METAL PRICES — FREE MARKET (December 12, 1994)

London Metal Exchange

Spot closing prices in $US per tonne Date Dec. 6 Dec. 5 Dec.2 Dec. 1 Nov. 30

Copper 2912-2913 2938-2940 2984-2985 2948-2950 2955-2958

Lead 630-631 637-638 652-654 637-638 636.5-637.5

Zinc 1108.5-1109.5 1109-1110 1146.5-1147.5 1121-1122 1129-1130 Aluminum1836-1837 1874-1875 1919-1920 1920-1921 1910-1911

Nickel 8640-8650 8830-8840 8825-8835 8060-8070 8025-8035

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 375.75(376.55) 376.60(377.30) 379.00(378.95) 380.10(381.20) 383.10(383.35) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

381.50-385.00 374.00-377.50 375.00-378.50 377.50-381.00 380.50-384.00 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 297.50(474.00) N/A 314.80(493.20) 313.80(491.80) 324.70(507.50) Silver … Handy & Harman, Toronto (New York) cents per oz.

637.80(464.80) 638.40(463.00) 676.20(491.00) 675.20(489.00) 695.20(503.50) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 402.00 402.50 400.00 401.00 404.50

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 155.50 155.00 156.50 153.50 154.50

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.3735 1.3728 1.3710 1.3775 1.3760

Pound Sterling2.1465 2.1381 2.1499 2.1585 2.1544