TSE SHORTS (February 15, 1999)

Short positions outstanding at January 31, 1999

Larger individual positions include:Agnico-Eagle Mines 110,350, up 104,125; Barrick Gold 14,327,330, up 2,928,254; Big Bear Exploration 29,200, down 1,372,700; Eldorado Gold 525,635, down 271,500; Euro-Nevada Mining 2,486,621; Farallon Resources 0, down 185,100; Inco 4,861,713, down 365,410; Metallica Resources 0, down 200,100; Noranda 707,880, up 249, 436; Nuinsco Resources 207,016, up 207,016; Pan American Silver 151,300, up 146,100; Pangea Goldfields 243,000, up 243,000; Placer Dome 1,780,138; Potash Corp. of Saskatchewan 222,364, up 210,164; Rio Algom 2,620,300; Royal Oak Mines 1,918,033; Sherrit Int’l 20,295,935, up 1,838,378.