TSE SHORT POSITIONS (June 15, 1998)

Short positions outstanding at May 31, 1998

Larger individual positions include:Abacan Resource 274,619; Aber Resources 108,900; Abitibi-Consolidated 367,927, down 436,300; Agnico-Eagle Mines 178,150, up 106,700; Asia Pacific Resources 123,200; Barrick Gold 14,058,663, down 290,679; Battle Mountain Canada 1,744,763, down 152,900; Bema Gold 696,145, up 528,700; Black Hawk Mining 155,000; Boliden 1,034,564, up 451,981; Campbell Resources 1,257,730, down 1,231,009; Dakota Mining 120,400, down 653,800; Dayton Mining 956,350; Echo Bay Mines 899,000; Ecuadorian Minerals 101,664, up 101,100; Eldorado Gold 628,635, down 158,400; Euro-Nevada Mining 642,608; Franco-Nevada Mining 365,408, up 143,600; Greenstone Resources 175,838, down 79,000; Gulf Canada Resources 550,470, up 383,983; Inco 3,059,014, up 390,220; Itec-Mineral 300,000; Kap Resources 157,700, down 113,600; Kinross Gold 4,877,685, down 213,700; Noranda 653,080, down 465,700; Pacalta Resources 349,841; Pegasus Gold 127,500, down 119,300; Pioneer Natural Resources 213,700; Placer Dome 1,851,449, down 210,900; Prime Resources 146,900, up 146,900; Probe Exploration 90,100, down 109,800; Rea Gold 1,106,500, down 447,600; Rio Algom 1,986,600; Rio Alto Exploration 133,700, down 135,600; Royal Oak Mines 2,553,650, down 177,900; Samax Gold 164,200; Santa Cruz Gold 110,900, down 156,400; Sherritt Int’l 15,650,856, down 869,944; Sonora Diamond 174,000, up 158,500; SouthernEra Resources 108,300; Tiomin Resources 115,900, down 87,185; TVX Gold 495,857, down 106,805; Vengold 302,600.