Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, June 4, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,405.25 26.25
Silver $22.51 0.15
Platinum $1,489.00 41
Palladium $751.00 18
     
Base Metals Price (US$/tonne) Change
Nickel $15,226.00 115
Lead $2,235.00 16
Copper $7,430.75 115
Zinc $1,952.25 11
     
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 3, 2013 (change from May 28, 2013 in brackets):
Aluminium Alloy 69060 (-1240)
Aluminium 5198375 (-14675)
Copper 617225 (-2425)
Lead 217000 (-13725)
Nickel 180072 (+702)
Tin 13910 (+15)
Zinc 1086350 (-9250)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,400.00/t
Bismuth: Mid-mkt US$9.30/lb.
Cadmium: Mid-mkt US$1.025/lb.
Coal: CME Group Central Appalachian Coal Futures
July 2013: US$61.08; Aug. 2013: US$61.45
Cobalt: US$14.00/lb.
Copper: Comex Copper Futures July 2013: US$3.352/lb.; Comex Aug. 2013: $3.365/lb.
Germanium: US$1,450/kg.
Indium: NY Dealer Mid-mkt US$560.00/kg.
Iridium: Mid-mkt US$975.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,850.00/t.
Manganese FOB China: Mid-mkt US$2,400.00/t.
Molybdenum Oxide: US$11.38/lb.
Rhenium: US$3,600/kg
Rhodium: Mid-mkt US$1,080.00/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$33/lb.
Silver: Base: US$22.83; Fabricated: US$27.40; Sterling: US$21.17
Tin: N.A.
Tungsten: APT Tungstate FOB China mid-mkt: US$360.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$40.50/lb.; Uranium Exchange Co. spot price: US$40.50
Ferrovanadium: US$28.50/kg; Vanadium-Pentoxide: US$5.75/lb.
Prices current June 4, 2013

Daily metal prices
Date 3-Jun 31-May 30-May 29-May 28-May
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1809/1830 1795/1815 1780/1800 1780/1800 1780/1800
Aluminum 1888/1919 1875/1903 1856/1889 1820.50/1857 1807.50/1843.50
Copper 7330/7365 7240/7270 7245/7285 7201/7235 7256.50/7299
Lead 2209.50/2207 2192.50/2186 2147/2145 2116.50/2113 2097.50/2098
Nickel 15025/15125 14630/14700 14625/14795 14775/14840 14825/14855
Tin 20995/21025 20820/20895 20880/20950 21000/21025 21145/21150
Zinc 1906/1940.50 1881.50/1913 1869/1903.50 1836.50/1873.50 1819.50/1856
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1396.75 1410.25 1406.25 1384.5 1379
Gold PM 1402.5 1394.5 1413.5 1382.5 1376.5
Silver 22.43 22.57 22.68 22.36 22.36
Platinum 1487 1459 1464 1455 1450
Palladium 755 744 754 747 733
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 3-Jun 31-May 30-May 29-May 28-May  
US$ in C$ 1.0291 1.0339 1.0309 1.037 1.0371  
C$ in US$ 0.9717 0.9672 0.97 0.9643 0.9642  
             
EXCHANGE RATES (Bank of Canada, June 3, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 1.0053 1.3478 0.01038 0.08047 0.1047 1.5795
In US$ 0.9769 1.3097 0.01009 0.07819 0.1017 1.5348

Canadian gold mutual funds
Fund name  June 3  May 27 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 20.49 18.43 -5.67 -30.8 -30.89 2.56 698.9
Altamira Pr & Str Mtl 10.51 9.07 -5.71 -63 -28.65 2.35 83.5
BMO Junior Gold Index ETF 8.73 7.22 -2.78 4.3 -38.1 0.58 108.4
BMO Pr Mtl 15.52 13.95 -2.75 -19.7 -30.96 2.29 133.6
CIBC Pr Mtl 11.03 9.91 -4.62 -46.6 -34.99 2.4 141.8
Dynamic Can Pr Mtl 7.4 6.58 -6.43 -97.7 -41.96 1.65 811.6
London Life Pr Mtl (MX) 22.39 20.18 -8.38 -41.5 -33.88 3.37 259.2
Mackenzie Un Pr Mtl C$ 10.71 9.64 -7.63 -79.1 -33.6 2.44 569.9
Middlefield Precious Metals 7.8 6.9 -12.38 -179.4 -34.52 2.48 8.5
Quadrus Mack Un Pr Mtl 12.32 11.1 -7.72 -69.5 -33.66 2.7 66.7
RBC Global Pr Mtl 27.81 24.55 -3.19 -13 -30.17 2.04 1380.4
Sentry Pr Mtl Growth 33.68 28.77 2.76 9.6 -36.75 2.75 731.5
Sprott Gold and Pr Minls 31.02 27.42 -11.45 -41.8 -37.17 2.84 854
Sprott Gold and Pr Minls F 32.98 29.14 -10.69 -36.7 -36.88 1.78 n/a
TD Pr Mtl 34.12 30.32 -7.05 -23.3 -29.21 2.15 313.9
TD Pr Mtl-A 7.21 6.41 -7.18 -112.1 -29.27 2.31 n/a
iShares Can Gold Sector Index 13.04 11.26 -5.17 -45.9 -30.79 0.55 1063.3
Featured fund: RBC Global Precious Metals top holdings as of 01/31/13 (in weighted order): Yamana Gold, Goldcorp, Silver Wheaton, B2Gold, Barrick Gold, Franco-Nevada, Agnico Eagle Mines, New Gold, Rio Alto Mining, Eldorado Gold. Fund manager: Chris Beer. 
North American stock exchange indices
            52-week
Date 3-Jun 31-May 30-May 29-May 28-May High Low
TSX Composite 12609.8 12650.42 12746.55 12732.61 12750.52 12904.71 11209.55
S&P/TSX-Ven Comp 969.06 962.41 960.74 953.71 954.41 1349.32 917.83
S&P TSX 60 722.1 726.27 732.59 732.55 732.77 742.39 637.7
Global Gold 208.53 205.48 205.64 195.87 188.59 355.92 180.2
TSX Metals & Mining 830.86 832.77 856.16 845.49 850.34 1050.76 719.37
Gold & Silver XAU 110.23 107.36 109.49 104.04 100.05 196.71 97.1
Amex Gold Bugs 289.89 274.55 278.82 263.66 253.14 529.8 244.62
TSX short positions
Short positions outstanding at May. 15/13 (with changes from Apr. 30/13).
       
Largest short positions
Lundin Mining LUN 68913359 1108786
New Gold  NGD 51026149 832186
Kinross Gold  K 48976154 19759869
Osisko Mining  OSK 43053287 -867961
Eldorado Gold  ELD 33163527 23856709
Yamana Gold  YRI 27397747 5494051
First Quantum  FM 27107633 15953070
Turquoise Hill  TRQ 27089245 923369
Dundee Prec.  DPM 23879200 -82006
Potash Corp. POT 20402111 12119269
Thompson Creek  TCM 20394776 -1054748
Tahoe Res. THO 18476117 -806126
Cameco   CCO 17731706 9987808
Teck Resources  TCK.B 12843074 6196549
Iamgold   IMG 12673298 4643010
Largest increase in short position
Eldorado Gold  ELD 33163527 23856709
Kinross Gold  K 48976154 19759869
First Quantum  FM 27107633 15953070
Potash Corp. POT 20402111 12119269
Cameco   CCO 17731706 9987808
Largest decrease in short position
Denison Mines  DML 1077292 -4754347
Barrick Gold  ABX 4358895 -4300028
Banro           BAA 2147354 -4115227
Silver Wheaton  SLW 4269001 -3888931
B2gold   BTO 7230610 -1826477
       
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TSX Venture short positions
Short positions outstanding at May 15/13 (with changes from Apr. 30/13).
       
Largest short positions
Barkerville Gold  BGM 2308815 -81400
Kilo Goldmines   KGL 2000000 1900679
Great Western         GWG 1372500 121400
Alpha Minerals   AMW 834697 -406000
Monarques          MQR 834000 834000
Northern Shield  NRN 683500 683500
Zenyatta Ventures  ZEN 535437 -17163
Aldrin Resource  ALN 526000 526000
Majestic Gold          MJS 523953 -87847
Nevada Sunrise   NEV 521000 521000
Pacific Potash   PP 504000 4000
Bitterroot Resources  BTT 400000 400000
Argex Titanium   RGX 395400 -5700
Avanti Mining    AVT 260000 260000
Unigold           UGD 257623 -10000
Largest increase in short position
Kilo Goldmines   KGL 2000000 1900679
Monarques          MQR 834000 834000
Northern Shield  NRN 683500 683500
Aldrin Resource  ALN 526000 526000
Nevada Sunrise   NEV 521000 521000
Largest decrease in short position
Ucore Rare Metals  UCU 208300 -1591200
Red Tiger Mining  RMN 972 -791374
Amseco            AEL 147 -595000
Alpha Minerals   AMW 834697 -406000
Robex Resources  RBX 0 -384000
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