TSX Venture Rights & Warrants (January 02, 2006)

Short positions outstanding at Dec. 15, 2005 (with changes from Nov. 30).

Largest short positions Change
Kinross Gold 33123463 723860
Cambior 26340938 959185
Goldcorp 25435472 1329521
Sherritt Intl 17211343 463165
Golden Star Res 15376738 2224987
Bema Gold 11061244 330267
Northern Orion Res 9864752 -79140
Hudbay Minerals 8931259 2535777
Inco 8274330 -25000
Cameco 7154165 11392
Silver Wheaton 7041592 2183000
Barrick Gold 7033069 751725
Lionore Mining Intl 6893928 -737654
Ivanhoe Mines 6772268 32310
Teck Cominco SVB 6771478 -198166
Largest increases in short position
Semafo 4115400 3342100
Tahera Diamond 4599667 2591027
Hudbay Minerals 8931259 2535777
Guinor Gold 4085000 2387200
Golden Star Res 15376738 2224987
Largest decreases in short position
Eurozinc Mining 1304209 -5071691
UEX 11500 -1930000
QGX 57450 -1039450
Apollo Gold 165380 -1024521
Crystallex Intl 2656032 -965282
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