Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 2, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,597.75 0.5
Silver $27.96 -0.87
Platinum $1,592.00 22
Palladium $774.00 -19
     
Base Metals Price (US$/tonne) Change
Nickel $16,355.00 -304
Lead $2,070.25 -41
Copper $7,452.75 -86.75
Zinc $1,867.25 -29.5
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 28, 2013 (change from March 21, 2013 in brackets):
Aluminium Alloy 75800 (-1140)
Aluminium 5237400 (+7575)
Copper 569775 (+12325)
Lead 262725 (-7254)
Nickel 165420 (+3132)
Tin 14025 (-25)
Zinc 1175525 (-20300)

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$0.97/lb.
Coal: CME Group Central Appalachian Coal Futures
May 2013: US$57.05; June 2013: US$58.02
Cobalt: Recent trades US$11.75-12.00/lb.
Copper: Comex Copper Futures May 2013: US$3.365/lb.; Comex June 2013: $3.374/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: Mid-mkt US$3,600 per kg
Rhodium: Mid-mkt US$1,225.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$44.00/lb.
Silver: Base: US$27.65; Fabricated: US$33.18; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.25/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, US$5.50
Prices current Apr. 2, 2013

Daily metal prices  
Date 1-Apr 29-Mar 28-Mar 27-Mar 26-Mar  
BASE METALS BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)  
Al Alloy N/A N/A 1802.50/1810 1799.50/1790 1809.50/1815  
Aluminum N/A N/A 1881/1910 1867/1900 1890/1927  
Copper N/A N/A 7582/7613 7569.50/7600 7630/7660.50  
Lead N/A N/A 2093.50/2114.50 2088.50/2108 2162/2184  
Nickel N/A N/A 16535/16695 16665/16720 16945/17025  
Tin N/A N/A 23125/23185 22550/22575 22975/23050  
Zinc N/A N/A 1870/1898 1853/1885 1912/1940  
             
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)  
Gold AM N/A N/A 1602.5 1591 1597.25  
Gold PM N/A N/A 1598.25 1603 1598  
Silver N/A N/A 28.64 28.33 28.83  
Platinum N/A N/A 1576 1575 1565  
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 1-Apr 29-Mar 28-Mar 27-Mar 26-Mar  
US$ in C$ 1.0167 N/A 1.0156 1.017 1.0166  
C$ in US$ 0.9836 N/A 0.9846 0.9833 0.9837  
             
EXCHANGE RATES (Bank of Canada, April 1, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0595 1.3071 0.0109 0.08238 0.1107 1.5486
In US$ 1.0421 1.2856 0.01072 0.08103 0.1089 1.5232
Canadian gold mutual funds
Fund name  Apr. 1  Mar. 25 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 23.69 24.85 -5.67 -22.8 -20.1 2.56 698.9
Altamira Pr & Str Mtl 11.91 12.5 -5.71 -45.7 -19.14 2.35 83.5
BMO Junior Gold Index ETF 10.32 11.05 -2.78 4.3 -26.82 0.58 108.4
BMO Pr Mtl 17.86 18.6 -2.75 -14.8 -20.54 2.29 133.6
CIBC Pr Mtl 13.27 13.88 -4.62 -33.3 -21.82 2.4 141.8
Dynamic Can Pr Mtl 9.54 9.99 -6.43 -64.4 -25.18 1.65 811.6
London Life Pr Mtl (MX) 26.77 28.16 -8.38 -29.8 -20.98 3.37 259.2
Mackenzie Un Pr Mtl C$ 12.77 13.43 -7.63 -56.8 -20.78 2.44 569.9
Middlefield Precious Metals 9.17 9.54 -12.38 -129.8 -22.97 2.48 8.5
Quadrus Mack Un Pr Mtl 14.7 15.46 -7.72 -49.9 -20.81 2.7 66.7
RBC Global Pr Mtl 32.1 33.49 -3.19 -9.5 -19.38 2.04 1380.4
Sentry Pr Mtl Growth 40.4 43.07 2.76 6.4 -24.14 2.75 731.5
Sprott Gold and Pr Minls 37.48 39.71 -11.45 -28.8 -24.09 2.84 854
Sprott Gold and Pr Minls F 39.77 42.14 -10.69 -25.4 -23.87 1.78 n/a
TD Pr Mtl 39.71 41.42 -7.05 -17 -17.61 2.15 313.9
TD Pr Mtl-A 8.38 8.75 -7.18 -82.1 -17.66 2.31 n/a
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.
North American stock exchange indices
            52-week
Date 1-Apr 29-Mar 28-Mar 27-Mar 26-Mar High Low
TSX Composite 12695.14 N/A 12749.9 12699.65 12706.38 12904.71 11209.55
S&P/TSX-Ven Comp 1089.56 N/A 1099 1097.79 1096.03 1573.76 1089.21
S&P TSX 60 728.67 N/A 731.34 728.03 729.85 742.39 637.7
Global Gold 251.98 N/A 254.83 256.03 251.58 355.92 242.95
TSX Metals & Mining 859.83 N/A 874.5 871.03 875.58 1094.57 781.13
Gold & Silver XAU 133.98 N/A 135.76 136.61 134.42 196.71 127.89
Amex Gold Bugs 353.16 N/A 357.11 358.25 352.16 529.8 337.29
TSX short positions
Short positions outstanding at Mar. 31/13 (with changes from Mar. 15/13).
       
Largest short positions
Lundin Mining LUN 66067492 -1164798
New Gold NGD 54574008 -646384
Osisko Mining OSK 33614808 -54068
Dundee Precious DPM 24140610 -46806
Barrick Gold ABX 23429563 277381
Aurico Gold AUQ 22965414 -1822200
Turquoise Hill TRQ 20155878 579936
Thompson Creek. TCM 20118120 490745
Kinross Gold K 19190141 15844757
Eldorado Gold ELD 18305149 -3830920
Tahoe Resources THO 16693953 120447
Argonaut Gold AR 12838000 -372391
First Quantum FM 12178111 -4723950
Iamgold  IMG 12158336 -586122
Detour Gold DGC 10421739 28033
Largest increase in short position
Kinross Gold K 19190141 15844757
Banro BAA 6031874 3599541
Uranium One UUU 5421017 1967432
Goldcorp G 3706277 1544623
Cline Mining CMK 1293700 1107400
Largest decrease in short position
B2gold BTO 7814909 -6153477
First Quantum FM 12178111 -4723950
Yamana Gold YRI 1490383 -4339288
Eldorado Gold ELD 18305149 -3830920
Nevsun Res. NSU 715553 -3528631
       
       
TSX Venture short positions
Short positions outstanding at Mar. 31/13 (with changes from Mar. 15/13).
       
Largest short positions
Barkerville  BGM 2454215 -122093
Pacific Potash PP 1258000 1258000
Probe Mines PRB 700200 -86147
Great Western GWG 661376 -799779
Zenyatta  ZEN 577082 -334300
Cerro Resources CJO 500000 195500
Argex Titanium RGX 415827 1491
Aurcana AUN 392972 -895570
Challenger Deep CDE 382222 10600
Avanti Mining AVT 365000 295000
Alpha Minerals AMW 334449 -180770
Energold  EGD 321300 -3700
Fission Energy FIS 308091 -101693
Galantas Gold GAL 250850 250000
Whitemud Res. WMK.H 215800 0
Largest increase in short position
Pacific Potash PP 1258000 1258000
Avanti Mining AVT 365000 295000
Galantas Gold GAL 250850 250000
American Creek AMK 198000 198000
Cerro Resources CJO 500000 195500
Largest decrease in short position
Panoro Minerals PML 86500 -5005500
Gowest Gold GWA 0 -2999842
Aurcana  AUN 392972 -895570
Abcourt Mines ABI 0 -807000
Great Western GWG 661376 -799779
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