TSE SHORT POSITIONS (August 08, 1994)

Semi-monthly reports as of Jul 15, 1994 showed 265,326,185 shares of 901 issues compared with 249,548,306 shares of 870 issues on Jun 30, 1994.

Larger individual positions included: Aber 111,500, up 60,300; Acadia Min. 113,000, up 110,500; Adrian Res. 140,100, down 117,400; Amer. Barrick 3,539,377, down 45,075; Arimetco Intl. 582,500; Aurizon Mines 87,941, up 84,341; Battle Mountain 101,374, up 62,700; Bema Gold 182,200, down 67,500; Cabre Expl. 7,100, down 182,100; Caledonia M’g. 92,900; Cambior 824,300, up 640,300; Cameco 1,848,400, up 36,000; Caribgold 27,420, down 33,580; Chauvco Res. 104,600, up 102,200; Cominco Ltd. 156,300; Cominco Res. Intl. 103,000; Comstate Res. 50,000; Cons. Ramrod 112,300; Conwest Expl. 2,100, down 85,407; Czar Res. 395,500; Dayton M’g. 376,600; Deak Res. 310,400, up 66,000; Dia Met Min. 141,140; Dofasco 3,516,097, up 120,063; Echo Bay 428,653, down 95,279; Eden Roc Min. 63,000; Euro-Nevada 519,500; Falconbridge 466,900, up 232,900; Franco-Nevada M’g. 3,823,700, up 3,613,709; Gold Reserve 204,200; Golden Star 338,300; Greater Lenora 61,500; Hemlo Gold 645,991; Inco 670,123, down 80,815; Intensity Res. 37,337, up 37,337; Intl. Gold Res. 64,300, up 33,800; Joutel Res. 6,500, down 177,000; Kinross Gold 224,400, down 44,130; Lac Minerals 766,700; Lytton Min. 584,500; Manhattan Minerals 28,800, up 28,800; Mark Res. 227,770, down 273,789; Metall M’g. 1,630,302; Minera Rayrock svA 666,230, up 564,730; Miramar M’g. 880,875, up 140,975; Muscocho Expl. 164,800; Noranda 3,917,983, down 128,352; Novicourt 140,400; Orvana Minerals 90,800; Pacific Gold 53,000; Petromet Res. 721,600; Pinnacle Res. 84,999, up 83,499; Placer Dome 1,598,500, down 261,300; Platinova A/S 26,700, down 337,600; Potash Corp. of Sask. 1,077,091, down 354,900; Queenstake 52,600; Rayrock Yellowknife 334,000, up 330,700; Repadre Capital 78,600; Rio Algom 532,080, down 450,320; Rio Alto 171,600, up 151,800; Rio Narcea Gold Mine 29,800, up 29,800; Royal Oak 2,598,115, up 138,415; Sceptre Res. 294,500, up 273,400; Sherritt Inc. 1,091,200, up 642,300; SouthernEra 105,700; St. Genevieve Res. 68,500, up 58,000; Teck svB 1,216,069, up 735,269; Thunderwood 30,000, down 154,143; TVX Gold 77,700, down 59,500; Tyler Res. 68,236; Western Garnet 561,100; Wheaton River 36,600, up 36,100.