METAL PRICES — FREE MARKET (July 26, 1993)

London Metal Exchange

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

Date July 20 July 19 July 16 July 15 July 14

Copper 1894-1895 1917-1918 1913-1915 1925-1927 1917-1919

Lead 390-391 388-389 391-392 391-392 388-389

Zinc 934-935 922-923 924-925 929-930 943-944

Aluminum1181-1182 1178-1179 1185-1186 1190-1191 1179-1180

Nickel 4855-4860 4961-4965 5005-5015 5100-5110 5090-5100

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 391.50(392.10) 392.80(394.80) 393.65(392.00) 391.80(392.70) 395.70(394.40) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

390.00-393.50 393.00-396.50 391.00-394.50 392.00-395.50 390.00-393.50 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 335.60(504.50) 339.70(506.90) 339.90(504.50) 328.60(492.50) 341.20(509.50) Silver … Handy & Harman, Toronto (New York) cents per oz.

640.20(503.50) 653.20(509.00) 648.70(505.00) 650.50(505.50) 636.90(494.50) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 405.75 407.00 406.00 408.00 404.00

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 139.00 138.00 137.50 137.50 135.75

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.2780 1.2785 1.2775 1.2811 1.2832

Pound Sterling 1.9304 1.9162 1.8990 1.9095 1.9293