kinross Gold  K 50405735 6914824
Silver Wheaton  SLW 4290916 3090303
Cameco   CCO 16108234 3049926
Canada Lithium  CLQ 3893893 2540100
Largest decrease in short position
Yamana Gold  YRI 23753340 -1.1E+07
First Majestic  FR 7100206 -5972660
Potash Corp. POT 12568511 -5305239
First Quantum  FM 22516148 -3941143
Denison Mines  DML 1473008 -3850742
TSX Venture short positions
Short positions outstanding at Nov. 30/13 (with changes from Nov. 15/13).
       
Largest short positions
Fission Uranium  FCU 3833536 723280
Revolver Resources  RZ 2001000 2001000
Robex Resources  RBX 1780000 1730000
Tasman Metals        TSM 1093905 -244550
Great Western        GWG 836000 -113500
Sirios Resources  SOI 434000 -80000
Sunridge Gold          SGC 399000 56500
Passport Potash  PPI 359000 359000
Zenyatta Ventures  ZEN 312663 -21400
Arianne Phosphate  DAN 265500 -96200
Gold Standard          GSV 250000 -300
Silvermet           SYI 241000 241000
Big North Graphite  NRT 217000 -6000
Asher Resources  ACN 209000 38500
Ecuador Gold           EGX 183000 183000
Largest increase in short position
Revolver Resources  RZ 2001000 2001000
Robex Resources  RBX 1780000 1730000
Fission Uranium  FCU 3833536 723280
Passport Potash  PPI 359000 359000
Silvermet          SYI 241000 241000
Largest decrease in short position
KWG Resources          KWG 2681 -878000
Aldrin Resource  ALN 0 -642500
Hunter Bay Minerals HBY 0 -310000
Tasman Metals         TSM 1093905 -244550
Kincora Copper   KCC 2000 -227000
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