Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, August 13, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,334.00	42
Silver	$21.46	1.68
Platinum	$1,505.00	62
Palladium	$741.00	14
Base Metals	Price (US$/tonne)	Change
Nickel	$14,716.00	17
Lead	$2,170.00	-26
Copper	$7,271.25	19.5
Zinc	$1,937.25	-8.25

Producer and dealer prices

Antimony FOB China: Mid-mkt US$10,000.00/t
Bismuth: Mid-mkt US$8.25/lb.
Cadmium 99.9: Mid-mkt US$1.00/lb.
Coal: CME Group Central Appalachian Coal Futures
Sept. 2013: US$53.58; Oct. 2013: US$53.88
Cobalt 99.8: US$13.75/lb.
Copper: Comex Copper Futures Sept. 2013: US$3.314/lb.; Comex Oct. 2013: $3.316/lb.
Germanium: US$1,775/kg.
Indium: NY Dealer Mid-mkt US$600.00/kg.
Iridium: Mid-mkt US$825.00/tr. oz.
Magnesium FOB China: Mid-mkt US$2,700.00/t.
Manganese FOB China: Mid-mkt US$2,300.00/t.
Molybdenum Oxide:US$9.30/lb.
Rhodium: Mid-mkt US$1,010/tr. oz.
Ruthenium: Mid-mkt US$80.00/tr. oz.
Selenium: Mid-mkt US$29.00/lb.
Silver: Base: US$31.38; Fabricated: US$25.66; Sterling: US$19.83
Tungsten: APT Tungstate FOB China mid-mkt: US$430.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.75/lb.; Uranium Exchange Co. spot price: US$35.75/lb.
Ferrovanadium: US$25.40/kg; Vanadium-Pentoxide: US$5.50/lb.
Prices current Aug. 13, 2013

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 12, 2013 (change from August 5, 2013 in brackets):
Aluminium Alloy	66480	(-480)
Aluminium	5459800	(-6875)
Copper	592950	(-13950)
Lead	198725	(-1050)
Nickel	203940	(-270)
Tin	13750	(-95)
Zinc	1048800	(-9600)

Daily metal prices
Date	12-Aug	9-Aug	8-Aug	7-Aug	6-Aug
BASE METALS	BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1775/1805	1775/1805	1765/1795	1750/1785	1745/1785
Aluminum	1821/1866	1821/1866	1781/1828	1730.50/1778	1752.50/1798
Copper	7185/7210	7185/7210	7121/7157	6891/6918	7026/7044.50
Lead	2150/2160	2150/2160	2119/2128	2089/2100	2117.50/2130
Nickel	14425/14470	14425/14470	14155/14215	13580/13650	13885/13970
Tin	22100/22100	22100/22100	21625/21740	21175/21125	21290/21210
Zinc	1905/1945	1905/1945	1844/1883	1800/1840	1828.50/1866.50
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1325.75	1305.5	1287.75	1275.5	1292
Gold PM	1341	1309	1298.25	1282.5	1280.5
Silver	20.84	20.31	19.73	19.27	19.78
Platinum	1503	1492	1465	1425	1430
Palladium	742	739	739	718	724

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	12-Aug	9-Aug	8-Aug	7-Aug	6-Aug
US$ in C$	1.0297	1.0303	1.0348	1.0416	1.0379
C$ in US$	0.9712	0.9706	0.9664	0.9601	0.9635
EXCHANGE RATES (Bank of Canada, Aug 12, 2013)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	0.9449	1.3708	0.01068	0.08196	0.1048	1.5934
In US$	0.9176	1.3313	0.01037	0.0796	0.1018	1.5474

Canadian gold mutual funds
Fund name	Aug. 12	Aug. 6	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	19.82	18.49	-5.67	-30.7	-33.15	2.56	698.9
Altamira Pr & Str Mtl	10.26	9.34	-5.71	-61.1	-30.35	2.35	83.5
BMO Junior Gold Index ETF	8.47	7.65	-2.78	4.3	-39.93	0.58	108.4
BMO Pr Mtl	15.27	14.01	-2.75	-19.6	-32.04	2.29	133.6
CIBC Pr Mtl	10.6	9.88	-4.62	-46.8	-37.53	2.4	141.8
Dynamic Can Pr Mtl	6.74	6.24	-6.43	-103	-47.14	1.65	811.6
London Life Pr Mtl (MX)	20.95	19.34	-8.38	-43.3	-38.15	3.37	259.2
Mackenzie Un Pr Mtl C$	10.03	9.26	-7.63	-82.4	-37.77	2.44	569.9
Middlefield Precious Metals	7.34	6.73	-12.38	-184	-38.35	2.48	8.5
Quadrus Mack Un Pr Mtl	26.43	10.65	-7.72	-72.5	-33.64	2.7	66.7
RBC Global Pr Mtl	31.82	24.31	-3.19	-13.1	-40.24	2.04	1380.4
Sentry Pr Mtl Growth	28.56	28.65	2.76	9.6	-42.14	2.75	731.5
Sprott Gold and Pr Minls	30.39	26.21	-11.45	-43.7	-41.82	2.84	854
Sprott Gold and Pr Minls F	32.1	27.87	-10.69	-38.4	-33.4	1.78	n/a
TD Pr Mtl	6.77	29.67	-7.05	-23.8	-33.47	2.15	313.9
TD Pr Mtl-A	11.54	6.26	-7.18	-114.7	-37.85	2.31	n/a
iShares Can Gold Sector Index	11.88	10.98	-5.17	-47.1	-36.58	0.55	1063.3
Featured fund: TD Precious Metals top holdings as of 03/31/13 (in weighted order): Goldcorp, Franco-Nevada, Freeport McMoRan Copper & Gold, Silver Wheaton, Barrick Gold, Agnico Eagle Mines, Yamana Gold, Kinross Gold, Turquoise Hill Resources, Osisko Mining. Fund manager: Diana Racanelli.

TSX short positions
Short positions outstanding at July 31/13 (with changes from July/13).
Largest short positions
Lundin Mining	LUN	67568335	-1741442
New Gold	NGD	53731073	-1430545
Osisko Mining	OSK	36176726	-4738018
Turquoise Hill	TRQ	29754345	-759809
Tahoe Res.	THO	20833575	4705
Thompson Creek	TCM	20240037	-198297
Dundee Prec.	DPM	15508837	-391860
Potash Corp	POT	15095601	9293179
B2gold	BTO	14413771	130714
Yamana Gold	YRI	13507062	649953
First Majestic	FR	13332144	-148417
Detour Gold	DGC	12882266	-300416
First Quantum	FM	12140695	-517668
Paramount Res	POU	11247796	225261
Argonaut Gold	AR	10612266	-29154
Largest increase in short position
Potash Corp	POT	15095601	9293179
Silver Wheaton	SLW	8654964	4029090
Ivanplats	IVP	2864932	2841432
Colossus Min.	CSI	6903415	2766694
Agrium	AGU	5214193	2579180
Largest decrease in short position
Barrick Gold	ABX	6744562	-2.3E+07
Kinross Gold	K	8173938	-9889007
Eldorado Gold	ELD	5614742	-7516523
Osisko Mining	OSK	36176726	-4738018
Lundin Mining	LUN	67568335	-1741442

Largest increase in short position

TSX Venture short positions
Short positions outstanding at July 31/13 (with changes from July 15/13).
Largest short positions
Barkerville Gold	BGM	1818915	-319600
High Desert Gold	HDG	1250000	1249000
Apogee Silver	APE	1179482	629000
China Minerals	CMV	1060000	1060000
Oceanic Iron	FEO	990000	990000
Great Western	GWG	800953	-48547
Sunset Cove	SSM	800204	800000
Passport Potash	PPI	750500	703000
Pacific Potash	PP	649500	-348500
Donner Metals	DON	563000	562000
Alpha Minerals	AMW	554897	5400
Huldra Silver	HDA	500000	100000
Zenyatta	ZEN	462467	128034
True North Gems	TGX	414400	414400
Golden Dawn	GOM	358000	60000
High Desert Gold	HDG	1250000	1249000
China Minerals	CMV	1060000	1060000
Oceanic Iron	FEO	990000	990000
Sunset Cove	SSM	800204	800000
Passport Potash	PPI	750500	703000
Largest decrease in short position
Radius Gold	RDU	0	-1958000
Unigold	UGD	3123	-1224100
Manitou Gold	MTU	1100	-489900
Aldrin Resource	ALN	175000	-379000
Big North Graphite	NRT	0	-350000