METAL PRICES FREE MARKET (July 08, 1991)

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

Date July 2 July 1 June 28 June 27 June 26

Copper 1412-1413 1402-1403 1396-1398 1371-1373 1379-1381

Lead 343-344 341-342 344-346 341-342 342-343

Zinc 1068-1070 1077-1079 1065-1067 1065-1067 1065-1067

Aluminum 1323-1325 1323-1324 1325-1326 1308-1310 1290-1293

Nicke l 8625-8650 8560-8570 8445-8460 8355-8357 8370-8375

Spot Gold, Silver, Platinum and Palladium prices

Gold London Bullion Dealers afternoon (morning) $US per oz. 367.10(366.65) 368.90(368.65) 368.35(366.90) 364.80(365.30) 366.10(366.00)

Gold Bank of Nova Scotia, noon bid/ask $US per oz. 366.00-370.00 — 367.00-371.00 363.00-367.00 364.00-368.00

Silver London Bullion Dealers, spot morning pence (US cents) per oz. 274.90(442.40) 273.80(445.30) 274.50(445.60) 266.60(435.50) 271.30(441.80)

Silver Handy & Harman, Toronto (New York) cents per oz. 506.50(441.00) –(445.00) 508.80(443.50) 500.40(434.50) 498.40(434.50)

Platinum Guardian Trust, Interbank closing $US per oz. 380.00 378.00 376.00 371.00 372.00

Palladium Guardian Trust, Interbank closing $US per oz. 97.00 97.00 97.00 97.00 97.00

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group

U.S. Dollar 1.1424 — 1.1417 1.1420 1.1422

Pound Sterling 1.8313 — 1.8518 1.8643 1.8715

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