TSE SHORTS (July 19, 1999)

Short positions outstanding at July 14, 1999

Larger individual positions include: Abitibi Consolidated 1,840,467, up 208,494; AG Armeno Mines and Minerals 130,010, up 110,010; Alcan Aluminum 1,340,296, up 258,141; Barrick Gold 7,030,964, up 825, 425; Boliden 4,210,300, down 348,713; Campbell Resources 375,274, up 136,544; Cominco 3,295,100, up 88,226; Dayton Mining 105,000, down 30,000; Denison Mines 456,500, up 363,852; Echo Bay Mines 171, 487, down 3,487; Euro-Nevada 2,105,126, up 32,638; Falconbridge 122,073, up 64,547; Franco-Nevada 1,167,074, up 94,426; Goldcorp 792,203, up 13,700; Greenstone Resources 104,065, down 206,935; Inco 6,500,389, up 576,434; Manhattan Minerals 276,600, up 218, 300; Noranda 1,377,909, up 424,403; Nuinsco Resources 113,000, down 368,500; Pan American Silver 159,400, up 3,700; Placer Dome 2,575,841, up 1,216,774; Rio Algom 2,843,099, up 237,899; Royal Oak Mines 1,908,600; Santa Cruz Gold 972, 484, up 972,000; Sikaman Gold Resources 0, down 200,000; Teck Corp. Class B 1,695,478, up 31,837; Tiomin Resources 182,300; William Resources 5,152,250, up 268,000;