Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, November 6, 2012
Precious Metals Price (US$/oz.) Change
Gold $1,706.75 -40.5
Silver $33.30 -0.75
Platinum $1,594.00 -25
Palladium $682.00 23
     
Base Metals Price (US$/tonne) Change
Nickel $17,439.00 5
Lead $2,230.25 -24.5
Copper $8,025.00 27
Zinc $2,023.75 -19
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 3, 2012 (change from November 26 in brackets):xchange warehouses at opening, November 5, 2012 (change from October 29 in brackets):
Aluminium Alloy 87740 (+120)
Aluminium 5199525 (+22425)
Copper 251050 (+1225)
Lead 362275 (+800)
Nickel 136170 (+1524)
Tin 12215 (+475)
Zinc 1233575 (+345)

Producer and Dealer Prices

Antimony: Mid-mkt US$12,350.00/t
Bismuth: Mid-mkt US$9.25/lb.
Cadmium: Mid-mkt US$0.875/lb.
Coal: CME Group Central Appalachian Coal Futures
January 2013: US$61.77; February 2013: US$62.20
Cobalt: Recent trades US$11.50-12.25/lb.
Copper: Comex Copper Futures December 2012: US$3.649/lb.; Comex January 2013: $3.664/lb.
Indium: NY Dealer Mid-mkt US$500.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$3,325.00/t.
Manganese: Mid-mkt US$2,665.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.00-11.30/lb.
Rhodium: Mid-mkt US$1,612.50/tr. oz.
Ruthenium: Mid-mkt US$80.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$33.72; Fabricated: US$40.46.; Sterling: N.A.
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$21.75/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$335.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.50/lb.; Uranium Exchange Co. spot price: US$42.50/lb.
Ferrovanadium: Free Market V2O5, recent trades US$5.00-5.25/lb.; US Ferrovanadium: US$11.50-11.75
Prices current Dec. 5, 2012

Daily metal prices

Date 3-Dec 30-Nov 29-Nov 28-Nov 27-Nov
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1960/1985 2015/2040 1939/1955 1895/1920 1900/1920
Aluminum 2096/2103 2078/2079 2045/2049.50 1992/1997.50 2002.50/2015.50
Copper 7975/8010 7948.50/7954 7849.50/7865 7719/7743.50 7795.50/7805
Lead 2242/2240 2254/2253 2235.50/2237 2187/2185 2198/2201
Nickel 17590/17655 17075/17225 17200/17340 16875/16950 16665/16725
Tin 21855/21800 21795/21700 21605/21795 21240/21150 21130/21125
Zinc 2024/2044 2027.50/2044 2005.50/2023 1956/1979

1971/1993
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1718 1728.25 1724.5 1741 1747.25
Gold PM 1720 1726 1725 1708 1746.25
Silver 33.42 34.28 33.76 33.85 34.05
Platinum 1599 1612 1620 1589 1619
Palladium 682 685 682 651 670

Exchange rates

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 3-Dec 30-Nov 29-Nov 28-Nov 27-Nov  
US$ in C$ 0.9928 0.9932 0.993 0.9929 0.9936  
C$ in US$ 1.0073 1.0068 1.007 1.0072 1.0064  
             
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0357 1.2972 0.01207 0.07681 0.1122 1.5987
In US$ 1.0432 1.3066 0.01216 0.07737 0.113 1.6103

Canadian gold mutual funds

Fund name  Dec. 3 Nov. 26 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 29.7 30.33 -5.67 -18.7 -13.16 2.56 698.9
Altamira Pr & Str Mtl 22.45 23.1 -5.71 -24.7 -12.6 2.35 83.5
BMO Junior Gold Index ETF 14.32 14.63 -2.78 4.3 -15.56 0.58 108.4
BMO Pr Mtl 17.03 17.56 -2.75 -15.7 -16.73 2.29 133.6
CIBC Pr Mtl 12.85 13.33 -4.62 -34.7 -17.42 2.4 141.8
Dynamic Can Pr Mtl 18.87 19.37 -6.43 -33.2 -16.02 1.65 811.6
London Life Pr Mtl (MX) 33.57 34.82 -8.38 -24.1 -17.64 3.37 259.2
Mackenzie Un Pr Mtl C$ 18.39 19.08 -7.63 -40 -16.96 2.44 569.9
Middlefield Precious Metals 15.97 16.56 -12.38 -74.8 -16.86 2.48 8.5
Quadrus Mack Un Pr Mtl 21.07 12.36 -7.72 -62.5 -20 2.7 66.7
RBC Global Pr Mtl 14.65 15.07 -3.19 -21.2 -13.8 2.04 1380.4
Sentry Pr Mtl Growth 53.25 54.74 2.76 5 -7.9 2.75 731.5
Sprott Gold and Pr Minls 39.81 41.08 -11.45 -27.9 -12.5 2.84 854
Sprott Gold and Pr Minls F 49.42 50.74 -10.69 -21.1 -19.7 1.78 n/a
TD Pr Mtl 52.33 53.64 -7.05 -13.1 -18.9 2.15 313.9
TD Pr Mtl-A 10.28 10.56 -7.18 -68 -16.8 2.31 n/a
iShares Can Gold Sector Index 48.66 49.98 -5.17 -10.3 -16.69 0.55 1063.3
 Featured Fund: TD Precious Minerals as of 10/30/12 (in weighted order): Goldcorp, Franco-Nevada, Barrick Gold, Silver Wheaton, Freeport McMoran, Iamgold, Agnico-Eagle Mines, Kinross Gold, Osisko Mining, Yamana Gold, Perseus Mining, Newcrest Mining, B2 Gold. Fund Manager: Diana Racanelli.

North American stock exchange indices

Date 3-Dec 30-Nov 29-Nov 28-Nov 27-Nov High Low
TSX Composite 12169.74 12239.36 12202.85 12140.33 12111.63 12788.63 112
09.55
S&P/TSX-Ven Comp 1208 1220.9 1218.38 1205.37 1206.17 1696.14 1153.9
S&P TSX 60 698.14 702.59 701.05 697.03 694.91 728.03 637.7
Global Gold 302.29 309.93 312.23 312.35 310.76 413.79 265.99
TSX Metals & Mining 939.96 944.82 937.49 927.86 911.07 1258.22 781.13
Gold & Silver XAU 166.85 170.2 171.85 171.39 170.2 206.99 140.94
Amex Gold Bugs 439.84 450.32 454.6 453.7 449.86 576.97 372.74

TSX short positions

Short positions outstanding at Nov. 30/12 (with changes from Nov. 15/12).
       
Largest short positions
New Gold  NGD 55687690 -5233653
Lundin Mining LUN 55296555 8211215
Osisko Mining  OSK 28775884 -1280408
Kinross Gold  K 27122901 687092
Eldorado Gold ELD 26462200 7837859
Argonaut Gold  AR 22307081 -600429
Thompson Creek  TCM 21457138 -527326
Dundee Precious  DPM 21356157 5558967
Aurico Gold  AUQ 20556275 5885544
Turquoise Hill  TRQ 17439162 13503730
B2gold   BTO 16139822 2010906
First Quantum  FM 15898093 3127443
Tahoe Res THO 14574802 842752
Uranium One  UUU 12958548 -2027748
Detour Gold  DGC 11920053 -174742
Largest increase in short position
Turquoise Hill  TRQ 17439162 13503730
Lundin Mining  LUN 55296555 8211215
Eldorado Gold  ELD 26462200 7837859
Silver Wheaton  SLW 8433255 6965918
Aurico Gold  AUQ 20556275 5885544
Largest decrease in short position
Yamana Gold  YRI 10738106 -1.4E+07
Teck Res  TCK.B 2262700 -5621778
New Gold  NGD 55687690 -5233653
Iamgold  IMG 3228344 -4471320
Agnico-Eagle  AEM 3826674 -3617387

TSX Venture short positions

Short positions outstanding at Nov. 30/12 (with changes from Nov. 15/12).
       
Largest short positions
Barkerville Gold  BGM 2373117 -293300
Aurcana           AUN 1180605 -509400
Goldquest Mining  GQC 1162772 -63700
Monument Mining  MMY 1074000 1062500
Great Western        GWG 1044479 -109556
Probe Mines        PRB 893782 443635
Raging River        RRX 618001 554101
Argex Titanium   RGX 612453 48200
Kaminak Gold         KAM 561410 61939
Bear Creek Mining BCM 486014 46075
Comstock Metals  CSL 436475 291975
Fire River Gold  FAU 436000 -3000
Unigold          UGD 423200 210700
Golden Dawn      GOM 392000 392000
CB Gold          CBJ 381123 321760
Largest increase in short position
Monument Mining  MMY 1074000 1062500
Raging River Expl. RRX 618001 554101
Probe Mines        PRB 893782 443635
Golden Dawn        GOM 392000 392000
CB Gold          CBJ 381123 321760
Largest decrease in short position
Los Andes Copper  LA 0 -693500
Aurcana           AUN 1180605 -509400
Galway Res.        GWY 64502 -437500
Andina           ADM 1000 -420300
TNR Gold              TNR 1000 -401000

For the latest information, visit our Metals Charts and Tables page in our Investing section.

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