Short Position Report

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

TSX Short Positions                
                 
Short positions outstanding at Dec. 15/15 (with changes from Nov. 30/15).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
First Quantum  FM 38177500 2448003          
Lundin Mining  LUN 34521841 -5529175          
PotashCorp  POT 26712122 -2286602          
New Gold  NGD 25752718 -3223593          
B2Gold  BTO 24852859 -759757          
Kinross Gold  K 15419253 -594218          
Yamana Gold  YRI 13404739 -3811439          
Barrick Gold  ABX 12672048 -1880467          
Eldorado Gold  ELD 11164401 -290489          
Teck Resources  TCK.B 11114965 -10385327          
Platinum Group Metals  PTM 10020674 9605074          
Paramount Resources  POU 9073976 285534          
Iamgold  IMG 7872384 1290211          
Torex Gold  TXG 7725649 377564          
Argonaut Gold  AR 7290950 -26611          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Platinum Group Metals  PTM 10020674 9605074          
First Quantum  FM 38177500 2448003          
Agnico Eagle Mines  AEM 3191411 1569464          
Semafo  SMF 3362504 1436571          
Iamgold  IMG 7872384 1290211          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Teck Resources  TCK.B 11114965 -10385327          
Lundin Mining  LUN 34521841 -5529175          
Detour Gold  DGC 6072450 -4017517          
Yamana Gold  YRI 13404739 -3811439          
New Gold  NGD 25752718 -3223593          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at Dec. 15/15 (with changes from Nov.30/15).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Arctic Star Exploration  ADD 1833000 1833000          
East Asia Minerals  EAS 1049000 1049000          
Majestic Gold  MJS 948000 744000          
Silver Range Res.  SNG 650000 650000          
Gold Reserve  GRZ 613600 21100          
Maya Gold & Silver  MYA 460500 460500          
GTA Res. and Mining  GTA 400000 400000          
Nemaska Lithium  NMX 315274 -552370          
Fjordland Exploration  FEX 300000 300000          
Gensource Potash  GSP 280000 280000          
Nexgen Energy  NXE 273500 -2440308          
Wealth Minerals  WML 250000 250000          
Purepoint Uranium  PTU 218700 208100          
Zenyatta Ventures  ZEN 201316 -88384          
Golden Dawn Minerals  GOM 170000 166000          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Arctic Star Exploration ADD 1833000 1833000          
East Asia Minerals  EAS 1049000 1049000          
Majestic Gold  MJS 948000 744000          
Silver Range Res. SNG 650000 650000          
Maya Gold & Silver MYA 460500 460500          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Nexgen Energy NXE 273500 -2440308          
Nemaska Lithium NMX 315274 -552370          
First Mining Finance  FF 89600 -156000          
Viscount Mining  VML 20000 -142000          
Graphite One Res.  GPH 300 -140000          
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