TSE SHORTS (December 14, 1998)

Short positions outstanding at November 30, 1998

Larger individual positions include: Abitibi-Consolidated 1,299,255, up 160,265; Alcan Aluminium 1,128,040, down 230,566; Asia Pacific Resources 132,700; Barrick Gold 18,618,177, down 1,233,399; Blue Range Resources 157,300, up 125,600; Campbell Resources 451,530; Canadian Natural Resources 109,096, down 140,561; Dayton Mining 607,087; Denison Mines 107,500; Dynatec 203,500; Echo Bay Mines 441,380; Eldorado Gold 588,535, down 171,700; Elk Point Resources 160,400, up 160,400; Euro-Nevada Mining 1,339,157, up 117,208; Falconbridge 310,111; Fortune Minerals 113,900; Franco-Nevada Mining 1,297,854, down 80,106; Glamis Gold 213,500, up 118,500; Greenstone Resources 237,800; Greenstone Resources Wt J 110,460; Gulf Canada Resources 862,004, down 390,159; Inco 5,086,735, down 180,157; Kap Resources 103,300; Kinross Gold 272,509; Noranda 1,023,202, down 66,611; Pacalta Resources 340,700; Placer Dome 2,136,816, down 276,996; Probe Exploration 830,500; Rea Gold 1,100,500; Rio Algom 2,650,364, down 101,785; Royal Oak Mines 2,106,573; Tiomin Resources 191,800; TVX Gold 830,057, up 604,985; Vengold 238,200; Vista Gold 844,000; Westminster Resources 250,000, up 249,500;William Resources 2,246,816.