TSE SHORTS (March 03, 1997)

Short positions outstanding at February 15, 1997

Larger individual positions included: Barrick Gold 10,628,093, down 342,686; Agnico-Eagle 256,368, down 93,924; AJ Perron Gold 376,400; Algoma Steel 471,400, up 296,300; Anvil Range Mining 759,700; Beau Canada Exploration 339,500, up 300,000; Bema Gold 4,159,650, down 996,038; Bre-X Minerals 802,760, up 145,500; Caledonia Mining 100,400; Campbell Resources 2,215,100, down 87,000; Cameco 387,700, up 146,500; Chauvco Resources 173,100, up 171,200; Cominco 326,500, down 51,000; Canadian Natural Resources 157,711, up 65,030; Dayton Mining 351,640, down 84,200; Dakota Mining 202,300; Denbury Resources 33,650, down 71,650; Echo Bay Mines 127,700, down 118,101; Eldorado Gold 1,174,000, down 118,101; Ecuadorian Minerals 83,500, up 75,000; Euro-Nevada Mining 1,092,749; Falconbridge 134,950, down 250,900; Geomaque Expl 537,933, up 237,933; Great Lakes Minerals 1,029,750, up 1,029,750; Greenstone Resources 2,203,208, up 57,500; Inmet Mining 426,346; Indochina Goldfields 1,182,800; Kinross Gold 239,890, down 55,600; KAP Resources 151,400; Lytton Minerals 129,400; Mineral Resources 223,719, up 223,719; Inco 5,083,243, up 317,024; Newstar Resources 104,100; Novicourt 763,500; Nevsun Resources 103,500; Orvana Minerals 158,400; Placer Dome 2,417,100, down 414,462; Pegasus Gold 126,800; Princeton Mining 1,621,260; Pure Gold Resources 268,000, up 136,000; Pursuit Resources 1,586,800, up 535,000; Queenstake Resources 207,600, up 51,500; Rio Algom 280,775, down 247,425; South American Gold & Copper 970,975, up 812,775; SEMAFO- West Africa Mining Expl. 102,925, up 54,600; SouthernEra Resources 110,778; TVI Pacific 247,200, up 104,300; TVX Gold 732,930, down 66,970; United Keno Hill 391,800; Vengold 172,900, down 55,000; Vista Gold 128,196; William Resources 3,105,785, down 228,183; Westmin Resources 47,523, down 61,600; Yamana Resources 429,354.