TSE Short Positions (May 20, 1996)

Short positions outstanding at April 30, 1996

Larger individual positions included: Abacan 181,400; Barrick Gold 9,515,380; Agnico-Eagle 433,993; Algoma Steel 232,623; Asia Pacific 108,200; Arequipa Res. 168,400; Anvil Range 357,700; Aur Resources 125,900; Anderson 514,400; Bema Gold 3,977,878; BGR Precious Metals 103,515; Caledonia Mining 220,200; Cambior 108,680; Campbell 1,561,275; Cominco 433,054; CS Resources 1,702,446; Dayton M’g 1,694,338; Diamond Fields 104,476; Echo Bay Mines 327,409; Eldorado 353,139; Euro-Nevada 227,552; Falconbridge 1,125,860; Gold Reserve 150,200; Gulf Canada 244,619; Greenstone 2,130,108; Golden Star 179,050; Golden Shamrock 4,159,261; Granges 122,996; Hemlo Gold 717,603; Itec-Mineral 254,600; Inmet Mining 1,463,221; Kinross Gold 1,472,351; Kazakhstan 140,400; KWG Resources 193,400; Moss Res. 117,800; Muscocho Expl.

141,400; Inco 2,215,948; Norcen Energy 562,817; Northfield 100,500; Noranda 1,360,040; Novicourt 776,400; Northrock 155,600; Placer Dome 2,629,753; Pegasus Gold 352,610; Princeton Mining 1,441,000; Profco Res. 123,500; Rea Gold 320,000; Royal Oak 149,500; Southern Africa 104,600; St. Genevieve 293,600; Sikaman Gold 103,500; TVX Gold 560,809; United Keno Hill 407,700; Viceroy Res. 167,612; William Res. 1,238,800; Westmin Res. 641,250.