Metals, mining and money markets

SPOT PRICES
Courtesy of ScotiaBank
Tuesday, May 29, 2012    
Precious Metals Price (US$/oz.) Change
Gold $1573.75 -2.00
Silver $28.25 +0.18
Platinum $1436.00 -25.00
Palladium $606.00 -5.00
     
Base Metals Price (US$/tonne) Change
Nickel $16817.00 -180.00
Lead $1944.00 +3.50
Copper $7704.50 +19.50
Zinc $1915.50 +5.00
LME WAREHOUSE LEVELS
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 28, 2012 (change from May 21 in brackets):
Aluminium Alloy 104680 (-4740)
Aluminium 4945325 (-19525)
Copper 223050 (-1325)
Lead 352800 (-5200)
Nickel 106122 (0)
Tin 13395 (-1075)
Zinc 939050 (-7025)

PRODUCER AND DEALER PRICES

Antimony: Mid-mkt US$13,100.00/t

Bismuth: Mid-mkt US$10.68/lb.

Cadmium: Mid-mkt US$1.08/lb.

Coal: CME Group Central Appalachian Coal Futures June 2012: US$55.60; July 2012: US$57.10

Cobalt: Recent trades US$15.00-15.80/lb.

Copper: Comex Copper Futures June 2012: US$3.48/lb.; Comex July 2012: $3.48/lb.

Indium: Mid-mkt US$580.00/kg.

Iridium: Mid-mkt US$1,070.00/tr. oz.

Magnesium: Mid-mkt US$3,175.00/t.

Manganese: Mid-mkt US$3,075.00/t.

Mercury: Mid-mkt US$1,850.00/flask (76 lb.).

Molybdenum: Oxide, recent trades US$13.70-13.85/lb.

Rhodium: Mid-mkt US$1,325.00/tr. oz.

Ruthenium: Mid-mkt US$105.00/tr. oz.

Selenium: Mid-mkt US$63.50/lb.

Silver: Base: US$28.56; Fabricated: US$34.27; Sterling: US$26.48

Tantalum: Ta2O5 ore, mid-mkt US$90/lb.

Tin: Kuala Lumpur Tin Market, US$19.64/kg 

Tungsten: APT Tungstate FOB China mid-mkt: US$410.00 per mtu; APT U.S. mid-mkt: US$408.33 per mtu

Uranium: U3O8, Trade Tech spot price: US$52.00/lb.; Uranium Exchange Co. spot price: US$52.00/lb.

Ferrovanadium: Free Market V2O5, recent trades US$5.75-6.00/lb.

Prices current May 22, 2012

DAILY METAL PRICES
Date May 28 May 25 May 24
May 23
May 22
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy 1886/1910 1880/1910 1885.50/1905 1885/1910 1913/1930
Aluminum 1980/2021 1979/2019 1986/20308 1974.50/2015 1996/2038
Copper 7738/7717 7695/7654 7659.50/7612 7630/7590 7770/7741
Lead 1933/1949 1944.50/1957 1933/1945 1920/1933 1928/1939.50
Nickel 16975/17075 16975/17050 16910/17000 16875/16900 17025/17055
Tin 19850/19890 19800/19800 19650/19690 19300/19300 19455/19500
Zinc 1900/1905 1892/1898 1867/1878 1872/1883 1899/1910.50
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM 1579.00 1560.50 1558.50 1555.00 1575.75
Gold PM 1574.60 1569.50 1568.50 1549.00 1582.50
Silver 28.52 28.24 28.08 27.76 28.07
Platinum 1438.00 1423.00 1431.00 1430.00 1458.00
Palladium 601.00 590.00 600.00 607.00 612.00
CANADIAN GOLD MUTUAL FUNDS
Fund name May 7 Apr. 30 Change Change YTD MER* Assets*
  ($) ($) ($) (%) (%) (%) (M$)
AGF Pr Mtl 30.13 31.91 -1.78 -5.6 -11.90 2.56 698.9
Altamira Pr & Str Mtl 13.79 14.91 -1.12 -7.5 -18.83 2.35 83.5
BMO Junior Gold Index ETF 14.36 15.62 0.13 4.3 -15.13 0.58 108.4
BMO Pr Mtl 22.16 23.49 -1.33 -5.7 -13.70 2.29 133.6
CIBC Pr Mtl 17.28 18.63 -1.35 -7.2 -15.56 2.40 141.8
Dynamic Can Pr Mtl 13.28 14.23 -0.95 -6.7 -14.65 1.65 811.6
London Life Pr Mtl (MX) 33.96 36.13 -2.17 -6.0 -16.67 3.37 259.2
Mackenzie Un Pr Mtl 16.05 17.07 -1.02 -6.0 -16.40 2.44 569.9
Middlefield Precious Metals 11.98 13.02 -1.04 -8.0 -20.67 2.48 8.5
Quadrus Mack Un Pr Mtl 18.51 19.69 -1.18 -6.0 -16.4 2.70 66.7
RBC Global Pr Mtl 39.49 42.39 -2.90 -6.8 -13.2 2.04 1380.4
Sentry Pr Mtl Growth 52.08 55.65 -3.57 -6.4 -10.0 2.75 731.5
Sprott Gold and Pr Minls 50.15 53.75 -3.60 -6.7 -18.7 2.84 854
Sprott Gold and Pr Minls 52.69 56.47 -3.78 -6.7 -18.4 1.78 n/a
T
D Pr Mtl
48.70 51.89 -3.19 -6.1 -16.6 2.15 313.9
TD Pr Mtll-A 10.30 10.97 -0.67 -6.1 -16.7 2.31 n/a
iShares Can Gold Sector Index 18.45 19.51 -1.06 -5.4 -17.89 0.55 1063.3
Featured Fund: Sprott Gold and Precious Metals as of 02/29/12 (in weighted order): Barrick Gold, Osisko Mining, Coeur D’alene Mines, Kirkland Lake Gold, Silver Wheaton, Colossus Minerals, Belo Sun Mining. Fund Manager: Charles Oliver.
NORTH AMERICAN STOCK EXCHANGE INDICES

Date
May 28
May 25
May 24
May 23

May 22
52-week
High Low
TSX Composite 11566.15 11576.47 11566.07 11564.80 11451.78 14314.45 10848.19
S&P/TSX-Ven Comp 1325.01 1309.27 1282.47 1256.48 1246.75 2399.66 1305.53
S&P TSX 60 657.08 658.09 658.62 658.94 651.32 796.30 622.16
Global Gold 310.94 311.21 307.14 305.62 292.04 455.38 265.99
TSX Metals & Mining 871.43 870.95 873.25 876.11 848.82 1469.51 751.86
Gold & Silver XAU N/A 157.83 157.06 156.88 150.78 228.98 140.94
Amex Gold Bugs N/A 427.91 424.85 421.78 405.06 638.59 372.74
TSX SHORT POSITIONS
Short positions outstanding at Apr. 30/12 (with changes from Apr. 15/12).
Largest short positions
Lundin Mining LUN 41032046 2049188
New Gold NGD 38161364 -787277
Osisko Mining OSK 25605503 900903
Thompson Creek TCM 17711444 1009007
Kinross Gold K 17339438 8713619
Yamana Gold YRI 16638334 11323579
Uranium One UUU 15776888 -604797
Cameco CCO 13933689 5552838
Tahoe ResourcesT THO 12890318 8507
Argonaut Gold AR 12030334 216203
Ivanhoe Mines IVN 10886115 256843
Mercator Minerals ML 9988907 129356
Alacer Gold ASR 9449242 -2310783
Aurico Gold AUQ 9442665 -13626
Iamgold IMG 9282261 7061030
Largest increase in short position
Yamana Gold YRI 16638334 11323579
Kinross Gold K 17339438 8713619
Iamgold IMG 9282261 7061030
Cameco CCO 13933689 5552838
Silver Wheaton SLW 8299234 5279022
Largest decrease in short position      
Teck Resources TCK 4800077 -3300225
Barrick Gold BX 3132485 -2534657
Alacer Gold ASR 9449242 -2310783
Novagold Res NG 829107 -2000973
Denison Mines DML 652705 -1885601
TSX VENTURE SHORT POSITIONS
Short positions outstanding at Apr. 30/12 (with changes from Apr. 15/12).
Largest short positions      
Sandstorm Gold SSL 8681465 766696
Great Western Min GWG 3099990 -289744
Unigold UGD 2639000 115000
Aurcana AUN 1646250 442048
Sage Gold SGX 1141675 1141675
Mega Precious Metals MGP 1115986 -13159
Elgin Mining ELG 1114800 744800
Beaufield Res BFD 1029000 33000
Sandspring Res SSP 971460 -4012
Goldex Resources GDX 968296 47150
Roxgold ROG 645842 -80658
Copper One CUO 633000 633000
Tomagold LOT 534614 391300
Argex Mining RGX 469159 -1710600
Columbus Gold CGT 467500 170000
Largest increase in short position
Sage Gold Inc. SGX 1141675 1141675
Sandstorm Gold SSL 8681465 766696
Elgin Mining ELG 1114800 744800
Copper One CUO 633000 633000
Aurcana AUN 1646250 442048
Largest decrease in short position
Uragold Bay Res UBR 50000 -5001244
Argex Mining RGX 469159 -1710600
Northern Freegold NFR 47588 -704912
Equinox Exploration EQX 0 -624666
MBMI Resources MBR 0 -554000
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