TSE SHORT POSITIONS (February 03, 1997)

Short positions outstanding at January 15, 1997

Larger individual positions included: Barrick Gold 11,100,550, down 1,234,333; Agnico-Eagle 385,217, down 120,551; AJ Perron Gold 376,400, up 376,400; Asia Pacific Resources 120,600; Anvil Range Mg 924,400, up 721,800; Aur Resources 267,922; Bema Gold 5,181,204, down 51,338; Caledonia Mining 148,000; Campbell Resources 1,446,175, down 89,800; Cameco 126,100, up 110,700; Cominco 437,000; Dayton Mining 422,354, up 75,970; Dakota Mining 135,000, up 107,200; Eldorado Gold 883,250, down 181,822; Euro-Nevada Mining 1,117,564; Franco-Nevada Mining 396,819; Gulf Canada Resources 613,309, up 275,793; Greenstone Resources 2,220,608, up 71,089; Golden Star Resources 318,550; Inmet Mining 422,546; Indochina Goldfields 450,900; Kinross Gold 214,147, down 83,439; Kap Resources 130,700; Consolidated Eurocan 119,700, down 61,000; Lytton Minerals 148,900; Manhattan Minerals 137,600; Meridian Gold 115,007; Inco 5,238,103, down 300,520; Noranda 1,538,485, down 298,875; Novicourt 787,000; Nevsun Resources 105,900; Orvana Mineral 140,100; Pan American Silver 141,600, up 133,900; Princeton Mining 1,564,360; Pursuit Resources 153,300, up 78,600; Quest Int’l 192,600, up 140,300; Queenstake Resources 145,800; Romarco Minerals 102,000; Redaurum 196,000, up 73,711; South American Gold & Copper 130,500, up 50,000; St. Genevieve 101,900; Samax Gold 296,200; TVX Gold 1,071,675, down 662,925; United Keno Hill 430,700; Vengold 225,400; Vista Gold 125,800; William Resources 2,646,416, up 223,775; Westmin Resources 8,182,114, up 1,109,826; Yamana Resources 412,004.