Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, March 5, 2013
Precious Metals	Price (US$/oz.)	Change
Gold	$1,584.25	-13
Silver	$28.93	0.18
Platinum	$1,581.00	-11
Palladium	$724.00	-5
Base Metals	Price (US$/tonne)	Change
Nickel	$16,627.00	169
Lead	$2,235.50	19.75
Copper	$7,787.25	62.75
Zinc	$2,017.50	16.5

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2013 (change from February 25, 2013 in brackets):
Aluminium Alloy	83920	(-480)
Aluminium	5162875	(+5775)
Copper	462400	(+31675)
Lead	287175	(-750)
Nickel	160656	(+5088)
Tin	13576	(-74)
Zinc	1198300	(+17650)

Producer and dealer prices 

Antimony FOB China: 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
April 2013: US$58.90; May 2013: US$59.1-
Cobalt: Recent trades US$11.50-12.40/lb.
Copper: Comex Copper Futures April 2013: US$3.497/lb.; Comex May 2013: $3.508/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 FOB China: Mid-mkt US$2,405.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.10-11.20/lb.
Rhodium: Mid-mkt US$1,225.00/tr. oz.
Ruthenium: Mid-mkt US$75.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$28.92; Fabricated: US$34.70; Sterling: US$26.81
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$23.40/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$310.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$42.00/lb.; Uranium Exchange Co. spot price: US$42.25/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$14.70-15.00
Prices current Mar. 6, 2013

Daily metal prices
Date	4-Mar	1-Mar	28-Feb	27-Feb	26-Feb
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1850/1855	1850/1855	1840/1860	1870/1880	1860/1870
Aluminum	1926.50/1972.50	1926.50/1972.50	1959.50/2004.50	1971/2016.50	1970.50/2014
Copper	7750/7741	7750/7741	7825/7850	7830.50/7863.50	7784/7793
Lead	2234.50/2244.50	2234.50/2244.50	2287/2290	2310/2316	2279/2289
Nickel	16535/16600	16535/16600	16655/16710	16705/16755	16500/16590
Tin	23345/23250	23345/23250	23530/23500	23575/23600	23150/23125
Zinc	1991/2013	1991/2013	2065/2080	2083.50/2088	2071.50/2078
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	N/A	1570	1591	1608.5	1597.25
Gold PM	N/A	1582.25	1588.5	1604.25	1590.5
Silver	N/A	28.01	28.95	29.07	28.75
Platinum	N/A	1579	1598	1609	1605
Palladium	N/A	721	744	741	740

Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	4-Mar	1-Mar	28-Feb	27-Feb	26-Feb
US$ in C$	1.0298	1.0285	1.0285	1.025	1.028
C$ in US$	0.9711	0.9723	0.9723	0.9756	0.9728
EXCHANGE RATES (Bank of Canada, October 15, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0466	1.3383	0.01103	0.08063	0.1132	1.5532
In US$	1.0163	1.2996	0.01071	0.0783	0.1099	1.5083

Canadian gold mutual funds
Fund name	March 4	Feb. 25	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	24.07	29.68	-5.67	-19.1	-18.9	2.56	698.9
Altamira Pr & Str Mtl	11.98	22.48	-5.71	-25.4	-18.67	2.35	83.5
BMO Junior Gold Index ETF	10.57	14.11	-2.78	4.3	-25.07	0.58	108.4
BMO Pr Mtl	17.9	16.97	-2.75	-16.2	-20.34	2.29	133.6
CIBC Pr Mtl	13.21	12.75	-4.62	-36.2	-22.17	2.4	141.8
Dynamic Can Pr Mtl	9.28	18.23	-6.43	-35.3	-27.22	1.65	811.6
London Life Pr Mtl (MX)	27.22	33.87	-8.38	-24.7	-19.63	3.37	259.2
Mackenzie Un Pr Mtl C$	13.03	18.57	-7.63	-41.1	-19.17	2.44	569.9
Middlefield Precious Metals	9.24	16.12	-12.38	-76.8	-22.39	2.48	8.5
Quadrus Mack Un Pr Mtl	15	11.9	-7.72	-64.9	-19.2	2.7	66.7
RBC Global Pr Mtl	31.95	14.73	-3.19	-21.7	-19.77	2.04	1380.4
Sentry Pr Mtl Growth	41.13	53.25	2.76	5.2	-22.77	2.75	731.5
Sprott Gold and Pr Minls	38.03	39.82	-11.45	-28.8	-22.97	2.84	854
Sprott Gold and Pr Minls F	40.32	49.37	-10.69	-21.7	-22.82	1.78	n/a
TD Pr Mtl	40.12	52.24	-7.05	-13.5	-16.76	2.15	313.9
TD Pr Mtl-A	8.47	10.18	-7.18	-70.5	-16.79	2.31	n/a
iShares Can Gold Sector Index	15.29	48.2	-5.17	-10.7	-19.11	0.55	1063.3
Featured fund: BMO Precious Minerals as of 1/31/13 (in weighted order): Perseus Mining, Barrick Gold, Goldcorp, Silver Wheaton, B2Gold, Kinross Gold, Franco-Nevada, Allied Nevada, Virginia Mines, Semafo, Sandstorm Gold, PMI Gold, Centerra Gold. Fund manager: Mark Serdan.

North American stock exchange indices
						52-week
Date	4-Mar	1-Mar	28-Feb	27-Feb	26-Feb	High	Low
TSX Composite	12707.41	12773.12	12821.83	12732.39	12660.44	12895.28	11209.55
S&P/TSX-Ven Comp	1097.17	1120.09	1133.36	1131.12	1131.91	1680.64	1094.04
S&P TSX 60	731.75	735.52	738.55	733.54	728.34	742.39	637.7
Global Gold	245.31	252.25	255.83	259.48	265.1	371.75	244.89
TSX Metals & Mining	875.66	900.1	910.23	910.08	901.52	1179.81	781.13
Gold & Silver XAU	129.12	133.29	134.24	137.23	139.71	196.71	128.6
Amex Gold Bugs	341.91	351.78	354.27	362.53	369.73	529.8	340.63

TSX short positions
Short positions outstanding at Feb. 28/13 (with changes from Jan. 31/13).
Largest short positions
Lundin Mining	LUN	68286079	2017883
New Gold	NGD	55253523	172286
Eldorado Gold	ELD	32036349	20907557
Osisko Mining	OSK	29810519	-250099
Aurico Gold	AUQ	24910124	15618
Kinross Gold	K	22392694	-1.5E+07
Dundee Precious	DPM	20080870	-2549322
First Quantum	FM	19097276	6731170
Thompson Creek	TCM	19073578	418118
Iamgold	IMG	19050040	1963843
Turquoise Hill	TRQ	17919097	521353
Tahoe Resources	THO	16589342	184072
Barrick Gold	ABX	15875576	14014908
Teck Resources	TCK.B	12757742	1565340
Potash Corp	POT	12256843	-1962155
Largest increase in short position
Eldorado Gold	ELD	32036349	20907557
Barrick Gold	ABX	15875576	14014908
First Quantum	FM	19097276	6731170
Goldcorp	G	7413771	5533768
Argonaut Gold	AR	12133715	4926032
Largest decrease in short position
Kinross Gold	K	22392694	-1.5E+07
Cameco	CCO	11286335	-7634899
Yamana Gold	YRI	8013852	-7442167
Mercator Min.	ML	321900	-3365310
Silver Wheaton	SLW	7458426	-3077502

TSX Venture short positions
Short positions outstanding at Feb. 28/13 (with changes from Jan. 31/1 3).
Largest short positions
Cerro Resources	CJO	3560000	3560000
Barkerville Gold	BGM	2646208	-35909
Tomagold	LOT	1721500	1721500
Majestic Gold	MJS	897703	845000
Malbex Resources	MBG	850000	-25000
Probe Mines	PRB	838932	-13338
Sterling Resources	SLG	760341	306891
Zenyatta Ventures	ZEN	730500	51400
Aurcana	AUN	728419	-1409226
Great Western Min.	GWG	678655	153517
Canada Strategic	CJC	602000	602000
Romios Gold	RG	501207	375712
Nemaska Lithium	NMX	484500	349000
Rockland Minerals	RL	465000	465000
Argex Titanium	RGX	389536	-24298
Largest increase in short position
Cerro Resources	CJO	3560000	3560000
Tomagold	LOT	1721500	1721500
Majestic Gold	MJS	897703	845000
Canada Strategic	CJC	602000	602000
Rockland Minerals	RL	465000	465000
Largest decrease in short position
Orko Silver	ZNN	203036	-1539040
Aurcana	AUN	728419	-1409226
Bear Creek	BCM	22813	-462204
Raging River	RRX	221442	-430894
Goldrush Res.	GOD	26057	-422914