Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 8 2014
Precious Metals Price (US$/oz.) Change
Gold $1,286.50 -28.25
Silver $19.80 -0.2
Platinum $1,424.00 -9
Palladium $771.00 -16.5
     
Base Metals Price (US$/tonne) Change
Nickel $16,371.00 -31
Lead $2,058.75 -5.5
Copper $6,647.50 -27.5
Zinc $2,011.25 9.25
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 7, 2014 (change from March 31, 2014 in brackets):
Aluminium Alloy 54580 (-180)
Aluminium 5355675 (-26221)
Copper 254575 (-10600)
Lead 202025 (+1700)
Nickel 281010 (-3684)
Tin 9495 (-60)
Zinc 827375 (+47775)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,600/t
Bismuth: Mid-mkt US$10.50/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
May 2014: US$60.47; June 2014: US$60.65
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures May 2014: US$3.056/lb.; Comex June 2014: $3.045/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Gallium: US$300/kg
Indium: NY Dealer Mid-mkt US$760.00/kg.
Iridium: Mid-mkt US$541.82/tr. oz.
Magnesium FOB China: Mid-mkt US$2,800.00/t.
Manganese FOB China: Mid-mkt US$2400.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$10.50/lb.
Rhodium: Mid-mkt US$1,093.64/tr. oz.
Ruthenium: Mid-mkt US$68.14/tr. oz.
Selenium: Mid-mkt US$29.00/lb.
Silver: Base: US$20.08; Fabricated: US$24.09; Sterling: US$18.62
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00
per mtu
Uranium: U3O8, Trade Tech spot price: US$34.00/lb.; Uranium Exchange Co. spot price: US$33.75/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current April 8, 2014

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Daily metal prices
Date 7-Apr 4-Apr 3-Apr 2-Apr 1-Apr
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1900/1930 1880/1910 1895/1925 1895/1925 1870/1895
Aluminum 1793/1830.50 1809/1844.50 1782/1822 1776/1816 1743.50/1784.50
Copper 6610/6615 6676.50/6680 6605.50/6610 6712/6705 6631.50/6627
Lead 2020/2040 2045.50/2061 2015.50/2039.50 2035/2057.50 2025/2050
Nickel 16460/16495 16510/16570 16140/16190 16120/16170 15775/15820
Tin 23075/23000 23180/23100 23080/23095 23100/23075 22905/22850
Zinc 1985.50/1992 1998/2002 1964/1968 1983.50/1984.50 1961/1965
         
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1299 1293.5 1287.25 1284 1286.5
Gold PM 1299 1297.25 1284 1292 1283.75
Silver 19.81 19.93 19.83 19.82 19.8
Platinum 1435 1444 1436 1434 1429
Palladium 785 789 788 787.5 778
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 7-Apr 4-Apr 3-Apr 2-Apr 1-Apr  
US$ in C$ 1.0971 1.0978 1.1035 1.1031 1.1027  
C$ in US$ 0.9115 0.9109 0.9062 0.9065 0.9069  
             
EXCHANGE RATES (Bank of Canada, Apr 7, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0164 1.508 0.01065 0.08433 0.1043 1.8228
In US$ 0.9264 1.3745 0.00971 0.07687 0.09507 1.6615
Canadian gold mutual funds
Fund name  Apr. 7  Mar. 31 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 20.17 19.94 0.23 0.012 19.49 2.56 698.9
Altamira Pr & Str Mtl 10.17 9.99 0.18 0.018 18.95 2.35 83.5
BMO Junior Gold Index ETF 7.58 7.41 0.17 0.023 23.2 0.58 108.4
BMO Pr Mtl 15.38 15.23 0.15 0.01 18.35 2.29 133.6
CIBC Pr Mtl 11.09 10.99 0.1 0.009 20.91 2.4 141.8
Dynamic Can Pr Mtl 6.84 6.68 0.16 0.024 26.9 1.65 811.6
London Life Precious Mtl 22.09 21.66 0.43 0.02 27.21 3.37 259.2
Middlefield Precious Metals 7.13 7.03 0.1 0.014 22.28 2.48 8.5
RBC Global Pr Mtl 26.3 25.91 0.39 0.015 17.97 2.04 1380.4
Sentry Pr Mtl Growth 33.62 32.79 0.83 0.025 29.99 2.75 731.5
Sprott Gold and Pr Minls 30.02 29.43 0.59 0.02 24.22 2.84 854
Sprott Gold and Pr Minls F 32.17 31.53 0.64 0.02 24.57 1.78 n/a
TD Pr Mtl 32.81 32.3 0.51 0.016 16.27 2.15 313.9
TD Pr Mtl-A 6.92 6.81 0.11 0.016 16.23 2.31 n/a
iShares TSX Global Gold Index 11.53 11.31 0.23 0.02 18.49 0.55 802.1
Featured fund: Dynamic Precious Metals top holdings as of 09/30/13 (in weighted order): Alamos Gold, Regis Resources, Torex Gold, Osisko Mining, Goldcorp, Detour Gold, Papillon Resources, Belo Sun Mining, Fresnillo. Fund manager: Robert Cohen.

North American stock exchange indices
            52-week
Date 7-Apr 4-Apr 3-Apr 2-Apr 1-Apr High Low
TSX Composite 14270.33 14393.1 14402.21 14459.11 14380.55 14474.65 11759.04
S&P/TSX-Ven Comp 996.97 1007.16 1001.96 1006.29 1000.93 1054.77 859.31
S&P TSX 60 814.59 821.15 822.84 826.92 823.59 829.89 677.55
Global Gold 184.75 185.26 184.3 186.09 181.14 242.72 149.29
TSX Metals & Mining 799.9 802.26 799.89 805.83 795.78 888.1 662.2
Gold & Silver XAU 92.94 93.3 92.69 93.53 91.54 130.63 79.73
Amex Gold Bugs 226.26 226.41 224.9 226.03 219.92 340.69 188.39
TSX short positions
Short positions outstanding at Mar. 31/14 (with changes from Mar. 15/14).
Largest short positions
Lundin Mining         LUN 61298561 1029488
New Gold          NGD 39746779 934894
Barrick Gold     ABX 32423380 22208533
Kinross Gold       K 28073150 5379230
Detour Gold       DGC 22480680 -1157743
Potash Corp.      POT 19059876 -1066593
Tahoe Resources  THO 18731371 -291142
B2gold            BTO 17605092 -994161
Thompson Creek          TCM 15084868 -911007
Eldorado Gold       ELD 12681868 557678
Dundee Precious  DPM 11769300 -153855
Argonaut Gold       AR 11511273 371805
First Majestic   FR 10617745 -85313
Silver Standard  SSO 8764698 -85065
Osisko Mining          OSK 8629018 -8617230
Largest increase in short position
Barrick Gold           ABX 32423380 22208533
Kinross Gold          K 28073150 5379230
North Am. Palladium PDL 7240406 3609446
Mbac Fertilizer  MBC 1718220 1490056
Lundin Mining           LUN 61298561 1029488
Largest decrease in short position
Endeavour Mining  EDV 917793 -1.7E+07
Yamana Gold        YRI 6991331 -8623302
Osisko Mining          OSK 8629018 -8617230
First Quantum          FM 3797544 -8560217
Entree Gold         ETG 1200 -8037265
TSX Venture short positions
Short positions outstanding at Mar. 31/14 (with changes from Mar. 15/14).
Largest short positions
Everton Resources  EVR 5984010 5984010
Fission Uranium  FCU 1992592 -1.1E+07
Nemaska Lithium  NMX 1090000 664500
Atac Resources   ATC 784552 490000
Ucore Rare Metals  UCU 502500 302500
Geomega Resources. GMA 479700 351600
Fission 3.0          FUU 460326 -1500
Arianne Phosphate  DAN 407100 31900
Zenyatta Ventures ZEN 254198 -10300
Gold Standard          GSV 250100 100
Coventry Resources  CYY 227800 227800
Arena Minerals     AN 210346 210346
Highbank Resources  HBK 200000 200000
NWM Mining          NWM 200000 200000
Goldrock Mines   GRM 196300 193000
Largest increase in short position
Everton Resources  EVR 5984010 5984010
Nemaska Lithium  NMX 1090000 664500
ATAC Resources   ATC 784552 490000
Geomega Resources  GMA 479700 351600
Ucore Rare Metals  UCU 502500 302500
Largest decrease in short position
Fission Uranium  FCU 1992592 -1.1E+07
Constantine Metal  CEM 8300 -5078940
Lomiko Metals          LMR 0 -2648500
Explor Resources  EXS 0 -2081892
Graphite One        GPH 0 -1802500
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