Short Position Report

Short positions outstanding at Feb. 15/15 (with changes from Jan.31/15).

TSX Short Positions                
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
New Gold  NGD 33968090 2828024          
Lundin Mining  LUN 27600796 -1592882          
PotashCorp POT 23777191 1760323          
B2Gold BTO 13671238 -1679819          
Detour Gold DGC 13564859 -1283864          
Thompson Creek Mtl TCM 11112786 -459567          
Barrick Gold ABX 10569318 -843933          
Kinross Gold K 10252261 151627          
Rio Alto Mining RIO 9788274 -330005          
Argonaut Gold AR 9480309 -569763          
Teck Resources TCK.B 9418141 -116855          
Yamana Gold YRI 8385739 -7739815          
First Majestic Silver FR 7103882 563937          
Paramount Res. POU 6852902 -342203          
Iamgold  IMG 6700808 963572          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
New Gold NGD 33968090 2828024          
PotashCorp POT 23777191 1760323          
Dalradian Res. DNA 1757600 1445600          
Iamgold  IMG 6700808 963572          
First Majestic Silver FR 7103882 563937          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Yamana Gold YRI 8385739 -7739815          
Richmont Mines  RIC 831300 -2289900          
B2Gold BTO 13671238 -1679819          
Lundin Mining  LUN 27600796 -1592882          
Asanko Gold AKG 964152 -1494130          
                 
TSX Venture Short Positions                
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Vendetta Mining   VTT 974500 974500          
Pure Energy Minerals  PE 500000 498800          
Brades Resource  BRA 413000 413000          
Niocorp Developments  NB 397156 310700          
Panoro Minerals  PML 355500 344000          
Baja Mining  BAJ 282000 282000          
Zenyatta Ventures  ZEN 251295 -36000          
Monster Uranium  MU 233000 233000          
Pure Gold Mining  PGM 225000 225000          
Estrella Gold  EST 185000 185000          
Canoe Mining Vent.  CLV 172000 97000          
Commerce Resources  CCE 168500 137000          
Brazil Resources  BRI.WT 144000 142000          
Roxgold  ROG 132181 -19900          
Orca Gold  ORG 130100 129500          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Vendetta Mining  VTT 974500 974500          
Pure Energy Minerals  PE 500000 498800          
Brades Resource BRA 413000 413000          
Panoro Minerals PML 355500 344000          
Niocorp Developments  NB 397156 310700          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Graphite One Resources  GPH 10000 -600000          
Macusani Yellowcake  YEL 200 -468000          
True Gold Mining  TGM 32528 -369300          
Currie Rose Resources  CUI 0 -305000          
Minaurum Gold  MGG 0 -303000          
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