TSE SHORTS (July 13, 1998)

Short positions outstanding at June 30, 1998

Larger individual positions include: Barrick Gold 13,208,190, down 2,203,712; Boliden 47,400, down 1,679,616; Cornucopia Resources 0, down 201,100; Dakota Mining 99,000, down 528,300; Inco 3,269,100; Laminco Resources 1,500, down 155,000; Placer Dome 1,350,710, down 442,039; Royal Oak Mines 2,605,400, up 98,350; Sherritt Int’l 15,630,263, down 951,937; South American Gold & Copper 0, down 171,500.