Short Position Report (March 22, 2011)

TSX Short Positions                
                 
Short positions outstanding at Mar. 15/11 (with changes from Feb. 28/11).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Uranium One  UUU 47594561 -3083769          
New Gold  NGD 33166094 13293812          
Equinox Minerals  EQN 26649645 -3494427          
Quadra FNX Mining  QUX 22169186 9307509          
Great Basin Gold  GBG 21916071 -827678          
Thompson Creek Metals  TCM 21755599 214097          
Semafo  SMF 16814267 -36318          
Osisko Mining  OSK 15844728 -1147160          
Eldorado Gold  ELD 15462956 6295058          
Lundin Mining  LUN 14331366 -11656877          
Silver Wheaton  SLW 11325474 -6078515          
Teck Resources  TCK.B 9573652 -343142          
Consolidated Thompson Iron  CLM 9054795 -1124139          
Crocodile Gold  CRK 8670206 6082011          
Kinross Gold  K 7824629 -2732118          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
New Gold  NGD 33166094 13293812          
Quadra FNX Mining  QUX 22169186 9307509          
Eldorado Gold Corporation ELD 15462956 6295058          
Crocodile Gold Corp. J CRK 8670206 6082011          
Alacer Gold Corp. J ASR 5469789 4091622          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Lundin Mining  LUN 14331366 -11656877          
Gabriel Resources  GBU 1862824 -8088274          
Yamana Gold  YRI 2880497 -7993683          
Silver Wheaton  SLW 11325474 -6078515          
Ivanhoe Mines  IVN 3918281 -5720678          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at Mar. 15/11 (with changes from Feb. 28/11)
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Buchans Minerals  BMC 6020000 6020000          
Great Western Minerals  GWG 5542727 -208587          
Belo Sun Mining  BSX 3568600 3528100          
Canaco Resources  CAN 3435000 516651          
Axmin  AXM 2680000 1316717          
North American Tungsten  NTC 1964000 1784500          
Aurcana  AUN 1910358 31743          
UNX Energy  UNX 1839697 1826396          
Western Potash  WPX 1602572 517237          
U3o8 Corp. UWE 1550792 6878          
Ethiopian Potash  FED 1525000 1525000          
U.S. Silver  USA 1485957 568292          
Solid Resources  SRW 1431000 1386000          
Adroit Resources  ADT 1403000 1023000          
Titan Uranium  TUE 1347200 192000          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Buchans Minerals  BMC 6020000 6020000          
Belo Sun Mining  BSX 3568600 3528100          
UNX Energy  UNX 1839697 1826396          
North American Tungsten  NTC 1964000 1784500          
Ethiopian Potash  FED 1525000 1525000          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Castillian Resources  CT 79500 -3297634          
Continental Minerals  KMK 2100 -1359283          
Eso Uranium  ESO 0 -1000000          
Terreno Resources  TNO 0 -885334          
Argex Mining  RGX 679422 -779614          
                 
                 
                 
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