TSE SHORTS (July 14, 1997)

Short positions outstanding at June 30, 1997

Larger individual positions included: Abacan Resources 139,603, down 128,097; Antares Mining & Expl 158,400; Ariel Resources 67,170, up 67, 170; Asia Pacific 125,600; Barrick Gold 10,128,805, down 1,521,377; Band-Ore Resources 107,000; Bema Gold 4,795,886, up 454,600; Battle Mtn Canada 1,611,881, up 171,806; Boliden Ltd. 88,200, up 88,200; Campbell Resources 2,586,700; Cambior 114,550; Canrise Resources 77,400, up 62,000; Cominco 252,300; Crystellex Int’l 227,500; Dakota Mining 236,900; Dayton Mining 1,725,750, down 405,700; Echo Bay MInes 139,831, up 65,400; Eldorado Gold 1,277,550; Euro-Nevada 1,087,811; Falconbridge 122,600; Franco-Nevada Mining 465,998, up 195,732; Geomaque 156,775; Golden Rule 517,177, up 273,477; Great Lakes Minerals 0, down 108,545; Greenstone 2,335,108, down 195,100; Inco 4,481,492, down 843,244; Inmet Mining 706,883, up 73,710; Indochina Goldfields 675,300, down 1,352,100; Inter-Rock Gold 0, down 228,300; Int’l Uranium 220,000, up 215,000; Kinross Gold 907,467; Lytton Minerals 119,100; Meridian Gold 530,500; NDU Resources 115,500, up 115,500; Nevsun Resources 4,400, down 160,300; Noranda 1,150,395, down 613,565; Pangea Goldfields 93,600, up 70,800; Pegasus Gold 174,700, up 70,500; Placer Dome 1,894,670, down 925,073; Princeton Mining 4,398,500, down 303,500; Pure Gold 227,500, down 376,500; Queenstake Resources 252,400; Rea Gold 575,200; Rio Algom 1,056,000, down 58,000; Royal Oak 72,100, down 60,100; Santa Cruz Gold 9,200, down 556,200; St. Andrew Goldfields 8,800, down 103,700; St. Genevieve 12,729, down 148,412; SoutherEra Resources 175,200; Teck SvB 2,718,333, down 553,600; Tiomin Resources 269,800; Tenke Mining 117,500, down 53,800; Triton Mining 61,100, down 51,900; TVX Gold 443,167, down 424,050; Upton Resources 239,800; Vengold 274,200; Vista Gold 725,395, up 299,500; William Resources 744,234, down 3,637,696; Westmin Resources 30,300, down 68,879.