Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, March 11 2014
Precious Metals Price (US$/oz.) Change
Gold $1,348.00 8.5
Silver $21.25 0.1
Platinum $1,481.00 31
Palladium $777.50 30.5
     
Base Metals Price (US$/tonne) Change
Nickel $15,662.00 220
Lead $2,100.00 16.25
Copper $6,667.50 18.75
Zinc $2,043.50 5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 10, 2014 (change from March 3, 2014 in brackets):
Aluminium Alloy 54760 (-20)
Aluminium 5285700 (-18125)
Copper 205400 (-8325)
Lead 203800 (+1025)
Nickel 271200 (+72)
Tin 9205 (+120)
Zinc 792375 (+34425)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900/t
Bismuth: Mid-mkt US$10.50/lb.
Cadmium 99.9: Mid-mkt US$0.92/lb.
Coal: CME Group Central Appalachian Coal Futures
Apr. 2014: US$60.40; May 2014: US$60.50
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures Apr. 2014: US$2.999/lb.; Comex May 2014: $2.963/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Indium: NY Dealer Mid-mkt US$760.00/kg.
Iridium: Mid-mkt US$492.17/tr. oz.
Magnesium FOB China: Mid-mkt US$2,800.00/t.
Manganese FOB China: Mid-mkt US$2,350.00/t.
Molybdenum Oxide: US$10.00/lb.
Rhodium: Mid-mkt US$1,077.17/tr. oz.
Ruthenium: Mid-mkt US$65.17/tr. oz.
Selenium: Mid-mkt US$30.00/lb.
Silver: Base: US$20.72; Fabricated: US$24.87; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.00/lb.; Uranium Exchange Co. spot price: US$35.00/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Mar. 12, 2014

Daily metal prices
Date 10-Mar 7-Mar 6-Mar 5-Mar 4-Mar
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1845/1875 1855/1885 1815/1845 1835/1865 1770/1820
Aluminum 1714.50/1756 1729/1770 1731.50/1774 1741/1785.50 1686.50/1732.50
Copper 6715.50/6690 6930/6915 7054/7034 7102/7050 7034.50/6995
Lead 2038/2066 2084/2110 2104.50/2131 2123/2149 2102/2124.50
Nickel 15130/15160 15325/15330 15450/15480 15300/15325 14825/14860
Tin 22850/22825 23130/23100 23295/23250 23340/23325 23200/23175
Zinc 2046/2024 2094/2066.50 2117/2101 2155/2132 2113.50/2085
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1334.25 1348.25 1334.25 1333.5 1339.5
Gold PM 1344 1335.25 1345.25 1337 1334.75
Silver 20.99 21.38 21.11 21.32 21.15
Platinum 1476 1474 1484 1481 1449
Palladium 774.5 776 780 778 749
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 10-Mar 7-Mar 6-Mar 5-Mar 4-Mar  
US$ in C$ 1.1105 1.1089 1.0966 1.1051 1.1114  
C$ in US$ 0.9005 0.9018 0.9119 0.9049 0.8998  
             
EXCHANGE RATES (Bank of Canada, Mar 10, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0017 1.5414 0.01076 0.08399 0.1033 1.8471
In US$ 0.902 1.3879 0.00969 0.07563 0.09302 1.6633
Canadian gold mutual funds
Fund name  Mar. 10  Mar. 3 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 21.74 21.87 -5.67 -39.4 28.79 2.56 698.9
Altamira Pr & Str Mtl 11.01 11.1 -5.71 -37.7 28.7 2.35 83.5
BMO Junior Gold Index ETF 8.35 8.32 -2.78 -51.5 35.77 0.58 108.4
BMO Pr Mtl 16.84 16.75 -2.75 -39.2 29.58 2.29 133.6
CIBC Pr Mtl 12.02 12.03 -4.62 -41.1 31.1 2.4 141.8
Dynamic Can Pr Mtl 7.29 7.29 -6.43 -52 35.25 1.65 811.6
London Life Precious Mtl 23.65 23.71 -8.38 -44.2 36.19 3.37 259.2
Middlefield Precious Metals 7.79 7.83 -12.38 -46.1 33.46 2.48 8.5
RBC Global Pr Mtl 28.53 28.54 -3.19 -39.9 27.93 2.04 1380.4
Sentry Pr Mtl Growth 35.83 35.86 2.76 -46.8 38.52 2.75 731.5
Sprott Gold and Pr Minls 32.98 33.07 -11.45 -47.8 36.46 2.84 854
Sprott Gold and Pr Minls F 35.31 35.4 -10.69 -47.4 36.73 1.78 n/a
TD Pr Mtl 35.55 35.93 -7.05 -37.3 25.97 2.15 313.9
TD Pr Mtl-A 7.5 7.58 -7.18 -37.4 25.92 2.31 n/a
iShares TSX Global Gold Index 12.5 12.51 -5.17 -42.1 28.15 0.55 802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold Resources, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter.
North American stock exchange indices
            52-week
Date 10-Mar 7-Mar 6-Mar 5-Mar 4-Mar High Low
TSX Composite 14302.06 14299.08 14271.92 14304.17 14289.86 14335.52 11759.04
S&P/TSX-Ven Comp 1042.85 1043.01 1039.36 1029.28 1021.33 1122.31 859.31
S&P TSX 60 819.7 818.55 816.48 819.14 818.56 821.44 677.55
Global Gold 199.62 200.92 203.19 202.4 200.62 260.69 149.29
TSX Metals & Mining 803.71 828.15 858.59 844.08 837.13 945.26 662.2
Gold & Silver XAU 99.86 100.64 103.15 101.95 100.49 138.23 79.73
Amex Gold Bugs 241.04 242.43 246.53 243.08 239.88 364.26 188.39
TSX short positions
Short positions outstanding at Feb. 28/13 (with changes from Feb. 15/14).
Largest short positions
Lundin Mining LUN 61577313 -923703
New Gold  NGD 40524805 1694984
Kinross Gold  K 32600135 -3602219
Detour Gold  DGC 26016122 -266643
Eldorado Gold ELD 24045172 4312070
First Quantum  FM 21735942 -739160
Potash Corp. POT 20636514 -5648336
Yamana Gold  YRI 19939983 -496272
Tahoe Res.  THO 19618156 213808
Osisko Mining  OSK 17323181 -1.4E+07
B2gold   BTO 16986145 1147122
Thompson Creek  TCM 16385468 -555267
Cameco    CCO 15497050 1713361
Rubicon Min.  RMX 14053830 11187520
Goldcorp  G 13737692 842340
Largest increase in short position
Rubicon Min.  RMX 14053830 11187520
Eldorado Gold  ELD 24045172 4312070
Teck Resources  TCK.B 12351680 3646804
Silver Wheaton  SLW 12758061 2095271
Cameco     CCO 15497050 1713361
Largest decrease in short position
Torex Gold  TXG 8294254 -2.4E+07
Torex Gold Wt  TXG.WT 0 -1.5E+07
Osisko Mining  OSK 17323181 -1.4E+07
Potash Corp. POT 20636514 -5648336
Kinross Gold  K 32600135 -3602219
TSX Venture short positions
Short positions outstanding at Feb. 28/13 (with changes from Feb. 15/14).
Largest short positions
Lomiko Metals         LMR 1845500 -881900
Graphite One       GPH 1008500 770000
Santacruz Silver  SCZ 751500 260800
Mindoro Resources  MIO 702200 702200
Aurcana           AUN 568138 30500
Everton Resources  EVR 557000 557000
Purepoint Uranium  PTU 488200 467000
Nexgen Energy          NXE 463500 463500
Fission 3.0          FUU 461132 -500
Metanor Resources  MTO 412600 400500
Tomagold             LOT 388000 -54000
Arianne Phosphate  DAN 349600 17900
Kincora Copper   KCC 336000 336000
Gold Standard           GSV 304500 246700
Pangolin Diamonds  PAN 300000 300000
Largest increase in short position
Graphite One          GPH 1008500 770000
Mindoro Resources MIO 702200 702200
Everton Resources  EVR 557000 557000
Purepoint Uranium  PTU 488200 467000
Nexgen Energy          NXE 463500 463500
Largest decrease in short position
Delta Gold            DLT 4000 -7784000
True Gold Mining  TGM 11945 -4421600
Lomiko Metals          LMR 1845500 -881900
Kombat Copper          KBT 0 -870000
Radisson Mining  RDS 0 -683000
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