TSE SHORT POSITIONS (December 02, 1996)

Short positions outstanding at November 15, 1996

Larger individual positions included: Abacan Resource 106,200; Barrick Gold 9,602,918, down 99,645; Aber Resources 14,200, down 8,000; Adrian Resources 90,744, up 66,544; Agnico-Eagle 520,803; AJ Perron Gold 350,400; Adex Mining 0, down 192,505; Archer Resources 303,700; Anvil Range 650,520; Aur Resources 656,400, up 627,600; Beau Canada Explorantion 397,100, up 385,600; Bre-X Minerals 299,500, down 1,477,500; Caledonia Mining 118,500; Cambior 116,717; Campbell Resources 1,401,800; Canadian Natural Resources 127,607; Dayton Mining 357,252; Eldorado Gold 1,358,000, up 187,500; Ecuadorian Minerals 0, down 195,000; Euro-Nevada Mining 606,244; Falconbridge 513,100, down 138,800; Franco-Nevada Mining 373,466; Franc-Or Resources 198,600, up 152,400; Golden Knight Resources 147,300, up 118,800; Gulf Canada Resources 1,446,234, up 921,290; Greenstone Resources 2,392,619, up 71,100; Golden Star Resources 273,150; Inmet Mining 915,000, down 189,646; Indochina Goldfields 278,300; Kinross Gold 2,323,524, up 1,011,953; Cons Eurocan 105,400; Kookaburra Resources 100, down 55,400; Laminco Resources 503,186, up 503,186; Lytton Minerals 173,400, up 67,209; Meridian Gold 837,565, down 124,100; Inco 5,245,677, up 712,751; Noranda 1,331,385, down 144,850; Novicourt 785,700; Northrock Resources 54,140, up 54,140; Pacalta Resources 171,700; Placer Dome 2,326,700, down 114,686; Pegasus Gold 123,400; Princeton Mining 1,538,500; Queenstake Resources 165,800; Rio Algom 120,075, up 85,800; Royal Oak Mines 33,900, down 271,837; Thunderwood Resources 0, down 105,000; TVX Gold 818,800, down 189,577; United Keno Hill Mines 430,700; Vengold 175,400; William Resources 1,004,306, up 428,876; Westmin Resources 5,242,761, up 2,562,125; World Wide Minerals 741,000, up 100,900; Yamana Resources 327,804.