TSE SHORT POSITIONS (May 05, 1997)

Short positions outstanding at April 15, 1997

Larger individual positions included: Armada Gold 57,500, up 57,500; Barrick Gold 12,023,018, up 287,782; Agnico-Eagle 273,008, down 137,021; AJ Perron Gold 752,800, up 376,400; Antares Mining & Expl 135,200; Anvil Range Mining 718,900; Anderson Exploration 116,200, up 97,000; Bema Gold 5,086,648, up 614,098; Breakwater Res 200,000; Bre-X Minerals 1,908,000, up 1,166,390; Campbell Resources 2,254,153, down 103,882; Cameco 158,700, down 119,175; Cominco 317,400; Canadian Natural Resources 113,611; Dayton Mining 1,829,050, up 677,010; Dakota Mining 716,500; Eldorado Gold 1,162,200; Euro-Nevada Mining 1,094,244; Falconbridge 154,600; Franco-Nevada Mining 389,366; Geomaque Explorations 455,861, up 90,136; Gulf Canada Resources 281,927; Greenstone Resources 2,655,008, down 52,100; Inmet Mining 739,973, up 95,300; Indochina Goldfields 1,725,200, up 167,600; Kinross Gold 929,709, up 567,834; Minorca Resources 172,000, down 56,800; Meridian Gold 604,100, down 74,200; Inco 5,394,324, up 131,287; Norcen Energy Resources 196,812, up 170,212; Newstar Resources 108,300; Noranda 1,645,690; Novicourt 763,500; Nevsun Resources 1147,600; Placer Dome 2,496,543; Princeton Mining 1,628,000; Pure Gold 250,000; Quest Int’l Resources 295,400, up 271,400; Queenstake Resources 325,100, up 321,100; Romarco Minerals 179,900; Rio Algom 191,412; Sherritt Int’l 11,972,823, up 8,687,866; St. Genevieve Resources 215,900, up 211,679; SoutherEra Resources 185,000, up 54,400; TVI Pacific 243,500, up 243,400; TVX Gold 821,250, down 56,872; United Keno Hill Mines 491,000; Upton Resources 227,900; Vengold 230,600, down 347,100; Vista Gold 131,800; William Resources 2,325,743, down 821,311; Yamana Resources 229,200.