Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, April 23, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,417.25	39.25
Silver	$23.01	-0.46
Platinum	$1,416.00	-16
Base Metals	Price (US$/tonne)	Change
Nickel	$15,107.00	-170
Lead	$2,008.25	5
Copper	$6,815.00	-65
Zinc	$1,872.00	-3
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 22, 2013 (change from April 15, 2013 in brackets):
Aluminium Alloy	73880	(-1120)
Aluminium	5176850	(-15475)
Copper	613075	(+1900)
Lead	259850	(+825)
Nickel	173976	(+5214)
Tin	14485	(+80)
Zinc	1104775	(-26700)

PRODUCER AND DEALER PRICES

Antimony FOB China: Mid-mkt US$10,450.00/t
Bismuth: Mid-mkt US$9.35/lb.
Cadmium: Mid-mkt US$0.91/lb.
Coal: CME Group Central Appalachian Coal Futures
May 2013: US$57.55; June 2013: US$58.55
Cobalt: Recent trades US$11.75-12.20/lb.
Copper: Comex Copper Futures May 2013: US$3.093/lb.; Comex June 2013: $3.096/lb.
Germanium:US$1,650/kg.
Indium: NY Dealer Mid-mkt US$550.00/kg.
Iridium: Mid-mkt US$1,000.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum: Oxide, recent trades US$11.11-11.25/lb.
Rhenium:Mid-mkt N.A.
Rhodium: Mid-mkt US$1,160.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$39.50/lb.
Silver: Base: US$22.96; Fabricated: US$27.55; Sterling: US$21.29
Tin: US$9.40/lb.
Tungsten: APT Tungstate FOB China mid-mkt: US$350.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.25/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, US$5.25
Prices current Apr. 23, 2013

Daily metal prices
Date	22-Apr	19-Apr	18-Apr	17-Apr	16-Apr
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1785/1800	1780/1795	1785/1800	1760/1775	1785/1800
Aluminum	1840.50/1872	1871/1900	1873/1900.50	1855/1887	1860/1892
Copper	6874.50/6915.50	6974.50/7009	6962/6995	7065/7090	7218.50/7250
Lead	1997/2015	2007.50/2022	1997/2012	2012.50/2037	2037/2059
Tin	20715/20705	20990/20990	15385/15415	15325/15400	15725/15795
Zinc	1836/1874.50	1857/1894	20300/20300	20675/20745	21270/21275
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1425	1414	1397	1379	1378
Gold PM	1424.5	1405.5	1393.75	1392	1380
Silver	23.6	23.66	23.51	23.47	23.54
Platinum	1434	1425	1432	1436	1446
Palladium	683	677	670	671	681

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	22-Apr	19-Apr	18-Apr	17-Apr	16-Apr
US$ in C$	1.0263	1.0264	1.0255	1.0262	1.023
C$ in US$	0.9744	0.9743	0.9751	0.9745	0.9775
EXCHANGE RATES (Bank of Canada, April 22, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0524	1.3394	0.01034	0.08338	0.1109	1.5662
In US$	1.0254	1.3051	0.01008	0.08124	0.1081	1.5261

Canadian gold mutual funds
Fund name	Apr. 15	Apr. 8	Change	Change	YTD
	($)	($)	($)	(%)	(%)	MER*	Assets*
AGF Pr Mtl	19.61	23.69	-5.67	-23.9	-33.86	(%)	(M$)
Altamira Pr & Str Mtl	9.73	11.91	-5.71	-47.9	-33.94	2.56	698.9
BMO Junior Gold Index ETF	8.05	10.32	-2.78	4.3	-42.96	2.35	83.5
BMO Pr Mtl	14.81	17.86	-2.75	-15.4	-34.11	0.58	108.4
CIBC Pr Mtl	10.93	13.27	-4.62	-34.8	-35.52	2.29	133.6
Dynamic Can Pr Mtl	7.35	9.54	-6.43	-67.4	-42.35	2.4	141.8
London Life Pr Mtl (MX)	21.97	26.77	-8.38	-31.3	-35.12	1.65	811.6
Mackenzie Un Pr Mtl C$	10.49	12.77	-7.63	-59.7	-34.92	3.37	259.2
Middlefield Precious Metals	7.53	9.17	-12.38	-135	-36.7	2.44	569.9
Quadrus Mack Un Pr Mtl	12.08	14.7	-7.72	-52.5	-34.95	2.48	8.5
RBC Global Pr Mtl	26.54	32.1	-3.19	-9.9	-33.35	2.7	66.7
Sentry Pr Mtl Growth	32.06	40.4	2.76	6.8	-39.79	2.04	1380.4
Sprott Gold and Pr Minls	30.5	37.48	-11.45	-30.5	-38.22	2.75	731.5
Sprott Gold and Pr Minls F	32.38	39.77	-10.69	-26.9	-38.02	2.84	854
TD Pr Mtl	32.22	39.71	-7.05	-17.8	-33.15	1.78	n/a
TD Pr Mtl-A	6.81	8.38	-7.18	-85.7	-33.18	2.15	313.9
iShares Can Gold Sector Index	12.11	15.08	-5.17	-34.3	-35.74	2.31	n/a
Featured fund: Mackenzie Universal Precious Metals top holdings as of 01/31/13 (in weighted order): Rio Tinto. Goldcorp, AngloGold Ashanti, Tahoe Resources, Randgold Resources, Detour Gold, Eldorado Gold, Barrick Gold, Ivanplats. Fund manager: AngloGold Ashanti, Tahoe Resources, Randgold Resources, Detour Gold, Eldorado Gold, Barrick Gold, Ivanplats. Fund manager: Fred Sturm.

North American stock exchange indices
Date	22-Apr	19-Apr	18-Apr	17-Apr	16-Apr	High	Low
TSX Composite	12090.68	12065.55	11996.34	11947.29	12119.92	12904.71	11209.55
S&P/TSX-Ven Comp	944.35	939.07	932.94	923.6	960	1436.93	917.83
S&P TSX 60	692.69	691.79	687.76	685.83	694.72	742.39	637.7
Global Gold	195.65	191.84	189.16	184.12	192.37	355.92	182.95
TSX Metals &a mp; Mining	756.19	754.29	737.41	723.36	780.68	1053.69	719.37
Gold & Silver XAU	104.29	102.89	101.71	98.85	104.52	196.72	98.42
Amex Gold Bugs	272.41	268.41	264.28	257.2	271.05	529.8	256.2

TSX short positions
Short positions outstanding at Apr. 15/13 (with changes from Mar. 31/13).
Largest short positions
Lundin Mining	LUN	71453049	5385557
New Gold	NGD	54646988	72980
Osisko Mining	OSK	50305194	16690386
Kinross Gold	K	41758726	22568585
Dundee Precious	DPM	23910250	-230360
Yamana Gold	YRI	21190845	19700462
Thompson Creek	TCM	21184950	1066830
Turquoise Hill	TRQ	20834560	678682
Tahoe Resources	THO	17741221	1047268
Argonaut Gold	AR	12925630	87630
Barrick Gold	ABX	11216181	-1.2E+07
Silver Standard	SSO	11041618	4153734
Detour Gold	DGC	10573449	151710
Banro	BAA     9947017	3915143
Eldorado Gold	ELD	8741658	-9563491
Largest increase in short position
Kinross Gold	K	41758726	22568585
Yamana Gold	YRI	21190845	19700462
Osisko Mining	OSK	50305194	16690386
Silver Wheaton	SLW	8135287	6757550
HorizonS Gld Bull	HGU	5846850	5549896
Largest decrease in short position
Aurico Gold	AUQ	6991736	-1.6E+07
Barrick Gold	ABX	11216181	-1.2E+07
Eldorado Gold	ELD	8741658	-9563491
Agnico-Eagle	AEM	3613307	-644 2897
Iamgold	IMG	5755589	-6402747

TSX Venture short positions
Short positions outstanding at Apr. 15 (with changes from Mar. 30/13).
Largest short positions
Barkerville Gold	BGM	2456415	2200
New Guinea Gold	NGG	1350000	1350000
Great Western	GWG	1068935	407559
Alpha Minerals	AMW	911637	577188
Challenger Deep	CDE	832533	450311
Probe Mines	PRB	579400	-120800
Zenyatta Ventures	ZEN	561499	-15583
Argex Titanium	RGX	483593	67766
Big North Graphite	NRT	452000	329000
Energold Drilling	EGD	356700	35400
Fission Energy	FIS	294504	-13587
Unigold	UGD	282776	119750
Urastar Gold	URS	240000	240000
Orko Silver	OK	220000	201900
Focus Graphite	FMS	213499	52309
Largest increase in short position
New Guinea Gold	NGG	1350000	1350000
Alpha Minerals	AMW	911637	577188
Challenger Deep	CDE	832533	450311
Great Western	GWG	1068935	407559
Big North Graphite	NRT	452000	329000
Largest decrease in short position
Pacific Potash	PP	125000	-1133000
Cerro Resources	CJO	0	-500000
Aurcana	AUN	123500	-269472
Avanti Mining	AVT	100000	-265000
Galantas Gold	GAL	850	-250000