TSE SHORT POSITIONS (August 03, 1998)

Short positions outstanding at July 15, 1998

Larger individual positions include: Abacan Resource 399,500; Abitibi-Consolidated 744,389, down 93,457; Alcan Aluminium 761,322, down 154,803; Anderson Exploration 131,585; Ashton Mining of Canada 113,300; Asia Pacific Resources 356,100; Barrick Gold 12,916,620, down 291,570; Birim Goldfields 129,500, up 129,500; Blue Emerald Resources 222,500, up 152,500; Campbell Resources 1,563,630, up 421,300; Canadian Natural Resources 143,207; Columbia Yukon Resources 334,800; Cominco 112,423; Conquistador Mines 361,600, up 361,500; Dayton Mining 764,450; Ecudor 119,000, up 119,000; Euro-Nevada Mining 184,808, down 65,332; Falconbridge 164,940; Fortune Minerals 106,200; Franco-Nevada Mining 568,708, up 80,559; Gulf Canada Resources 379,770; Inco 3,871,226, up 602,126; Kap Resources 162,400; Kinross Gold 258,118, down 252,300; KWG Resources 1,900,000, up 1,900,000; Newstar Resources 157,868, up 57,368; Noranda 536,980, down 154,882; Northrock Resources 401,200, up 399,200; Ourominas Minerals 228,624, up 223,700; Parkcrest Exploration 165,000; Placer Dome 1,165,904, down 184,806; Probe Exploration 134,900; Rea Gold 1,100,500; Redaurum 111,500, up 111,500; Rio Algom 2,026,400, up 104,000; Royal Oak Mines 2,546,100, down 59,300; Sherritt Int’l 15,678,527; South American Gold & Copper 170,000, up 170,000; TVX Gold 120,225, down 62,157; Vengold 526,700, up 231,600; William Resources 1,647,868, up 415,500; Winspear Resources 380,500.