TSX Shorts (May 16, 2005)

Short positions outstanding at Apr. 30, 2005 (change from Apr. 15).

Largest short positions Change
Cambior 25891594 271956
Goldcorp 24918912 -3061915
Kinross Gold 23414006 5468035
Sherritt Intl 16813643 289370
Inco 11193522 -895298
Noranda 11149242 3860969
Bema Gold 8793893 824818
Cameco 7418212 1995
Teck Cominco SVB 7031968 -118400
Yamana Gold 6588598 115115
Northern Orion Res 6477380 -696107
Hudbay Minerals 6050200 6050200
Barrick Gold 5789903 -527115
Lionore Mining Intl 5402225 238421
Golden Star Res 4825973 368082

Largest increases in short position

Hudbay Minerals Wt 6050200 6050200
Kinross Gold 23414006 5468035
Noranda 11149242 3860969
Bema Gold 8793893 824818
Ivernia 2432670 783370

Largest decreases in short position

Goldcorp Inc. 24918912 -3061915
Hudbay Minerals 3082238 -2151512
Southern Platinum 19300 -1156100
St. Andrew Goldfields 0 -1081000
Tahera Diamond 1784500 -991500
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