TSE SHORT POSITIONS (April 18, 1994)

Semi-monthly reports as of Mar 15, 1994 showed 66,772,111 shares of 827 issues compared with 66,403,366 shares of 806 issues on Feb 28, 1994.

Larger individual positions included: Aber 240,800; Adrian Res. 69,800; Agnico-Eagle 80,000; Amer. Barrick 383,424, down 108,168; Anderson Expl. 35,700, down 39,700; Ashton M’g. 105,000, up 69,000; Athabaska Gold 27,500, up 27,500; Battle Mountain 117,694, down 114,625; Bema Gold 78,390, up 58,290; Caledonia M’g. 55,300, up 30,900; Cambior 106,950, down 58,550; Cameco 4,000, down 54,400; Cangold 7,500, down 92,120; Cons. Ramrod 100,600; Conwest Expl. 89,926, up 80,316; Cusac Industries 129,100, up 117,500; Czar Res. 288,700, up 275,700; Dakota M’g. 62,049, up 40,440; Deak Res. 1,616,200; Dia Met Minerals 156,140, up 79,370; Dofasco 428,500, up 369,700; Echo Bay 73,773; Equinox Res. 70,100; Euro-Nevada M’g. 58,949; Franco-Nevada M’g. 30,530, down 30,970; Golden Star 58,000, down 48,900; Gulfstream Res. 222,100; Hemlo Gold 559,576, up 59,376; Homestake M’g. 163,729; Inco 450,065, up 271,723; Int’l. Platinum 86,400, up 42,900; Jordex Res. 63,500; Joutel Res. 113,000; Lac Minerals 18,900, down 154,372; Lytton Min. 438,400, down 165,600; Mark Res. 57,850; Miramar M’g. 121,615, up 99,665; Noranda 171,225; Nuinsco Res. 1,000, down 54,110; Orvana Minerals 70,100; Petromet Res. 151,700; Pinnacle Res. 52,518, up 47,300; Placer Dome 448,400, up 118,700; Potash Corp. of Sask. 31,207, up 28,207; Queenstake 59,500; Redstone Res. 118,300; Rio Algom 303,068, up 99,268; Royal Oak 191,325, up 47,775; Sherritt Inc. 486,117, up 240,817; SouthernEra 180,350; T&H Res. 76,800; Teck 13,500, down 59,553; Thunderwood 184,143; TVX Gold 378,535, up 356,235; Tyler Res. 65,100, down 135,900; Viceroy Res. 88,300, up 88,300; Westmin 88,808.