Metals, mining, and money markets

Spot prices

Courtesy of Scotiabank
Tuesday, December 18, 2012
Precious Metals	Price (US$/oz.)	Change
Gold	$1,699.50	-10.25
Silver	$32.38	-0.79
Platinum	$1,610.00	-9
Palladium	$700.00	2
Base Metals	Price (US$/tonne)	Change
Nickel	$17,737.00	195
Lead	$2,313.25	20
Copper	$8,010.25	-39
Zinc	$2,086.00	-1

LME warehouse levels

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, December 20, 2012 (change from December 13 in brackets):
Aluminium Alloy	87740	0
Aluminium	5236975	(+77675)
Copper	311925	(+42050)
Lead	333500	(-15425)
Nickel	138372	(+774)
Tin	12245	(+600)
Zinc	1225650	(-4000)

Producer and Dealer Prices

Antimony: Mid-mkt US$12,350.00/t
Bismuth: Mid-mkt US$8.65/lb.
Cadmium: Mid-mkt US$0.905/lb.
Coal: CME Group Central Appalachian Coal Futures
January 2013: US$59.50; February 2013: US$59.95
Cobalt: Recent trades US$10.80-11.80/lb.
Copper: Comex Copper Futures January 2013: US$3.653/lb.; Comex February 2013: $3.657/lb.
Indium: NY Dealer Mid-mkt US$510.00/kg.
Iridium: J. Matthey Base Mid-mkt US$1,025.00/tr. oz.
Magnesium: Mid-mkt US$3,325.00/t.
Manganese: Mid-mkt US$2,665.00/t.
Mercury: Mid-mkt US$1,850.00/flask (76 lb.).
Molybdenum: Oxide, recent trades US$11.30-11.60/lb.
Rhodium: Mid-mkt US$1,080.00/tr. oz.
Ruthenium: Mid-mkt US$80.00/tr. oz.
Selenium: Mid-mkt US$45.00/lb.
Silver: Base: US$32.24; Fabricated: US$38.68.; Sterling: N.A.
Tantalum: Ta2O5 ore, mid-mkt US$125/lb. CIF China
Tin: Kuala Lumpur Tin Market, US$23.30/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$335.00 per mtu
Uranium: U3O8, Trade Tech spot price: US$45.00/lb.; Uranium Exchange Co. spot price: US$43.50/lb.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.50/lb.; US Ferrovanadium: US$13.70-14.20
Prices current Dec. 18, 2012

Daily Metal Prices

Date	20-Dec	19-Dec	18-Dec	17-Dec	14-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1905/1930	1934/1950	1950/1975	1910/1930	1900/1920
Aluminum	2031.50/2069	2072/2104	2080/2098	2163/2110	2132/2120
Copper	7825/7851.50	7945.50/7985	8005/8037.50	8000/8025	8047/8065
Lead	2310/2330	2310.50/2332.50	2292/2309.50	2267/2286	2292/2302.50
Nickel	17520/17525	17580/17675	17645/17700	17550/17715	17700/17775
Tin	23300/23300	23650/23650	23445/23490	23300/23275	23200/23175
Zinc	2030.50/2066	2047/2082	2055/2089	2049/2079	2058/2084.50
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Date	20-Dec	19-Dec	18-Dec	17-Dec	14-Dec
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1905/1930	1934/1950	1950/1975	1910/1930	1900/1920
Aluminum	2031.50/2069	2072/2104	2080/2098	2163/2110	2132/2120
Copper	7825/7851.50	7945.50/7985	8005/8037.50	8000/8025	8047/8065

Exchange rates

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	20-Dec	19-Dec	18-Dec	17-Dec	14-Dec
US$ in C$	0.9883	0.9868	0.9854	0.9841	0.986
C$ in US$	1.0118	1.0134	1.0148	1.0162	1.0142
EXCHANGE RATES (Bank of Canada, December 20, 2012)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	1.0356	1.3071	0.01172	0.07735	0.1162	1.6077
In US$	1.0479	1.3226	0.01186	0.07827	0.1176	1.6267

 

Canadian gold mutual funds
Fund name	Dec. 17	Dec. 10	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	29.72	29.7	-5.67	-19.1	-13.1	2.56	698.9
Altamira Pr & Str Mtl	22.4	22.45	-5.71	-25.4	-12.76	2.35	83.5
BMO Junior Gold Index ETF	14.47	14.32	-2.78	4.3	-14.68	0.58	108.4
BMO Pr Mtl	16.92	17.03	-2.75	-16.1	-17.25	2.29	133.6
CIBC Pr Mtl	12.75	12.85	-4.62	-36	-18.06	2.4	141.8
Dynamic Can Pr Mtl	18.6	18.87	-6.43	-34.1	-16.86	1.65	811.6
London Life Pr Mtl (MX)	33.49	33.57	-8.38	-25	-17.82	3.37	259.2
Mackenzie Un Pr Mtl C$	18.35	18.39	-7.63	-41.5	-17.13	2.44	569.9
Middlefield Precious Metals	15.93	15.97	-12.38	-77.5	-17.03	2.48	8.5
Quadrus Mack Un Pr Mtl	12.06	21.07	-7.72	-36.6	-20.2	2.7	66.7
RBC Global Pr Mtl	14.8	14.65	-3.19	-21.8	-12.9	2.04	1380.4
Sentry Pr Mtl Growth	53.46	53.25	2.76	5.2	-7.6	2.75	731.5
Sprott Gold and Pr Minls	39.69	39.81	-11.45	-28.8	-12.7	2.84	854
Sprott Gold and Pr Minls F	49.19	49.42	-10.69	-21.6	-20.2	1.78	n/a
TD Pr Mtl	52.03	52.33	-7.05	-13.5	-19.4	2.15	313.9
TD Pr Mtl-A	10.14	10.28	-7.18	-69.8	-17.9	2.31	n/a
iShares Can Gold Sector Index	48.01	48.66	-5.17	-10.6	-17.81	0.55	1063.3
Featured fund: AGF Precious Minerals as of 10/30/12 (in weighted order): Central Fund of Canada, Goldcorp, Royal Canadian Mint, Tahoe Resources, Eldorado Gold, B2Gold, Agnico-Eagle Mines, Franco-Nevada, Silver Wheaton. Fund Manager: Bob Lyon.

North American stock exchange indices

						52-week
Date	20-Dec	19-Dec	18-Dec	17-Dec	14-Dec	High	Low
TSX Composite	12388.71	12403.63	12334.34	12281.35	12296.72	12788.63	11209.55
S&P/TSX-Ven Comp	1180.5	1176.52	1176	1184.99	1183.62	1696.14	1153.9
S&P TSX 60	711.58	712.14	707.52	703.73	704.46	728.03	637.7
Global Gold	290.06	292.73	294.01	298.19	298.55	395.64	265.99
TSX Metals & Mining	996.62	1003.96	976.51	977	985.59	1258.22	781.13
Gold & Silver XAU	160.08	160.91	162.54	165.05	164.75	204.97	140.94
Amex Gold Bugs	427.6	429.71	432.75	439.02	437.66	554.92	372.74

TSX short positions

Short positions outstanding at Dec. 15/12 (with changes from Nov. 30/12).
Largest short positions
Lundin Mining	LUN	57611306	2314751
New Gold	NGD	53063707	-2623983
Osisko Mining	OSK	27365885	-1409999
Aurico Gold	AUQ	26585071	6028796
Eldorado Gold	ELD	24942323	-1519877
Dundee Prec.	DPM	23991774	2635617
Uranium One	UUU	23758207	10799659
Argonaut Gold	AR	21139361	-1167720
Thompson Creek	TCM	21074031	-383107
B2gold	BTO	18195696	2055874
Turquoise Hill	TRQ	17381110	-58052
Tahoe Res.	THO	16376690	1801888
First Quantum	FM	15466539	-431554
Kinross Gold	K	13389998	-1.4E+07
Cameco	CCO	12018995	2895459
Largest increase in short position
Uranium One	UUU	23758207	10799659
Aurico Gold	AUQ	26585071	6028796
Kirkland Lake	KGI	9329360	4278455
Silver Standard	SSO	6592696	3576603
Cameco	CCO	12018995	2895459
Largest decrease in short position
Kinross Gold	K	13389998	-1.4E+07
Aurizon Mines	ARZ	3537387	-5790686
Yamana Gold	YRI	5545224	-5192882
Ivanplats	IVP	5989930	-3321784
New Gold	NGD	53063707	-2623983

TSX Venture short positions

Short positions outstanding at Dec. 15/12 (with changes from Nov. 30/12).
Largest short positions
Barkerville Gold	BGM	2662417	289300
Probe Mines	PRB	1477347	583565
Great Western Min	GWG	1066783	22304
Kaminak Gold	KAM	833771	272361
Zenyatta Ventures	ZEN	827173	801143
Mart Resources	MMT	657168	490455
Robex Resources	RBX	639901	639500
Aurcana	AUN	616480	-564125
Goldquest Mining	GQC	581072	-581700
Bear Creek Mining	BCM	494629	8615
Argex Titanium	RGX	421882	-190571
Fire River Gold	FAU	390000	-46000
Largo Resources	LGO	327174	313674
Kiska Metals	KSK	315300	315300
Focus Graphite	FMS	290867	96810
Largest increase in short position
Zenyatta Ventures	ZEN	827173	801143
Robex Resources	RBX	639901	639500
Probe Mines	PRB	1477347	583565
Mart Resources	MMT	657168	490455
Kiska Metals	KSK	315300	315300
Largest decrease in short position
Monument Mining	MMY	4000	-1070000
Goldquest Mining	GQC	581072	-581700
Aurcana	AUN	616480	-564125
CB Gold	CBJ	9425	-371698
Golden Dawn Min.	GOM	75000	-317000