TSE SHORTS (June 14, 1999)

Short positions outstanding at May 31, 1999

Larger individual positions include: Abitibi-Consolidated 1,514,975, up 609,619; American Gem 1,068,652, up 879,377; Anderson Exploration 338,111, down 125,343; Armada Gold 150,000; Aurado Exploration 255,500, up 232,000; Barrick Gold 6,296,364, up 373,329; Boliden 4,158,400, up 909,600; Bowridge Resource 168,100; Campbell Resources 391,830, up 127,655; Canadian Natural Resources 126,196, down 193,931; Cominco 3,875,750, up 767,200; Diadem Resources 223,254, up 200,754; Echo Bay Mines 168,000; Euro-Nevada Mining 2,292,968, down 183,442; Falconbridge 110,837; Franco-Nevada Mining 1,150,417, down 55,230; Goldcorp Cl ‘A’SV 654,650, down 405,592; Gulf Canada Resources 892,250; Inco 5,193,362, down 492,413; Indochina Goldfields 166,300, up 166,300; Justinian Explorations 120,704, up 120,704; Kinross Gold 115,145; Manhattan Minerals 172,900, up 156,500; McWatters Mining 104,000, up 104,000; Noranda 1,058,766, up 162,259; Nuinsco Resources 548,500; Pan American Silver 156,200; Petromet Resources 113,900, down 48,500; Pioneer Natural Resources 217,100; Placer Dome 4,519,041, up 714,984; Probe Exploration 1,027,000; Rio Algom 2,646,932; Rio Alto Exploration 146,400, up 107,140; Royal Oak Mines 1,777,300, down 266,200; Sherritt Int’l 17,979,955, up 4,250,950; Tiomin Resources 182,300; Volterra Resources 418,400, up 418,400; William Resources 4,924,750, up 829,000; Yamana Resources 157,272, up 157,272.