Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, May 20 2014    
Precious Metals Price (US$/oz.) Change
Gold $1,291.50 -1.25
Silver $19.37 -0.07
Platinum $1,469.00 26
Palladium $817.00 10
     
Base Metals Price (US$/tonne) Change
Nickel $19,607.00 -470
Lead $2,132.00 -21
Copper $6,857.00 -68
Zinc $2,075.00 -14.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 16, 2014 (change from May 9, 2014 in brackets):
Aluminium Alloy 52640 (-1700)
Aluminium 5264450 (-48850)
Copper 186525 (-21800)
Lead 190950 (-2525)
Nickel 279816 (+1686)
Tin 9665 (+160)
Zinc 751650 (-9525)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,400/t
Bismuth: Mid-mkt US$10.70/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
June 2014: US$62.90; July 2014: US$63.85
Cobalt 99.8: US$14.15/lb.
Copper: Comex Copper Futures June 2014: US$3.121/lb.; Comex July 2014: $3.120/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$580.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2250.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$15.00/lb.
Rhodium: Mid-mkt US$1,058.57/tr. oz.
Ruthenium: Mid-mkt US$72.00/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$19.42; Fabricated: US$23.30; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$370.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$28.25/lb.; Uranium Exchange Co. spot price: US$28.00/lb.
Ferrovanadium: US$27.50/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current May 21, 2014

Daily metal prices
Date 19-May 16-May 15-May 14-May 13-May
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1900/1930 1880/1910 1890/1930 1890/1920 1885/1915
Aluminum 1724/1766 1731/1775 1752.50/1796 1757/1803 1738.50/1782
Copper 7008/6940 6949/6876 6948.50/6885.50 6976/6925 6884/6843.50
Lead 2120.50/2146 2110/2135 2124/2147.50 2112.50/2136 2098/2124
Nickel 19780/19785 19150/19195 18745/18600 20645/20700 21150/21090
Tin 23550/23470 23430/23345 23395/23295 23475/23425 23200/23100
Zinc 2084.50/2093 2057/2059 2076.50/2083 2084.50/2089.50 2064.50/2075
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1301 1293.75 1303.75 1300.25 1292.75
Gold PM 1302 1291.5 1299 1305.25 1296.5
Silver 19.55 19.33 19.66 19.87 19.44
Platinum 1483 1464 1471 1472.5 1453
Palladium 822 816 821 823 814
Exchange rates  
 CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 19-May 16-May 15-May 14-May 13-May  
US$ in C$ N/A 1.0882 1.0887 1.0887 1.0892  
C$ in US$ N/A 0.9189 0.9185 0.9185 0.9181  
             
EXCHANGE RATES (Bank of Canada, May 20, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0092 1.4935 0.01076 0.08426 0.1044 1.8364
In US$ 0.9258 1.3701 0.00987 0.0773 0.09577 1.6846
Canadian gold mutual funds
Fund name  May 16  May 12 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.22 20.08 -0.86 -0.043 13.86 2.56 698.9
Altamira Pr & Str Mtl 9.85 10.26 -0.41 -0.04 15.2 2.35 83.5
BMO Junior Gold Index ETF 7.08 7.57 -0.49 -0.065 15.13 0.58 108.4
BMO Pr Mtl 14.58 15.08 -0.5 -0.033 12.16 2.29 133.6
CIBC Pr Mtl 10.77 11.19 -0.42 -0.038 17.41 2.4 141.8
Dynamic Can Pr Mtl 6.78 6.9 -0.12 -0.017 25.79 1.65 811.6
London Life Precious Mtl 21.6 22.63 -1.03 -0.046 24.37 3.37 259.2
Middlefield Precious Metals 6.92 7.22 -0.3 -0.042 18.7 2.48 8.5
RBC Global Pr Mtl 25.37 26.36 -0.99 -0.038 13.79 2.04 1380.4
Sentry Pr Mtl Growth 32.3 34.03 -1.73 -0.051 24.89 2.75 731.5
Sprott Gold and Pr Minls 28.55 29.93 -1.38 -0.046 18.14 2.84 854
Sprott Gold and Pr Minls F 30.63 32.09 -1.46 -0.045 18.6 1.78 n/a
TD Pr Mtl 31.96 33.22 -1.26 -0.038 13.25 2.15 313.9
TD Pr Mtl-A 6.74 7.01 -0.27 -0.039 13.19 2.31 n/a
iShares TSX Global Gold Index 11.04 11.58 -0.54 -0.047 13.55 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 19-May 16-May 15-May 14-May 13-May High Low
TSX Composite N/A 14514.74 14588.89 14673.73 14679.81 14765.15 11759.04
S&P/TSX-Ven Comp N/A 976.55 974.65 991.74 988.35 1050.26 859.31
S&P TSX 60 N/A 830.29 834.03 839.11 839.49 843.05 677.55
Global Gold N/A 177.01 178.91 182.09 180.28 218.9 149.29
TSX Metals & Mining N/A 863.26 869.04 878.33 872.34 886
.59
662.2
Gold & Silver XAU 89.1 88.86 89.68 90.96 90.39 196.71 82.29
Amex Gold Bugs 217.29 217.01 219.21 222.88 220.66 284.21 188.39
TSX short positions
Short positions outstanding at May. 1/14 (with changes from Apr. 30/14).
Largest short positions
Lundin Mining  LUN 59585967 -4247415
Kinross Gold  K 40404398 13262518
New Gold  NGD 38447451 -638054
Potash Corp POT 27124099 8809890
Detour Gold  DGC 23352717 720802
Yamana Gold  YRI 22488201 14851713
Tahoe Resources THO 18866919 -1852
B2gold  BTO 17882647 317214
Eldorado Gold  ELD 15975067 597079
First Quantum  FM 15292553 11365814
Teck Resources  TCK.B 14622655 8783299
Thompson Creek  TCM 13507243 -424373
Dundee Precious  DPM 12495241 689077
Argonaut Gold  AR 11844324 -275726
Cameco   CCO 11217941 6604896
Largest increase in short position
Yamana Gold  YRI 22488201 14851713
Kinross Gold K 40404398 13262518
First Quantum  FM 15292553 11365814
Potash Corp. POT 27124099 8809890
Teck Resources  TCK.B 14622655 8783299
Largest decrease in short position
NAP PDL 4440226 -1.9E+07
Barrick Gold  ABX 7117987 -1.8E+07
Lundin Mining  LUN 59585967 -4247415
Osisko Mining  OSK 5416377 -2972146
MBAC Fertilizer  MBC 277745 -2606600
TSX Venture short positions
Short positions outstanding at May. 1/14 (with changes from Apr. 30/14).
Largest short positions
Everton Resources EVR 25930710 8976015
Red Pine Exploration  RPX 1545000 1039000
ATAC Resources  

ATC 1016452 4400
Gold Standard        GSV 1000400 749100
Yangarra Resources  YGR 985200 696000
Fission Uranium  FCU 960292 -1594750
Donner Metals          DON 795971 396231
Geomega Resources  GMA 615200 11500
Brazil Resources  BRI 518000 448000
Scorpio Gold  SGN 470500 466500
Arianne Phosphate  DAN 456500 52500
Fission 3.0        FUU 446600 -12526
Jet Gold          JAU 400000 280500
New Dimension         NDR 400000 400000
Golden Valley        GZZ 359500 351500
Largest increase in short position
Everton Resources  EVR 25930710 8976015
Red Pine Explr.  RPX 1545000 1039000
Gold Standard        GSV 1000400 749100
Yangarra Resources  YGR 985200 696000
Scorpio Gold         SGN 470500 466500
Largest decrease in short position
West Kirkland    WKM 0 -1922000
Fission Uranium  FCU 960292 -1594750
Red Eagle Mining  RD 5000 -1423000
Encanto Potash   EPO 0 -1176000
Parallel Mining  PAL 0 -922600
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