METAL PRICES — FREE MARKET (January 25, 1993)

London Metal Exchange

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

Date Jan. 19 Jan. 18 Jan. 15 Jan. 14 Jan. 13

Copper 1427-1428 1433-1434 1445-1446 1438-1439 1443-1464

Lead 277-278 280-281 283-284 283-284 281-282

Zinc 1060-1062 1057-1058 1062-1063 1057-1059 1052-1053

Aluminum1212-1213 1212-1213 1214-1216 1176-1177 1220-1221

Nickel 5796-5805 5760-5770 5805-5810 5830-5840 5990-5991

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 329.00(329.05) 328.15(327.90) 327.70(327.45) 327.65(328.00) 327.55(327.85) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

327.00-330.50 326.50-330.00 326.00-329.50 326.00-329.50 326.00-329.50 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 238.80(368.70) 237.40(367.30) 238.30(366.70) 239.60(369.20) 237.70(366.90) Silver … Handy & Harman, Toronto (New York) cents per oz.

472.50(368.00) 470.40(366.50) 471.90(366.00) 471.70(367.00) 472.30(366.50) Platinum … Bendix Foreign Exchange, Interbank closing $US per oz. 360.40 357.75 361.50 361.00 359.75

Palladium … Bendix Foreign Exchange, Interbank closing $US per oz. 108.00 109.00 107.00 109.00 108.75

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.2782 1.2765 1.2813 1.2792 1.2778

Pound Sterling1.9761 1.9797 1.9617 1.9674 1.9797