Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 29 2014
Precious Metals Price (US$/oz.) Change
Gold $1,390.75 -20.75
Silver $19.51 -0.26
Platinum $1,410.00 -39
Palladium $784.00 -12
     
Base Metals Price (US$/tonne) Change
Nickel $18,053.00 -105
Lead $2,117.75 -17
Copper $6,722.25 -22.75
Zinc $2,050.00 -14.75
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 25, 2014 (change from April 17, 2014 in brackets):
Aluminium Alloy 54440 (-100)
Aluminium 5347575 (+32000)
Copper 237000 (-5300)
Lead 192975 (-7425)
Nickel 277638 (+204)
Tin 8845 (-670)
Zinc 783550 (-17950)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,500/t
Bismuth: Mid-mkt US$10.40/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
June 2014: US$61.40; July 2014: US$62.28
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures May 2014: US$3.076/lb.; Comex June 2014: $3.077/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Gallium: US$300/kg
Indium: NY Dealer Mid-mkt US$755.00/kg.
Iridium: Mid-mkt US$575.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2200.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$13.50/lb.
Rhodium: Mid-mkt US$1,138.75/tr. oz.
Ruthenium: Mid-mkt US$71.88/tr. oz.
Selenium: Mid-mkt US$27.00/lb.
Silver: Base: US$19.55; Fabricated: US$23.45; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$30.75/lb.; Uranium Exchange Co. spot price: US$32.50/lb.
Ferrovanadium: US$26.50/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current April 29, 2014

Daily metal prices
Date 28-Apr 25-Apr 24-Apr 23-Apr 22-Apr
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy N/A 1880/1915 1900.50/1949 1900/1935 1880/1910
Aluminum N/A 1823/1862.50 1840/1877 1835/1873.50 1846/1884
Copper N/A 6758/6774.50 6730/6719.50 6640/6635 6628/6620
Lead N/A 2142.50/2164 2147/2171 2141/2162 2132.50/2153
Nickel N/A 18460/18425 18420/18450 1.81E+09 18220/18270
Tin N/A 23810/23700 23900/23760 23700/23625 23650/23525
Zinc N/A 2061.50/2063.50 2072/2071.50 2067.50/2074 2066.50/2078.50
         

 
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1302 1294.25 1283.5 1283.5 1290.75
Gold PM 1299 1301.25 1291.5 1285.25 1286.75
Silver 19.6 19.66 19.06 19.46 19.51
Platinum 1428 1418 1394 1400 1403
Palladium 812 805 787 786 787
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 28-Apr 25-Apr 24-Apr 23-Apr 22-Apr  
US$ in C$ 1.1033 1.1042 1.1027 1.1032 1.1026  
C$ in US$ 0.9064 0.9056 0.9069 0.9065 0.9069  
             
EXCHANGE RATES (Bank of Canada, Apr 28, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0209 1.5274 0.01077 0.08394 0.1038 1.8548
In US$ 0.9253 1.3844 0.00976 0.07608 0.09408 1.6811
Canadian gold mutual funds
Fund name  Apr. 28  Apr. 21 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 20.17 19.42 0.75 0.038 19.49 2.56 698.9
Altamira Pr & Str Mtl 10.19 9.7 0.49 0.051 19.18 2.35 83.5
BMO Junior Gold Index ETF 7.58 7.22 0.36 0.05 23.26 0.58 108.4
BMO Pr Mtl 15.19 14.68 0.51 0.035 16.87 2.29 133.6
CIBC Pr Mtl 11.25 10.71 0.54 0.05 22.7 2.4 141.8
Dynamic Can Pr Mtl 6.92 6.76 0.16 0.024 28.39 1.65 811.6
London Life Precious Mtl 22.42 21.58 0.84 0.039 29.15 3.37 259.2
Middlefield Precious Metals 7.19 6.87 0.32 0.047 23.28 2.48 8.5
RBC Global Pr Mtl 26.32 25.32 1 0.039 18.05 2.04 1380.4
Sentry Pr Mtl Growth 33.72 31.88 1.84 0.058 30.38 2.75 731.5
Sprott Gold and Pr Minls 29.94 28.81 1.13 0.039 23.87 2.84 854
Sprott Gold and Pr Minls F 32.1 30.88 1.22 0.04 24.3 1.78 n/a
TD Pr Mtl 33.17 31.31 1.86 0.059 17.54 2.15 313.9
TD Pr Mtl-A 6.99 6.73 0.26 0.039 17.48 2.31 n/a
iShares TSX Global Gold Index 11.55 11.2 0.35 0.031 18.75 0.55 802.1
Featured fund: London Life Precious Metals top holdings as of 01/31/14 (in weighted order): Randgold Resources, Goldcorp, Anglogold Ashanti, Detour Gold, Barrick Gold, Royal Gold, Yamana Gold, Largo Resources, B2Gold. Fund manager: Benoit Gervais.
North American stock exchange indices
            52-week
Date 28-Apr 25-Apr 24-Apr 23-Apr 22-Apr High Low
TSX Composite 14530.91 14533.57 14554.25 14533.39 14555.97 14598.84 11759.04
S&P/TSX-Ven Comp 1009.58 1013.59 1014.45 1010.98 1004.88 1050.26 859.31
S&P TSX 60 830.17 829.46 830.94 829.28 831.1 833.84 677.55
Global Gold 183.24 187.23 182.93 186.09 182.23 218.9 149.29
TSX Metals & Mining 848.04 861.99 858.58 842.53 844.69 876.29 662.2
Gold & Silver XAU 91.37 93.31 91.62 92.88 91.05 115.21 79.73
Amex Gold Bugs 223.65 228.75 223.32 227.17 222.57 291.07 188.39
TSX short positions
Short positions outstanding at Apr. 15/14 (with changes from Mar. 31/14).
Largest short positions
Lundin Mining    LUN 63833382 2534821
New Gold         NGD 39085505 -661274
Kinross Gold           K 27141880 -931270
Barrick Gold        ABX 25532506 -6890874
N.A. Palladium   PDL 22964735 15724329
Detour Gold      DGC 22631915 151235
Tahoe Resources  THO 18868771 137400
Potash Corp.     POT 18314209 -745667
B2gold           BTO 17565433 -39659
Eldorado Gold    ELD 15377988 2696120
Thompson Creek   TCM 13931616 -1153252
Argonaut Gold    AR 12120050 608777
Dundee Precious  DPM 11806164 36864
First Majestic   FR 10586347 -31398
Silver Standard  SSO 8668330 -96368
Largest increase in short position
N.A. Palladium   PDL 22964735 15724329
Eldorado Gold    ELD 15377988 2696120
Lundin Mining     LUN 63833382 2534821
Silver Wheaton   SLW 4060331 2387057
MBAC Fertilizer  MBC 2884345 1166125
Largest decrease in short position
Barrick Gold  ABX 25532506 -6890874
Coalspur Mines  CPT 311700 -1960200
Pilot Gold  PLG 72930 -1835470
Goldcorp  G 4757066 -1645052
Agnico Eagle  AEM 1859678 -1478667
TSX Venture short positions
Short positions outstanding at Apr. 15/14 (with changes from Mar. 31/14).
Largest short positions
Everton Res.  EVR 16954695 10970685
Fission Uranium  FCU 2555042 562450
West Kirkland  WKM 1922000 1922000
Red Eagle Mining  RD 1428000 1388000
Encanto Potash  EPO 1176000 1176000
Atac Resources  ATC 1012052 227500
Parallel Mining  PAL 922600 922600
Geomega Res. GMA 603700 124000
Red Pine Expl. RPX 506000 506000
Fission 3.0  FUU 459126 -1200
Metanor Res. MTO 406100 397000
Arianne Phosphate. DAN 404000 -3100
Donner Metals  DON 399740 399740
Gold Standard  GSV 251300 1200
Zenyatta Ventures  ZEN 251098 -3100
Largest increase in short position
Everton Res. EVR 16954695 10970685
West Kirkland  WKM 1922000 1922000
Red Eagle Mining RD 1428000 1388000
Encanto Potash  EPO 1176000 1176000
Parallel Mining  PAL 922600 922600
Largest decrease in short position
Nemaska Lithium  NMX 25500 -1064500
Ucore Rare Metals  UCU 30000 -472500
Arena Minerals  AN 0 -210346
NWM Mining  NWM 0 -200000
Goldrock Mines  GRM 900 -195400
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