TSX Short Positions (July 31, 2006)

Short positions outstanding at July 15, 2006 (with changes from June 30).

Largest short positions Change
Kinross Gold K 29023735 -439700
Cambior CBJ 26130448 133107
Cameco CCO 18080972 980417
Bema Gold BGO 14924302 1403319
Northern Orion Res NNO 14879392 -748118
Barrick Gold ABX 13918679 1478754
Sherritt Intl S 13486448 -422367
Inco N 10601979 -13031
Northgate Minerals NGX 9853080 -581234
Silver Wheaton SLW 9369549 82977
Golden Star Res GSC 7685409 279556
Ivanhoe Mines IVN 7319915 -1091377
Lionore Min Intl LIM 6673990 -403201
Goldcorp G 5513294 538050
Meridian Gold MNG 4227747 -209481
Largest increases in short position Change
Barrick Gold ABX 13918679 1478754
Bema Gold BGO 14924302 1403319
Cameco CCO 18080972 980417
Pan American Silver PAA 2781074 733481
Goldcorp G 5513294 538050

Change

Largest decreases in short position

Hudbay Minerals HBM 1739182 -15645214
Sherritt Intl 7% Deb S.DB.A 0 -2573000
Miramar Mining MAE 960461 -1566564
Energem Resources ENM 43500 -1551373
Ivanhoe Mines IVN 7319915 -1091377
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