TSE SHORT POSITIONS (December 25, 1995)

Short positions outstanding at November 30, 1995

Larger individual positions included: Barrick Gold 6,159,554; Agnico-Eagle 190,043; Arequipa 109,000; Bema Gold 1,250,700; Caledonia M’g 287,200; Campbell 1,004,141; CS Res. 844,600; Cons. Ramrod Gold 110,200; Dayton M’g 1,992,500; Diamond Fields 109,300; Echo Bay 419,773; Ecuadorian Min. 147,500; Euro-Nevada M’g 314,022; Falconbridge 1,476,300; Gulf Canada 194,944; Greenstone 239,208; Golden Shamrock 1,848,410; Hemlo Gold 659,050; Inmet M’g 1,910,587; Kinross Gold 1,117,382; Lytton Min. 106,940; Muscocho Expl. 141,400; Norcen Energy 474,627; Noranda 1,177,166; Pegasus Gold 114,779; Petromet 100,400; Rio Algom 252,400; Royal Oak 1,677,873; Sceptre Res. 168,300; United Keno Hill 199,000.