Short Position Report

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

TSX Short Positions                
                 
Short positions outstanding at July 15/15  (with changes from June 30/15).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
New Gold  NGD 31966186 -1410897          
B2Gold BTO 27059837 -747479          
Lundin Mining LUN 21383473 1290425          
First Quantum  FM 19828830 2100403          
PotashCorp POT 18674041 -6094252          
Teck Resources TCK.B 17648389 -380026          
Rubicon Minerals RMX 15909108 921237          
Kinross Gold K 14571826 1426587          
Iamgold  IMG 12256439 -590228          
Thompson Creek Mtls TCM 11159752 1207129          
Denison Mines DML 10949127 2506293          
Detour Gold  DGC 10846810 -460977          
Yamana Gold YRI 10329598 -147267          
Barrick Gold  ABX 8121708 -664820          
Argonaut Gold AR 7847924 235700          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Denison Mines DML 10949127 2506293          
First Quantum  FM 19828830 2100403          
Kinross Gold K 14571826 1426587          
Lundin Mining  LUN 21383473 1290425          
Thompson Creek Mtls TCM 11159752 1207129          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
PotashCorp POT 18674041 -6094252          
Trevali Mining  TV 1342428 -2582200          
Semafo SMF 761991 -2065345          
New Gold NGD 31966186 -1410897          
Emed Mining  EMD 0 -1181100          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at July 15/15  (with changes from June 30/15).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Metanor Res.   MTO 788000 622200          
Integra Gold  ICG 680800 107700          
Arian Res.  ARC 600000 544800          
Zenyatta Ventures  ZEN 466900 -117100          
Kaminak Gold  KAM 237811 -86100          
Inca One Gold  IO 218000 218000          
Roxgold  ROG 201881 -24000          
Canasil Res.   CLZ 200000 0          
Defiance Silver DEF 200000 199800          
Blue River Res.  BXR 195300 195300          
Ucore Rare Metals  UCU 194500 46000          
Sunridge Gold  SGC 173000 157700          
Laurion Mineral Exp.  LME 160600 160300          
Gold Reserve GRZ 137900 34600          
Aurcana  AUN 118802 0          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Metanor Res.  MTO 788000 622200          
Arian Res.  ARC 600000 544800          
Inca One Gold IO 218000 218000          
Defiance Silver DEF 200000 199800          
Blue River Res.  BXR 195300 195300          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Santacruz Silver Mining  SCZ 0 -394500          
Bandera Gold  BGL 0 -370000          
Hard Creek Nickel  HNC 0 -357000       &nbs
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Skyharbour Res.  SYH 0 -350000          
CB Gold  CBJ 1300 -301500          
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