Metals, mining and money markets

Courtesy of Scotiabank
Tuesday, March 25 2014
Precious Metals Price (US$/oz.) Change
Gold $1,314.75 -47.75
Silver $20.00 -0.94
Platinum $1,433.00 -24
Palladium $787.50 19.5
     
Base Metals Price (US$/tonne) Change
Nickel $16,281.00 190
Lead $2,089.75 18
Copper $6,585.25 113.25
Zinc $1,986.75 41.5
Spot prices
Courtesy of Scotiabank
Tuesday, March 25 2014
Precious Metals Price (US$/oz.) Change
Gold $1,314.75 -47.75
Silver $20.00 -0.94
Platinum $1,433.00 -24
Palladium $787.50 19.5
     
Base Metals Price (US$/tonne) Change
Nickel $16,281.00 190
Lead $2,089.75 18
Copper $6,585.25 113.25
Zinc $1,986.75 41.5
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 24, 2014 (change from March 17, 2014 in brackets):
Aluminium Alloy 54760 0
Aluminium 5406677 (+170250)
Copper 263675 (-10300)
Lead 200700 (-1375)
Nickel 283524 (+12714)
Tin 9425 (-320)
Zinc 776400 (-18000)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900/t
Bismuth: Mid-mkt US$10.50/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
Apr. 2014: US$59.78; May 2014: US$59.83
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures Apr. 2014: US$2.981/lb.; Comex May 2014: $2.966/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Gallium: US$300/kg
Indium: NY Dealer Mid-mkt US$760.00/kg.
Iridium: Mid-mkt US$511.30/tr. oz.
Magnesium FOB China: Mid-mkt US$2,800.00/t.
Manganese FOB China: Mid-mkt US$2,350.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$10.50/lb.
Rhodium: Mid-mkt US$1,086.30/tr. oz.
Ruthenium: Mid-mkt US$67.17/tr. oz.
Selenium: Mid-mkt US$29.00/lb.
Silver: Base: US$19.86; Fabricated: US$23.83; Sterling: US$18.43
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$34.60/lb.; Uranium Exchange Co. spot price: US$34.70/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Mar. 26, 2014

Daily metal prices
Date 24-Mar 21-Mar 20-Mar 19-Mar 18-Mar
BASE METALS  (London Metal Exchange — Midday official cash/3-month pr
ices, US$ per tonne)
Al Alloy 1860/1890 1845/1875 1830/1870 1830/1865 1830/1865
Aluminum 1688/1731.50 1676.50/1718.50 1673/1714.50 1671.50/1715 1690/1732
Copper 6509.50/6502.50 6539/6525 6434/6429.50 6445.50/6435 6471/6450
Lead 2049/2070 2060/2083 2045.50/2069.50 2035/2060 2026/2050
Nickel 16130/16160 15985/16000 15905/15925 16110/16140 16070/16120
Tin 22955/22955 22975/22925 23100/23100 23220/23220 23120/23090
Zinc 1941.50/1947.50 1952/1955 1956.50/1964 1957/1962 1952/1962.50
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1322 1338.5 1327 1346 1362.5
Gold PM 1310.75 1336 1327 1338 1355.75
Silver 20.2 20.55 20.17 20.75 20.94
Platinum 1433 1439 1436 1454 1454
Palladium 792.5 789 754 768 762.5
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 24-Mar 21-Mar 20-Mar 19-Mar 18-Mar  
US$ in C$ 1.1217 1.1194 1.1251 1.1179 1.1086  
C$ in US$ 0.8915 0.8933 0.8888 0.8945 0.902  
             
EXCHANGE RATES (Bank of Canada, Mar 24, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0234 1.546 0.01097 0.08502 0.1033 1.8496
In US$ 0.9124 1.3783 0.00978 0.0758 0.09209 1.6489
Canadian gold mutual funds
Fund name  Mar. 17   Mar.10 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 22.07 21.87 0.2 0.009 30.75 2.56 698.9
Altamira Pr & Str Mtl 11.4 11.1 0.3 0.027 33.33 2.35 83.5
BMO Junior Gold Index ETF 8.62 8.32 0.3 0.036 40.12 0.58 108.4
BMO Pr Mtl 17.1 16.75 0.35 0.021 31.54 2.29 133.6
CIBC Pr Mtl 12.29 12.03 0.26 0.022 33.97 2.4 141.8
Dynamic Can Pr Mtl 7.52 7.29 0.23 0.032 39.52 1.65 811.6
London Life Precious Mtl 24.3 23.71 0.59 0.025 39.92 3.37 259.2
Middlefield Precious Metals 8.02 7.83 0.19 0.024 37.51 2.48 8.5
RBC Global Pr Mtl 29.29 28.54 0.75 0.026 31.35 2.04 1380.4
Sentry Pr Mtl Growth 37.5 35.86 1.64 0.046 45 2.75 731.5
Sprott Gold and Pr Minls 33.7 33.07 0.63 0.019 39.43 2.84 854
Sprott Gold and Pr Minls F 36.08 35.4 0.68 0.019 39.74 1.78 n/a
TD Pr Mtl 35.78 35.93 -0.15 -0.004 26.79 2.15 313.9
TD Pr Mtl-A 7.55 7.58 -0.03 -0.004 26.73 2.31 n/a
iShares TSX Global Gold Index 12.87 12.51 0.36 0.029 31.93 0.55 802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold Resources, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter. 
North American stock exchange indices
            52-week
Date 24-Mar 21-Mar 20-Mar 19-Mar 18-Mar High Low
TSX Composite 14278.55 14335.76 14361.83 14334.04 14368.98 14406.86 11759.04
S&P/TSX-Ven Comp 1019.14 1034.76 1035.26 1038.87 1038.95 1113.41 859.31
S&P TSX 60 819.33 822.21 824.07 821.92 824.29 826.77 677.55
Global Gold 189.41 197.95 199.33 198.39 204.93 258.03 149.29
TSX Metals & Mining 775.22 786.87 775.45 769.89 785.11 892.31 662.2
Gold & Silver XAU 93.92 98.51 98.55 98.28 102.08 138.68 79.73
Amex Gold Bugs 226.63 236.06 236.69 235.31 245.3 358.49 188.39
TSX short positions
Short positions outstanding at Mar. 15/14 (with changes from Feb. 28/14).
Largest short positions
Lundin Mining  LUN 60269073 -1308240
New Gold  NGD 38811885 -1712920
Detour Gold  DGC 23638423 -2377699
Kinross Gold  K 22693920 -9906215
Potash Corp. POT 20126469 -510045
Tahoe Res. THO 19022513 -595643
B2gold   BTO 18599253 1613108
Endeavour EDV 17778123 17397705
Osisko Mining  OSK 17246248 -76933
Thompson Creek  TCM 15995875 -389593
Yamana Gold  YRI 15614633 -4325350
First Quantum  FM 12357761 -9378181
Eldorado Gold ELD 12124190 -1.2E+07
Dundee Prec.  DPM 11923155 -197491
Argonaut Gold  AR 11139468 -110584
Largest increase in short position
Endeavour  EDV 17778123 17397705
Entree Gold  ETG 8038465 8029765
Minco Silver  MSV 4889456 4889456
Barrick Gold  ABX 10214847 4102606
Teranga Gold  TGZ 4025962 3948962
Largest decrease in short position
Eldorado Gold        ELD 12124190 -1.2E+07
Kinross Gold         K 22693920 -9906215
First Quantum      FM 12357761 -9378181
Cameco            CCO 7210849 -8286201
Rubicon Minerals  RMX 5843964 -8209866
TSX Venture short positions
Short positions outstanding at Mar. 15/14 (with changes from Feb. 28/14).
Largest short positions
Fission Uranium  FCU 12667812 12503445
Constantine Metal  CEM 5087240 5087040
Lomiko Metals          LMR 2648500 803000
Explor Resources  EXS 2081892 2081892
Graphite One          GPH 1802500 794000
Aurcana           AUN 1696799 1128661
Athabasca Uranium  UAX 1349388 1349388
Roxgold           ROG 1149167 1142510
Mukuba Resources  MKU 1056120 1056120
Passport Potash  PPI 935093 933093
Darwin Resources  DAR 780212 779912
Orca Gold          ORG 723171 717525
Opawica Expl.       OPW 615812 615812
Athabasca Nuclear  ASC 608056 608056
Angel Gold        ANG 569372 569372
Largest increase in short position
Fission Uranium  FCU 12667812 12503445
Constantine Metal  CEM 5087240 5087040
Explor Resources  EXS 2081892 2081892
Athabasca Uranium  UAX 1349388 1349388
Roxgold           ROG 1149167 1142510
Largest decrease in short position
Santacruz Silver  SCZ 37100 -714400
Everton Resources  EVR 0 -557000
High North Resources  HN 47000 -511100
Mindoro Resources  MIO 280000 -422200
Metanor Resources  MTO 106100 -306500
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