METAL PRICES — FREE MARKET (January 11, 1993)

London Metal Exchange

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

Date Jan. 5 Jan. 4 Jan. 1 Dec. 31 Dec. 30

Copper N/A 1560-1561 N/A 1505-1506 1500-1502

Lead 297-298 303-304 N/A 295-296 300-301

Zinc 1058-1060 1067-1068 N/A 1057-1058 1058-1060

Aluminum1222-1223 1236-1237 N/A 1231-1232 1240-1241

Nickel 6335-6345 6165-6170 N/A 5915-5920 5835-5845

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 328.60(328.80) 328.25(329.40) N/A 333.25(332.90) 332.90(332.10) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

327.50-331.00 327.00-330.50 N/A 331.00-334.50 331.00-334.50

Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 241.20(365.40) 243.20(366.00) N/A 242.60(367.00) 243.60(366.30) Silver … Handy & Harman, Toronto (New York) cents per oz.

468.50(365.00) 467.70(364.00) N/A N/A(367.00) N/A(366.00)

Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 357.50 354.70 N/A 353.50 355.50

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 109.00 108.05 N/A 105.00 104.85

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.2765 1.2817 N/A 1.2709 1.2690

Pound Sterling 1.9786 1.9232 N/A 1.9197 1.9178