Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, June 3 2014    
Precious Metals Price (US$/oz.) Change
Gold $1,244.25 -38.75
Silver $18.87 -0.38
Platinum $1,436.00 -37
Palladium $834.00 3
     
Base Metals Price (US$/tonne) Change
Nickel $19,037.00 -275
Lead $2,131.00 13
Copper $6,865.50 -64.5
Zinc $2,088.50 5
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 2, 2014 (change from May 26, 2014 in brackets):
Aluminium Alloy 42320 (-2600)
Aluminium 5194425 (-36175)
Copper 171350 (-4500)
Lead 190475 (-1800)
Nickel 284436 (+4032)
Tin 10865 (+105)
Zinc 711900 (-16525)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,500/t
Bismuth: Mid-mkt US$10.60/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
July 2014: US$60.00; Aug. 2014: US$60.55
Cobalt 99.8: US$14.15/lb.
Copper: Comex Copper Futures July 2014: US$3.139/lb.; Comex Aug. 2014: $3.129/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Gallium: US$300/kg
Indium: NY Dealer Mid-mkt US$745.00/kg.
Iridium: Mid-mkt US$581.50/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,250.00/t.
Mercury (flask): US$3,300
Molybdenum Oxide: US$15.25/lb.
Rhodium: Mid-mkt US$1,079.00/tr. oz.
Ruthenium: Mid-mkt US$71.90/tr. oz.
Selenium: Mid-mkt US$27.00/lb.
Silver: Base: US$18.76; Fabricated: US$22.50; 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$28.25/lb.
Ferrovanadium: US$27.50/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current June 3, 2014

Daily metal prices
Date 2-Jun 30-May 29-May 28-May 27-May
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1905/1930 1970/2010 1970/2000 1980/2000 1930/1960
Aluminum 1816/1849.50 1823/1855.50 1784/1820 1801/1841.50 1777/1818.50
Copper 7002.50/6922 6995/6905 6968/6875 7030/6940 7015/6920
Lead 2088/2114.50 2084/2108 2074.50/2101 2116/2143 2119.50/2140
Nickel 19400/19430 19300/19275 18740/18820 19510/19480 19625/19655
Tin 23400/23450 23500/23475 23350/23350 23350/23375 23350/23345
Zinc 2080/2075 2073/2068 2046.50/2046 2089/2083 2081/2083
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1244.75 1254 1254 1265.25 1283
Gold PM 1247.25 1250.5 1255 1263.5 1275.5
Silver 18.81 19 18.85 19.13 19.25
Platinum 1437 1464 1447 1455 1467
Palladium 833 836 830 838 834
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 2-Jun 30-May 29-May 28-May 27-May  
US$ in C$ 1.0895 1.0867 1.0837 1.0867 1.0869  
C$ in US$ 0.9179 0.9202 0.9228 0.9202 0.92  
             
EXCHANGE RATES (Bank of Canada, June 2, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0076 1.4823 0.01065 0.08438 0.102 1.8255
In US$ 0.9248 1.3605 0.00978 0.07745 0.09362 1.6755
Canadian gold mutual funds
Fund name  May 26  May 16 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 19 19.22 -0.22 -0.011 12.56 2.56 698.9
Altamira Pr & Str Mtl 9.56 9.85 -0.29 -0.029 11.81 2.35 83.5
BMO Junior Gold Index ETF 6.88 7.08 -0.2 -0.028 11.94 0.58 108.4
BMO Pr Mtl 14.28 14.58 -0.3 -0.021 9.87 2.29 133.6
CIBC Pr Mtl 10.44 10.77 -0.33 -0.031 13.89 2.4 141.8
Dynamic Can Pr Mtl 6.73 6.78 -0.05 -0.007 24.86 1.65 811.6
London Life Precious Mtl 20.89 21.6 -0.71 -0.033 20.29 3.37 259.2
Middlefield Precious Metals 6.78 6.92 -0.14 -0.02 16.19 2.48 8.5
RBC Global Pr Mtl 24.63 25.37 -0.74 -0.029 10.46 2.04 1380.4
Sentry Pr Mtl Growth 30.96 32.3 -1.34 -0.041 19.72 2.75 731.5
Sprott Gold and Pr Minls 27.64 28.55 -0.91 -0.032 14.36 2.84 854
Sprott Gold and Pr Minls F 29.66 30.63 -0.97 -0.032 14.85 1.78 n/a
TD Pr Mtl 31.15 31.96 -0.81 -0.025 10.38 2.15 313.9
TD Pr Mtl-A 6.57 6.74 -0.17 -0.025 10.31 2.31 n/a
iShares TSX Global Gold Index 10.57 11.04 -0.47 -0.043 8.69 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 2-Jun 30-May 29-May 28-May 27-May High Low
TSX Composite 14680.76 14604.16 14588.95 14610.96 14658.02 14765.15 11759.04
S&P/TSX-Ven Comp 978.47 983.99 981.52 983.58 985.73 1050.26 859.31
S&P TSX 60 840.8 836.6 835.15 836.73 840 846.76 677.55
Global Gold 168.87 169.97 167.48 166.75 169.45 218.9 149.29
TSX Metals & Mining 863.82 851.33 861.24 866.81 887.56 893.52 662.2
Gold & Silver XAU 84.63 85.06 84.43 83.64 85.09 115.21 79.73
Amex Gold Bugs 204.92 206.15 204.15 203.5 207.28 283.23 188.39
TSX short positions
Short positions outstanding at May. 15/14 (with changes from Apr. 30/14).
Largest short positions
Lundin Mining LUN 59842283 256316
Kinross Gold  K 43417307 3012909
New Gold  NGD 37112216 -1335235
Potash Corp. POT 28004350 880251
Yamana Gold  YRI 24243770 1755569
Detour Gold  DGC 23868659 515942
Tahoe Res.  THO 18652483 -214436
First Quantum  FM 18451232 3158679
Eldorado Gold  ELD 17454662 1479595
B2gold  BTO 16786357 -1096290
Thompson Creek  TCM 13705043 197800
Cameco  CCO 13542012 2324071
Argonaut Gold  AR 11847509 3185
Dundee Prec. DPM 11530041 -965200
Teck Resources  TCK.B 11207088 -3415567
Largest increase in short position
First Quantum  FM 18451232 3158679
Kinross Gold  K 43417307 3012909
Stornoway  SWY 2960100 2503600
Cameco   CCO 13542012 2324071
Marengo Mining  MRN 2201000 2201000
Largest decrease in short position
Transglobe  TGL 1383430 -9134591
Teck Resources  TCK.B 11207088 -3415567
Osisko Mining  OSK 2587222 -2829155
Silver Wheaton  SLW 1748811 -1979167
Rubicon Min. RMX 2667375 -1443435

TSX Venture short positions
Short positions outstanding at May. 15/14 (with changes from Apr. 30/14).
Largest short positions
Everton Resources  EVR 36998395 11067685
Donner Metals     DON 1423050 627079
Atac Resources   ATC 980852 -35600
Minaurum Gold    MGG 776500 700000
Cadan Resources  CXD 460000 460000
Arianne Phosphate  DAN 423000 -33500
Probe Mines      PRB 338131 174000
Png Gold         PGK 325000 325000
Touchstone Explr. TAB 299000 299000
Jet Gold         JAU 290500 -109500
Zenyatta Ventures  ZEN 255498 100
Gold Standard     GSV 250400 -750000
Mega Precious    MGP 231000 229500
Fission Uranium  FCU 225792 -734500
Bear Creek       BCM 220500 140800
Largest increase in short position
Everton Res.  EVR 36998395 11067685
Minaurum Gold  MGG 776500 700000
Donner Metals  DON 1423050 627079
Cadan Resources CXD 460000 460000
PNG Gold  PGK 325000 325000
Largest decrease in short position
Red Pine          RPX 162000 -1383000
Gold Standard     GSV 250400 -750000
Fission Uranium  FCU 225792 -734500
Brazil Resources  BRI 500 -517500
Scorpio Gold      SGN 500 -470000
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