TSX Shorts (June 27, 2005)

Short positions outstanding at June 15, 2005 (change from May 31).

Largest short positions Change
Kinross Gold 27074514 2984701
Goldcorp 25674923 1540731
Cambior 25389326 -1070408
Sherritt Intl 16086834 707219
Inco 10523372 411630
Yamana Gold 9216820 565187
Bema Gold 9108205 519641
Cameco 8229527 333110
Barrick Gold 7591837 1473957
Teck Cominco SVB 7334278 332999
Golden Star Res 6747571 1656413
Northern Orion Res 6716998 768625
Ivanhoe Mines 5815718 -266631
Noranda 5276766 1916018
Lionore Mining Intl 5206653 251718

Largest increases in short position

Kinross Gold 27074514 2984701
Queenstake Res 2561600 2173700
Guinor Gold 2294000 2086428
Noranda 5276766 1916018
Golden Star Res 6747571 1656413

Largest decreases in short position

Tahera Diamond 1177900 -3055600
Hudbay Minerals 1332171 -1144700
Cambior 25389326 -1070408
Afcan Mining 100000 -975000
Western Cdn Coal 332850 -895850

Legend

C– CNQ trading & quotation system

L — London Stock Ex (incl. AIM)

N– New York Stock Exchange

O– U.S. over-the-counter

Q– NASDAQ or U.S. OTC

T– Toronto Stock Exchange

V– TSX Venture Exchange

X– American Stock Exchange

*– Denotes price in U.S.$

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