TSE Short Positions (September 30, 1996)

Short positions outstanding at September 15, 1996.

Larger individual positions included: Barrick Gold 9,524,501; Agnico-Eagle 327,903; Asia Pacific Res. 137,072; Anvil Range Mining 768,120; Anderson Exploration 254,400; Band-Ore Resources 140,000; Beau Canada Exploration 111,300; Bema Gold 3,564,758; Battle Mountain Canada 932,400; Bre-X Minerals 162,900; Caledonia Mining 213,300; Campbell Resources 2,723,175; Cominco 434,158; Canadian Natural Res. 318,461; Dayton Mining 332,702; Echo Bay Mines 200,465; Eldorado Gold 372,100; Euro-Nevada Mining 1,035,748; Falconbridge 593,800; Franco-Nevada Mining 171,544; General Minerals 227,300; Gulf Canada Res. 342,144; Greenstone Resources 2,246,608; Inmet Mining 1,294,134; Jordex Resources 100,000; Kinross Gold 1,406,700; Lytton Minerals 119,900; Meridian Gold 1,201,200; Muscocho Explorations 141,400; Inco 3,013,813; Northfield Minerals 154,200; Noranda 1,267,035; Novicourt 521,100; Pan American Silver 134,726; Placer Dome 2,814,677; Princeton Mining 1,435,177; Pure Gold Res.

434,850; Queenstake Resources 283,800; Santa Cruz Gold 608,200; Sikaman Gold 835,500; SouthernEra Res. 100,500; TVX Gold 810,175; United Keno Hill Mines 430,700; William Resources 837,400; Yamana Resources 184,400.