TSE SHORT POSITIONS (December 28, 1998)

Short positions outstanding at December 15, 1998

Larger individual positions include: Abitibi Consolidate 1,378,380, up 79,125; Alcan Aluminium 1,355,391, up 227,351; Asia Pacific Resources 140,600; Barrick Gold 19,290,617, up 672,440; Big Bear Exploration 652,500, up 652,500; Blue Range Resource 157,300; Canadian Hunter Exploration 533,286, up 533,286; Dayton Mining 809,638, up 202,551; Echo Bay Mines 401,400; Eldorado Gold 588,535; Euro-Nevada Mining 1,599,702, up 260,545; Falconbridge 418,487, up 108,376; Fortune Minerals 119,200; Franco-Nevada Mining 1,489,804, up 191,950; Glamis Gold 272,302; Greenstone Resources 329,700, up 91,900; Greenstone Res Wt J 109,944; Gulf Canada Resources 839,904; Inco 4,904,597, down 182,138; Kinross Gold 156,778, down 115,731; Lytton Minerals 149,500, up 94,500; Noranda 827,012, down 196,190; Orvana Minerals 234,500, up 206,500; Pacalta Resources 336,300; Placer Dome 2,469,959, up 333,143; Probe Exploration 654,000, down 176,500; Rea Gold 1,100,500; Rio Algom 2,677,464; Royal Oak Mines 1,759,033, down 347,540; Tiomin Resources 192,045; TNR Resources 109,000, up 107,500; TVX Gold 873,253; Vengold 230,657; Vista Gold 840,100; William Resources 3,747,178, up 1,500,362.