Metal Prices FUTURES PRICES (August 17, 1987)

N.Y. Commodity Exchange

Week’s

High Low Close Change COPPER (in US cents per lb.) Aug. — — 79.60 + 0.55 Sept. 79.45 78.60 79.40 + 1.05 Dec. 77.90 77.20 77.85 + 1.15 SILVER (in US cents per oz.) Aug. 786.00 786.00 782.40 –100.30 Sept. 794.00 777.00 785.50 –102.00 Dec. 808.50 792.00 800.70 –104.20 GOLD (in US$ per oz.) Aug. 464.40 460.00 464.20 –13.40 Sept. 464.50 462.50 466.00 — Oct. 469.40 463.60 468.60 –14.30 N.Y. Mercantile Exchange PLATINUM (in US$ per oz.) Oct. 642.00 632.80 637.40 –11.30 Jan. 648.00 640.00 644.50 –12.00 April 653.50 648.50 651.50 —

** 13 **

** Dickenson strike cuts production **

A 17-day strike at Dickenson Mines’ Red Lake operation affected gold production during the 6-month period ending June 30, the company says.

According to a first half interim report, Dickenson’s share of gold production at the property was 19,200 oz compared with 21,600 oz during the same period in 1986.

However, net income for the period was $3,006,000 or 21 cents per share compared to $1,318,000 or 12 cents per share in 1986. Net revenues for the 6-month period were $20,584,000, up from $16,645,000 a year earlier.

Operating income of $5,034,000 compared to $2,489,000 in 1986.

The June strike ended after Dickenson concluded a new 3-year collective bargaining agreement with members of Local 950 of the United Steel Workers of America. Under the agreement which provides for improvements to the employees’ pension plan and other fringe benefits, wages will increase by 4% annually

Dickenson shares were trading recently on the Toronto Stock Exchange at $14.63, just below its 52-week high of $17 but well above its $7.63 low point.