METAL PRICES — FREE MARKET (July 12, 1993)

London Metal Exchange

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

Date July 6 July 5 July 2 July 1 June 30

Copper 1939-1940 1946-1947 1923-1924 1914-1916 1242-1244

Lead 376-377 384-385 388-389 388-390 258-259

Zinc 919-920 923-924 926-927 919-920 926-927

Aluminum1230-1231 1240-1241 1239-1240 1225-1226 1232-1233

Nickel 5153-5163 5280-5290 5345-5350 5335-5340 5365-5370

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 387.60(391.65) 387.25(388.10) 390.00(388.10) 377.85(379.00) 379.00(378.45) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

389.00-392.50 385.00-388.50 384.00-387.50 N/A 376.50-380.00

Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 336.90(N/A) 323.80(488.50) 319.70(483.50) 303.70(454.80) 303.60(457.50) Silver … Handy & Harman, Toronto (New York) cents per oz.

653.10(506.00) N/A(N/A) N/A(486.50) N/A(471.00) 586.00(455.00) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 407.50 393.50 390.00 393.00 385.00

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 138.50 138.00 139.00 140.00 137.50

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.2842 1.2850 1.2872 N/A 1.2820

Pound Sterling1.9308 1.9442 1.9405 N/A 1.9127