TSE Short Positions (July 16, 2001)

Short positions outstanding at June 30, 2001

Larger individual positions and significant changes include:

Aber Diamond 10,979 down 92,332; Agnico-Eagle 244,719 down 568,924; Alcan Inc. 1,606,209 up 199,574; Barrick Gold 10,567,492 up 92,732; Boliden 3,399,574 down 29,868; Brascan Cl ‘A’ 1,712,887 up 23,768; Canabrava Diamond 186,000 down 1,500; Cominco 3,588,313 up 464,611; Crew Development 30,900 down 86,630; Falconbridge 164,553 down 209,547; Franco-Nevada 4,967,573 down 124,611; Freewest 10,000 down 145,535; Gallery Resources 150,000 up 150,000; Goldcorp 1,776,280 up 268,714; Holmer Gold Mines 0 down 153,000; Inca Pacific Resources 160,500 down 11,000; Inco 9,954,993 up 194,447; International Arimex 100,000 up 100,000; Kinross Gold 1,041,690 up 355,577; Meridian Gold 202,243 down 107,678; Molycor 0 down 180,000; Minera Andes 101,120 up 50,800; Namibian Minerals 150,000 down 29,915; New Blue Ribbon 0 down 106,850; Noranda 2,19,374 up 2,119,374; Placer Dome 2,878,441 down 782,873; Platinova 116,500 up 12,500; Potash Corporation 115,324 up 25,194; Sherritt Int’l 11,002,611 up 419,944; Skeena Resources 800,000 up 800,000; Suncor 624,722 down 52,124; Teck Corp. Cl ‘B’ 2,947,306 down 68,868; Touchstone Resources 83,000 up 9,000; TVX Gold 1,012,188 down 18,300; United Keno Hill 235,941 unchanged; Vaaldiam Resources 90,400 up 90,400.