Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 1, 2014
Precious Metals Price (US$/oz.) Change
Gold $1,286.50 -28.25
Silver $19.80 -0.2
Platinum $1,424.00 -9
Palladium $771.00 -16.5
     
Base Metals Price (US$/tonne) Change
Nickel $16,020.00 125
Lead $2,047.00 -21
Copper $6,658.00 15
Zinc $1,972.25 -15
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 5381900 (-24775)
Copper 265175 (+1500)
Lead 200325 (-375)
Nickel 284694 (+1170)
Tin 9555 (+130)
Zinc 779600 (+3200)

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
May 2014: US$59.58; June 2014: US$60.45
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures May 2014: US$3.037/lb.; Comex June 2014: $3.034/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$541.82/tr. oz.
Magnesium FOB China: Mid-mkt US$2,800.00/t.
Manganese FOB China: Mid-mkt US$2400.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$10.50/lb.
Rhodium: Mid-mkt US$1,093.64/tr. oz.
Ruthenium: Mid-mkt US$68.14/tr. oz.
Selenium: Mid-mkt US$29.00/lb.
Silver: Base: US$19.81; Fabricated: US$23.77; Sterling: US$18.37
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$34.00/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current April 1, 2014

Daily metal prices
Date 31-Mar 28-Mar 27-Mar 26-Mar 25-Mar
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1890/1920 1900/1930 1900/1930 1885/1915 1860/1890
Aluminum 1730/1773 1709/1751.50 1682/1725 1705/1749.50 1716/1759.50
Copper 6635.50/6625 6666/6652 6580.50/6569 6554.50/6550 6559/6559
Lead 2040/2066 2057.50/2078 2043/2063 2064.50/2088.50 2058.50/2086.50
Nickel 15730/15760 15765/15800 15665/15705 15950/16045 16215/16280
Tin 23020/22950 23025/22925 23025/23075 23270/23175 23225/23150
Zinc 1980/1992.50 1980/1989 1965.50/1974.50 1980.50/1991 1966.50/1975
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1294 1295.75 1295 1314.5 1314.75
Gold PM 1291.75 1294.75 1296 1304 1313.5
Silver 19.97 19.71 19.68 20.03 20
Platinum 1418 1401 1404 1411 1432
Palladium 778 771 766 782 789
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 31-Mar 28-Mar 27-Mar 26-Mar 25-Mar  
US$ in C$ 1.1053 1.1064 1.1057 1.1143 1.1176  
C$ in US$ 0.9047 0.9038 0.9044 0.8974 0.8948  
             
EXCHANGE RATES (Bank of Canada, Mar 31, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.025 1.5227 0.01073 0.08465 0.105 1.843
In US$ 0.9274 1.3776 0.00971 0.07659 0.095 1.6674
Canadian gold mutual funds
Fund name  Mar. 31  Mar. 24  Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.94 22.07 -2.13 -0.097 18.25 2.56 698.9
Altamira Pr & Str Mtl 9.99 11.4 -1.41 -0.124 16.84 2.35 83.5
BMO Junior Gold Index ETF 7.41 8.62 -1.21 -0.14 20.41 0.58 108.4
BMO Pr Mtl 15.23 17.1 -1.87 -0.109 17.21 2.29 133.6
CIBC Pr Mtl 10.99 12.29 -1.3 -0.106 19.79 2.4 141.8
Dynamic Can Pr Mtl 6.68 7.52 -0.84 -0.112 23.93 1.65 811.6
London Life Precious Mtl 21.66 24.3 -2.64 -0.109 24.74 3.37 259.2
Middlefield Precious Metals 7.03 8.02 -0.99 -0.123 20.6 2.48 8.5
RBC Global Pr Mtl 25.91 29.29 -3.38 -0.115 16.2 2.04 1380.4
Sentry Pr Mtl Growth 32.79 37.5 -4.71 -0.126 26.78 2.75 731.5
Sprott Gold and Pr Minls 29.43 33.7 -4.27 -0.127 21.77 2.84 854
Sprott Gold and Pr Minls F 31.53 36.08 -4.55 -0.126 22.09 1.78 n/a
TD Pr Mtl 32.3 35.78 -3.48 -0.097 14.46 2.15 313.9
TD Pr Mtl-A 6.81 7.55 -0.74 -0.098 14.4 2.31 n/a
iShares TSX Global Gold Index 11.31 12.87 -1.57 -0.122 16.18 0.55 802.1
Featured fund: Dynamic Precious Metals top holdings as of 09/30/13 (in weighted order): Alamos Gold, Regis Resources, Torex Gold, Osisko Mining, Goldcorp, Detour Gold, Papillon Resources, Belo Sun Mining, Fresnillo. Fund manager: Robert Cohen.
North American stock exchange indices
            52-week
Date 31-Mar 28-Mar 27-Mar 26-Mar 25-Mar High Low
TSX Composite 14335.31 14260.72 14178.84 14184.1 14299.49 14406.86 11759.04
S&P/TSX-Ven Comp 994.56 989.75 985.35 1003.25 1018.26 1101.37 859.31
S&P TSX 60 820.51 816.54 811.65 812.62 819.85 826.77 677.55
Global Gold 180.86 185.65 182.26 181.65 190.12 255.12 149.29
TSX Metals & Mining 798.28 798.09 784.77 783.69 799.
86
888.1 662.2
Gold & Silver XAU 91.2 93.36 91.82 90.82 94.52 133.36 79.73
Amex Gold Bugs 219.17 224.81 221.28 219.52 228.02 349.04 188.39
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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