METAL PRICES — FREE MARKET (December 21, 1992)

London Metal Exchange

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

Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9

Copper 1397-1398 1400-1401 1399-1401 1400-1401 1399-1400

Lead 289-290 286-287 287-288 294-295 295-296

Zinc 1047-1048 1047-1048 1060-1061 1053-1054 1058-1059

Aluminum1201-1202 1195-1196 1204-1205 1191-1192 1188-1189

Nickel 5750-5760 5765-5775 5695-5705 5680-5685 5615-5625

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 334.90(334.70) 335.20(335.30) 335.10(334.20) 333.70(333.90) 333.50(333.40) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

333.00-336.50 334.00-337.50 333.50-337.00 332.50-336.00 332.50-336.00 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 237.50(371.70) 238.50(372.80) 244.20(372.40) 238.70(370.50) 237.00(371.40) Silver … Handy & Harman, Toronto (New York) cents per oz.

475.00(370.00) 475.30(371.00) 475.50(370.50) 471.20(368.50) 470.90(368.00) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 364.30 363.50 365.50 364.50 364.30

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 112.30 111.00 111.90 107.00 107.25

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.2790 1.2748 1.2740 1.2734 1.2728

Pound Sterling2.0042 1.9970 1.9823 1.9801 1.9938