METAL PRICES — FREE MARKET (July 20, 1992)

London Metal Exchange

Spot closing prices in $US per tonne, except copper and lead (pounds ster ling per tonne)

Date July 14 July 13 July 10 July 9 July 8

Copper 1310-1311 1301-1302 1294-1295 1332-1333 1311-1312

Lead 311-312 311-312 316-317 317-318 315-316

Zinc 1291-1292 1291-1293 1301-1303 1304-1306 1299-1301

Aluminum 1291-1292 1294-1298 1297-1298 1302-1303 1316-1317

Nickel 7365-7375 7440-7450 7525-7535 7555-7565 7610-7620

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 349.30(350.40) 348.60(348.90) 348.70(348.75) 347.25(347.20) 347.50(347.70) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

348.00-351.50 347.00-350.50 347.00-350.50 346.00-349.50 346.00-349.50 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 205.80(395.00) 204.20(393.60) 207.60(396.50) 204.60(390.70) 202.40(390.60) Silver … Handy & Harman, Toronto (New York) cents per oz.

471.90(393.50) 470.50(392.50) 471.40(393.50) 496.90(391.50) 465.20(388.50) Platinum … Guardian Trust, Interbank closing $US per oz.

387.00 388.00 385.00 386.00 381.00

Palladium … Guardian Trust, Interbank closing $US per oz.

88.00 87.00 85.00 84.00 83.00

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.1923 1.1923 1.1945 1.1910 1.1910

Pound Sterling 2.2886 2.3005 2.2964 2.2629 2.2980