TSE SHORTS (April 22, 1996)

Short positions outstanding at March 29, 1996

Larger individual positions included: Barrick Gold 8,685,603; Anvil Range Mining 353,800; Bema Gold 3,330,740; Cambior 103,900; Campbell 1,184,670; Cominco 500,112; CS Resources 1,524,750; Dayton Mining 1,756,665; Dundee-Palliser 108,000; Echo Bay 204,613; Eldorado 360,725; Euro-Nevada 217,402; Falconbridge 1,078,300; Gold Reserve 168,900; Gulf Canada 400,968; Greenstone 1,966,408; Golden Star 162,150; Golden Shamrock 2,999,641; Granges 171,756; Hemlo Gold 875,080; Iamgold Int’l African Mining Gold 261,936; Inmet Mining 1,511,821; Kinross Gold 1,066,839; KWG Resources 241,600; Lytton Minerals 124,368; Muscocho 142,200; Inco 1,261,282; Noranda 1,858,431; Novicourt 739,700; Place Dome 2,373,277; Pegasus Gold 148,360; Rea Gold 325,300; Royal Oak 140,100; St. Genevieve 234,850; Sceptre 182,177; United Keno Hill 367,100; William Res. 1,322,600; Westmin 257,300.