TSE Short Positions (May 14, 2001)

Short positions outstanding at April 30, 2001

Larger individual positions include:

Alcan Inc. 1,106,907 up 358,359; Algoma Steel Inc. 248,500 up 246,500; Anderson Exploration Ltd. 4,374,970 down 407,583; Barrick Gold Corp. 10,534,596 up 4,897,010; Boliden Limited 3,385,614 down 157,226; Brascan Corp. Cl ‘A’ 1,603,203 up 454,224; Canabrava Diamond Corp. 327,700 down 105,500; Cominco Ltd. 3,464,591 down 352,452; Diamondworks Ltd. 106,350 up 106,350; Dofasco Inc. 1,794,286 up 89,558; Echo Bay Mines Ltd. 126,096 up 71,469; Franco-Nevada Mining Corp. 2,062,429 down 83,018; GGL Diamond Corp. 200,000 down 259,000; Hillsborough Resources Ltd. 208,800 down 141,200; Kinross Gold Corp. 1,312,239 down 167,938; Namibian Minerals Corp. 205,806 down 74,085; Pacific North West Capital Corp. 171,873 up 51,473; Placer Dome Inc. 3,942,530 up 552,434; Sherritt Int’l Corp. 9,740,859 up 1,095,092; Suncor Energy Inc. 598,869 down 215,341; Teck Corp. Cl ‘B’ 4,167,315 up 631,490; TVX Gold Inc. 342,518 up 99,000