TSE SHORT POSITIONS (September 05, 1994)

Semi-monthly reports as of Aug 15, 1994 showed 256,689,980 shares of 902 issues compared with 279,336,594 shares of 859 issues on July 31, 1994.

Larger individual positions included: Aber 180,300, up 36,100; Acme Metals 141,500, up 141,500; Adex M’g. 60,000, up 20,100; Adrian Res. 79,400; Agnico-Eagle 50,100; Amer. Barrick 4,818,072, up 1,017,895; Archer Res. 95,300, down 52,233; Arimetco Intl. 622,550, up 40,000; Battle Mountain 4,764, down 168,300; Bema Gold 192,500; BGR Precious Metal 76,300; Breakwater Res. 299,000, up 244,000; Caledonia M’g. 134,400, up 36,200; Cambior 734,300, down 122,300; Cameco 1,996,800, up 119,800; Campbell Res. 52,900, down 37,963; Caribgold 1,700, down 46,180; Cominco Res. Intl. 830,000, up 505,900; Cons. Ramrod 102,400, up 34,300; Conwest Expl. 28,900, up 25,600; Czar Res. 390,900; Dayton M’g. 376,600; Deak Res. 310,400, up 66,000; Dofasco 4,006,369, up 66,353; Echo Bay 759,700, down 100,732; Eden Roc Min. 67,600; Euro-Nevada 55,366, down 423,534; Falconbridge 522,400, up 136,700; Franco-Nevada M’g. 28,511, down 256,718; Glamis Gold 0, down 25,587; Gold Reserve 219,650, up 202,300; Golden Star 31,700, down 222,000; Greater Lenora 61,500; Hemlo Gold 645,300, down 31,595; High River 2,100, down 345,767; Imperial Metals 101,100, up 99,100; Inco 925,801, up 202,840; Intensity Res. 107,820, down 35,512; Int’l. Curator 0, down 50,000; Joutel Res. 66,500, up 59,000; Kettle River 25,500, up 25,500; Kinross Gold 229,130; Lac Minerals 1,211,300, down 557,100; Loki Gold 49,900, up 48,575; Lytton Min. 399,700, down 157,800; Mark Res. 204,043, down 460,995; Metall M’g. 2,064,965, down 205,533; Minera Rayrock svA 694,430; Miramar M’g. 898,200, up 50,572; Noranda 4,703,735, up 535,600; Novicourt 514,500, down 87,900; Orvana Minerals 73,300; Pacific Gold 57,542; Pegasus Gold 24,500, down 28,800; Petromet Res. 737,827, up 45,577; Pinnacle Res. 68,400, up 26,801; Pioneer Metals 0, down 54,500; Placer Dome 2,332,200, up 554,800; Potash Corp. of Sask. 775,665, down 73,567; Repadre Capital 77,100; Rio Algom 548,600, down 90,600; Royal Oak 2,529,700, down 87,915; Sherritt Inc. 796,400, up 203,200; SouthernEra 42,700, down 51,100; Southwestern Gold 11,800, down 41,800; Teck svB 1,728,540, down 25,800; Tidal Res. 77,000, up 67,500; Tri-Link Res. 39,900, up 39,900; Triton M’g 290,700; TVX Gold 160,200, up 94,700; Tyler Res. 58,136; Western Garnet 558,600.