Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, January 8, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,653.75 -10.25
Silver $30.39 0.44
Platinum $1,564.00 41
Palladium $672.00 -27
     
Base Metals Price (US$/tonne) Change
Nickel $17,737.00 195
Lead $2,313.25 20
Copper $8,010.25 -39
Zinc $2,086.00 -1
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 7, 2013 (change from December 31, 2012 in brackets):
Aluminium Alloy 87740 0
Aluminium 5213525 (+3475)
Copper 319400 (-650)
Lead 309675 (-10650)
Nickel 142248 (+2340)
Tin 12655 (-170)
Zinc 1212575 (-8175)

Producer and dealer prices

Antimony: Mid-mkt US$12,100.00/t
Bismuth: Mid-mkt US$8.45/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
February 2013: US$58.58; March 2013: US$58.90
Cobalt: Recent trades US$10.80-11.80/lb.
Copper: Comex Copper Futures February 2013: US$3.670/lb.; Comex March 2013: $3.679/lb.
Indium: NY Dealer Mid-mkt US$520.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$3,187.50/t.
Manganese: Mid-mkt US$2,665.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.70-11.88/lb.
Rhodium: Mid-mkt US$1,080.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$30.27; Fabricated: US$36.32.; Sterling: US$28.07
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$24.03/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$43.25/lb.; Uranium Exchange Co. spot price: US$42.75/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.25-14.75
Prices current Jan. 8, 2013

Daily metal prices
Date 7-Jan 4-Jan 3-Jan 2-Jan 1-Jan
BASE METALS BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1865/1895 1895/1925 1910/1940 1920/1950 N/A
Aluminum 2004.50/2040 2055/2088 2108/2145 2093/2127 N/A
Copper 7995/8032 8025/8059 8140/8165.50 8084.50/8111.50 N/A
Lead 2288.50/2295 2342/2354 2412/2418 2384/2390 N/A
Nickel 17210/17285 17300/17400 17535/17590 17420/17450 N/A
Tin 23740/23770 23975/23925 24100/24100 24345/24340 N/A
Zinc 1984.50/2017.50 2023/2053.50 2091/2126 2086.50/2117 N/A
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1653.75 1632.25 1684.5 1681.5 N/A
Gold PM 1645.25 1648 1679.5 1693.75 N/A
Silver 30.14 29.32 30.91 30.87 N/A
Platinum 1551 1557 1572 1566 N/A
Palladium 675.5 689 697 711 N/A
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 7-Jan 4-Jan 3-Jan 2-Jan 1-Jan  
US$ in C$ 0.986 0.9856 0.9853 0.9859 N/A  
C$ in US$ 1.0142 1.0146 1.0149 1.0143 N/A  
             
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0331 1.2916 0.01124 0.0772 0.115 1.5854
In US$ 1.0478 1.3099 0.0114 0.0783 0.1166 1.6079
Canadian gold mutual funds
Fund name  Jan. 7  Jan. 2 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 29.53 29.72 -5.67 -19.1 -0.51 2.56 698.9
Altamira Pr & Str Mtl 14.47 22.4 -5.71 -25.5 -1.77 2.35 83.5
BMO Junior Gold Index ETF 13.81 14.47 -2.78 4.3 -2.16 0.58 108.4
BMO Pr Mtl 22.3 16.92 -2.75 -16.3 -0.78 2.29 133.6
CIBC Pr Mtl 16.75 12.75 -4.62 -36.2 -1.31 2.4 141.8
Dynamic Can Pr Mtl 12.59 18.6 -6.43 -34.6 -1.25 1.65 811.6
London Life Pr Mtl (MX) 33.48 33.49 -8.38 -25 -1.17 3.37 259.2
Mackenzie Un Pr Mtl C$ 15.93 18.35 -7.63 -41.6 -1.15 2.44 569.9
Middlefield Precious Metals 11.77 15.93 -12.38 -77.7 -1.15 2.48 8.5
Quadrus Mack Un Pr Mtl 18.36 12.06 -7.72 -64 -1.15 2.7 66.7
RBC Global Pr Mtl 39.36 14.8 -3.19 -21.6 -1.15 2.04 1380.4
Sentry Pr Mtl Growth 52.31 53.46 2.76 5.2 -1.78 2.75 731.5
Sprott Gold and Pr Minls 49.43 39.69 -11.45 -28.8 0.12 2.84 854
Sprott Gold and Pr Minls F 52.31 49.19 -10.69 -21.7 0.13 1.78 n/a
TD Pr Mtl 47.97 52.03 -7.05 -13.5 -0.48 2.15 313.9
TD Pr Mtl-A 10.13 10.14 -7.18 -70.8 -0.48 2.31 n/a
Featured fund: AGF Precious Minerals as of 10/30/12 (in weighted order): Central Fund of Canada, Goldcorp, Royal Canadian Mint, Tahoe Resources, Eldorado Gold, B2Gold, Agnico-Eagle Mines, Franco-Nevada, Silver Wheaton. Fund manager: Bob Lyon.
North American stock exchange indices
            52-week
Date 7-Jan 4-Jan 3-Jan 2-Jan 1-Jan High Low
TSX Composite 12499.55 12540.81 12470.44 12540.77 N/A 12788.63 11209.55
S&P/TSX-Ven Comp 1223.89 1228.22 1226.17 1239.84 N/A 1696.14 1153.9
S&P TSX 60 715.73 719.27 715.37 718.62 N/A 728.03 637.7
Global Gold 289.91 294.55 293.97 305.28 N/A 395.64 265.99
TSX Metals & Mining 1046.81 1045.36 1037.72 1049.08 N/A 1258.22 781.13
Gold & Silver XAU 160.2 162.53 162.16 168.47 N/A 204.97 140.94
Amex Gold Bugs 425.07 432.65 432.03 450.51 N/A 554.92 372.74
TSX short positions
Short positions outstanding at Dec. 31/12 (with changes from Dec. 15/12).
       
Largest short positions
Lundin Mining  LUN 60074299 2462993
New Gold  NGD 54090052 1026345
Aurico Gold  AUQ 27623241 1038170
Osisko Mining  OSK 27043895 -321990
Dundee Prec.  DPM 23737816 -253958
Turquoise Hill  TRQ 19771269 2390159
Thompson Creek  TCM 18590324 -2483707
B2gold   BTO 17951045 -244651
Barrick Gold  ABX 16701492 13097721
Tahoe Res.  THO 16682634 305944
Iamgold  IMG 13277174 9109821
Eldorado Gold ELD 12903710 -1.2E+07
Uranium One  UUU 11509814 -1.2E+07
Argonaut Gold  AR 11321062 -9818299
First Quantum  FM 11134381 -4332158
Largest increase in short position
Barrick Gold  ABX 16701492 13097721
Iamgold  IMG 13277174 9109821
Teck Resources  TCK.B 9249516 7180816
Yamana Gold  YRI 10194388 4649164
Lundin Mining  LUN 60074299 2462993
Largest decrease in short position
Uranium One  UUU 11509814 -1.2E+07
Eldorado Gold ELD 12903710 -1.2E+07
Argonaut Gold  AR 11321062 -9818299
Cameco       CCO 5829101 -6189894
First Quantum  FM 11134381 -4332158
TSX Venture short positions
Short positions outstanding at Dec.
31/12 (with changes from Dec. 15/12).
       
Largest short positions
Cerro Resources  CJO 2740187 2738387
Barkerville Gold  BGM 2662417 0
Great Western    GWG 1894830 828047
Abzu Gold        ABS 1153846 1138846
Kaminak Gold     KAM 1073971 240200
Comstock Metals  CSL 1030075 -80100
Probe Mines      PRB 952447 -524900
Orko Silver        OK 933968 669800
Colt Resources   GTP 648000 385000
Mart Resources   MMT 571630 -85538
Aurcana           AUN 558505 -57975
Bear Creek Mining  BCM 480954 -13675
Northern Graphite  NGC 433286 310830
Argex Titanium   RGX 412782 -9100
Unigold          UGD 305743 43000
Largest increase in short position
Cerro Resources  CJO 2740187 2738387
Abzu Gold        ABS 1153846 1138846
Great Western    GWG 1894830 828047
Orko Silver           OK 933968 669800
Northern Graphite  NGC 433286 310830
Largest decrease in short position
Zenyatta Ventures  ZEN 5500 -821673
Robex Resources  RBX 4382 -635519
Probe Mines       PRB 952447 -524900
Goldquest Mining  GQC 99517 -481555
Kiska Metals        KSK 11000 -304300
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