TSE SHORTS (May 06, 1996)

Short positions outstanding at April 15, 1996

Larger individual positions included: Barrick Gold 9,513,807; Agnico-Eagle 402,058; Asia Pacific 114,900; Arequipa 148,400; Anvil Range 356,400; Bema Gold 3,411,500; BGR Precious Metals 102,165; Caledonia 220,200; Campbell 1,291,925; Cominco 437,562; CS Resources 1,619,600; Dayton Mining 1,655,965; Diamond Fields 506,976; Echo Bay 121,374; Eldorado 354,800; Euro-Nevada 215,772; Falconbridge 1,145,160; Gold Reserve 178,800; Gulf Canada 179,787; Greenstone 2,188,408; Golden Star 131,550; Golden Shamrock 4,150,791; Hemlo Gold 803,380; Inmet Mining 1,417,721; Kinross Gold 1,506,430; KWG Resources 199,000; Lytton Minerals 121,200; Muscocho 141,400; Inco 1,736,031; Northfield 100,900; Noranda 1,487,085; Novicourt 726,500; Placer Dome 2,759,591; Pegasus Gold 261,539; Princeton Mining 1,000,000; Profco Res.

182,350; Rea Gold 289,600; St Genevieve 384,300; Triton Mining 214,000; TVX Gold 552,184; United Keno Hill 385,600; William Res. 1,483,350.