METAL PRICES — FREE MARKET (July 18, 1994)

London Metal Exchange

Spot closing prices in $US per tonne Date July 12 July 11 July 8 June 7 July 6

Copper 2431-2432 2426.5-2428.5 2448-2449 2377-2378 2460-2461 Lead 581.5-582.5 584.5-585.5 581-582 559-560 561-562

Zinc 963.5-964.5 961.5-962.5 959-960 949.5-950.5 939-940

Aluminum 1520.5-1521.5 1523-1524 1522-1523 1482-1483 1482.5-1483.5 Nickel 6275-6285 6255-6265 6175-6190 6060-6070 6135-6145

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 386.30(385.75) 385.75(384.40) 383.15(383.40) 383.00(383.90) 385.50(385.75) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

385.00-388.50 386.00-389.50 382.00-385.50 382.00-385.50 382.00-385.50 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 338.30(531.50) 336.40(524.80) 339.40(523.80) 340.10(524.00) 344.50(531.80) Silver … Handy & Harman, Toronto (New York) cents per oz.

732.60(527.50) 737.80(528.5) N/A(535.00) 730.20(524.00) 734.10(529.50) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 409.75 407.50 403.50 406.50 406.00

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 147.00 146.75 145.50 145.25 144.00

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.3847 1.3865 1.3892 1.3882 1.3845

Pound Sterling 2.1726 2.1789 2.1540 2.1385 2.1406