Short Position Report

TSX Short Positions                
                 
Short positions outstanding at Jan. 15/12 (with changes from Dec. 31/11).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
New Gold  NGD 35776903 -1310745          
Quadra FNX  QUX 25115341 389230          
Lundin Mining  LUN 24225152 2099021          
Osisko Mining  OSK 17034554 -116940          
Kinross Gold  K 15976669 1754714          
Uranium One  UUU 15563743 558050          
Alacer Gold  ASR 13521383 -289846          
Thompson Creek  TCM 12966582 -276932          
Grande Cache Coal  GCE 10382463 126306          
Tahoe Resources  THO 9669173 322851          
Barrick Gold  ABX 9130432 470456          
Great Basin Gold  GBG 8884333 843952          
Dundee Precious  DPM 8127074 -27732          
Iamgold  IMG 7979821 3105161          
Yamana Gold  YRI 7888660 3566434          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Yamana Gold  YRI 7888660 3566434          
Cameco  CCO 5092415 3134246          
Iamgold  IMG 7979821 3105161          
Allana Potash  AAA 2798019 2457419          
Lundin Mining  LUN 24225152 2099021          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
B2gold  BTO 335954 -3002268          
Canadian Zinc  CZN 237906 -2274194          
Minefinders  MFL 116063 -1593769          
Entree Gold  ETG 65476 -1495546          
New Gold  NGD 35776903 -1310745          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at Jan. 15/12 (with changes from Dec. 31/11)
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Mega Precious Metals  MGP 3955706 -166044          
Sandstorm Gold  SSL 3510335 36197          
Great Western Minerals  GWG 3029830 292275          
Aurcana  AUN 1299854 -184802          
Roxgold  ROG 1240200 -90900          
Ucore Rare Metals  UCU 675084 663197          
Probe Mines  PRB 643378 -153          
Gold Canyon Resources  GCU 404711 4209          
Emgold Mining  EMR 404000 -12500          
Rio Alto Mining  RIO 386794 186791          
St. Elias Mines  SLI 378400 318478          
Luna Gold  LGC 376239 -869400          
Royal Coal  RDA 333600 -2600          
Metanor Resources  MTO 324412 -4313          
Kaminak Gold  KAM 305524 47352          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Ucore Rare Metals  UCU 675084 663197          
St. Elias Mines  SLI 378400 318478          
Great Western Minerals  GWG 3029830 292275          
Excelsior Mining  MIN 286400 260000          
Riverstone Resources  RVS 299181 252240          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Oceanic Iron Ore  FEO 2346 -1747907          
Midlands Minerals  MEX 119000 -893941          
Luna Gold LGC 376239 -869400          
Bcgold  BCG 75000 -318762          
Uragold Bay  UBR 241 -267759          
                 
                 
                 
                 
                 
                 
                 
                 
                 
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