MINING MARKET & INVESTMENT NEWS — TSE Short Positions

Short positions outstanding at March 31, 1999

Larger individual positions include:Abitibi-Consolidated 956,778, up 463,778; Alcan Aluminium 845,904, up 215,568; American Gem 111,065, up 111,065; Anderson Exploration 111,452; Barrick Gold 8,333,174, down 1,223,174; Boliden 974,000, up 788,700; Bonus Resource 153,600, up 138,600; Bowridge Resource 170,265; Campbell Resources 246,230, down 187,880; Canadian Natural Resources 169,692; Cominco 304,477, up 146,957; Consolidated Samarkand Resources 419,000, up 419,000; Dayton Mining 204,750, down 266,000; Dejour Mines 780,742, up 770,742; Echo Bay Mines 247,800, down 116,800; Euro-Nevada Mining 2,458,976; Franco-Nevada Mining 1,204,551, up 63,753; Glamis Gold 318,200, down 1,007,000; Goldcorp Cl A 318,254; Greenstone Resources 232,139; Greenstone Res Wt J 111,254; Gulf Canada Resources 583,185, up 87,268; Hyduke Capital Resources 502,200, up 502,200; Inco 5,462,463, down 220,713; Inmet Mining 250,156, up 172,700; Kinross Gold 237,946, up 167,114; Miramar Mining 300,000, up 300,000; Noranda793,935; Nuinsco Resources 598,700; Pacalta Resources 284,200; Pan American Silver 214,900; Pioneer Natural Resources 212,200; Placer Dome 3,355,967, up 351,773; Probe Exploration 1,472,929, down 50,922; Rio Algom 2,600,940; Royal Oak Mines 2,036,000; Sherritt Int’l RV 17,150,755, down 637,322; Tiomin Resources 182,300; Trans-Global Resources N.L. 260,000, up 260,000; TVX Gold 597,057, up 229,557, up 229,557; Vengold 167,255; William Resources 630,115, up 87,398; Yorbeau Resources 126,500, up 111,500.