TSE SHORT POSITIONS (September 18, 1995)

Short positions outstanding at August 31, 1995.

Larger individual positions included: Barrick Gold 5,160,773; Agnico-Eagle 143,330; Archer Res. 160,000; Anderson Expl. 315,500; Bema Gold 1,726,900; Caledonia M’g 282,300; Cambior 213,052; Campbell Res. 433,361; Cdn Natural Res. 152,900; CS Res. 810,075; Consolidated Ramrod Gold 107,500; Czar Res. 314,300; Dayton M’g 1,850,385; Echo Bay 719,355; Ego Res. 159,000; Euro-Nevada M’g 323,087; First Dynasty 185,200; Gulf Canada Res. 212,944; Greenstone Res. 124,908; Hemlo Gold Mines 638,225; Int’l Curator Res. 235,100; Inmet M’g 2,090,786; Kinross Gold 1,542,873; Lytton Min. 235,200; Norcen Energy Res. 445,963; Petromet Res. 121,700; Pure Gold Res. 136,800; Royal Oak 315,450; Sceptre Res. 159,800; Vengold Inc. 177,900; Wheaton River Min. 142,400.