Short Position Report

TSX Short Positions                
                 
Short positions outstanding at June 30/11 (with changes from June 15/11).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Quadra FNX QUX 31631696 1041162          
New Gold  NGD 30428534 7342850          
Osisko Mining  OSK 29251828 -2525351          
Uranium One  UUU 28140650 1195507          
Thompson Creek Metals  TCM 20691499 -897781          
Semafo  SMF 20378814 -5446958          
Great Basin Gold GBG 19975046 450243          
Lundin Mining  LUN 19686221 -1851677          
Kinross Gold  K 19628554 4237959          
Teck Resources  TCK.B 9707004 1146443          
Eldorado Gold ELD 8723684 -6923284          
Alacer Gold  ASR 8647623 -2119087          
Grande Cache Coal  GCE 8264918 1111296          
Mercator Minerals  ML 7083993 -3059330          
Dundee Precious Metals  DPM 6613663 190486          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
New Gold  NGD 30428534 7342850          
Kinross Gold  K 19628554 4237959          
Aurico Gold  AUQ 3362503 3212779          
Agnico-Eagle Mines AEM 3953522 2385397          
B2gold  BTO 2366745 1811708          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Yamana Gold  YRI 2188471 -9796808          
Eldorado Gold  ELD 8723684 -6923284          
Platmin  PPN 0 -5853460          
Capstone Mining  CS 584981 -5502865          
Semafo  SMF 20378814 -5446958          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at June 30/11 (with changes from June 15/11)
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Great Western Minerals  GWG 4667700 129900          
Sandstorm Gold  SSL 3326416 259058          
Plains Creek Phosphate  PCP 3286108 3285822          
Bayfield Ventures  BYV 1606870 1606870          
Largo Resources  LGO 1475727 -24000          
U.S. Silver  USA 1193163 -73937          
Western Potash  WPX 1080585 6300          
Quest Rare Minerals  QRM 997255 45677          
U3O8 Corp. UWE 969748 -205100          
Galway Resources  GWY 961729 372690          
Copper Fox Metals  CUU 934988 4323          
DNI Metals  DNI 759300 237000          
Apogee Silver APE 751317 -2683          
Eastcoal  ECX 723500 280300          
Everton Resources  EVR 704400 -1974100          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Plains Creek Phosphate  PCP 3286108 3285822          
Bayfield Ventures  BYV 1606870 1606870          
Ecometals  EC 664787 413439          
Galway Resources  GWY 961729 372690          
Axmin  AXM 344081 326081          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Everton Resources  EVR 704400 -1974100          
Wild Stream Exploration  WSX 108800 -1070801          
Duran Ventures  DRV 179500 -1000000          
Mira Resources  MRP 0 -690500          
Helio Resource  HRC 64400 -554500          
                 
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