Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, May 7, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,463.00 -9.75
Silver $23.75 -0.67
Platinum $1,490.00 -23
Palladium $691.00 -8
     
Base Metals Price (US$/tonne) Change
Nickel $15,060.00 -165
Lead $2,026.25 -11
Copper $7,258.50 -8.75
Zinc $1,869.00 -16
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 3, 2013 (change from April 26, 2013 in brackets):
Aluminium Alloy 69540 (-2180)
Aluminium 5167775 (+9150)
Copper 608700 (-10900)
Lead 252200 (-5575)
Nickel 178338 (+2772)
Tin 13830 (-255)
Zinc 1056400 (-24075)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,450.00/t
Bismuth: Mid-mkt US$9.35/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
June 2013: US$59.33; July 2013: US$60.57
Cobalt: US$12.34/lb.
Copper: Comex Copper Futures June 2013: US$3.079/lb.; Comex July 2013: $3.082/lb.
Germanium:US$1,650/kg.
Indium: NY Dealer Mid-mkt US$550.00/kg.
Iridium: Mid-mkt US$1,000.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum: Oxide, recent trades US$11.00-11.50/lb.
Rhenium:Mid-mkt N.A.
Rhodium: Mid-mkt US$1,160.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$39.50/lb.
Silver: Base: US$23.27; Fabricated: US$27.92; Sterling: US$21.58
Tin: US$9.43/lb.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00
per mtu
Uranium: U3O8, Trade Tech spot price: US$40.50/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, US$5.25
Prices current May 1, 2013

Daily metal prices
Date 6-May 3-May 2-May 1-May 30-Apr
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy N/A 1730/1750 1720/1740 1760/1780 1780/1800
Aluminum N/A 1827/1861 1802/1836.50 1788/1828 1846/1886
Copper N/A 7121/7150 6870/6899 6870/6906 7073/7105
Lead N/A 1968/1980 1978/1995 1969/1989 2018.50/2037.50
Nickel N/A 14905/14965 14765/14845 14970/15050 15195/15250
Tin N/A 19950/19950 19945/19950 19770/19770 20750/20820
Zinc N/A 1821/1855 1823.50/1854.50 1803/1837 1853.50/1887
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1416 1548 1555.75 1581.5 1572.5
Gold PM 1395 1535.5 1565 1575 1577.25
Silver 23.54 27.4 27.57 27.74 27.25
Platinum 1448 1514 1531.5 1533 1542
Palladium 676 715.5 723 713 732
Exchange rates    
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)    
Date 6-May 3-May 2-May 1-May 30-Apr    
US$ in C$ 1.0075 1.0079 1.0083 1.0084 1.0072    
C$ in US$ 0.9926 0.9918 0.9917 0.9929 0.9864    
               
EXCHANGE RATES (Bank of Canada, May 6, 2013)  
Currency Aus $ Euro Japan Mex P SA Rand UK £  
In C$ 1.0324 1.3164 0.01014 0.08321 0.112 1.5654  
In US$ 1.0247 1.3066 0.01006 0.08259 0.1112 1.5537  
               
Canadian gold mutual funds
Fund name  May. 6  Apr. 29 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 20.15 20.66 -5.67 -27.4 -32.04 2.56 698.9
Altamira Pr & Str Mtl 10.07 10.31 -5.71 -55.4 -31.64 2.35 83.5
BMO Junior Gold Index ETF 8.17 8.56 -2.78 4.3 -42.1 0.58 108.4
BMO Pr Mtl 15.16 15.54 -2.75 -17.7 -32.56 2.29 133.6
CIBC Pr Mtl 11.13 11.43 -4.62 -40.4 -34.44 2.4 141.8
Dynamic Can Pr Mtl 7.61 7.86 -6.43 -81.8 -40.31 1.65 811.6
London Life Pr Mtl (MX) 22.03 22.7 -8.38 -36.9 -34.96 3.37 259.2
Mackenzie Un Pr Mtl C$ 10.52 10.84 -7.63 -70.4 -34.73 2.44 569.9
Middlefield Precious Metals 7.69 7.86 -12.38 -157.5 -35.38 2.48 8.5
Quadrus Mack Un Pr Mtl 12.11 12.48 -7.72 -61.9 -34.77 2.7 66.7
RBC Global Pr Mtl 27.31 28.18 -3.19 -11.3 -31.42 2.04 1380.4
Sentry Pr Mtl Growth 33.42 33.92 2.76 8.1 -37.25 2.75 731.5
Sprott Gold and Pr Minls 31.03 31.71 -11.45 -36.1 -37.15 2.84 854
Sprott Gold and Pr Minls F 32.96 33.68 -10.69 -31.7 -36.91 1.78 n/a
TD Pr Mtl 32.96 33.77 -7.05 -20.9 -31.62 2.15 313.9
TD Pr Mtl-A 6.96 7.13 -7.18 -100.7 -31.67 2.31 n/a
iShares Can Gold Sector Index 12.32 12.56 -5.17 -41.2 -34.57 0.55 1063.3
Eldorado Gold, Barrick Gold. Fund manager: Fred Sturm. Featured fund: Middlefield Precious Metals top holdings as of 01/31/13 (in weighted order): Premier Gold Mines, Franco-Nevada, Yamana Gold, Goldcorp, Pan American Silver, Rio Alto Mining, Continental Gold, Trevali Mining. Fund manager: Dennis Da Silva.
North American stock exchange indices
            52-week
Date 6-May 3-May 2-May 1-May 29-Apr High Low
TSX Composite 12453.92 12438.03 12379.64 12321.29 12456.5 12904.71 11209.55
S&P/TSX-Ven Comp 967.38 964.68 962.81 961.94 965.83 1428.13 917.83
S&P TSX 60 711.74 710.31 706.78 702.83 710.71 742.39 637.7
Global Gold 197.49 197.58 196.9 196.59 201.32 355.92 182.95
TSX Metals & Mining 824.64 821.64 802.27 795.44 807.03 1050.76 719.37
Gold & Silver XAU 107.72 107.67 107.15 107.26 109.36 196.71 98.42
Amex Gold Bugs 278.4 277.15 277.06 277.73 283.78 529.8 256.2
TSX short positions
Short positions outstanding at Apr. 30/13 (with changes from Apr. 15/13).
       
Largest short positions
Lundin Mining           LUN 67804573 -3648476
New Gold           NGD 50193963 -4453025
Osisko Mining          OSK 43921248 -6383946
Kinross Gold           K 29216285 -1.3E+07
Turquoise Hill   TRQ 26165876 5331316
Dundee Precious  DPM 23961206 50956
Yamana Gold             YRI 21903696 712851
Thompson Creek   TCM 21449524 264574
Tahoe Resources  THO 19282243 1541022
Argonaut Gold           AR 11881259 -1044371
First Quantum          FM 11154563 3694670
First Majestic Silver  FR 10612987 2698618
Detour Gold           DGC 9522349 -1051100
Eldorado Gold        ELD 9306818 565160
Kirkland Lake Gold  KGI 9155429 702884
Largest increase in short position
Turquoise Hill   TRQ 26165876 5331316
Potash Corporation  POT 8282842 4039116
First Quantum          FM 11154563 3694670
First Majestic Silver  FR 10612987 2698618
Cameco                 CCO 7743898 2671332
Largest decrease in short position
Kinross Gold  K 29216285 -1.3E+07
Osisko Mining  OSK 43921248 -6383946
Alacer Gold  ASR 590525 -584
8215
New Gold  NGD 50193963 -4453025
Banro           BAA 6262581 -3684436
TSX Venture short positions
Short positions outstanding at Apr. 30/13 (with changes from Apr. 15/13).
       
Largest short positions
Barkerville Gold  BGM 2390215 -66200
Ucore Rare Metals. UCU 1799500 1696500
Great Western Min.  GWG 1251100 182165
Alpha Minerals   AMW 1240697 329060
Red Tiger Mining  RMN 792346 791974
Majestic Gold    MJS 611800 611800
Amseco Exploration. AEL 595147 595000
Zenyatta Ventures  ZEN 552600 -8899
Pacific Potash   PP 500000 375000
Argex Titanium   RGX 401100 -82493
Robex Resources  RBX 384000 182500
Oceanic Iron Ore  FEO 383272 381000
Unigold            UGD 267623 -15153
Probe Mines           PRB 250500 -328900
Focus Graphite   FMS 250260 36761
Largest increase in short position
Ucore Rare Metals  UCU 1799500 1696500
Red Tiger Mining  RMN 792346 791974
Majestic Gold           MJS 611800 611800
Amseco Exploration  AEL 595147 595000
Oceanic Iron Ore  FEO 383272 381000
Largest decrease in short position
New Guinea Gold  NGG 0 -1350000
Challenger Deep  CDE 83079 -749454
Big North Graphite  NRT 0 -452000
Probe Mines           PRB 250500 -328900
Urastar Gold            URS 0 -240000
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