Metals, mining and money markets

Spot prices courtesy of Scotiabank

Tuesday, February 12, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,641.75	-36.25
Silver	$30.84	-1.17
Platinum	$1,692.00	-6
Palladium	$755.00	1
Base Metals	Price (US$/tonne)	Change
Nickel	$18,267.00	114
Lead	$2,396.00	7.5
Copper	$8,228.75	29.75
Zinc	$2,200.75	10

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, February 11, 2013 (change from February 4, 2013 in brackets):
Aluminium Alloy	85940	(-860)
Aluminium	5150150	(-3200)
Copper	399775	(+25575)
Lead	288000	(-2075)
Nickel	153696	(+2790)
Tin	13365	(-260)
Zinc	1190600	(-11450)

Producer and dealer prices

Antimony: Mid-mkt US$11,800.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
March 2013: US$58.53; April 2013: US$59.15
Cobalt: Recent trades US$11.50-13.00/lb.
Copper: Comex Copper Futures March 2013: US$3.74/lb.; Comex April 2013: $3.75/lb.
Indium: NY Dealer Mid-mkt US$495.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$2,950.00/t.
Manganese: Mid-mkt US$2,375.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.28-11.45/lb.
Rhodium: Mid-mkt US$1,200.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$30.92; Fabricated: US$37.10.; Sterling: US$28.67
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$25.06/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$43.50/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.75-15.00
Prices current Feb. 13, 2013

Daily metal prices
Date	11-Feb	8-Feb	7-Feb	6-Feb	5-Feb
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1820/1850	1840/1870	1829.50/1860	1810/1840	1860/1885
Aluminum	2075.50/2117	2066/2105	2065.50/2105	2059/2095	2074.50/2116
Copper	8215.50/8257	8214.50/8240	8211.50/8252	8199/8230	8242/8285
Lead	2408.50/2416	2408/2419	2406/2417	2424/2435	2447/2454
Nickel	18225/18315	18215/18290	18215/18295	18480/48505	18560/18625
Tin	24995/24900	24870/24855	24950/24950	24845/24890	24940/24940
Zinc	2185.50/2210.50	2157/2184	2136.50/2160	2136/2161	2144.50/2170
		&nb sp;
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1663.5	1669.75	1675.75	1670	1678
Gold PM	1652	1668.25	1668	1674.25	1673.5
Silver	31.16	31.52	31.75	31.7	32.01
Platinum	1708	1714	1736	1724	1702
Palladium	749	746	764.5	764	756

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	11-Feb	8-Feb	7-Feb	6-Feb	5-Feb
US$ in C$	1.0065	1.002	0.9993	0.996	0.9972
C$ in US$	0.9935	0.998	1.0007	1.004	1.0028
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0352	1.35	0.01077	0.0789	0.113	1.5769
In US$	1.0285	1.3413	0.0107	0.07839	0.1123	1.5667

Canadian gold mutual funds
Fund name	Feb. 11	Feb. 4	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	28.11	28.42	-5.67	-20	-5.29	2.56	698.9
Altamira Pr & Str Mtl	13.88	13.63	-5.71	-41.9	-5.77	2.35	83.5
BMO Junior Gold Index ETF	12.85	12.66	-2.78	4.3	-8.92	0.58	108.4
BMO Pr Mtl	21.03	21.01	-2.75	-13.1	-6.42	2.29	133.6
CIBC Pr Mtl	15.8	15.93	-4.62	-29	-6.93	2.4	141.8
Dynamic Can Pr Mtl	11.31	11.44	-6.43	-56.2	-11.29	1.65	811.6
London Life Pr Mtl (MX)	31.62	31.85	-8.38	-26.3	-6.66	3.37	259.2
Mackenzie Un Pr Mtl C$	15.06	15.17	-7.63	-50.3	-6.57	2.44	569.9
Middlefield Precious Metals	10.88	10.87	-12.38	-113.9	-8.62	2.48	8.5
Quadrus Mack Un Pr Mtl	17.35	17.47	-7.72	-44.2	-6.59	2.7	66.7
RBC Global Pr Mtl	37.62	37.47	-3.19	-8.5	-5.53	2.04	1380.4
Sentry Pr Mtl Growth	49.52	49.4	2.76	5.6	-7.01	2.75	731.5
Sprott Gold and Pr Minls	46.34	46.02	-11.45	-24.9	-6.13	2.84	854
Sprott Gold and Pr Minls F	49.1	48.74	-10.69	-21.9	-6.02	1.78	n/a
TD Pr Mtl	46.3	46.02	-7.05	-15.3	-3.94	2.15	313.9
TD Pr Mtl-A	9.78	9.76	-7.18	-73.6	-3.9	2.31	n/a
iShares Can Gold Sector Index	17.53	17.36	-5.17	-29.8	-3.84	0.55	1063.3
Featured fund: BMO Precious Metals as of 01/31/13 (in weighted order): Barrick Gold, Perseus Mining, Silver Wheaton, Goldcorp, Franco-Nevada, Kinross Gold, Osisko Mining, Sandstorm Gold, Virginia Mines, Centerra Gold, Continental Gold, PMI Gold. Fund manager: Mark Serdan.B2Gold, Agnico-Eagle Mines, Franco-Nevada, Silver Wheaton. Fund Manager: Bob Lyon.

North American stock exchange indices
						52-week
Date	11-Feb	8-Feb	7-Feb	6-Feb	5-Feb	High	Low
TSX Composite	12748.15	12801.23	12755.92	12761.59	12745.65	12895.28	11209.55
S&P/TSX-Ven Comp	1196.2	1205.81	1206.11	1211.72	1215.27	1696.14	1153.9
S&P TSX 60	731.79	734.5	731.32	732.07	731.3	742.39	637.7
Global Gold	274.96	280.96	281.04	279.93	279.42	393.13	265.99
TSX Metals & Mining	970.16	977.66	987.2	1006.85	1005.33	1214.45	781.13
Gold & Silver XAU	149.32	152.43	153.23	152.97	152.01	204.12	140.94
Amex Gold Bugs	395.56	403.2	405.21	404.35	401.91	554.01	372.74

TSX short positions
Short positions outstanding at Jan. 31/12 (with changes from Jan. 15/13).
Largest short positions
Lundin Mining	LUN	63788662	2942485
New Gold	NGD	56147782	1186272
Kinross Gold	K	38283762	29610034
Osisko Mining	OSK	28489363	367716
Aurico Gold	AUQ	25244111	-2383114
Yamana Gold	YRI	24314792	12295359
Dundee Prec.	DPM	23293835	-391083
B2gold	BTO	22139573	2782674
Thompson Creek	TCM	18200933	210349
Cameco	CCO	18011503	11034137
Turquoise Hill	TRQ	17579212	-17603
Tahoe Res.	THO	16869594	88200
Iamgold	IMG	16098845	2132195
Teck Resources	TCK.B	12291621	1333947
Potash Corp	POT	12014634	9865014
Largest increase in short position
Kinross Gold	K	38283762	29610034
Yamana Gold	YRI	24314792	12295359
Cameco	CCO	18011503	11034137
Potash Corp	POT	12014634	9865014
Silver Wheaton	SLW	10537018	6921072
Largest decrease in short position
Uranium One	UUU	6447692	-2.1E+07
Barrick Gold	ABX	3742807	-1.1E+07
Aurizon Mines	ARZ	4374702	-2788300
Agnico-Eagle	AEM	3333727	-2452249
Aurico Gold	AUQ	25244111	-2383114

TSX Venture short positions
Short positions outstanding at Jan. 31/13 (with changes from Jan. 15/13).
Largest short positions
Barkerville Gold	BGM	2702117	39700
Probe Mines	PRB	1166785	-170462
Great Western Min	GWG	1089955	126800
Kaminak Gold	KAM	1080535	82864
Aurcana	AUN	1011531	204526
Fancamp Expl.	FNC	924000	813000
Malbex Resources	MBG	850000	720000
Calibre Mining	CXB	805190	801190
Raging River	RRX	782836	615299
Majestic Gold	MJS	761903	741044
Cerro Resources	CJO	500000	500000
Bear Creek Mining	BCM	464533	-2373
Mart Resources	MMT	405327	21725
Argex Titanium	RGX	391584	-19898
Oremex Silver	OAG	361680	177680
Largest increase in short position
Fancamp Exploration	FNC	924000	813000
Calibre Mining	CXB	805190	801190
Majestic Gold	MJS	761903	741044
Malbex Resources	MBG	850000	720000
Raging River	RRX	782836	615299
Largest decrease in short position
Orko Silver	OK	63214	-868654
Galway Metals	GWM	0	-836400
Rockridge Capital	RRC	1900	-832900
Brixton Metals	BBB	7166	-822834
Encanto Potash	EPO	142212	-663810