TSX Shorts (February 28, 2005)

Short positions outstanding at Feb. 15, 2005 (change from Jan. 31).

Largest short positions Change
Wheaton River Minls 58522564 -222722
Cambior 25877264 -198363
Sherritt Intl 22444109 2333671
Kinross Gold 15655967 557253
Northern Orion Res 13228215 8885353
Inco 10186900 219357
Barrick Gold 9697291 792319
Teck Cominco SVB 7981094 315727
Goldcorp 6795901 670214
Cameco 6174485 456256
Bema Gold 5573915 18784
Golden Star Res 4914624 -99184
Eldorado Gold 4154723 866907
Ivanhoe Mines 3575094 -34297
Placer Dome 3360148 881034
Largest increases in short position
Northern Orion Res 13228215 8885353
Sherritt Intl 22444109 2333671
Bolivar Gold 1767274 949719
Noranda Income Fund A 981257 944087
Placer Dome 3360148 881034
Largest decreases in short position
Tahera Diamond 937500 -679575
Lionore Mining 1877687 -627133
Wheaton River Minls 0 -602500
Hudbay Minerals 490533 -444933
Apollo Gold 825500 -352005

Legend

C– CNQ trading & quotation system

N– New York Stock Exchange

O– U.S. over-the-counter

Q– NASDAQ or U.S. OTC

T– Toronto Stock Exchange

V– TSX Venture Exchange

X– American Stock Exchange

*– Denotes price in U.S.$

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