METALS PRICES — FREE MARKET (May 24, 1993)

London Metal Exchange

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

Date May 18 May 17 May 14 May 13 May 12

Copper 1171-1172 1129-1130 1146-1147 1213-1214 1176-1177

Lead 259-260 259-260 265-266 267-268 266-267

Zinc 967-968 959-960 965-966 999-1000 1010-1011

Aluminum1122-1123 1117-1118 11249-1125 1129-1130 1123-1124

Nickel 5663-5668 5535-5540 5685-5690 5890-5900 5920-5930

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 367.80(366.60) 369.25(367.85) 368.20(366.60) 367.00(367.00) 356.20(356.00) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

369.50-373.00 366.00-369.50 366.00-369.50 367.00-370.50 354.50-358.00 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 288.00(440.30) 289.50(446.20) 289.10(443.50) 295.70(452.00) 275.00(423.30) Silver … Handy & Harman, Toronto (New York) cents per oz.

574.00(449.00) 566.30(442.00) 569.40(445.00) 578.40(452.50) 549.90(429.50) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 388.30 384.70 385.50 391.00 385.00

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 122.00 120.75 120.00 123.00 122.00

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.2682 1.2761 1.2742 1.2724 1.2737

Pound Sterling 1.9471 1.9601 1.9610 1.9366 1.9539