TSE SHORT POSITIONS (July 24, 1995)

Short positions outstanding at June 30, 1995.

Larger individual positions included: Aber Res. 59,000; Agnico-Eagle 169,180; Archer 74,800; Arimetco 82,700, Asia Pacific 31,000; Baja Gold 69,000; Barrick Gold 4,856,933; Bema Gold 811,000; Breakwater 21,600; Brunswick Mining & Smelting 31,500; Caledonia M’g. 289,300; Cambior 1,234,800; Campbell Res. 605,100; Canadian Natural Res. 647,500; Chase 80,200; Cominco Ltd. 107,900; Cons. Ramrod 97,700; CS Res. 642,000; Dayton M’g. 2,341,000; Diamond Fields 27,150; Dofasco 3,406,787; Echo Bay 776,800; Eden Roc. 39,200; Ego Res. 156,100; Euro-Nevada 162,600; Falconbridge 255,900; First Dynasty 145,000; Franco-Nevada M’g. 90,200; Greater Lenora 84,600; Greenstone 148,440; Hemlo Gold 920,200; Inco 935,100; Inmet M’g. 431,824; Kinross Gold 1,393,046; Laminco 357,300; Lytton Min. 253,200; Mark Res. 70,970; Miramar 55,900; Noranda 1,376,675; Novicourt 465,300; Pan American Silver 88,800; Pegasus 80,100; Petromet Res. 113,300; Placer Dome 2,296,400; Potash Corp. of Sask. 192,592; Ranchmen’s Res. 118,400; Rio Algom 668,792; Rio Alto 36,000; Royal Oak Mines 28,100; San Fernando M’g. 151,600; Sceptre 113,100; Sherritt Inc. 113,200; Southwestern Gold 64,900; Teck svB 1,608,909; TVX Gold 346,975; United Keno 54,100; Vengold 261,000; Western Garnet 512,300; Wheaton River 58,900; Yamana 35,000.