TSE SHORTS (April 08, 1996)

Short positions outstanding at March 15, 1996

Larger individual positions included: Barrick Gold 8,449,313; Agnico-Eagle 154,858; Arequipa 114,500; Anvil Range Mining 321,200; Bema Gold 3,432,178; Caledonia Mining 230,000; Campbell 364,350; Cominco 495,712; CS Resources 1,453,600; Dayton Mining 1,846,965; Denison Mines 130,000; Echo Bay Mines 147,678; Eldorado 431,200; Euro-Nevada 257,552; Falconbridge 860,100; Gold Reserve 114,300; Gulf Canada 1,393,520; Greenstone 2,119,673; Golden Star 124,450; Golden Shamrock 2,987,641; Granges 205,996; Hemlo Gold 885,980; Iamgold Int’l African Mining Gold 299,993; Inmet Mining 1,489,794; Kinross Gold 1,097,664; KWG Resources 198,400; Lytton Minerals 125,874; Muscocho 141,400; Inco 1,087,042; Noranda 1,623,981; Placer Dome 2,045,377; Pegasus Gold 136,239; Rea Gold 325,300; Royal Oak Mines 162,800; St.Genevieve 145,000; TVX Gold 261,484; United Keno Hill 343,200; Vengold 767,500; William Res. 685,700; Westmin 533,100; Yamana Res. 176,154.