Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 15 2014    
Precious Metals Price (US$/oz.) Change
Gold $1,311.50 -3.25
Silver $19.77 -0.38
Platinum $1,449.00 12
Palladium $796.00 21
     
Base Metals Price (US$/tonne) Change
Nickel $17,710.00 -130
Lead $2,108.00 -12
Copper $6,556.00 -126
Zinc $2,048.25 -8.5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 14, 2014 (change from April 7, 2014 in brackets):
Aluminium Alloy 54560 (-20)
Aluminium 5344275 (-11400)
Copper 244950 (-9625)
Lead 202400 (+375)
Nickel 279966 (-1044)
Tin 9460 (-35)
Zinc 811225 (-16150)

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
May 2014: US$60.65; June 2014: US$60.70
Cobalt 99.8: US$15.50/lb.
Copper: Comex Copper Futures May 2014: US$2.994/lb.; Comex June 2014: $2.995/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$564.09/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$1,129.32/tr. oz.
Ruthenium: Mid-mkt US$70.50/tr. oz.
Selenium: Mid-mkt US$27.00/lb.
Silver: Base: US$19.55; Fabricated: US$23.46; Sterling: US$18.13
Tungsten: APT Tungstate FOB China mid-mkt: US$375.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$33.75/lb.; Uranium Exchange Co. spot price: US$33.00/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current April 15, 2014

Daily metal prices
Date 14-Apr 11-Apr 10-Apr 9-Apr 8-Apr
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1920/1950 1865/1900 1890/1920 1885/1915 1900/1935
Aluminum 1833/1871 1840/1872 1853/1882 1791/1822.50 1784.50/1815
Copper 6644.50/6635 6685/6690 6637/6626 6630/6625 6651/6649
Lead 2074/2099.50 2104/2125 2087/2102 2070/2085 2039.50/2056
Nickel 17730/17760 17390/17440 17025/17120 16495/16500 16400/16440
Tin 23485/23325 23580/23550 23325/23325 23345/23295 23200/23175
Zinc 2032/2046 2036/2047 2033/2043 2023/2033 2000/2010
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1324.5 1317.25 1321.5 1309.75 1314.75
Gold PM 1325.75 1318 1320.5 1301.75 1309.5
Silver 19.74 20.09 20.24 19.89 20.15
Platinum 1466 1454 1455 1435 1437
Palladium 813 794 790 775 775
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 14-Apr 11-Apr 10-Apr 9-Apr 8-Apr  
US$ in C$ 1.097 1.096 1.0912 1.0903 1.0922  
C$ in US$ 0.9116 0.9124 0.9164 0.9172 0.9156  
             
EXCHANGE RATES (Bank of Canada, Apr 14, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0319 1.5165 0.01077 0.08405 0.1044 1.8364
In US$ 0.9407 1.3824 0.00982 0.07662 0.09517 1.674
Canadian gold mutual funds
Fund name  Apr. 14  Apr. 7 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.81 20.17 -0.36 -0.018 17.36 2.56 698.9
Altamira Pr & Str Mtl 9.92 10.17 -0.25 -0.025 16.02 2.35 83.5
BMO Junior Gold Index ETF 7.34 7.58 -0.24 -0.032 19.28 0.58 108.4
BMO Pr Mtl 14.87 15.38 -0.51 -0.033 14.38 2.29 133.6
CIBC Pr Mtl 10.92 11.09 -0.17 -0.015 19.12 2.4 141.8
Dynamic Can Pr Mtl 6.8 6.84 -0.04 -0.006 26.16 1.65 811.6
London Life Precious Mtl 21.99 22.09 -0.1 -0.005 26.67 3.37 259.2
Middlefield Precious Metals 6.99 7.13 -0.14 -0.02 19.76 2.48 8.5
RBC Global Pr Mtl 25.67 26.3 -0.63 -0.024 15.12 2.04 1380.4
Sentry Pr Mtl Growth 32.58 33.62 -1.04 -0.031 25.97 2.75 731.5
Sprott Gold and Pr Minls 29.16 30.02 -0.86 -0.029 20.66 2.84 854
Sprott Gold and Pr Minls F 31.25 32.17 -0.92 -0.029 21.03 1.78 n/a
TD Pr Mtl 32.49 32.81 -0.32 -0.01 15.13 2.15 313.9
TD Pr Mtl-A 6.85 6.92 -0.07 -0.01 15.09 2.31 n/a
iShares TSX Global Gold Index 11.38 11.53 -0.15 -0.013 17.02 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 14-Apr 11-Apr 10-Apr 9-Apr 8-Apr High Low
TSX Composite 14284.43 14257.69 14308 14435.58 14372.45 14474.65 11759.04
S&P/TSX-Ven Comp 996.01 997.77 993.69 1003.37 998.79 1050.26 859.31
S&P TSX 60 814.44 813.29 816.03 823.7 820.47 827.89 677.55
Global Gold 186.38 184.19 186.31 189.05 188.75 218.9 149.29
TSX Metals & Mining 833.05 814.81 815.93 822.14 814.88 876.29 662.2
Gold & Silver XAU 93.83 92.55 94.19 95.78 95.2 115.21 79.73
Amex Gold Bugs 228.94 225.57 228.97 233.09 231.57 293.47 188.39
TSX short positions
Short positions outstanding at Mar. 31/14 (with changes from Mar. 15/14).
Largest short positions
Lundin Mining         LUN 61298561 1029488
New Gold          NGD 39746779 934894
Barrick Gold     ABX 32423380 22208533
Kinross Gold       K 28073150 5379230
Detour Gold       DGC 22480680 -1157743
Potash Corp.      POT 19059876 -1066593
Tahoe Resources  THO 18731371 -291142
B2gold            BTO 17605092 -994161
Thompson Creek          TCM 15084868 -911007
Eldorado Gold       ELD 12681868 557678
Dundee Precious  DPM 11769300 -153855
Argonaut Gold       AR 11511273 371805
First Majestic   FR 10617745 -85313
Silver Standard  SSO 8764698 -85065
Osisko Mining          OSK 8629018 -8617230
Largest increase in short position
Barrick Gold           ABX 32423380 22208533
Kinross Gold          K 28073150 5379230
North Am. Palladium PDL 7240406 3609446
Mbac Fertilizer  MBC 1718220 1490056
Lundin Mining           LUN 61298561 1029488
Largest decrease in short position
Endeavour Mining  EDV 917793 -16860330
Yamana Gold        YRI 6991331 -8623302
Osisko Mining          OSK 8629018 -8617230
First Quantum          FM 3797544 -8560217
Entree Gold         ETG 1200 -8037265
TSX Venture short positions
Short positions outstanding at Mar. 31/14 (with changes from Mar. 15/14). 
Largest short positions
Everton Resources  EVR 5984010 5984010
Fission Uranium  FCU 1992592 -10675220
Nemaska Lithium  NMX 1090000 664500
Atac Resources   ATC 784552 490000
Ucore Rare Metals  UCU 502500 302500
Geomega Resources. GMA 479700 351600
Fission 3.0          FUU 460326 -1500
Arianne Phosphate  DAN 407100 31900
Zenyatta Ventures ZEN 254198 -10300
Gold Standard          GSV 250100 100
Coventry Resources  CYY 227800 227800
Arena Minerals     AN 210346 210346
Highbank Resources  HBK 200000 200000
NWM Mining          NWM 200000 200000
Goldrock Mines   GRM 196300 193000
Largest increase in short position
Everton Resources  EVR 5984010 5984010
Nemaska Lithium  NMX 1090000 664500
ATAC Resources   ATC 784552 490000
Geomega Resources  GMA 479700 351600
Ucore Rare Metals  UCU 502500 302500
Largest decrease in short position
Fission Uranium  FCU 1992592 -10675220
Constantine Metal  CEM 8300 -5078940
Lomiko Metals          LMR 0 -2648500
Explor Resources  EXS 0 -2081892
Graphite One        GPH 0 -1802500
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