Metal Prices (September 30, 1991)

ALUMINUM: MW U.S. market US56.50-58.00 cents per lb. (Sep. 12, 1991).

ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.15-3.25 per lb. (Jul. 18, 1991). CADMIUM: New York dealer US$1.95-2.10 per lb. (Sep. 5, 1991). COBALT: U.S. spot cathode US$14.75-15.15 per lb. (Sep. 12, 1991). COPPER: CANADA Hudson Bay Mining and Smelting, cathode, $1.29 per lb. (Sep. 20, 1991). UNITED STATES Asarco Inc., US$1.12 per lb. (Sep. 11, 1991). IRON ORE: UNITED STATES M.A. Hanna Co., delivered Lake Erie ports, taconite pellets US74.65 cents per long ton unit of Fe. (May 15, 1989). LEAD: CANADA Noranda Sales, 40 cents per lb. (Sep. 24, 1991). UNITED STATES, US35 cents per lb. (Sep. 24, 1991).

MAGNESIUM: U.S., f.o.b. Freeport, ingot 99.8%, US$1.43 per lb. (Dec. 3, 1990). MOLYBDENUM: MW dealer oxide US$2.27-2.31 per lb. (Sep. 12, 1991). NICKEL: New York dealer cathode US$3.59-3.75 per lb. (Sep. 12, 1991). PALLADIUM: Impala Palladium US$150 per oz. (Aug. 28, 1986). MW New York dealer $81.00-82.50 per oz. (Sep. 12, 1991).

PLATINUM: Impala Platinum US$600 per oz. (Aug. 28, 1986). MW New York dealer $346-350 per oz. (Sep. 12, 1991).

RHODIUM: Impala Rhodium US$5,100 per oz. (Jul. 2, 1990). MW New York dealer $2,900-2,950 per oz. (Sep. 12, 1991).

TIN: MW New York dealer (weekly avg.) US$2.5725 per lb. (Sep. 12, 1991). TUNGSTEN: MW U.S. spot ore US$60-65 per ton unit (Aug. 15, 1991). URANIUM: NUEXCO Exchange Value as of Jul. 31, 1991: US$8.55 per lb. U3O8. NUKEM spot market for July, 1991: US$8.70-9.10 per lb. U3O8.

London Metal Exchange

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

Date Sep 24 Sep 23 Sep 20 Sep 19 Sep 18

Copper 1322-1323 1347-1348 1365-1366 1339-1340 1326-1327

Lead 307-308 308-309 309-310 309-310 310-311

Zinc 1010-1012 1017-1018 1027-1028 1029-1030 1027-1029

Aluminum1168-1169 1176-1178 1188-1189 1188-1189 1204-1206

Nickel 7500-7515 7430-7440 7495-7500 7475-7500 7620-7630

Spot Gold, Silver, Platinum and Palladium prices

Gold … London Bullion Dealers afternoon (morning) $US per oz. 351.90(351.25) 349.25(349.05) 348.60(347.55) 348.60(349.55) 348.30(348.00) Gold … Bank of Nova Scotia, noon bid/ask $US per oz.

350.00-354.00 347.00-351.00 346.00-350.00 347.00-351.00 346.00-350.00 Silver … London Bullion Dealers, spot morning pence (US cents) per oz. 244.60(424.50) 236.50(412.30) 236.30(407.30) 236.90(409.50) 236.10(409.40) Silver … Handy & Harman, Toronto (New York) cents per oz.

479.60(421.00) 469.00(411.50) 463.10(406.00) 462.00(404.50) 463.90(406.00) Platinum … Guardian Trust, Interbank closing $US per oz.

356.00 354.00 353.00 353.00 353.00

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

83.00 82.00 82.00 82.00 82.00

Exchange Rates Canadian funds. Courtesy of the Bank of Montreal Treasury Group U.S. Dollar 1.1339 1.1342 1.1343 1.1352 1.1370

Pound Sterling 1.9588 1.9770 1.9635 1.9628 1.9664