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Metals, Mining and Money Markets

Posted By: Northern Miner Staff May 14, 2012 Volume 98 Number 13 May 14 - 20, 2012

SPOT PRICES
Courtesy of ScotiaBank
Tuesday, May 8, 2012    
Precious Metals Price (US$/oz.) Change
Gold $1627.00 -34.25
Silver $29.58 -1.20
Platinum $1521.00 -42.00
Palladium $640.00 -39.00
     
Base Metals Price (US$/tonne) Change
Nickel $17356.00 -220.00
Lead $2084.25 -15.00
Copper $8092.50 -80.00
Zinc $1976.50 -20.00
LME WAREHOUSE LEVELS
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 7, 2012 (change from April 27 in brackets):
Aluminium Alloy 125140 (-3740)
Aluminium 4990075 (-45550)
Copper 230625 (-21200)
Aluminium 4990075 (-45550)
Copper 230625 (-21200)
Lead 358425 (-4950)
Nickel 104280 (+2520)
Tin 14545 (+140)
Zinc 925550 (+14975)
PRODUCER AND DEALER PRICES
Antimony: Mid-mkt US$13,100.00/t
Bismuth: Mid-mkt US$10.55/lb.
Cadmium: Mid-mkt US$1.08/lb.
Coal: CME Group Central Appalachian Coal Futures June 2012: US$57.85; July 2012: US$58.40
Cobalt: Recent trades US$15.00-16.10/lb.
Copper: Comex Copper Futures June 2012: US$3.65/lb.; Comex July 2012: $3.65/lb.
Indium: Mid-mkt US$580.00/kg.
Iridium: Mid-mkt US$1,068.00/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$14.10-14.20/lb.
Rhodium: Mid-mkt US$1,355.00/tr. oz.
Ruthenium: Mid-mkt US$102.50/tr. oz.
Selenium: Mid-mkt US$63.50/lb.
Silver: Base: US$28.90; Fabricated: US$34.68; Sterling: N.A.
Tantalum: Ta2O5 ore, mid-mkt US$90/lb.
Tin: Kuala Lumpur Tin Market, US$21.40/kg
Tungsten: APT Tungstate FOB China mid-mkt: US$410.00 per mtu; APT U.S. mid-mkt: US$407.50 per mtu
Uranium: U3O8, Trade Tech spot price: US$52.00/lb.; Uranium Exchange Co. spot price: N.A.
Ferrovanadium: Free Market V2O5, recent trades US$6.00-6.25/lb.
Prices current May 9, 2012
DAILY METAL PRICES
Date May 7 May 4 May 3 May 2 May 1
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy N/A 1925/1945.50 1950/1965 1970/1985 1968/1985
Aluminum N/A 2047.50/2088 2047/2088 2064/2107.50 2066/2106
Copper N/A 8295.50/8225 8316/8255.50 8400/8328 8527/8390.50
Lead N/A 2079.50/2089.50 2104/2108 2143/2149 2150/2154
Nickel N/A 17365/17425 17375/17470 17425/17470 17520/17620
Tin N/A 1750/21650 22000/22050 22225/22300 22675/22775
Zinc N/A 1995/1998.50 2000/2008 2028/2037 2048.50/2055.50
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM N/A 1629.50 1642.50 1652.50 1661.25
Gold PM N/A 1643.75 1637.75 1648.00 1664.00
Silver N/A 29.90 30.36 30.52 30.78
Platinum N/A 1530.00 1552.00 1562.00 1566.00
Palladium N/A 663.00 665.00 673.00 681.00
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 C$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
TD 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 7 May 4 May 3 May 2
May 1		 52-week
High Low
TSX Composite 11860.66 11871.23 12014.90 12230.12 12332.79 14314.45 10848.19
S&P/TSX-Ven Comp 1397.42 1405.05 1416.54 1431.21 1431.68 2399.66 1305.53
S&P TSX 60 673.34 673.33 681.79 694.76 701.27 796.30 622.16
Global Gold 295.88 299.43 295.99 307.41 312.47 455.38 299.86
TSX Metals & Mining 933.84 961.39 991.95 1015.07 1037.76 1469.51 751.86
Gold & Silver XAU 155.88 156.76 156.72 162.50 165.34 228.98 153.50
Amex Gold Bugs 416.50 422.00 419.98 437.10 445.31 638.59 412.43
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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