Metals, mining and money markets

Spot prices
Courtesy of Scotiabank
Tuesday, February 25 2014
Precious Metals Price (US$/oz.) Change
Gold $1,332.75 18.75
Silver $21.73 0.36
Platinum $1,433.00 11
Palladium $738.00 5
     
Base Metals Price (US$/tonne) Change
Nickel $14,232.00 -87
Lead $2,127.00 -5.5
Copper $7,041.75 -35
Zinc $2,044.50 2.75
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, February 24, 2014 (change from February 17, 2014 in brackets):
Aluminium Alloy 54780 (-200)
Aluminium 5338700 (-23475)
Copper 282475 (-13550)
Lead 201350 (-2075)
Nickel 268152 (-648)
Tin 8375 (-370)
Zinc 779050 (-20750)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,900/t
Bismuth: Mid-mkt US$10.60/lb.
Cadmium 99.9: Mid-mkt US$0.95/lb.
Coal: CME Group Central Appalachian Coal Futures
Mar. 2014: US$61.88; Apr. 2014: US$62.65
Cobalt 99.8: US$15.25/lb.
Copper: Comex Copper Futures Mar. 2014: US$3.25/lb.; Comex Apr. 2014: $3.24/lb.
Germanium: US$1,950/kg.
Germanium Dioxide: US$1,375/kg
Indium: NY Dealer Mid-mkt US$760.00/kg.
Iridium: Mid-mkt US$455.68/tr. oz.
Magnesium FOB China: Mid-mkt US$2,900.00/t.
Manganese FOB China: Mid-mkt US$2,350.00/t.
Molybdenum Oxide: US$10.00/lb.
Rhodium: Mid-mkt US$1,060.91/tr. oz.
Ruthenium: Mid-mkt US$62.50/tr. oz.
Selenium: Mid-mkt US$28.00/lb.
Silver: Base: US$21.98; Fabricated: US$26.37; Sterling: US$20.38
Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$35.50/lb.; Uranium Exchange Co. spot price: US$35.50/lb.
Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.
Prices current Feb. 25, 2014

Daily metal prices
Date 24-Feb 21-Feb 20-Feb 19-Feb 18-Feb
BASE METALS  (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1800/1830 1810/1840 1780/1810 1780/1820 1815/1830
Aluminum 1699/1741 1733.50/1777 1717/1760.50 1726/1770 1693/1736
Copper 7129.50/7061 7211/7150 7184.50/7131 7215/7180 7205.50/7170
Lead 2101.50/2120.50 2132.50/2153.50 2123.50/2142.50 2153/2170 2132/2149.50
Nickel 14155/14195 14405/14440 14260/14300 14470/14500 14400/14450
Tin 23095/23090 23125/23075 23025/22975 23225/23150 23085/23050
Zinc 2042.50/2032 2059/2054 2034.50/2035 2074.50/2071 2070/2067
           
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM Gold AM 1333 1320.75 1313.75 1318.75
Gold PM Gold PM 1334.75 1323.25 1316.25 1320.5
Silver Silver 22.05 21.74 21.59 21.75
Platinum Platinum 1430 1422.5 1413 1424
Palladium Palladium 741 739 736 738
Exchange rates  
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)  
Date 24-Feb 21-Feb 20-Feb 19-Feb 18-Feb  
US$ in C$ 1.1058 1.1128 1.1104 1.1045 1.0953  
C$ in US$ 0.9043 0.8986 0.9006 0.9054 0.913  
             
EXCHANGE RATES (Bank of Canada, Feb 24, 2014)
Currency Aus $ Euro Japan Mex P SA Rand UK £
In C$ 0.9998 1.5198 0.01079 0.08374 0.1023 1.8401
In US$ 0.9041 1.3744 0.00976 0.07573 0.09251 1.664
Canadian gold mutual funds
Fund name  Feb. 24  Feb. 18 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 21.92 20.41 -5.67 -39.4 29.86 2.56 698.9
Altamira Pr & Str Mtl 11.22 10.52 -5.71 -37.7 31.23 2.35 83.5
BMO Junior Gold Index ETF 8.35 7.66 -2.78 -51.5 35.81 0.58 108.4
BMO Pr Mtl 16.72 15.81 -2.75 -39.2 28.67 2.29 133.6
CIBC Pr Mtl 12.17 11.45 -4.62 -41.1 32.7 2.4 141.8
Dynamic Can Pr Mtl 7.35 6.91 -6.43 -52 36.36 1.65 811.6
London Life Precious Mtl 23.97 21.93 -8.38 -44.2 38.04 3.37 259.2
Middlefield Precious Metals 7.91 7.4 -12.38 -46.1 35.44 2.48 8.5
RBC Global Pr Mtl 28.8 26.94 -3.19 -39.9 29.16 2.04 1380.4
Sentry Pr Mtl Growth 36.13 33.34 2.76 -46.8 39.69 2.75 731.5
Sprott Gold and Pr Minls 32.98 30.58 -11.45 -47.8 36.44 2.84 854
Sprott Gold and Pr Minls F 35.29 32.71 -10.69 -47.4 36.66 1.78 n/a
TD Pr Mtl 35.85 33.87 -7.05 -37.3 27.04 2.15 313.9
TD Pr Mtl-A 7.56 7.14 -7.18 -37.4 27.01 2.31 n/a
iShares TSX Global Gold Index 12.65 11.83 -5.17 -42.1 29.06 0.55 802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold Resources, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter.
North American stock exchange indices
            52-week
Date 24-Feb 21-Feb 20-Feb 19-Feb 18-Feb High Low
TSX Composite 14227.08 14205.72 14210.37 14119.73 14077.47 14278.63 11759.04
S&P/TSX-Ven Comp 1018.95 1021.66 1014.93 1005.88 1002.45 1152.58 859.31
S&P TSX 60 815.82 815.03 815.49 810.71 806.88 819.19 677.55
Global Gold 205.17 204.82 205.63 197.05 201.43 266.91 149.29
TSX Metals & Mining 824.82 832.86 831.27 829.94 835.67 945.26 662.2
Gold & Silver XAU 103.23 102.88 103.38 99.48 102.84 140.43 79.73
Amex Gold Bugs 246.48 245.62 246.44 237.22 244.61 372.02 188.39
TSX short positions
Short positions outstanding at Feb. 15/14 (with changes from Jan. 31/14).
Largest short positions
Lundin Mining  LUN 62501016 2554170
New Gold  NGD 38829821 1515915
Kinross Gold K 36202354 -2274130
Torex Gold  TXG 32483746 19713926
Osisko Mining  OSK 31057069 -1.2E+07
Potash Corp. POT 26284850 7385965
Detour Gold  DGC 26282765 693435
First Quantum  FM 22475102 13258762
Yamana Gold  YRI 20436255 -2197196
Eldorado Gold  ELD 19733102 17934824
Tahoe Resources THO 19404348 68274
Thompson Creek  TCM 16940735 -179166
B2gold   BTO 15839023 482512
Torex Gold Wrnt TXG.WT 15499270 15499270
Cameco   CCO 13783689 5293752
Largest increase in short position
Torex Gold  TXG 32483746 19713926
Eldorado Gold  ELD 19733102 17934824
Torex Gold wrnt TXG.WT 15499270 15499270
First Quantum  FM 22475102 13258762
Potash Corp. POT 26284850 7385965
Largest decrease in short position
Osisko Mining  OSK 31057069 -1.2E+07
Asanko Gold  AKG 454394 -8378995
North American. PDL 5797749 -7037529
Timmins Gold  TMM 600584 -4353246
Agrium   AGU 2045270 -3121228
TSX Venture short positions
Short positions outstanding at Feb. 15/14 (with changes from Jan. 31/14).
Largest short positions
Delta Gold  DLT 7788000 7788000
True Gold  TGM 4433545 2971199
Lomiko Metals  LMR 2727400 201900
Kombat Copper  KBT 870000 870000
Radisson Min.  RDS 683000 462000
Makena Res.  MKN 633500 583500
Great Western  GWG 594500 -157000
Sirios Res.  SOI 587900 -72000
Arrowstar Res.  AWS 570000 570000
Aurcana  AUN 537638 513900
Santacruz Slvr  SCZ 490700 357800  
Commerce Res. CCE 468600 468600
Fission 3.0  FUU 461632 -4468
Tomagold  LOT 442000 127000
Sunridge Gold  SGC 417500 103000
Largest increase in short position
Delta Gold  DLT 7788000 7788000
True Gold  TGM 4433545 2971199
Kombat Copper  KBT 870000 870000
Makena Res. MKN 633500 583500
Arrowstar Res. AWS 570000 570000
Largest decrease in short position
Lx Ventures        LXV 87500 -648500
Fission Uranium  FCU 94329 -506171
Ggl Resources         GGL 0 -480000
Plate Resources  PLR 0 -313500
Galantas Gold         GAL 100 -300014
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