Short Position Report

TSX Short Positions                
                 
Short positions outstanding at Aug 31/11 (with changes from Aug 15/11).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
New Gold  NGD 34184184 -604837          
Quadra FNX  QUX 32123298 -820208          
Osisko Mining  OSK 30029426 -1953772          
Uranium One  UUU 26615149 228004          
Semafo  SMF 21744953 482143          
Thompson Creek Metals  TCM 19118978 2438354          
Lundin Mining  LUN 17288947 127971          
Yamana  YRI 12132084 -8050801          
Great Basin Gold  GBG 11605276 721511          
Grande Cache Coal  GCE 10864760 335487          
Alacer Gold  ASR 10090595 782500          
Eldorado Gold  ELD 9978630 4924576          
Teck Resources  TCK.B 9972744 3467893          
New Gold  NGD.WT.B 9821200 9821200          
Kinross Gold K 8811595 -1479575          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
New Gold  NGD.WT.B 9821200 9821200          
Eldorado Gold  ELD 9978630 4924576          
Teck Resources  TCK.B 9972744 3467893          
Thompson Creek  TCM 19118978 2438354          
ECU Silver Mining  ECU 8004355 2272125          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Yamana Gold  YRI 12132084 -8050801          
Cameco  CCO 4743886 -5181903          
Ivanhoe Mines  IVN 5261647 -3711000          
Timmins Gold  TMM 69893 -2291151          
Osisko Mining  OSK 30029426 -1953772          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at Aug 31/11 (with changes from Aug 15/11)
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Gold Canyon  GCU 479238 33406          
Hana Mining  HMG 450000 228200          
Focus Metals  FMS 410500 3665          
Royal Coal  RDA 398034 543          
Andina Minerals  ADM 392100 63000          
Radius Gold  RDU 370942 40690          
Tigray Resources  TIG 366362 366362          
St. Elias Mines  SLI 347400 330800          
Castle Resources  CRI 306500 -650          
Nq Exploration  NQE 273385 272881          
Batero Gold  BAT 265300 9700          
Balmoral Resources  BAR 260395 115600          
Midway Gold  MDW 251730 -23050          
Scorpio Gold  SGN 243615 104115          
Azure Resources  AZU 243000 -201000          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Tigray Resources  TIG 366362 366362          
St. Elias Mines  SLI 347400 330800          
NQ Exploration  NQE 273385 272881          
Lion One Metals  LIO 240900 240500          
Meadow Bay Gold  MAY 230300 230300          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Atlanta Gold  ATG 5514 -1424145          
Eastcoal  ECX 0 -990000          
U3o8 Corp.< /td>

UWE 2500 -967248          
Cobalt Coal  CCF 0 -833332          
Dorato Resources  DRI 33500 -648500          
                 
                 
                 
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