TSE SHORT POSITIONS (October 28, 1996)

Short positions outstanding at October 15, 1996

Larger individual positions included: Barrick Gold 9,357,266, down 721,481; Agnico-Eagle Mines 627,043, down 67,435; AJ Perron Gold 318,400, up 127,500; Asia Pacific Res. 100,700, down 50,825; Anvil Range 800,920; Aur Resources 31,612, down 112,478; Anderson Exploration 132,000; Bema Gold 4,367,168, down 157,078; Black Hawk Mining 0, down 576,500; Bre-X Minerals 460,160, up 390,260; Caledonia Mining 180,000; Campbell Resources 3,216,278, up 448,553; Carmanah Resources 22,100, down 77,400; Cominco 363,900, down 106,863; Dayton Mining 391,340, down 79,090; Denbury Resources 126,300; Eldorado Gold 814,800; Euro-Nevada Mining 675,544, down 584,800; Falconbridge 689,600; Franco-Nevada 361,066, up 123,500; Gold Reserve 44,400, down 55,900; Gulf Canada 596,592, up 66,600; Golden Star Resources 261,650; Golden Shamrock Mines 6,866,961, down 1,200,224; Granges 226,496, up 99,100; Itec-Mineral 53,199, up 53,199; Inmet Mining 916,652; Indochina Goldfields 314,800; Kinross Gold 1,383,340, up 120,577; Lytton Minerals 111,900; Meridian Gold 1,364,443; Inco 3,483,611, down 79,439; Northfield Minerals 8,200, down 54,300; Noranda 1,263,279; Novicourt 695,400; Nevsun Resources 155,200; Pacalta Resources 136,900; Pegasus Gold 132,700, down 77,900; Princeton Mining 1,524,000; Prime Resources 130,300, up 130,300; Profco Resources 147,000; Queenstake Resources 247,300; Stampeder Expl. 1,684,850, up 906,850; Sikaman Gold 11,000, down 825,500; Thunderwood Resources 306,420, up 300,874; Tombstone Explorations 122,300, up 122,300; TVX Gold 986,002, 184,450; United Keno Hill Mines 430,700; Upton Resources 153,200; Vengold 206,300; William Resources 554,850, down 394,345; Westmin Resources 512,429, up 312,179; Wheaton River Minerals 187,600, up 148,000; World Wide Minerals 524,800, up 330,500; Yamana Resources 345,104