Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
 Tuesday, March 11 2014
Precious Metals Price (US$/oz.) Change
Gold $1,362.50 14.5
Silver $20.94 -0.31
Platinum $1,457.00 -24
Palladium $768.00 -9.5
     
Base Metals Price (US$/tonne) Change
Nickel $16,230.00 310
Lead $2,080.00 11.5
Copper $6,488.25 3
Zinc $1,983.75 13
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 17, 2014 (change from March 10, 2014 in brackets):
Aluminium Alloy 54760 0
Aluminium 5236475 (-49225)
Copper 253375 (-12075)
Lead 202075 (-1725)
Nickel 270810 (-390)
Tin 9105 (-100)
Zinc 794400 (+2025)

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$0.92/lb.
Coal: CME Group Central Appalachian Coal Futures
Apr. 2014: US$59.65; May 2014: US$59.75
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures Apr. 2014: US$2.925/lb.; Comex May 2014: $2.901/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/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.
Molybdenum Oxide: US$10.00/lb.
Rhodium: Mid-mkt US$1,081.09/tr. oz.
Ruthenium: Mid-mkt US$66.30/tr. oz.
Selenium: Mid-mkt US$30.00/lb.
Silver: Base: US$20.82; Fabricated: US$24.99; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$34.75/lb.; Uranium Exchange Co. spot price: US$34.85/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Mar. 19, 2014

Daily metal prices
Date 17-Mar 14-Mar 13-Mar 12-Mar 11-Mar
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1835/1865 1825/1860 1825/1860 1825/1860 1840/1875
Aluminum 1683.50/1727 1697.50/1738 1702.50/1745 1716/1758.50 1745.50/1788
Copper 6549.50/6540 6489.50/6466 6494.50/6460 6497/6469.50 6720/6688
Lead 2035/2052.50 2017/2036 2007/2032 2021.50/2046 2078/2105
Nickel 15860/15950 15800/15860 15720/15765 15665/15700 15630/15670
Tin 22875/22900 23090/23095 22775/22755 22950/22925 23250/23200
Zinc 1970.50/1976.50 1990/1983 1992/1988 2014.50/2005 2070/2050
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1379 1370 1371 1355.75 1348
Gold PM 1378.5 1385 1368.75 1366 1346.25
Silver 21.22 21.36 21.24 20.97 21.25
Platinum 1474 1478 1476 1473 1483
Palladium 772 780 776 772 778
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 17-Mar 14-Mar 13-Mar 12-Mar 11-Mar  
US$ in C$ 1.1052 1.1087 1.1057 1.1132 1.1085  
C$ in US$ 0.9048 0.902 0.9044 0.8983 0.9021  
             
EXCHANGE RATES (Bank of Canada, Mar 17, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0048 1.5392 0.01087 0.08375 0.103 1.8395
In US$ 0.9092 1.3927 0.00984 0.07578 0.0932 1.6644
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 17-Mar 14-Mar 13-Mar 12-Mar 11-Mar High Low
TSX Composite 14231.89 14227.66 14245.14 14319 14267.23 14335.52 11759.04
S&P/TSX-Ven Comp 1034.14 1033.64 1032.11 1046.39 1043.31 1116.94 859.31
S&P TSX 60 816.07 815.04 816.3 822.45 818.13 823.23 677.55
Global Gold 206.12 213.2 211.15 206.5 200.3 260.69 149.29
TSX Metals & Mining 772.04 762.6 763.07 772.53 776.15 942.45 662.2
Gold & Silver XAU 102.91 106.2 105.3 102.83 99.87 138.23 79.73
Amex Gold Bugs 248.7 258.27 256.92 249.09 242.4 399.29 188.39
TSX short positions
Short positions outstanding at Feb. 28/14 (with changes from Feb. 15/14).
Largest short positions
Lundin Mining LUN 61577313 -923703
New Gold  NGD 40524805 1694984
Kinross Gold  K 32600135 -3602219
Detour Gold  DGC 26016122 -266643
Eldorado Gold ELD 24045172 4312070
First Quantum  FM 21735942 -739160
Potash Corp. POT 20636514 -5648336
Yamana Gold  YRI 19939983 -496272
Tahoe Res.  THO 19618156 213808
Osisko Mining  OSK 17323181 -1.4E+07
B2gold   BTO 16986145 1147122
Thompson Creek  TCM 16385468 -555267
Cameco    CCO 15497050 1713361
Rubicon Min.  RMX 14053830 11187520
Goldcorp  G 13737692 842340
Largest increase in short position
Rubicon Min.  RMX 14053830 11187520
Eldorado Gold  ELD 24045172 4312070
Teck Resources  TCK.B 12351680 3646804
Silver Wheaton  SLW 12758061 2095271
Cameco CCO 15497050 1713361
Largest decrease in short position
Torex Gold  TXG 8294254 -2.4E+07
Torex Gold Wt  TXG.WT 0 -1.5E+07
Osisko Mining  OSK 17323181 -1.4E+07
Potash Corp. POT 20636514 -5648336
Kinross Gold  K 32600135 -3602219
TSX Venture short positions
Short positions outstanding at Feb. 28/14 (with changes from Feb. 15/14).
Largest short positions
Lomiko Metals         LMR 1845500 -881900
Graphite One       GPH 1008500 770000
Santacruz Silver  SCZ 751500 260800
Mindoro Resources  MIO 702200 702200
Aurcana           AUN 568138 30500
Everton Resources  EVR 557000 557000
Purepoint Uranium  PTU 488200 467000
Nexgen Energy          NXE 463500 463500
Fission 3.0          FUU 461132 -500
Metanor Resources  MTO 412600 400500
Tomagold             LOT 388000 -54000
Arianne Phosphate  DAN 349600 17900
Kincora Copper   KCC 336000 336000
Gold Standard           GSV 304500 246700
Pangolin Diamonds  PAN 300000 300000
Largest increase in short position
Graphite One          GPH 1008500 770000
Mindoro Resources MIO 702200 702200
Everton Resources  EVR 557000 557000
Purepoint Uranium  PTU 488200 467000
Nexgen Energy          NXE 463500 463500
Largest decrease in short position
Delta Gold            DLT 4000 -7784000
True Gold Mining  TGM 11945 -4421600
Lomiko Metals          LMR 1845500 -881900
Kombat Copper          KBT 0 -870000
Radisson Mining  RDS 0 -683000
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