METAL PRICES — FREE MARKET (January 23, 1995)

London Metal Exchange

Spot closing prices in $US per tonne Date Jan. 17 Jan. 16 Jan. 13 Jan. 12 Jan. 11

Copper 2973-2976 2983-2985 3028.5-3029.5 3013-3014 3009-3010 Lead 645-646 653-654 669.5-670.5 648-649 654-655

Zinc 1144-1145 1141-1142 1140-1141 1139-1140 1139-1140

Aluminum2057-2058 2050-2051 2030-2032 2018-2019 1996-1997

Nickel 9660-9670 9550-9560 9615-9620 9565-9575 9305-9315

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 379.80(377.90) 377.55(377.45) 380.50(376.50) 380.50(377.60) 375.60(375.00) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

377.50-381.00 376.00-379.00 377.00-380.00 379.50-382.50 373.50-377.00 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 305.90(480.00) 303.80(476.90) 308.40(484.00) 339.10(473.80) 299.10(467.80) Silver … Handy & Harman, Toronto (New York) cents per oz.

695.70(487.50) N/A(478.50) 684.10(483.00) 690.30(485.50) 666.00(469.00) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 418.50 416.00 416.50 419.00 412.00

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 158.00 157.25 158.25 160.25 159.00

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.4187 1.4098 1.4110 1.4175 1.4108

Pound Sterling2.2231 2.2103 2.2124 2.2304 2.2006