Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, June 10 2014
Precious Metals Price (US$/oz.) Change
Gold $1,253.50 9.25
Silver $19.00 0.13
Platinum $1,462.00 26
Palladium $844.00 10
     
Base Metals Price (US$/tonne) Change
Nickel $18,700.00 -205
Lead $2,138.75 -3.5
Copper $6,678.75 8
Zinc $2,123.75 -7
LME warehouse levels
 Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 9, 2014 (change from June 2, 2014 in brackets):
Aluminium Alloy 38460 (-2080)
Aluminium 5152975 (-34100)
Copper 167250 (-3575)
Lead 190775 (+300)
Nickel 284712 (+600)
Tin 10795 (-55)
Zinc 698225 (-10200)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,600/t
Bismuth: Mid-mkt US$10.70/lb.
Cadmium 99.9: Mid-mkt US$0.90/lb.
Coal: CME Group Central Appalachian Coal Futures
July 2014: US$59.65; Aug. 2014: US$60.02
Cobalt 99.8: US$14.10/lb.
Copper: Comex Copper Futures July 2014: US$3.034/lb.; Comex Aug. 2014: $3.035/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Gallium: US$300/kg
Indium: NY Dealer Mid-mkt US$750.00/kg.
Iridium: Mid-mkt US$586.82/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$1,097.50/tr. oz.
Ruthenium: Mid-mkt US$71.36/tr. oz.
Selenium: Mid-mkt US$27.00/lb.
Silver: Base: US$19.21; Fabricated: US$23.05; Sterling: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$28.50/lb.; Uranium Exchange Co. spot price: US$28.50/lb.
Ferrovanadium: US$27.50/kg; Vanadium-Pentoxide: US$6.25/lb.
Prices current June 11, 2014

Daily metal prices
Date 9-Jun 6-Jun 5-Jun 4-Jun 3-Jun
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1969/1965 1960/1960 1980/2000 1910/1940 1969/1965
Aluminum 1870/1896.50 1816.50/1837 1828/1846 1796/1821 1870/1896.50
Copper 6667/6659 6660/6655 6799.50/6770 6834.50/6778 6667/6659.50
Lead 2104/2125 2062.50/2083.50 2079/2100 2092/2116 2104/2125
Nickel 18750/18830 18460/18500 19000/19090 18945/18950 18750/18830
Tin 23130/23145 23020/22950 23235/23270 23225/23225 23130/23145
Zinc 2128/2129 2069/2068 2093/2086.50 2080/2075 2128/2129
        &n
bsp;
 
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1255 1254 1244.75 1246 1244.25
Gold PM 1253.5 1247.5 1252.5 1245.25 1242.75
Silver 19.11 19.03 18.81 18.76 18.87
Platinum 1449 1453 1440 1422 1431
Palladium 844 840 839 833 834
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 9-Jun 6-Jun 5-Jun 4-Jun 3-Jun  
US$ in C$ 1.091 1.0936 1.0934 1.0937 1.0915  
C$ in US$ 0.9166 0.9144 0.9146 0.9143 0.9162  
             
EXCHANGE RATES (Bank of Canada, June 9, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0198 1.4826 0.01064 0.08399 0.1026 1.8326
In US$ 0.9347 1.3589 0.00975 0.07698 0.09404 1.6797
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 9-Jun 6-Jun 5-Jun 4-Jun 3-Jun High Low
TSX Composite 14837.15 14810.52 14809.4 14725.08 14675.33 14896.68 11759.04
S&P/TSX-Ven Comp 987.99 987.45 985.92 982.42 982.02 1050.26 859.31
S&P TSX 60 850.02 848.2 845.74 846.91 843.83 851.62 677.55
Global Gold 171 171.97 172.45 169.73 169.39 218.9 149.29
TSX Metals & Mining 839.72 841.5 857.5 859.57 861.93 893.52 662.2
Gold & Silver XAU 86.43 86.7 86.66 85.04 84.98 115.21 79.73
Amex Gold Bugs 207.66 208.53 208.56 205.63 205.95 283.23 188.39
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 Feb. 28/13 (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
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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