Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, February 19, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,613.50	-28.25
Silver	$30.00	-0.84
Platinum	$1,695.00	3
Palladium	$766.00	11
Base Metals	Price (US$/tonne)	Change
Nickel	$17,431.00	-465
Lead	$2,383.25	-15.5
Copper	$8,051.50	-69
Zinc	$2,151.00	0

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, February 18, 2013 (change from February 11, 2013 in brackets):
Aluminium Alloy	85620	(-320)
Aluminium	5156820	(+6670)
Copper	404300	(+4525)
Lead	288425	(+425)
Nickel	153270	(-426)
Tin	13450	(+85)
Zinc	1191050	(+450)

Producer and dealer prices

Antimony: Mid-mkt US$11,800.00/t
Bismuth: Mid-mkt US$8.50/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
March 2013: US$59.43; April 2013: US$59.63
Cobalt: Recent trades US$11.50-12.70/lb.
Copper: Comex Copper Futures March 2013: US$3.60/lb.; Comex April 2013: $3.61/lb.
Indium: NY Dealer Mid-mkt US$492.50/kg.
Iridium: J. Matthey Base Mid-mkt US$1,000.00/tr. oz.
Magnesium: Mid-mkt US$2,950.00/t.
Manganese: Mid-mkt US$2,375.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.20-11.34/lb.
Rhodium: Mid-mkt US$1,200.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$28.66; Fabricated: US$34.39; Sterling: US$26.57
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$24.05/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00
per mtu
Uranium: U3O8, Trade Tech spot price: US$43.00/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.70-15.00
Prices current Feb. 20, 2013

Daily metal prices
Date	18-Feb	15-Feb	14-Feb	13-Feb	12-Feb
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1970/2000	1890/1920	1870/1900	1850/1880	1825/1850
Aluminum	2085.50/2130	2122.50/2165	2114/2159.50	2087/2130	2059/2099.50
Copper	8075/8111	8198/8235	8196.50/8234.50	8220.50/8260	8184/8215
Lead	2395/2416	2403.50/2414	2400/2410	2422/2434	2375/2386
Nickel	17930/18005	18230/18300	18285/18350	18275/18370	18280/18325
Tin	24695/24650	24900/24900	24775/24775	24900/24900	24920/24900
Zinc	2132.50/2167	2167.50/2189	2164.50/2192	2187/2213	2164/2190
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1611.25	1629.25	1644	1648	1641.75
Gold PM	1610.75	1612.25	1646	1645	4647.5
Silver	30	30.18	30.88	31.04	30.84
Platinum	1692	1676	1724	1730	1708
Palladium	759	754	770	773	765

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	18-Feb	15-Feb	14-Feb	13-Feb	12-Feb
US$ in C$	N/A	1.007	1.0008	1.002	1.0029
C$ in US$	N/A	0.993	0.9992	0.998	0.9971
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0376	1.3455	0.01075	0.07936	0.1137	1.5626
In US$	1.0304	1.3361	0.01068	0.07881	0.1129	1.5517

Canadian gold mutual funds
Fund name	Feb. 18	Feb. 11	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	25.87	28.11	-5.67	-20.2	-12.84	2.56	698.9
Altamira Pr & Str Mtl	12.79	13.88	-5.71	-41.1	-13.17	2.35	83.5
BMO Junior Gold Index ETF	11.56	12.85	-2.78	4.3	-18.07	0.58	108.4
BMO Pr Mtl	19.19	21.03	-2.75	-13.1	-14.63	2.29	133.6
CIBC Pr Mtl	14.4	15.8	-4.62	-29.2	-15.16	2.4	141.8
Dynamic Can Pr Mtl	10.04	11.31	-6.43	-56.9	-21.25	1.65	811.6
London Life Pr Mtl (MX)	29.24	31.62	-8.38	-26.5	-13.67	3.37	259.2
Mackenzie Un Pr Mtl C$	13.93	15.06	-7.63	-50.7	-13.56	2.44	569.9
Middlefield Precious Metals	9.96	10.88	-12.38	-113.8	-16.31	2.48	8.5
Quadrus Mack Un Pr Mtl	16.05	17.35	-7.72	-44.5	-13.59	2.7	66.7
RBC Global Pr Mtl	34.48	37.62	-3.19	-8.5	-13.42	2.04	1380.4
Sentry Pr Mtl Growth	44.7	49.52	2.76	5.6	-16.07	2.75	731.5
Sprott Gold and Pr Minls	42.17	46.34	-11.45	-24.7	-14.58	2.84	854
Sprott Gold and Pr Minls F	44.7	49.1	-10.69	-21.8	-14.45	1.78	n/a
TD Pr Mtl	43.07	46.3	-7.05	-15.2	-10.64	2.15	313.9
TD Pr Mtl-A	9.1	9.78	-7.18	-73.4	-10.67	2.31	n/a
iShares Can Gold Sector Index	16.43	17.53	-5.17	-29.5	-13.08	0.55	1063.3
Featured fund: BMO Precious Metals as of 01/31/13 (in weighted order): Barrick Gold, Perseus Mining, Silver Wheaton, Goldcorp, Franco-Nevada, Kinross Gold, Osisko Mining, Sandstorm Gold, Virginia Mines, Centerra Gold, Continental Gold, PMI Gold. Fund manager: Mark Serdan.

North American stock exchange indices
						52-week
Date	18-Feb	15-Feb	14-Feb	13-Feb	12-Feb	High	Low
TSX Composite	N/A	12778.83	12686.63	12721.79	12775.28	12895.28	11209.55
S&P/TSX-Ven Comp	N/A	1185.65	1196.56	1204.28	1198.94	1696.14	1153.9
S&P TSX 60	N/A	728	730.47	733.63	734.3	742.39	637.7
Global Gold	N/A	264.47	272.92	271.82	276.31	393.13	263.58
TSX Metals & Mining	N/A	965.51	978.13	977.03	975.11	1214.45	781.13
Gold & Silver XAU	N/A	143.9	148.82	148.36	150.62	204.12	140.94
Amex Gold Bugs	N/A	379.21	393.43	390.72	398.42	554.01	372.74

TSX short positions
Short positions outstanding at Jan. 31/12 (with changes from Jan. 15/13).
Largest short positions
Lundin Mining	LUN	63788662	2942485
New Gold	NGD	56147782	1186272
Kinross Gold	K	38283762	29610034
Osisko Mining	OSK	28489363	367716
Aurico Gold	AUQ	25244111	-2383114
Yamana Gold	YRI	24314792	12295359
Dundee Prec.	DPM	23293835	-391083
B2gold	BTO	22139573	2782674
Thompson Creek	TCM	18200933	210349
Cameco	CCO	18011503	11034137
Turquoise Hill	TRQ	17579212	-17603
Tahoe Res.	THO	16869594	88200
Iamgold	IMG	16098845	2132195
Teck Resources	TCK.B	12291621	1333947
Potash Corp	POT	12014634	9865014
Largest increase in short position
Kinross Gold	K	38283762	29610034
Yamana Gold	YRI	24314792	12295359
Cameco	CCO	18011503	11034137
Potash Corp	POT	12014634	9865014
Silver Wheaton	SLW	10537018	6921072
Largest decrease in short position
Uranium One	UUU	6447692	-2.1E+07
Barrick Gold	ABX	3742807	-1.1E+07
Aurizon Mines	ARZ	4374702	-2788300
Agnico-Eagle	AEM	3333727	-2452249
Aurico Gold	AUQ	25244111	-2383114

TSX Venture short positions
Short positions outstanding at Jan. 31/13 (with changes from Jan. 15/13).
Largest short positions
Barkerville Gold	BGM	2702117	39700
Probe Mines	PRB	1166785	-170462
Great Western Min	GWG	1089955	126800
Kaminak Gold	KAM	1080535	82864
Aurcana	AUN	1011531	204526
Fancamp Expl.	FNC	924000	813000
Malbex Resources	MBG	850000	720000
Calibre Mining	CXB	805190	801190
Raging River	RRX	782836	615299
Majestic Gold	MJS	761903	741044
Cerro Resources	CJO	500000	500000
Bear Creek Mining	BCM	464533	-2373
Mart Resources	MMT	405327	21725
Argex Titanium	RGX	391584	-19898
Oremex Silver	OAG	361680	177680
Largest increase in short position
Fancamp Exploration	FNC	924000	813000
Calibre Mining	CXB	805190	801190
Majestic Gold	MJS	761903	741044
Malbex Resources	MBG	850000	720000
Raging River	RRX	782836	615299
Largest decrease in short position
Orko Silver	OK	63214	-868654
Galway Metals	GWM	0	-836400
Rockridge Capital	RRC	1900	-832900
Brixton Metals	BBB	7166	-822834
Encanto Potash	EPO	142212	-663810