TSE SHORT POSITIONS (February 16, 1998)

Short positions outstanding at January 30, 1998

Larger individual positions include:Barrick Gold 15,656,134, up 4,624,658; Black Swan Gold 386,700, up 286,200; Caledonia Mining 91,500, up 89,000; Campbell Resources 4,519,878, down 612,300; Dayton Mining 1,018,144, down 357,462; Echo Bay Mines 1,138,150, down 744,350; Inco 2,674,055, down 337,610; KWG Resources 1,666, down 65,279; Meridian Gold 93,900, up 92,300; Pegasus Gold 940,020, down 551,080; Pinnacle Resources 2,700, down 530,170; Placer Dome 1,265,274, up 399,800; Princeton Mining 3,892,510; Rio Algom 2,089,569, up 4,624,658; Royal Oak Mines 2,359,500, down 410,500; Santa Cruz Gold 430,600, up 413,800; Triton Mining 58,100, up 56,100; Vermilion Resources 144,500, up 143,100; Westmin Resources 12,100, down 397,800; William Resources 1,422,601, down 1,883,766.