Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, February 18 2014
Precious Metals Price (US$/oz.) Change
Gold $1,282.75 29.75
Silver $20.17 0.83
Platinum $1,391.00 10
Palladium $721.00 18
     
Base Metals Price (US$/tonne) Change
Nickel $14,493.00 112
Lead $2,154.75 1.5
Copper $7,182.75 11.75
Zinc $2,070.75 12
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, February 17, 2014 (change from February 10, 2014 in brackets):
Aluminium Alloy 54980 (+180)
Aluminium 5362175 (-14825)
Copper 296025 (-10375)
Lead 203425 (-2500)
Nickel 268800 (+3114)
Tin 8745 (-195)
Zinc 799800 (-23325)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900/t
Bismuth: Mid-mkt US$10.60/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group Central Appalachian Coal Futures
Mar. 2014: US$59.95; Apr. 2014: US$60.25
Cobalt 99.8: US$15.25/lb.
Copper: Comex Copper Futures Mar. 2014: US$3.28/lb.; Comex Apr. 2014: $3.28/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Indium: NY Dealer Mid-mkt US$760.00/kg.
Iridium: Mid-mkt US$442.83/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,350.00/t.
Molybdenum Oxide: US$10.00/lb.
Rhodium: Mid-mkt US$1,054.35/tr. oz.
Ruthenium: Mid-mkt US$61.30/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$21.87; Fabricated: US$26.24; Sterling: US$20.28
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.75/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Feb. 19, 2014

Daily metal prices
Date 17-Feb 14-Feb 13-Feb 12-Feb 11-Feb
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1780/1810 1780/1810 1770/1795 1775/1805 1770/1800
Aluminum 1700/1745 1710/1750 1686.50/1730 1685/1728.50 1670.50/1713.50
Copper 7205/7172 7174.50/7130 7155/7118 7174/7136 7119.50/7097
Lead 2131/2149.50 2122/2135 2104.50/2119 2103/2124.50 2083/2102
Nickel 14335/14390 14225/14260 14230/14275 14265/14345 14115/14160
Tin 23225/23150 22925/22900 22560/22560 22400/22360 22275/22250
Zinc 2062.50/2060 2046/2046 2020.50/2023 2015/2016 2005/2009
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1326 1308.5 1290.25 1286.5 1282.75
Gold PM 1327.5 1320 1296 1289.5 1282
Silver 21.65 21.09 20.27 20.2 20.17
Platinum 1429 1426 1397 1403 1380
Palladium 739 740 725 722 719
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 17-Feb 14-Feb 13-Feb 12-Feb 11-Feb  
US$ in C$ N/A 1.0981 1.098 1.0993 1.1025  
C$ in US$ N/A 0.9107 0.9107 0.9097 0.907  
             
EXCHANGE RATES (Bank of Canada, Feb 14, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9907 1.5032 0.01078 0.08287 0.101 1.8377
In US$ 0.9022 1.3679 0.00982 0.07547 0.09198 1.6735
Canadian gold mutual funds
Fund name  Feb. 18  Feb. 10 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 21.86 20.41 -5.67 -39.4 29.5 2.56 698.9
Altamira Pr & Str Mtl 11.12 10.52 -5.71 -37.7 30.06 2.35 83.5
BMO Junior Gold Index ETF 8.41 7.66 -2.78 -51.5 36.75 0.58 108.4
BMO Pr Mtl 16.61 15.81 -2.75 -39.2 27.83 2.29 133.6
CIBC Pr Mtl 12.25 11.45 -4.62 -41.1 33.52 2.4 141.8
Dynamic Can Pr Mtl 7.43 6.91 -6.43 -52 37.85 1.65 811.6
London Life Precious Mtl 23.72 21.93 -8.38 -44.2 36.62 3.37 259.2
Middlefield Precious Metals 7.86 7.4 -12.38 -46.1 34.82 2.48 8.5
RBC Global Pr Mtl 28.75 26.94 -3.19 -39.9 28.95 2.04 1380.4
Sentry Pr Mtl Growth 36.3 33.34 2.76 -46.8 40.36 2.75 731.5
Sprott Gold and Pr Minls 33.08 30.58 -11.45 -47.8 36.86 2.84 854
Sprott Gold and Pr Minls F 35.39 32.71 -10.69 -47.4 37.05 1.78 n/a
TD Pr Mtl 35.79 33.87 -7.05 -37.3 26.82 2.15 313.9
TD Pr Mtl-A 7.55 7.14 -7.18 -37.4 26.77 2.31 n/a
iShares TSX Global Gold Index 12.56 11.83 -5.17 -42.1 28.73 0.55 802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold Resources, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter.
North American stock exchange indices
            52-week
Date 17-Feb 14-Feb 13-Feb 12-Feb 11-Feb High Low
TSX Composite N/A 14054.76 14001.65 13900.49 13880.99 14109.79 11759.04
S&P/TSX-Ven Comp N/A 996.35 986.45 981.73 980.24 1185.8 859.31
S&P TSX 60 N/A 805.46 802.68 797.47 795.47 809.21 677.55
Global Gold N/A 200.79 196.76 189.3 195.66 266.91 149.29
TSX Metals & Mining N/A 832.15 825.28 843.08 840.18 966.2 662.2
Gold & Silver XAU N/A 101.99 99.57 95.95 98.67 143.59 79.73
Amex Gold Bugs N/A 242.78 236.87 228.35 234.86 377.72 188.39
TSX short positions
Short positions outstanding at Jan. 31/14 (with changes from Jan. 15/14).
Largest short positions
Lundin Mining  LUN 59946846 -701417
Osisko Mining  OSK 43056301 -1721563
Kinross Gold  K 38476484 612262
New Gold. NGD 37313906 -9480914
Detour Gold  DGC 25589330 687040
Yamana Gold  YRI 22633451 4736172
Tahoe Res.  THO 19336074 184062
Potash Corp. POT 18898885 9187886
Thompson Creek  TCM 17119901 111462
B2gold   BTO 15356511 228051
Torex Gold  TXG 12769820 10061287
Dundee Prec.  DPM 12657641 -364404
Argonaut Gold  AR 11504973 416847
Goldcorp  G 10542878 3525070
First Majestic  FR 10457348 -244170
Largest increase in short position
Torex Gold  TXG 12769820 10061287
Potash Corp. POT 18898885 9187886
Asanko Gold  AKG 8833389 5304586
Yamana Gold  YRI 22633451 4736172
Timmins Gold  TMM 4953830 4268047
Largest decrease in short position
New Gold  NGD 37313906 -9480914
Teck Resources  TCK.B 8801817 -4441798
Turquoise Hill  TRQ 3077926 -3848987
Barrick Gold  ABX 8849738 -3770240
Hudbay Min.  HBM 5844975 -2484740
TSX Venture short positions
Short positions outstanding at Jan. 31/14 (with changes from Jan. 15/14).
Largest short positions
Lomiko Metals          LMR 2525500 2513000
True Gold Mining TGM 1462346 1457300
Great Western          GWG 751500 98000
Sirios Resources  SOI 659900 -968000
Fission Uranium  FCU 600500 41836
Fission 3.0          FUU 466100 8000
Arianne Phosphate  DAN 452300 135500
Tomagold           LOT 315000 295000
Sunridge Gold          SGC 314500 89500
Plate Resources  PLR 313500 313500
Galantas Gold         GAL 300114 300000
Robex Resources  RBX 300000 -1039500
Zenyatta Ventures  ZEN 249544 56057
Radisson Mining  RDS 221000 221000
Temex Resources  TME 163600 163600
Largest increase in short position
Lomiko Metals          LMR 2525500 2513000
True Gold Mining  TGM 1462346 1457300
Plate Resources  PLR 313500 313500
Galantas Gold         GAL 300114 300000
Tomagold           LOT 315000 295000
Largest decrease in short position
Graphite One            GPH 100000 -2072000
Robex Resources  RBX 300000 -1039500
Sirios Resources  SOI 659900 -968000
Bellhaven Copper  BHV 0 -353000
Zodiac Exploration  ZEX 0 -274000
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