Short Position Report

TSX Short Positions                
                 
Short positions outstanding at Apr. 15/12 (with changes from Mar. 31/12).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Lundin Mining  LUN 38982858 -2341904          
New Gold  NGD 38948641 -573605          
Osisko Mining  OSK 24704600 -532981          
Thompson Creek  TCM 16702437 523913          
Uranium One  UUU 16381685 128520          
Tahoe Resources  THO 12881811 -155561          
Argonaut Gold  AR 11814131 -1009431          
Alacer Gold  ASR 11760025 -670544          
Ivanhoe Mines  IVN 10629272 1091990          
Mercator Minerals  ML 9859551 -81928          
Aurico Gold  AUQ 9456291 -158249          
Kinross Gold  K 8625819 2126822          
Dundee Precious  DPM 8559577 -661984          
Cameco CCO 8380851 310503          
Detour Gold  DGC 8365415 -271204          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Kinross Gold  K 8625819 2126822          
B2gold  BTO 4002025 2031747          
Yamana Gold. YRI 5314755 1682503          
Orbite Aluminae  ORT 5793085 1549260          
Golden Star Res GSC 2338355 1437532          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Great Basin Gold  GBG 6502910 -17643341          
Eldorado Gold  ELD 7034685 -8064515          
Lundin Mining  LUN 38982858 -2341904          
Pan American Silver  PAA 809497 -2229222          
Barrick Gold  ABX 5667142 -2062932          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at Apr. 15/12 (with changes from Mar. 31/12)
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Sandstorm Gold  SSL 7914769 -255736          
Uragold Bay  UBR 5051244 5050830          
Great Western Min  GWG 3389734 -183703          
Unigold  UGD 2524000 -173000          
Argex Mining  RGX 2179759 1428750          
Merc International  MRK 1901000 3340          
Aurcana  AUN 1204202 -6067204          
Mega Precious Metals  MGP 1129145 -29841          
Beaufield Resources  BFD 996000 239000          
Sandspring Resources SSP 975472 -177000          
Goldex Resources  GDX 921146 811146          
Northern Freegold  NFR 752500 752500          
Roxgold  ROG 726500 122900          
Equinox Exploration  EQX 624666 412333          
Metanor Resources  MTO 593758 -17698          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Uragold Bay  UBR 5051244 5050830          
Argex Mining RGX 2179759 1428750          
Goldex Resources  GDX 921146 811146          
Northern Freegold  NFR 752500 752500          
MBMI Resources  MBR 554000 554000          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Aurcana  AUN 1204202 -6067204          
Tolima Gold  TOM 0 -2695628          
Hudson Resources  HUD 3013 -1585954          
Majescor Resources  MJX 303165 -297398          
Premium Explr PEM 0 -296000          
                 
                 
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