TSE SHORT POSITIONS (September 02, 1996)

Short positions outstanding at August 15, 1996

Larger individual positions included: Barrick Gold 9,590,168; Agnico-Eagle 185,118; Asia Pacific 101,300; Anvil Range Mining 465,600; Anderson Exploration 312,600; Bema Gold 3,409,456; Black Hawk Mining 609,500; BGR Precious Metals 104,540; Breakwater 310,000; Bre-X Minerals 178,000; Campbell Resources 2,586,000; Cominco 442,408; Canadian Natural Resources 3,773,410; Dayton Mining 302,902; Denbury Resources 132,300; Echo Bay Mines 149,365; Euro-Nevada Mining 983,644; Falconbridge 215,900; Gulf Canada 365,618; Greenstone Resources 2,196,408; Golden Star Resources 260,550; Golden Shamrock 5,735,260; Itec-Mineral 129,900; Inmet Mining 1,217,371; Kinross Gold 1,206,740; Lytton Minerals 173,700; Meridian Gold 274,200; Muscocho Explorations 141,400; Inco 2,721,908; Norcen Energy 262,363; Northfield Minerals 182,200; Noranda 1,165,035; Novicourt 632,500; Pan American Silver 127,900; Placer Dome 2,440,146; Princeton Mining 1,373,452; Queenstake Resources 319,100; Sikaman Gold 835,500; Sceptre Resources 134,465; SouthernEra Resources 127,600; TVX Gold 866,334; United Keno Hill 430,700; Upton Resources 154,900; William Resources 511,200; Yamana Resources 183,800.