TSE Short Positions (November 12, 2001)

Short positions outstanding at October 31, 2001

Larger individual positions include:

Agnico-Eagle 397,538 up 106,712; Alcan Inc. 1,060,550 down 83,684; Barrick Gold 10,769,044 down 550,619; Boliden 3,390,120 down 733765; Brascan Cl ‘A’ 1,381,146 down 391,093; Dofasco 2,049,908 up 59,591; Echo Bay Mines. 659,801 up 89,158; Falconbridge 601,490 up 75,371; Franco-Nevada 4,190,121 down 434,440; Gabriel Resources 122,910 up 122,910; Inco 8,823,600 up 854,636; Kinross Gold 4,786,486 up 666,020; Noranda 2,290,328 up 162,382; Pan American Silver 232,680 up 109,550; Placer Dome 1,994,785 down 277,833; Rio Alto 2,283,811 up 127,413; Sherritt Int’l 11,419,953 down 64,190; Teck Cominco Cl ‘B’ 7020,950 down 360079; TVX Gold 124,840 down 128,600