Metals, mining, stocks and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, September 25, 2012
Precious Metals	Price (US$/oz.)	Change
Gold	$1,766.75	10
Silver	$34.01	-0.05
Platinum	$1,619.00	-38
Palladium	$646.00	-30
Base Metals	Price (US$/tonne)	Change
Nickel	$18,382.00	415
Lead	$2,305.25	38.25
Copper	$8,274.50	91.5
Zinc	$2,134.00	32

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 10, 2012 (change from September 3 in brackets):
Aluminium Alloy	78820	(-2300)
Aluminium	5080950	(+63225)
Copper	219950	(+3250)
Lead	281250	(-9650)
Nickel	122406	(+2256)
Tin	11975	(+20)
Zinc	977475	(+56325)

Producer and dealer prices

Antimony: Mid-mkt US$12,750.00/t
Bismuth: Mid-mkt US$9.38/lb.
Cadmium: Mid-mkt US$0.85/lb.
Coal: CME Group Central Appalachian Coal Futures October 2012: US$52.00; November 2012: US$52.78
Cobalt: Recent trades US$13.70-14.75/lb.
Copper: Comex Copper Futures October 2012: US$3.76/lb.; Comex November 2012: $3.76/lb.
Indium: Mid-mkt US$580.00/kg.
Iridium: Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$3,300.00/t.
Manganese: Mid-mkt US$2,625.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.50-11.80/lb.
Rhodium: Mid-mkt US$1,250.00/tr. oz.
Ruthenium: Mid-mkt US$95.00/tr. oz.
Selenium: Mid-mkt US$41.00/lb.
Silver: Base: US$33.98; Fabricated: US$40.78; Sterling: N.A.
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$20.97/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$390.00 per mtu; APT U.S. mid-mkt: US$407.50 per mtu
Uranium: U3O8, Trade Tech spot price: US$46.50/lb.; Uranium Exchange Co. spot price: N.A..
Ferrovanadium: Free Market V2O5, recent trades US$5.75-6.00/lb.; US Ferrovanadium: US$13.00-13.50
Prices current Sept. 25, 2012

Daily metal prices
Date	Sep-24	Sep-21	Sep-20	Sep-19	Sep-18
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1950/1970	1995/2015	1995/2015	2025/2045	1990/2020
Aluminum	2058/2076.50	2093/2107	2095/2110	2123/2140	2152/2153
Copper	8155/8167.50	8281.50/8280	8200/8215	8322.50/8330	8223/8249
Lead	2241/2250	2276/2284	2227/2236.50	2271/2281	2233/2243
Nickel	17805/17925	18000/18075	17595/17625	17775/17830	17795/17835
Tin	20405/20325	21250/20950	20550/20525	21500/21500	21300/21390
Zinc	2045/2078.50	2096.50/2125.50	2068/2098	2104.50/2134	2049/2082
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1758.5	1773.75	1760	1774.5	1756.75
Gold PM	1762.5	1784.5	1758.5	1766.75	1769.5
Silver	33.73	34.69	34.25	34.65	34.06
Platinum	1608	1642	1620	1633	1669
Palladium	636	672	663	674	681

Exchnage rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	Sep-24	Sep-21	Sep-20	Sep-19	Sep-18
US$ in C$	0.9801	0.9754	0.9774	0.9745	0.9742
C$ in US$	1.0203	1.0252	1.0231	1.0262	1.0265
EXCHANGE RATES (Bank of Canada, September 24, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0209	1.2651	0.01258	0.0759	0.1186	1.5876
In US$	1.0416	1.2908	0.01284	0.07744	0.121	1.6198

Canadian gold mutual funds
Fund name	Sept. 17	Sept. 10	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	33.58	31.48	2.1	6.7	-1.81	2.56	698.9
Altamira Pr & Str Mtl	16.2	14.99	1.21	8.1	-4.65	2.35	83.5
BMO Junior Gold Index ETF	16.58	15.4	0.13	4.3	-2.25	0.58	108.4
BMO Pr Mtl	25.39	23.63	1.76	7.4	-1.12	2.29	133.6
CIBC Pr Mtl	19.8	18.22	1.58	8.7	-3.19	2.4	141.8
Dynamic Can Pr Mtl	15	13.96	1.04	7.4	-3.6	1.65	811.6
London Life Pr Mtl (MX)	3 8.49	35.97	2.52	7	-5.57	3.37	259.2
Mackenzie Un Pr Mtl C$	18.27	17.07	1.2	7	-4.86	2.44	569.9
Middlefield Precious Metals	13.41	12.43	0.98	7.9	-11.19	2.48	8.5
Quadrus Mack Un Pr Mtl	21.05	19.67	1.38	7	-5	2.7	66.7
RBC Global Pr Mtl	44.72	41.8	2.92	7	-1.7	2.04	1380.4
Sentry Pr Mtl Growth	57.83	54.28	3.55	6.5	0	2.75	731.5
Sprott Gold and Pr Minls	56.45	53.24	3.21	6	-8.4	2.84	854
Sprott Gold and Pr Minls F	59.55	56.15	3.4	6.1	-7.7	1.78	n/a
TD Pr Mtl	56.14	52.5	3.64	6.9	-3.9	2.15	313.9
TD Pr Mtl-A	11.87	11.1	0.77	6.9	-4	2.31	n/a
iShares Can Gold Sector Index	21.77	20.11	1.66	8.3	-3.12	0.55	1063.3
Featured Fund: Middlefield Precious Metals as of 06/30/12 (in weighted order): Goldcorp, Premier Gold Mines, Northern Superior Resources, Perseus Mining, Pan American Silver, Eldorado Gold, Semafo, Rio Alto Mining, Queenston Mining. Fund Manager: Dennis Da Silva.

North American stock exchange indices
						52-week
Date	Sep-17	Sep-14	Sep-13	Sep-12	Sep-11	High	Low
TSX Composite	12446.86	12499.47	12360.16	12232.62	12220.45	12788.63	10848.19
S&P/TSX-Ven Comp	1317.16	1318.11	1302.89	1282.65	1274.6	1771.55	1153.9
S&P TSX 60	713.07	716.07	708.38	700.39	699.8	728.03	622.16
Global Gold	346.88	346.28	337.42	334.18	322.24	453.09	265.99
TSX Metals & Mining	959.48	997.2	959.23	935.62	928.79	1258.22	751.86
Gold & Silver XAU	191.64	191.97	186.63	177.78	177.14	223.55	140.94
Amex Gold Bugs	518.16	517.46	503.21	479.78	477.68	635.57	372.74

TSX short positions
Short positions outstanding at Sept. 15/12 (with changes from Aug 31/12).
Largest short positions
Lundin Mining	LUN	45440502	793796
New Gold	NGD	43120245	117203
Eldorado Gold	ELD	28131091	2712546
Osisko Mining	OSK	26056189	212105
Thompson Creek	TCM	21000400	642753
Yamana Gold	YRI	17587248	-4498420
Great Basin Gold	GBG	17474344	11994843
Uranium One	UUU	16920186	7557310
Argonaut Gold	AR	16049738	-270157
Dundee Precious	DPM	15425055	18380
Aurico Gold	AUQ	14988080	97225
Tahoe Resources	THO	13324276	27605
Cameco	CCO	11073087	-3867587
Detour Gold	DGC	10654196	240687
First Quantum	FM	9656706	4207964
Largest increase in short position
Great Basin Gold	GBG	17474344	11994843
Uranium One	UUU	16920186	7557310
First Quantum	FM	9656706	4207964
Lake Shore Gold	LSG	4408718	3003305
Turquoise Hill	TRQ	4203927	2976709
Largest decrease in short position
Kinross Gold	K	6432108	-7330751
Yamana Gold	YRI	17587248	-4498420
Cameco	CCO	11073087	-3867587
Hudbay Minerals	HBM	1311135	-3389489
Torex Gold	TXG	1020102	-2021941

TSX Venture short positions
Short positions outstanding at Sept. 15/12 (with changes from Aug. 31/12).
Largest short positions
Sandstorm Gold	SSL	2443221	-2452643
Barkerville Gold	BGM	2142618	-270300
Diamonds North	DDN	1985271	1985271
Sunridge Gold	SGC	1829874	1813215
Goldquest Mining	GQC	1536000	-288900
Great Western	GWG	1251296	-37355
Aurcana	AUN	1250311	513221
Atac Resources	ATC	904533	-2982
Focus Graphite	FMS	831421	291915
Kaminak Gold	KAM	813765	7765
Zone Resources	ZNR	715000	715000
Unigold	UGD	584500	30194
Galantas Gold	GAL	500000	500000
Bear Creek Mining	BCM	404420	-5427
Argex Titanium	RGX	372131	17208
Largest increase in short position
Diamonds North	DDN	1985271	1985271
Sunridge Gold	SGC	1829874	1813215
Zone Resources	ZNR	715000	715000
Aurcana	AUN	1250311	513221
Galantas Gold	GAL	500000	500000
Largest decrease in short position
Sandstorm Gold	SSL	2443221	-2452643
Canaco Resources	CAN	100	-430758
Goldquest Mining	GQC	1536000	-288900
Barkerville Gold	BGM	2142618	-270300
Majestic Gold	MJS	9000	-221000