TSE SHORT POSITIONS (June 12, 1995)

Short positions outstanding at May 15, 1995.

Larger individual positions included: Aber Res. 48,500; Agnico-Eagle 108,080; Asia Pacific 75,000; Baja Gold 71,500; Bema Gold 1,047,100; Breakwater 287,800; B.Y.G. Res. 59,100; Caledonia M’g. 291,935; Cambior 331,600; Campbell Res. 888,900; Canadian Natural Res. 150,600; Chase 101,400; Comaplex Minerals 36,900; Cominco Ltd. 93,700; Cons. Ramrod 106,000; CS Res. 139,200; Dayton M’g. 1,555,800; Diamond Fields 53,900; Dofasco 3,340,666; Dorset Expl. 103,200; Echo Bay 705,800; Eden Roc. 44,200; Ego Res. 239,200; Euro-Nevada 547,100; Exall Res. 146,500; Falconbridge 30,900; First Dynasty 44,400; Franco-Nevada M’g. 92,158; Granges 200,900; Hemlo Gold 678,502; Inco 472,600; Intensity Res. 98,405; Kinross Gold 1,965,838; Lytton Min. 352,500; Mark Res. 87,770; Marshall Minerals 2,006,800; Metall M’g. 1,440,542; Noranda 742,575; Novicourt 482,400; Orvana Min. 67,400; Pan American Silver 90,451; Pegasus 183,900; Petromet Res. 211,000; Placer Dome 1,401,425; Potash Corp. of Sask. 88,658; Profco Res. 28,000; Ranchmen’s Res. 406,600; Rio Algom 285,300; San Fernando M’g. 95,600; Sceptre 68,900; Sherritt Inc. 176,200; Southwestern Gold 76,700; Teck svB 1,536,659; Tombstone Expl. 46,000; TVX Gold 545,400; United Keno 51,400; Vengold 26,000; Western Garnet 548,400; Wheaton River 67,500.