Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, July 2, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,260.75 -24.25
Silver $19.62 -0.15
Platinum $1,380.00 29
Palladium $686.00 16
     
Base Metals Price (US$/tonne) Change
Nickel $14,001.00 41
Lead $2,103.75 16.5
Copper $6,959.75 -17
Zinc $1,898.75 8.75
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 1, 2013 (change from June 24, 2013 in brackets):
Aluminium Alloy 69040 0
Aluminium 5450175 (+9850)
Copper 662275 (-15950)
Lead 198200 (+2325)
Nickel 187716 (+1518)
Tin 14290 (+100)
Zinc 1056075 (-9775)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900.00/t
Bismuth: Mid-mkt US$9.00/lb.
Cadmium: Mid-mkt US$1.05/lb.
Coal: CME Group Central Appalachian Coal Futures
July 2013: US$54.83; Aug. 2013: US$54.88
Cobalt: US$15.00/lb.
Copper: Comex Copper Futures July 2013: US$3.044/lb.; Comex Aug. 2013: $3.050/lb.
Germanium: US$1,750/kg.
Indium: NY Dealer Mid-mkt US$560.00/kg.
Iridium: Mid-mkt US$968.48/tr. oz.
Magnesium FOB China: Mid-mkt US$2,850.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum Oxide: US$10.75/lb.
Rhodium: Mid-mkt US$1,054.78/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$32.00/lb.
Silver: Base: US$18.70; Fabricated: US$22.44; Sterling: US$17.34
Tungsten: APT Tungstate FOB China mid-mkt: US$400.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$39.75/lb.; Uranium Exchange Co. spot price: US$39.65/lb.
Ferrovanadium: US$28.00/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current June 26, 2013

Daily metal prices
Date 1-Jul 28-Jun 27-Jun 26-Jun 25-Jun
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1780/1810 1775/1805 1770/1810 1765/1800 N/A
Aluminum 1753.50/1793 1730.50/1775 1719/1764 1732.50/1779 N/A
Copper 6915/6918 6750/6775 6704.50/6731 6685/6715 N/A
Lead 2058.50/2070 2057/2065 2037/2042.50 2031.50/2037 N/A
Nickel 13825/13885 13675/13705 13610/13725 13555/13610 N/A
Tin 19750/19845 19775/19850 19695/19650 19695/19745 N/A
Zinc 1832.50/1865.50 1822.50/1854 1807.50/1844.50 1800.50/1835 N/A
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1243.5 1203.25 1232 1229 1285
Gold PM 1242.75 1192 1232.75 1236.25 1279
Silver 19.44 18.86 18.61 18.67 19.77
Platinum 1357 1317 1318 1329 1349
Palladium 678 643 643 652 672
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 1-Jul 28-Jun 27-Jun 26-Jun 25-Jun  
US$ in C$ N/A 1.0512 1.048 1.0469 1.0513  
C$ in US$ N/A 0.9513 0.9542 0.9552 0.9512  
             
EXCHANGE RATES (Bank of Canada, June 28, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9636 1.3676 0.0106 0.0809 0.1064 1.5987
In US$ 0.9167 1.301 0.01008 0.07696 0.1012 1.5208
Canadian gold mutual funds
Fund name  June 28  June 24 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 17.26 16.79 -5.67 -33.8 -41.78 2.56 698.9
Altamira Pr & Str Mtl 8.64 8.17 -5.71 -69.9 -41.34 2.35 83.5
BMO Junior Gold Index ETF 7.06 6.65 -2.78 4.3 -49.95 0.58 108.4
BMO Pr Mtl 13.15 12.84 -2.75 -21.4 -41.51 2.29 133.6
CIBC Pr Mtl 9.2 8.83 -4.62 -52.3 -45.78 2.4 141.8
Dynamic Can Pr Mtl 5.63 5.68 -6.43 -113.2 -55.84 1.65 811.6
London Life Pr Mtl (MX) 17.74 17.44 -8.38 -48.1 -47.61 3.37 259.2
Mackenzie Un Pr Mtl C$ 8.48 8.34 -7.63 -91.5 -47.37 2.44 569.9
Middlefield Precious Metals 6.54 6.3 -12.38 -196.5 -45.07 2.48 8.5
Quadrus Mack Un Pr Mtl 9.76 9.6 -7.72 -80.4 -47.42 2.7 66.7
RBC Global Pr Mtl 22.77 21.76 -3.19 -14.7 -42.82 2.04 1380.4
Sentry Pr Mtl Growth 26.47 24.96 2.76 11.1 -50.29 2.75 731.5
Sprott Gold and Pr Minls 25.22 24.65 -11.45 -46.5 -48.91 2.84 854
Sprott Gold and Pr Minls F 26.8 26.2 -10.69 -40.8 -48.7 1.78 n/a
TD Pr Mtl 28.1 26.89 -7.05 -26.2 -41.7 2.15 313.9
TD Pr Mtl-A 5.93 5.67 -7.18 -126.6 -41.76 2.31 n/a
iShares Can Gold Sector Index 10.63 10.22 -5.17 -50.6 -43.28 0.55 1063.3
Featured fund: Sentry Precious Metals top holdings as of 01/31/13 (in weighted order): Allied Nevada Gold, Rio Alto Mining, Argonaut Gold, AuRico Gold, Semafo, B2Gold, Sandstorm Gold, Alamos Gold, Osisko Mining, Silver Wheaton. Fund manager: Kevin MacLean. 
North American stock exchange indices
            52-week
Date 1-Jul 28-Jun 27-Jun 26-Jun 25-Jun High Low
TSX Composite N/A 12129.11 12005.78 11951.9 12005.42 12904.71 11366.74
S&P/TSX-Ven Comp N/A 881.4 860.24 860.84 882.36 1349.32 859.31
S&P TSX 60 N/A 695.52 689.27 686.91 689.85 742.39 649.14
Global Gold N/A 170.4 157.1

154.02 164.24 355.92 154
TSX Metals & Mining N/A 705.56 691.66 675.5 682.52 1050.76 662.2
Gold & Silver XAU 91.47 90.15 84.35 82.35 87.22 196.71 82.29
Amex Gold Bugs 231 228.09 211.52 206.87 220.23 529.8 206.66
TSX short positions
Short positions outstanding at May. 15/13 (with changes from Apr. 30/13).Short positions outstanding at June. 15/13 (with changes from May. 31/13).
       
Largest short positions
Lundin Mining  LUN 70813970 1078980
New Gold  NGD 52037061 -1950708
Osisko Mining  OSK 42473591 -332963
Kinross Gold K 36905005 6132219
Eldorado Gold  ELD 32154548 -3354422
Turquoise Hill  TRQ 30853777 -242681
Barrick Gold  ABX 28791612 24840438
First Quantum  FM 22634673 -6550988
Thompson Creek  TCM 20126725 -178968
Tahoe Res.  THO 19999765 -398410
Dundee Prec.  DPM 16010750 -438546
First Majestic  FR 13620596 -1203427
B2gold   BTO 13360169 -298469
Detour Gold  DGC 12544452 -1901308
Argonaut Gold  AR 11416295 148031
Largest increase in short position
Barrick Gold  ABX 28791612 24840438
Kinross Gold  K 36905005 6132219
Silver Wheaton  SLW 8752579 4613909
Agnico-Eagle  AEM 5174155 3951436
Cline Mining  CMK 1609000 1600000
Largest decrease in short position
Yamana Gold  YRI 2199164 -1.3E+07
Teck Resources  TCK.B 2362561 -8425550
Cameco   CCO 6957338 -8146379
Potash Corp. POT 10119134 -6594458
First Quantum  FM 22634673 -6550988
TSX Venture short positions
Short positions outstanding at June. 15/13 (with changes from May. 31/13).
       
Largest short positions
Barkerville Gold. BGM 2070715 -190800
Pacific Potash    PP 961000 135500
Great Western     GWG 785500 -94000
Alpha Minerals    AMW 555297 -345900
Amarc Resources  AHR 478000 -57000
Argex Titanium    RGX 399273 15137
Coventry Resources  CYY 386828 21328
Adroit Resources  ADT 341000 341000
Zenyatta Ventures  ZEN 338450 -73089
Probe Mines      PRB 269217 17419
Edgewater Expl.   EDW 267000 54500
Sirios Resources  SOI 261000 -37000
Bellhaven Copper  BHV 254000 254000
Focus Graphite    FMS 245345 3480
African Gold      AGG 235000 210000
Largest increase in short position
Adroit Resources  ADT 341000 341000
Bellhaven Copper  BHV 254000 254000
African Gold     AGG 235000 210000
Huldra Silver     HDA 201000 201000
European Uranium  EUU 177500 177500
Largest decrease in short position
Alexandria Minerals  AZX 7000 -975500
Majestic Gold    MJS 77000 -584000
Aldrin Resource  ALN 0 -526000
Alpha Minerals   AMW 555297 -345900
Arian Resources  ARC 0 -340000
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