Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, July 9, 2013    
Precious Metals Price (US$/oz.) Change
Gold $1,252.00 -8.75
Silver $19.10 -0.52
Platinum $1,368.00 -12
Palladium $702.00 16
     
Base Metals Price (US$/tonne) Change
Nickel $13,413.00 -14
Lead $2,043.25 -27
Copper $6,744.75 -82.75
Zinc $1,870.25 -9.75
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 8, 2013 (change from July 1, 2013 in brackets):
Aluminium Alloy 68100 (-940)
Aluminium 5419875 (-30300)
Copper 656600 (-5675)
Lead 196175 (-2025)
Nickel 193578 (+5862)
Tin 14430 (+140)
Zinc 1030325 (-25750)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900.00/t
Bismuth: Mid-mkt US$9.00/lb.
Cadmium 99.9: Mid-mkt US$1.05/lb.
Coal: CME Group Central Appalachian Coal Futures
Aug. 2013: US$54.98; Sept. 2013: US$55.37
Cobalt 99.8: US$15.25/lb.
Copper: Comex Copper Futures Aug. 2013: US$3.071/lb.; Comex Sept. 2013: $3.067/lb.
Germanium: US$1,750/kg.
Indium: NY Dealer Mid-mkt US$560.00/kg.
Iridium: Mid-mkt US$940.91/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$10.75/lb.
Rhodium: Mid-mkt US$1,021.82/tr. oz.
Ruthenium: Mid-mkt US$85.00/tr. oz.
Selenium: Mid-mkt US$32.00/lb.
Silver: Base: US$19.19; Fabricated: US$23.03; Sterling: US$17.80
Tungsten: APT Tungstate FOB China mid-mkt: US$400.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$39.55/lb.; Uranium Exchange Co. spot price: US$39.50/lb.
Ferrovanadium: US$28.00/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current July 9, 2013

Daily metal prices
Date 8-Jul 5-Jul 4-Jul 3-Jul 2-Jul
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1770/1800 1780/1810 1800/1835 1800/1835 N/A
Aluminum 1736/1783 1742.50/1786 1767/1808.50 1774/1817 N/A
Copper 6764.50/6778 6820/6841.50 6920/6925 6921/6920 N/A
Lead 2031.50/2048 2035/2045 2067/2074 2057.50/2070 N/A
Nickel 13320/13425 13525/13600 13680/13770 13800/13860 N/A
Tin 19295/19340 19695/19725 20000/20050 20090/20095 N/A
Zinc 1818.50/1858 1805/1838 1840/1866 1851/1876.50 N/A
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1225.5 1232.75 1249.5 1246 1260.75
Gold PM 1235.25 1212.75 1251.75 1250 1252.5
Silver 19.16 19.32 19.57 19.55 19.62
Platinum 1355 1327 1339 1361 1375
Palladium 697 669 680 684 687
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 8-Jul 5-Jul 4-Jul 3-Jul 2-Jul  
US$ in C$ 1.0576 1.0568 1.0513 1.0523 1.053  
C$ in US$ 0.9455 0.9463 0.9512 0.9503 0.9497  
             
EXCHANGE RATES (Bank of Canada, July 8, 2013)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9637 1.3604 0.01046 0.0817 0.1037 1.5792
In US$ 0.9112 1.2863 0.00989 0.07725 0.09805 1.4932
Canadian gold mutual funds
Fund name  July 8  July 2 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 17.16 17.26 -5.67 -32.9 -42.12 2.56 698.9
Altamira Pr & Str Mtl 8.43 8.64 -5.71 -66.1 -42.77 2.35 83.5
BMO Junior Gold Index ETF 6.94 7.06 -2.78 4.3 -50.8 0.58 108.4
BMO Pr Mtl 13.04 13.15 -2.75 -20.9 -41.96 2.29 133.6
CIBC Pr Mtl 9.21 9.2 -4.62 -50.2 -45.71 2.4 141.8
Dynamic Can Pr Mtl 5.73 5.63 -6.43 -114.2 -55.06 1.65 811.6
London Life Pr Mtl (MX) 17.61 17.74 -8.38 -47.2 -48.01 3.37 259.2
Mackenzie Un Pr Mtl C$ 8.42 8.48 -7.63 -90 -47.75 2.44 569.9
Middlefield Precious Metals 6.48 6.54 -12.38 -189.3 -45.58 2.48 8.5
Quadrus Mack Un Pr Mtl 9.69 9.76 -7.72 -79.1 -47.8 2.7 66.7
RBC Global Pr Mtl 22.42 22.77 -3.19 -14 -43.69 2.04 1380.4
Sentry Pr Mtl Growth 26.19 26.47 2.76 10.4 -50.81 2.75 731.5
Sprott Gold and Pr Minls 24.43 25.22 -11.45 -45.4 -50.38 2.84 854
Sprott Gold and Pr Minls F 26.04 26.8 -10.69 -39.9 -50.16 1.78 n/a
TD Pr Mtl 27.32 28.1 -7.05 -25.1 -43.32 2.15 313.9
TD Pr Mtl-A 5.76 5.93 -7.18 -121.1 -43.37 2.31 n/a
iShares Can Gold Sector Index 10.04 10.63 -5.17 -48.6 -46.39 0.55 1063.3
Featured fund: Sentry Precious Metals top holdings as of 01/31/13 (in weighted order): Allied Nevada Gold, Rio Alto Mining, Argonaut Gold, AuRico Gold, Semafo, B2Gold, Sandstorm Gold, Alamos Gold, Osisko Mining, Silver Wheaton. Fund manager: Kevin MacLean.
TSX short positions
Short positions outstanding at June 31/13 (with changes from June 15/13).
       
Largest short positions
Lundin Mining    LUN 71294110 480140
New Gold         NGD 55406738 3369677
Osisko Mining     OSK 40949157 -1524434
Barrick Gold     ABX 37241403 8449791
Kinross Gold     K 35598829 -1306176
Turquoise Hill    TRQ 30816806 -36971
Tahoe Resources  THO 21011372 1011607
Thompson Creek    TCM 20438972 312247
Eldorado Gold    ELD 18790696 -1.3E+07
Dundee Precious  DPM 15966300 -44450
B2gold           BTO 13785471 425302
First Majestic Silver  FR 13411100 -209496
Detour Gold       DGC 12934435 389983
First Quantum     FM 12087479 -1.1E+07
Argonaut Gold    AR 11053087 -363208
Largest increase in short position
Barrick Gold         ABX 37241403 8449791
New Gold         NGD 55406738 3369677
Horizons Gld Bull HGU 3076401 1749400
Endeavour Mining  EDV 1776732 1230848
Silver Standard  SSO 8610622 1082217
Largest decrease in short position
Eldorado Gold  ELD 18790696 -1.3E+07
First Quantum  FM 12087479 -1.1E+07
Potash Corp  POT 5735696 -4383438
Cameco          CCO 3339639 -3617699
Osisko Mining  OSK 40949157 -1524434
TSX Venture short positions
Short positions outstanding at June 31/13 (with changes from June 15/13).
       
Largest short positions
Barkerville   BGM 2214215 143500
Majestic Gold  MJS 1312000 1235000
Radius Gold  RDU 1110000 1110000
Great Western  GWG 777500 -8000
Pacific Potash  PP 758000 -203000
Argex Titanium  RGX 749573 350300
Alpha Minerals  AMW 545197 -10100
Bellhaven   BHV 539000 285000
Edgewater  EDW 407500 140500
Huldra Silver  HDA 358000 157000
Arian Silver  AGQ 343000 343000
Zenyatta  ZEN 334864 -3586
Apogee Silver  APE 303482 303000
Aqm Copper  AQM 277000 277000
Aldrin Res.  ALN 254000 254000
Largest increase in short position
Majestic Gold  MJS 1312000 1235000
Radius Gold  RDU 1110000 1110000
Argex Titanium  RGX 749573 350300
Arian Silver  AGQ 343000 343000
Apogee Silver  APE 303482 303000
Largest decrease in short position
Amarc Resources  AHR 0 -478000
Coventry Resources  CYY 0 -386828
Adroit Resources  ADT 0 -341000
African Gold           AGG 0 -235000
Strike Minerals  STK 0 -209000
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