Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 22 2014
Precious Metals Price (US$/oz.) Change
Gold $1,390.75 -20.75
Silver $19.51 -0.26
Platinum $1,410.00 -39
Palladium $784.00 -12
     
Base Metals Price (US$/tonne) Change
Nickel $18,275.00 350
Lead $2,160.00 18.5
Copper $6,637.00 -12.5
Zinc $2,087.50 27
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17, 2014 (change from April 10, 2014 in brackets):
Aluminium Alloy 54540 (-40)
Aluminium 5315575 (-35175)
Copper 242300 (-7725)
Lead 200400 (-2000)
Nickel 277434 (-1410)
Tin 9515 (+75)
Zinc 801500 (-16400)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,500/t
Bismuth: Mid-mkt US$10.40/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
May 2014: US$61.50; June 2014: US$61.85
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures May 2014: US$3.063/lb.; Comex June 2014: $3.054/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Gallium: US$300/kg
Indium: NY Dealer Mid-mkt US$755.00/kg.
Iridium: Mid-mkt US$570.48/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2200.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$13.50/lb.
Rhodium: Mid-mkt US$1,141.67/tr. oz.
Ruthenium: Mid-mkt US$71.14/tr. oz.
Selenium: Mid-mkt US$27.00/lb.
Silver: Base: US$19.45; Fabricated: US$23.34; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$32.50/lb.; Uranium Exchange Co. spot price: US$32.50/lb.
Ferrovanadium: US$26.50/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current April 23, 2014

Daily metal prices
Date 21-Apr 18-Apr 17-Apr 16-Apr 15-Apr
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy N/A N/A 1875/1910 1875/1910 1875/1910
Aluminum N/A N/A 1836.50/1874.50 1836.50/1874.50 1836.50/1874.50
Copper N/A N/A 6630.50/6631.50 6630.50/6631.50 6630.50/6631.50
Lead N/A N/A 2120.50/2142.50 2120.50/2142.50 2120.50/2142.50
Nickel N/A N/A 17980/17950 17980/17950 17980/17950
Tin N/A N/A 23310/23310 23310/23310 23310/23310
Zinc N/A N/A 2057/2073 2057/2073 2057/2073
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM N/A N/A 1299.25 1299 1311.5
Gold PM N/A N/A 1299 1301.5 1298
Silver N/A N/A 19.62 19.6 19.77
Platinum N/A N/A 1437 1442 1435
Palladium N/A N/A 801 800 791
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 21-Apr 18-Apr 17-Apr 16-Apr 15-Apr  
US$ in C$ 1.1021 N/A 1.0998 1.1028 1.0981  
C$ in US$ 0.9074 N/A 0.9093 0.9068 0.9107  
             
EXCHANGE RATES (Bank of Canada, Apr 21, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0289 1.5197 0.01074 0.08451 0.105 1.8506
In US$ 0.9336 1.3789 0.00975 0.7668 0.09527 1.6792
Canadian gold mutual funds
Fund name  Apr. 21  Apr. 15 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.42 19.81 -0.39 -0.02 15.05 2.56 698.9
Altamira Pr & Str Mtl 9.7 9.92 -0.22 -0.022 13.45 2.35 83.5
BMO Junior Gold Index ETF 7.22 7.34 -0.12 -0.016 17.47 0.58 108.4
BMO Pr Mtl 14.68 14.87 -0.19 -0.013 12.96 2.29 133.6
CIBC Pr Mtl 10.71 10.92 -0.21 -0.019 16.82 2.4 141.8
Dynamic Can Pr Mtl 6.76 6.8 -0.04 -0.006 25.42 1.65 811.6
London Life Precious Mtl 21.58 21.99 -0.41 -0.019 24.31 3.37 259.2
Middlefield Precious Metals 6.87 6.99 -0.12 -0.017 17.83 2.48 8.5
RBC Global Pr Mtl 25.32 25.67 -0.35 -0.014 13.54 2.04 1380.4
Sentry Pr Mtl Growth 31.88 32.58 -0.7 -0.021 23.25 2.75 731.5
Sprott Gold and Pr Minls 28.81 29.16 -0.35 -0.012 19.2 2.84 854
Sprott Gold and Pr Minls F 30.88 31.25 -0.37 -0.012 19.58 1.78 n/a
TD Pr Mtl 31.31 32.49 -1.18 -0.036 13.08 2.15 313.9
TD Pr Mtl-A 6.73 6.85 -0.12 -0.018 13.03 2.31 n/a
iShares TSX Global Gold Index 11.2 11.38 -0.18 -0.016 15.1 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 21-Apr 18-Apr 17-Apr 16-Apr 15-Apr High Low
TSX Composite 14493.68 N/A 14500.39 14446.52 14303.92 14538.2 11759.04
S&P/TSX-Ven Comp 997.21 N/A 998.77 997.97 992.1 1050.26 859.31
S&P TSX 60 826.86 N/A 827.32 824.41 816.53 830.21 677.55
Global Gold 179.41 N/A 180.15 181.86 182.4 218.9 149.29
TSX Metals & Mining 834.9 N/A 837.72 831.89 822.13 876.29 662.2
Gold & Silver XAU 89.9 N/A 90.18 90.83 91.87 150.74 79.73
Amex Gold Bugs 219.3 N/A 219.81 221.85 224.1 293.47 188.39
TSX short positions
Short positions outstanding at Apr. 15/14 (with changes from Mar. 31/14).
Largest short positions
Lundin Mining    LUN 63833382 2534821
New Gold         NGD 39085505 -661274
Kinross Gold           K 27141880 -931270
Barrick Gold        ABX 25532506 -6890874
N.A. Palladium   PDL 22964735 15724329
Detour Gold      DGC 22631915 151235
Tahoe Resources  THO 18868771 137400
Potash Corp.     POT 18314209 -745667
B2gold           BTO 17565433 -39659
Eldorado Gold    ELD 15377988 2696120
Thompson Creek   TCM 13931616 -1153252
Argonaut Gold    AR 12120050 608777
Dundee Precious  DPM 11806164 36864
First Majestic   FR 10586347 -31398
Silver Standard  SSO 8668330 -96368
Largest increase in short position
N.A. Palladium   PDL 22964735 15724329
Eldorado Gold    ELD 15377988 2696120
Lundin Mining     LUN 63833382 2534821
Silver Wheaton   SLW 4060331 2387057
MBAC Fertilizer  MBC 2884345 1166125
Largest decrease in short position
Barrick Gold  ABX 25532506 -6890874
Coalspur Mines  CPT 311700 -1960200
Pilot Gold  PLG 72930 -1835470
Goldcorp  G 4757066 -1645052
Agnico Eagle  AEM 1859678 -1478667
TSX Venture short positions
Short positions outstanding at Apr. 15/14 (with changes from Mar. 31/14).
Largest short positions
Everton Res.  EVR 16954695 10970685
Fission Uranium  FCU 2555042 562450
West Kirkland 

WKM 1922000 1922000
Red Eagle Mining  RD 1428000 1388000
Encanto Potash  EPO 1176000 1176000
Atac Resources  ATC 1012052 227500
Parallel Mining  PAL 922600 922600
Geomega Res. GMA 603700 124000
Red Pine Expl. RPX 506000 506000
Fission 3.0  FUU 459126 -1200
Metanor Res. MTO 406100 397000
Arianne Phosphate. DAN 404000 -3100
Donner Metals  DON 399740 399740
Gold Standard  GSV 251300 1200
Zenyatta Ventures  ZEN 251098 -3100
Largest increase in short position
Everton Res. EVR 16954695 10970685
West Kirkland  WKM 1922000 1922000
Red Eagle Mining RD 1428000 1388000
Encanto Potash  EPO 1176000 1176000
Parallel Mining  PAL 922600 922600
Largest decrease in short position
Nemaska Lithium  NMX 25500 -1064500
Ucore Rare Metals  UCU 30000 -472500
Arena Minerals  AN 0 -210346
NWM Mining  NWM 0 -200000
Goldrock Mines  GRM 900 -195400
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