TSE short positions (September 16, 1996)

Short positions outstanding at August 31, 1996

Larger individual positions included: Barrick Gold 9,911,619; Agnico-Eagle 235,653; Asia Pacific 150,425; Anvil Range Mining 526,920; Anderson Expl.

335,800; Bema Gold 3,814,858; Black Hawk Mining 576,500; Breakwater Res.

119,600; Bre-X Minerals 247,808; Caledonia Mining 215,500; Campbell Resources 2,769,735; Cominco 438,708; Canadian Natural Resources 738,171; Dayton Mining 266,562; Eldorado Gold 320,200; Ecuadorian Minerals 120,000; Euro-Nevada Mining 1,018,944; Falconbridge 705,900; Franco-Nevada Mining 236,044; General Minerals 223,600; Gulf Canada Resources 402,166; Greenstone Resources 733,308; Golden Star Resources 243,850; Golden Shamrock Mines 6,343,885; Inmet Mining 1,225,034; Indochina Goldfields 182,500; Kinross Gold 1,161,040; Lytton Minerals 117,700; MacMillan Gold 174,000; Meridian Gold 1,738,100; Muscocho Explorations 141,400; Inco 3,440,911; Northfield Minerals 168,700; Noranda 1,299,371; Novicourt 674,900; Pan American Silver 134,500; Placer Dome 2,468,212; Pangea Goldfields 138,578; Pegasus Gold 139,000; Princeton Mining 1,435,177; Petromet Resources 102,665; Queenstake Resources 252,400; Santa Cruz Gold 632,800; Sikaman Gold 1,229,500; SouthernEra Resources 149,100; TVX Gold 912,425; Upton Resources 154,700; William Resources 576,375; Westmin Resources 100,800; World Wide Minerals 109,900; Yamana Resources 162,400.