Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, December 18, 2012
Precious Metals	Price (US$/oz.)	Change
Gold	$1,699.50	-10.25
Silver	$32.38	-0.79
Platinum	$1,610.00	-9
Palladium	$700.00	2
Base Metals	Price (US$/tonne)	Change
Nickel	$17,737.00	195
Lead	$2,313.25	20
Copper	$8,010.25	-39
Zinc	$2,086.00	-1

LME warehouse levels

Antimony: Mid-mkt US$12,350.00/t
Bismuth: Mid-mkt US$8.65/lb.
Cadmium: Mid-mkt US$0.905/lb.
Coal: CME Group Central Appalachian Coal Futures
January 2013: US$59.50; February 2013: US$59.95
Cobalt: Recent trades US$10.80-11.80/lb.
Copper: Comex Copper Futures January 2013: US$3.653/lb.; Comex February 2013: $3.657/lb.
Indium: NY Dealer Mid-mkt US$510.00/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$11.30-11.60/lb.
Rhodium: Mid-mkt US$1,080.00/tr. oz.
Ruthenium: Mid-mkt US$80.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$32.24; Fabricated: US$38.68.; Sterling: N.A.
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$23.30/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$335.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$45.00/lb.; Uranium Exchange Co. spot price: US$43.50/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$13.70-14.20
Prices current Dec. 18, 2012

Producer and Dealer Prices

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 17, 2012 (change from December 10 in brackets):
Aluminium Alloy	87740	0
Aluminium	5202400	(+15575)
Copper	298625	(+39575)
Lead	342650	(-12275)
Nickel	138030	(+6)
Tin	12015	(+635)
Zinc	1225700	(-5425)

Daily Metal Prices

Date	17-Dec	14-Dec	13-Dec	12-Dec	11-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1910/1930	1900/1920	1940/1965	1960/2000	1974/1990
Aluminum	2163/2110	2132/2120	2121/2122	2134/2132	2130/2133.50
Copper	8000/8025	8047/8065	8000/8030	8101/8130	8068/8100
Lead	2267/2286	2292/2302.50	2278.50/2292.50	2286/2303.50	2277/2295
Nickel	17550/17715	17700/17775	17425/17500	17755/17840	17600/17695
Tin	23300/23275	23200/23175	22850/22850	23150/23125	22975/22975
Zinc	2049/2079	2058/2084.50	2037/2060	2058/2086	2055.50/2083
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1690	1696.5	1694.75	1712.5	1709.75
Gold PM	1695.75	1696.25	1692.75	1716.25	1710
Silver	32.21	32.52	32.69	33.1	33.17
Platinum	1606	1613	1607	1639	1631
Palladium	697	700	682	697	695

Exchange rates

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	17-Dec	14-Dec	13-Dec	12-Dec	11-Dec
US$ in C$	0.9841	0.986	0.9847	0.9854	0.9867
C$ in US$	1.0162	1.0142	1.0155	1.0148	1.0135
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0379	1.2959	0.01176	0.07715	0.1151	1.5945
In US$	1.0547	1.3168	0.01195	0.0784	0.117	1.6203

Canadian gold mutual funds

Fund name	Dec. 17	Dec. 10	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	29.72	29.7	-5.67	-19.1	-13.1	2.56	698.9
Altamira Pr & Str Mtl	22.4	22.45	-5.71	-25.4	-12.76	2.35	83.5
BMO Junior Gold Index ETF	14.47	14.32	-2.78	4.3	-14.68	0.58	108.4
BMO Pr Mtl	16.92	17.03	-2.75	-16.1	-17.25	2.29	133.6
CIBC Pr Mtl	12.75	12.85	-4.62	-36	-18.06	2.4	141.8
Dynamic Can Pr Mtl	18.6	18.87	-6.43	-34.1	-16.86	1.65	811.6
London Life Pr Mtl (MX)	33.49	33.57	-8.38	-25	-17.82	3.37	259.2
Mackenzie Un Pr Mtl C$	18.35	18.39	-7.63	-41.5	-17.13	2.44	569.9
Middlefield Precious Metals	15.93	15.97	-12.38	-77.5	-17.03	2.48	8.5
Quadrus Mack Un Pr Mtl	12.06	21.07	-7.72	-36.6	-20.2	2.7	66.7
RBC Global Pr Mtl	14.8	14.65	-3.19	-21.8	-12.9	2.04	1380.4
Sentry Pr Mtl Growth	53.46	53.25	2.76	5.2	-7.6	2.75	731.5
Sprott Gold and Pr Minls	39.69	39.81	-11.45	-28.8	-12.7	2.84	854
Sprott Gold and Pr Minls F	49.19	49.42	-10.69	-21.6	-20.2	1.78	n/a
TD Pr Mtl	52.03	52.33	-7.05	-13.5	-19.4	2.15	313.9
TD Pr Mtl-A	10.14	10.28	-7.18	-69.8	-17.9	2.31	n/a
iShares Can Gold Sector Index	48.01	48.66	-5.17	-10.6	-17.81	0.55	1063.3
Featured fund: AGF Precious Minerals as of 10/30/12 (in weighted order): Central Fund of Canada, Goldcorp, Royal Canadian Mint, Tahoe Resources, Eldorado Gold, B2Gold, Agnico-Eagle Mines, Franco-Nevada, Silver Wheaton. Fund Manager: Bob Lyon.

North American stock exchange indices

Date	17-Dec	14-Dec	13-Dec	12-Dec	11-Dec	High	Low
TSX Composite	12281.35	12296.72	12289.17	12353.09	12282.36	12788.63	11209.55
S&P/TSX-Ven Comp	1184.99	1183.62	1174.01	1184.94	1183.93	1696.14	1153.9
S&P TSX 60	703.73	704.46	704.48	708.17	705.04	728.03	637.7
Global Gold	298.19	298.55	296.52	305.1	297.69	395.64	265.99
TSX Metals & Mining	977	985.59	963	972.29	963.65	1258.22	781.13
Gold & Silver XAU	165.05	164.75	163.67	167.82	163.68	204.97	140.94
Amex Gold Bugs	439.02	437.66	436.68	447.98	436.8	554.92	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