TSE Short Positions (January 14, 2002)

Short positions outstanding at December 31, 2001

Larger individual positions include: Alcan Inc. 1122349 down 218851; Ashton Mining Of Canada Inc. 129000 up 87900; Barrick Gold Corporation 11850715 down 2824551; Cameco Corporation 346713 up 56903; Dofasco Inc. 2292565 up 135177; Falconbridge Limited 382858 up 81304; Fort Knox Gold 100,800 up 58,500; Franco-Nevada 2,745,110 down 154,989; Gammon Lake 147,700 up 147,700; Idaho Consolidated Metals 204,195 up 177,970; Inco 10,181,353 down 474,748; Kinross Gold 3,037,769 down 123,457; Laramide 597,000 up 597,000; Mcwatters Mining 508,000 up 408,000; Noranda 3,671,190 down 442,931; Ontex 101,000 up 101,000; Placer Dome 1,780,624 up 108,773; Rio Alto Exploration 244,908 down 333,796; Sherwood Mining 966,666 up 966,666; Stelco Inc. Series ‘A’ 1,867,543 up 1,454,400; Teck Cominco Cl ‘B’ 7,917,589 up 198,596; TVX Gold 179,262 down 73,462