Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, March 26, 2013
Precious Metals Price (US$/oz.) Change
Gold $1,597.25 -5.25
Silver $28.83 -0.02
Platinum $1,570.00 -5
Palladium $755.00 -1
     
Base Metals Price (US$/tonne) Change
Nickel $16,627.00 169
Lead $2,235.50 19.75
Copper $7,787.25 62.75
Zinc $2,017.50 16.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 25, 2013 (change from March 18, 2013 in brackets):
Aluminium Alloy 76100 (-2760)
Aluminium 5222500 (-40325)
Copper 565350 (+21425)
Lead 266975 (-8525)
Nickel 162024 (-282)
Tin 14110 (+340)
Zinc 1189150 (-15975)

 Producer and dealer prices

Antimony FOB China: Mid-mkt US$11,000.00/t
Bismuth: Mid-mkt US$9.50/lb.
Cadmium: Mid-mkt US$0.96/lb.
Coal: CME Group Central Appalachian Coal Futures
April 2013: US$55.78; May 2013: US$57.10
Cobalt: Recent trades US$11.75-12.00/lb.
Copper: Comex Copper Futures April 2013: US$3.44/lb.; Comex May 2013: $3.50/lb.
Germanium: US$1,700/kg.
Indium: NY Dealer Mid-mkt US$590.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,500.00/t.
Molybdenum: Oxide, recent trades US$11.25-11.50/lb.
Rhenium<ct>:Mid-mkt US$3,600 per kg
Rhodium: Mid-mkt US$1,250.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$44.00/lb.
Silver: Base: US$28.53; Fabricated: US$34.24; Sterling: US$26.46
Tungsten: APT Tungstate FOB China mid-mkt: US$355.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.25/lb.; Uranium Exchange Co. spot price: US$42.25/lb.
Ferrovanadium: Free Market V2O5, US$5.50
Prices current Mar. 27, 2013

Daily metal prices
Date 25-Mar 22-Mar 21-Mar 20-Mar 19-Mar
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1795/1795 1810/1810 1820/1820 1820/1820 1820/1820
Aluminum 1898/1931.50 1905/1938 1901/1936.50 1905/1943 1902/1945.50
Copper 7601.50/7639 7616/7655 7575/7626 7574/7604 7537/7568
Lead 2168/2190 2163/2185 2183.50/2208 2162.50/2185 2159/2179.50
Nickel 16925/17000 16820/16925 16845/16940 16720/16795 16605/16655
Tin 22990/23050 22700/22700 22690/22745 23115/23125 23295/23250
Zinc 1909/1939 1912.50/1944 1917/1950 1900.50/1932.50 1887.50/1920.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1602.25 1611.5 1608.75 1611.5 1602.5
Gold PM 1599.25 1607.75 1613.75 1607.5 1610.75
Silver 28.67 29.06 28.91 28.9 28.85
Platinum 1575 1580 1583 1566 1579
Palladium 761 754 761 747 761
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 25-Mar 22-Mar 21-Mar 20-Mar 19-Mar  
US$ in C$ 1.0218 1.0225 1.0241 1.0268 1.0274  
C$ in US$ 0.9787 0.978 0.9765 0.9739 0.9733  
             
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.068 1.3162 0.01083 0.08265 0.1099 1.5515
In US$ 1.0452 1.2881 0.0106 0.08089 0.1076 1.5184
Canadian gold mutual funds
Fund name  Mar. 25  Mar. 18 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 24.85 25.43 -5.67 -22.3 -16.17 2.56 698.9
Altamira Pr & Str Mtl 12.5 12.66 -5.71 -45.1 -15.14 2.35 83.5
BMO Junior Gold Index ETF 11.05 11.42 -2.78 4.3 -21.7 0.58 108.4
BMO Pr Mtl 18.6 18.89 -2.75 -14.6 -17.26 2.29 133.6
CIBC Pr Mtl 13.88 13.96 -4.62 -33.1 -18.24 2.4 141.8
Dynamic Can Pr Mtl 9.99 10.31 -6.43 -62.4 -21.65 1.65 811.6
London Life Pr Mtl (MX) 28.16 28.65 -8.38 -29.2 -16.87 3.37 259.2
Mackenzie Un Pr Mtl C$ 13.43 13.68 -7.63 -55.8 -16.88 2.44 569.9
Middlefield Precious Metals 9.54 9.75 -12.38 -127 -19.83 2.48 8.5
Quadrus Mack Un Pr Mtl 15.46 15.75 -7.72 -49 -16.72 2.7 66.7
RBC Global Pr Mtl 33.49 33.79 -3.19 -9.4 -15.92 2.04 1380.4
Sentry Pr Mtl Growth 43.07 44.2 2.76 6.2 -19.12 2.75 731.5
Sprott Gold and Pr Minls 39.71 40.09 -11.45 -28.6 -19.56 2.84 854
Sprott Gold and Pr Minls F 42.14 42.53 -10.69 -25.1 -19.35 1.78 n/a
TD Pr Mtl 41.42 42.1 -7.05 -16.7 -14.07 2.15 313.9
TD Pr Mtl-A 8.75 8.89 -7.18 -80.8 -14.1 2.31 n/a
iShares Can Gold Sector Index 15.69 15.87 -5.17 -32.6 -16.99 0.55 1063.3
Featured Fund: CIBC Precious Metals top holdings as of 01/31/13 (in weighted order): Silver Wheaton, B2Gold, Agnico-Eagle Mines, Goldcorp, Yamana Gold, Randgold Resources, Alacer Gold. Fund Manager: Craig Porter. 
            52-week
Date 25-Mar 23-Mar 21-Mar 20-Mar 19-Mar High Low
TSX Composite 12680.71 12757.35 12747.87 12826.55 12773.87 12904.71 11209.55
S&P/TSX-Ven Comp 1103.35 1106.35 1102.98 1105.97 1106.51 1588.62 1094.04
S&P TSX 60 727.95 732.79 731.56 737.56 733.64 742.39 637.7
Global Gold 253.93

258.21 259.59 254.01 255.18 355.92 242.95
TSX Metals & Mining 876.07 891.75 900.38 911.35 898.99 1094.57 781.13
Gold & Silver XAU 135.47 136.96 137.7 134.49 134.73 196.71 127.89
Amex Gold Bugs 355.12 359.82 362.48 353.87 354.23 529.8 337.29
TSX short positions
Short positions outstanding at Mar. 15/13 (with changes from Feb. 28/13).
       
Largest short positions
Lundin Mining  LUN 67232290 -1053789
New Gold  NGD 55220392 -33131
Osisko Mining  OSK 33668876 3858357
Aurico Gold  AUQ 24787614 -122510
Dundee Prec  DPM 24187416 4106546
Barrick Gold  ABX 23152182 7276606
Eldorado Gold  ELD 22136069 -9900280
Thompson Creek  TCM 19627375 553797
Turquoise Hill  TRQ 19575942 1656845
First Quantum  FM 16902061 -2195215
Tahoe Res  THO 16573506 -15836
B2gold   BTO 13968386 2325069
Argonaut Gold  AR 13210391 1076676
Iamgold  IMG 12744458 -6305582
Teck Resources  TCK.B 11625226 -1132516
Largest increase in short position
Barrick Gold       ABX 23152182 7276606
Dundee Precious  DPM 24187416 4106546
Osisko Mining       OSK 33668876 3858357
Agnico-Eagle        AEM 10173405 3295169
Nevsun Resources  NSU 4244184 2407221
Largest decrease in short position
Kinross Gold K 3345384 -1.9E+07
Eldorado Gold ELD 22136069 -9900280
Potash Corp. POT 3685317 -8571526
Cameco   CCO 3330514 -7955821
Iamgold  IMG 12744458 -6305582

TSX Venture short positions
Short positions outstanding at March. 15/13 (with changes from Feb. 28/13).
       
Largest short positions
Panoro Minerals  PML 5092000 4967006
Gowest Gold          GWA 2999842 2999651
Barkerville Gold  BGM 2576308 -69900
Great Western       GWG 1461155 782500
Aurcana          AUN 1288542 560123
Zenyatta         ZEN 911382 180882
Abcourt Mines        ABI 807000 805000
Probe Mines        PRB 786347 -52585
Orko Silver        OK 654003 450967
Global Met Coal  GMZ 630000 630000
Castillian        CT 593600 214500
Eastcoal         ECX 565000 565000
Alpha Minerals   AMW 515219 222919
Mineral Mountain  MMV 510054 374500
Rockland         RL 510000 45000
Largest increase in short position
Panoro Minerals  PML 5092000 4967006
Gowest Gold         GWA 2999842 2999651
Abcourt Mines    ABI 807000 805000
Great Western      GWG 1461155 782500
Global Met Coal  GMZ 630000 630000
Largest decrease in short position
Cerro Resources  CJO 304500 -3255500
Tomagold          LOT 105000 -1616500
Malbex Resources  MBG 0 -850000
Majestic Gold         MJS 139453 -758250
Canada Strategic  CJC 0 -602000
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