Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 2, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,597.75	0.5
Silver	$27.96	-0.87
Platinum	$1,592.00	22
Palladium	$774.00	-19
Base Metals	Price (US$/tonne)	Change
Nickel	$16,355.00	-304
Lead	$2,070.25	-41
Copper	$7,452.75	-86.75
Zinc	$1,867.25	-29.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 28, 2013 (change from March 21, 2013 in brackets):
Aluminium Alloy	75800	(-1140)
Aluminium	5237400	(+7575)
Copper	569775	(+12325)
Lead	262725	(-7254)
Nickel	165420	(+3132)
Tin	14025	(-25)
Zinc	1175525	(-20300)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$11,000.00/t
Bismuth: Mid-mkt US$9.50/lb.
Cadmium: Mid-mkt US$0.97/lb.
Coal: CME Group Central Appalachian Coal Futures
May 2013: US$57.05; June 2013: US$58.02
Cobalt: Recent trades US$11.75-12.00/lb.
Copper: Comex Copper Futures May 2013: US$3.365/lb.; Comex June 2013: $3.374/lb.
Germanium: US$1,700/kg.
Indium: NY Dealer Mid-mkt US$590.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,500.00/t.
Molybdenum: Oxide, recent trades US$11.25-11.50/lb.
Rhenium: Mid-mkt US$3,600 per kg
Rhodium: Mid-mkt US$1,225.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$44.00/lb.
Silver: Base: US$27.65; Fabricated: US$33.18; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.25/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, US$5.50
Prices current Apr. 2, 2013

Daily metal prices
Date	1-Apr	29-Mar	28-Mar	27-Mar	26-Mar
BASE METALS	BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	N/A	N/A	1802.50/1810	1799.50/1790	1809.50/1815
Aluminum	N/A	N/A	1881/1910	1867/1900	1890/1927
Copper	N/A	N/A	7582/7613	7569.50/7600	7630/7660.50
Lead	N/A	N/A	2093.50/2114.50	2088.50/2108	2162/2184
Nickel	N/A	N/A	16535/16695	16665/16720	16945/17025
Tin	N/A	N/A	23125/23185	22550/22575	22975/23050
Zinc	N/A	N/A	1870/1898	1853/1885	1912/1940
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	N/A	N/A	1602.5	1591	1597.25
Gold PM	N/A	N/A	1598.25	1603	1598
Silver	N/A	N/A	28.64	28.33	28.83
Platinum	N/A	N/A	1576	1575	1565
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	1-Apr	29-Mar	28-Mar	27-Mar	26-Mar
US$ in C$	1.0167	N/A	1.0156	1.017	1.0166
C$ in US$	0.9836	N/A	0.9846	0.9833	0.9837
EXCHANGE RATES (Bank of Canada, April 1, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0595	1.3071	0.0109	0.08238	0.1107	1.5486
In US$	1.0421	1.2856	0.01072	0.08103	0.1089	1.5232

Canadian gold mutual funds
Fund name	Apr. 1	Mar. 25	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	23.69	24.85	-5.67	-22.8	-20.1	2.56	698.9
Altamira Pr & Str Mtl	11.91	12.5	-5.71	-45.7	-19.14	2.35	83.5
BMO Junior Gold Index ETF	10.32	11.05	-2.78	4.3	-26.82	0.58	108.4
BMO Pr Mtl	17.86	18.6	-2.75	-14.8	-20.54	2.29	133.6
CIBC Pr Mtl	13.27	13.88	-4.62	-33.3	-21.82	2.4	141.8
Dynamic Can Pr Mtl	9.54	9.99	-6.43	-64.4	-25.18	1.65	811.6
London Life Pr Mtl (MX)	26.77	28.16	-8.38	-29.8	-20.98	3.37	259.2
Mackenzie Un Pr Mtl C$	12.77	13.43	-7.63	-56.8	-20.78	2.44	569.9
Middlefield Precious Metals	9.17	9.54	-12.38	-129.8	-22.97	2.48	8.5
Quadrus Mack Un Pr Mtl	14.7	15.46	-7.72	-49.9	-20.81	2.7	66.7
RBC Global Pr Mtl	32.1	33.49	-3.19	-9.5	-19.38	2.04	1380.4
Sentry Pr Mtl Growth	40.4	43.07	2.76	6.4	-24.14	2.75	731.5
Sprott Gold and Pr Minls	37.48	39.71	-11.45	-28.8	-24.09	2.84	854
Sprott Gold and Pr Minls F	39.77	42.14	-10.69	-25.4	-23.87	1.78	n/a
TD Pr Mtl	39.71	41.42	-7.05	-17	-17.61	2.15	313.9
TD Pr Mtl-A	8.38	8.75	-7.18	-82.1	-17.66	2.31	n/a
Featured fund: CIBC Precious Metals top holdings as of 01/31/13 (in weighted order): Silver Wheaton, B2Gold, Agnico-Eagle Mines, Goldcorp, Yamana Gold, Randgold Resources, Alacer Gold. Fund manager: Craig Porter.

North American stock exchange indices
						52-week
Date	1-Apr	29-Mar	28-Mar	27-Mar	26-Mar	High	Low
TSX Composite	12695.14	N/A	12749.9	12699.65	12706.38	12904.71	11209.55
S&P/TSX-Ven Comp	1089.56	N/A	1099	1097.79	1096.03	1573.76	1089.21
S&P TSX 60	728.67	N/A	731.34	728.03	729.85	742.39	637.7
Global Gold	251.98	N/A	254.83	256.03	251.58	355.92	242.95
TSX Metals & Mining	859.83	N/A	874.5	871.03	875.58	1094.57	781.13
Gold & Silver XAU	133.98	N/A	135.76	136.61	134.42	196.71	127.89
Amex Gold Bugs	353.16	N/A	357.11	358.25	352.16	529.8	337.29

TSX short positions
Short positions outstanding at Mar. 31/13 (with changes from Mar. 15/13).
Largest short positions
Lundin Mining	LUN	66067492	-1164798
New Gold	NGD	54574008	-646384
Osisko Mining	OSK	33614808	-54068
Dundee Precious	DPM	24140610	-46806
Barrick Gold	ABX	23429563	277381
Aurico Gold	AUQ	22965414	-1822200
Turquoise Hill	TRQ	20155878	579936
Thompson Creek.	TCM	20118120	490745
Kinross Gold	K	19190141	15844757
Eldorado Gold	ELD	18305149	-3830920
Tahoe Resources	THO	16693953	120447
Argonaut Gold	AR	12838000	-372391
First Quantum	FM	12178111	-4723950
Iamgold	IMG	12158336	-586122
Detour Gold	DGC	10421739	28033
Largest increase in short position
Kinross Gold	K	19190141	15844757
Banro	BAA	6031874	3599541
Uranium One	UUU	5421017	1967432
Goldcorp	G	3706277	1544623
Cline Mining	CMK	1293700	1107400
Largest decrease in short position
B2gold	BTO	7814909	-6153477
First Quantum	FM	12178111	-4723950
Yamana Gold	YRI	1490383	-4339288
Eldorado Gold	ELD	18305149	-3830920
Nevsun Res.	NSU	715553	-3528631
TSX Venture short positions
Short positions outstanding at Mar. 31/13 (with changes from Mar. 15/13).
Largest short positions
Barkerville	BGM	2454215	-122093
Pacific Potash	PP	1258000	1258000
Probe Mines	PRB	700200	-86147
Great Western	GWG	661376	-799779
Zenyatta	ZEN	577082	-334300
Cerro Resources	CJO	500000	195500
Argex Titanium	RGX	415827	1491
Aurcana	AUN	392972	-895570
Challenger Deep	CDE	382222	10600
Avanti Mining	AVT	365000	295000
Alpha Minerals	AMW	334449	-180770
Energold	EGD	321300	-3700
Fission Energy	FIS	308091	-101693
Galantas Gold	GAL	250850	250000
Whitemud Res.	WMK.H	215800	0
Largest increase in short position
Pacific Potash	PP	1258000	1258000
Avanti Mining	AVT	365000	295000
Galantas Gold	GAL	250850	250000
American Creek	AMK	198000	198000
Cerro Resources	CJO	500000	195500
Largest decrease in short position
Panoro Minerals	PML	86500	-5005500
Gowest Gold	GWA	0	-2999842
Aurcana	AUN	392972	-895570
Abcourt Mines	ABI	0	-807000
Great Western	GWG	661376	-799779