TSE SHORT POSITIONS (February 05, 1996)

Short positions outstanding at January 15, 1996

Larger individual positions included: Barrick Gold 6,795,418; Agnico-Eagle 288,435; Adex Mining 216,500; Arequipa Res. 164,600; Anvil Range 144,500; Bema Gold 1,427,900; Breakwater Res. 218,900; Caledonia 267,800; Cumberland 201,000; Campbell Res. 1,614,086; Canadian Conquest 973,800; Caribgold 658,776; Cs Resources 1,206,800; Consolidated Ramrod Gold 101,100; Dayton Mining 2,193,100; Diamond Fields 134,400; Echo Bay 435,823; Euro-Nevada 234,752; Falconbridge 1,653,000; Gulf Canada 467,884; Greenstone 271,908; Golden Shamrock 2,043,485; Hemlo Gold 644,125; Inco 1,078,766; Inmet Mining 1,837,787; Kinross Gold 1,641,430; Lytton Minerals 121,500; Manson Creek 104,000; Mark Res. 119,000; Morrison Middlefield 110,100; Muscocho 184,200; Noranda 849,651; Placer Dome 1,768,010; Pegasus Gold 442,550; Rio Algom 109,716; Royal Oak 2,927,065; TVI Pacific 131,200; TVX Gold 209,144; United Keno Hill 167,000; Vengold 120,000; William Res. 142,200; Westmin Res. 344,900; Wheaton River 125,700.