TSE SHORTS (November 18, 1996)

Short positions outstanding at October 31, 1996

Larger individual positions included: Barrick Gold 9,702,563, up 345,297; Agnico-Eagle 499,743, down 127,300; AJ Perron Gold 323,400: Adex Mining 192,505, up 192,505; Archer Resources 299,500, up 298,250; Anvil Range Mininig 359,920, down 441,000; Bema Gold 4,305,037, down 62,131; Bre-X Minerals 1,777,000, up 1,316,840; Campbell Resources 1,412,628, down 1,803,650; Cominco 460,912, up 97,012; Canadian Natural Resources 141,981; Dayton Mining 406,140; Dakota Mining 335,100, up 199,019; Denbury Resources 0, down 126,300; Eldorado Gold 1,170,500, up 355,700; Ecuadorian Minerals 195,000, up 148,881; Euro-Nevada Mining 587,839, down 87,705; Franco-Nevada Mining 364,551; American Gem 0, down 72,000; Gulf Canada 524,944, down 71,648; Greenstone Resources 2,321,519, down 93,100; Golden Star Resources 269,550; Granges 74,100, down 152,396; Inmet Mining 1,104,646, up 187,994; Indochina Goldfields 287,500; Imperial Metals 261,400, up 248,400; Kinross Gold 1,311,571, down 71,769; Cons Eurocan 93,400, down 62,500; Lytton Minerals 106,191; Meridian Gold 961,665, down 402,778; Inco 4,532,926, up 1,049,315; Noranda 1,476,235, up 212,956; Novicourt 747,400, up 52,000; Nevsun Resources 94,700, down 58,500; Placer Dome 2,441,386, down 117,314; Pegasus Gold 124,200; Prime Resources 2,500, down 127,800; Queenstake Resources 180,800, down 66,500; Redfern Resources, down 99,200; Royal Oak Mines 305,737, up 288,800; Santa Cruz Gold 23,200, down 614,100; Stampeder Exploration 722,265, down 962,585; San Fernando Mining 18,300, down 62,300; Thunderwood Resources 105,000, down 201,420; Tombstone Explorations 0, down 122,300; TVX Gold 1,008,377; United Keno Hill Mines 430,700; William Resources 575,430; Westmin Resources 2,680,636, up 2,168,207; Wheaton River Minerals 100, down 187,500; World Wide Minerals 640,100, up 115,300; Yamana Resources 337,2044.