Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, May 13 2014    
Precious Metals Price (US$/oz.) Change
Gold $1,292.75 -15.75
Silver $19.44 -0.2
Platinum $1,443.00 -5
Palladium $807.00 -7
     
Base Metals Price (US$/tonne) Change
Nickel $20,890.00 75
Lead $2,117.00 -3.5
Copper $6,837.75 -34
Zinc $2,062.00 -16
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 9, 2014 (change from May 2, 2014 in brackets):
Aluminium Alloy 54340 (-100)
Aluminium 5313300 (-34450)
Copper 208328 (-21475)
Lead 193475 (-400)
Nickel 278130 (-1398)
Tin 9505 (-35)
Zinc 761175 (-6625)

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$63.73; July 2014: US$64.72
Cobalt 99.8: US$14.15/lb.
Copper: Comex Copper Futures June 2014: US$3.166/lb.; Comex July 2014: $3.160/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$1,082.25/tr. oz.
Ruthenium: Mid-mkt US$72.00/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$19.55; Fabricated: US$23.45; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$370.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$29.00/lb.; Uranium Exchange Co. spot price: US$29.00/lb.
Ferrovanadium: US$27.50/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current May 14, 2014

Daily metal prices
Date 12-May 9-May 8-May 7-May 6-May
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1890/1920 1890/1920 1899/1935 1855/1890 1860/1890
Aluminum 1739/1783.50 1717.50/1761.50 1717/1760.50 1728/1773 1749/1791.50
Copper 6926/6877 6768/6724 6690/6657 6687.50/6658 6739/6699
Lead 2092.50/2113 2080.50/2098 2062/2083.50 2081.50/2102 2090/2110
Nickel 20845/20845 20095/20125 19380/19405 18570/18620 18450/18520
Tin 23300/23150 23250/23145 23225/23195 23245/23190 23200/23150
Zinc 2062/2071 23250/23145 2019.50/2027 2048.50/2052 2050/2050
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1292.75 1289 1291.25 1311 1308.5
Gold PM 1298.75 1291.25 1287 1296 1306.25
Silver 19.46 19.25 19.25 19.64 19.64
Platinum 1431 1431 1437 1452 1448
Palladium 807 804 805 810 817
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 12-May 9-May 8-May 7-May 6-May  
US$ in C$ 1.0887 1.09 1.0858 1.0896 1.089  
C$ in US$ 0.9185 0.9174 0.921 0.9178 0.9183  
             
EXCHANGE RATES (Bank of Canada, May 12, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0204 1.4933 0.01066 0.08426 0.1055 1.834
In US$ 0.9363 1.3759 0.00979 0.07717 0.09645 1.687
Canadian gold mutual funds
Fund name  May 12  May 5 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19.53 20.08 -0.55 -0.027 15.7 2.56 698.9
Altamira Pr & Str Mtl 10.03 10.26 -0.23 -0.022 17.31 2.35 83.5
BMO Junior Gold Index ETF 7.23 7.57 -0.34 -0.045 17.63 0.58 108.4
BMO Pr Mtl 14.72 15.08 -0.36 -0.024 13.26 2.29 133.6
CIBC
Pr Mtl
10.94 11.19 -0.25 -0.022 19.27 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 21.89 22.63 -0.74 -0.033 26.05 3.37 259.2
Middlefield Precious Metals 7.01 7.22 -0.21 -0.029 20.25 2.48 8.5
RBC Global Pr Mtl 25.72 26.36 -0.64 -0.024 15.36 2.04 1380.4
Sentry Pr Mtl Growth 32.73 34.03 -1.3 -0.038 26.56 2.75 731.5
Sprott Gold and Pr Minls 28.91 29.93 -1.02 -0.034 19.6 2.84 854
Sprott Gold and Pr Minls F 31 32.09 -1.09 -0.034 20.06 1.78 n/a
TD Pr Mtl 32.39 33.22 -0.83 -0.025 14.78 2.15 313.9
TD Pr Mtl-A 6.83 7.01 -0.18 -0.026 14.71 2.31 n/a
iShares TSX Global Gold Index 11.25 11.58 -0.33 -0.028 15.64 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 12-May 9-May 8-May 7-May 6-May High Low
TSX Composite 14654.94 14534.06 14546.06 14656.4 14612.29 14765.15 11759.04
S&P/TSX-Ven Comp 988.26 991.1 992.01 1001.04 1005.62 1050.26 859.31
S&P TSX 60 837.67 830.65 830.71 835.82 833.02 843.05 677.55
Global Gold 181.51 179.7 179.37 180.66 184.07 218.9 149.29
TSX Metals & Mining 873.89 841.18 837.65 829.3
5
840.51 876.29 662.2
Gold & Silver XAU 90.63 89.38 89.91 90.03 92 196.71 82.29
Amex Gold Bugs 222.17 219.46 221.06 220.93 225.83 284.21 188.39
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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