TSE SHORT POSITIONS (March 16, 1998)

Short positions outstanding at February 28, 1998

Larger individual positions include: Anderson Expl 56,300, down 642,300; Barrick Gold 13,457,730, down 5,204,067; Caledonia Mining 2,500, down 259,500; Campbell Resources 2,367,868, down 2,015,110; Chauvco Resources 268,500, up 268,500; Cobre Mining 32,530, down 475,800; Euro-Nevada Mining 1,953,588, up 1,090,800; Geomaque Expl 87,232, down 364,902; Inco 2,367,058, down 373,283; Int’l Curator 285,000, up 283,900; Kinross Gold 1,499,565, up 1,064,200; Orvana Minerals 2,000, down 135,700; Princeton Mining 4,025,198, up 120,312; Sherritt Int’l 14,427,238, up 139,262; Trillion Resources 101,050, up 101,050; TVX Gold 893,757, up 299,960; William Resources 1,084,443, down 394,058.