Short Position Report (December 20, 2007)

TSX Short Positions
Short positions outstanding at Dec 15/07 (with changes from Nov 30/07).
Largest Short Positions
Security Ticker Total Short Change
Kinross Gold K 25920804 -4774124
Uranium One UUU 25856425 7904376
Cameco Corp CCO 20297120 52274
Coeur D’alene Mines CDM 16755660 -542100
Lundin Mining LUN 14758194 2257990
Eastern Platinum ELR 14336539 1849540
Ivanhoe Mines IVN 12532903 353375
Breakwater Resources BWR 12282339 4531139
Silver Wheaton SLW 11902981 82356
Iamgold IMG 11460698 -929353
Thompson Creek TCM 9596982 433095
Equinox Minerals EQN 9401790 1294073
Denison Mines DML 9348587 4318965
Gammon Gold GAM 8358614 4546758
Osisko Exploration OSK 8264800 1069100
Largest Increase in Short Position
Security Ticker Total Short Change
Uranium One UUU 25856425 7904376
Gammon Gold GAM 8358614 4546758
Breakwater Resources BWR 12282339 4531139
Denison Mines DML 9348587 4318965
Yamana Gold YRI 26159514 3131517
Largest Decrease in Short Position
Security Ticker Total Short Change
Metallica Resources MR 4092465 -12014195
Kinross Gold K 25920804 -4774124
Western Canadian Coal WTN 1200100 -1198200
Gabriel Resources GBU 2263027 -1109012
Iamgold IMG 11460698 -929353
TSX Venture Short Positions
Short positions outstanding at Dec 15/07 (with changes from Nov 30/07).
Largest Short Positions
Security Ticker Total Short Change
Peak Gold PIK 5437315 -2147685
Blue Note Mining BN 3340000 426600
VMS Ventures VMS 3165300 358300
Carmax Explorations CMX 2776657 785905
Bayswater Uranium BAY 1705300 113000
Andina Minerals ADM 1312500 691800
Westernzagros Res WZR 1285603 41148
Kodiak Exploration KXL 1210400 282500
Sherwood Copper SWC 1052100 -304086
Noront Resources NOT 891800 44800
Roca Mines ROK 890100 -356725
Fortuna Silver Mines FVI 835799 24614
Forest Gate Resources FGT 800000 0
UC Resources UC 700000 600000
Yukon Zinc YZC 680500 -5731500
Largest Increase in Short Position
Security Ticker Total Short Change
Carmax Explorations CMX 2776657 785905
Andina Minerals ADM 1312500 691800
Uc Resources UC 700000 600000
Sanatana Diamonds STA 556600 556600
Tirex Resources TXX 602200 536570
Largest Decrease in Short Position
Security Ticker Total Short Change
Yukon Zinc YZC 680500 -5731500
Peak Gold PIK 5437315 -2147685
Rusoro Mining RML 495500 -853518
Cadiscor Resources CAO 0 -503000
Goldbrook Ventures GBK 0 -476100
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