Claude Resources Sets New Gold Production Record
Claude Resources Sets New Gold Production Record of 75,748 Ounces in 2015 and Provides Outlook for 2016
Jan. 7, 2016) – Claude Resources Inc. (TSX:CRJ)(OTCQB:CLGRF) (“Claude” and or the “Company”) today reported that during 2015 its 100 percent owned Seabee Gold Operation exceeded revised guidance and achieved record annual gold production of 75,748 ounces. The record performance in 2015 was a result of a 20% improvement in grade (8.82 grams of gold per tonne) along with strong mill recoveries of 96.3% on 277,368 tonnes milled. In addition, 2015 gold sales improved 16% to 72,699 ounces (2014 – 62,772 ounces).
During the fourth quarter, the Company milled 65,950 tonnes at a grade of 8.99 grams of gold per tonne for total gold production of 18,340 ounces. The strong fourth quarter performance was a 49% increase from the comparable period in 2014. The significant improvement was a result of 37% higher grade ore and a 9% increase in tonnes milled. During the fourth quarter, gold sales were 18,311 ounces, up 10% over the same period in 2014.
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Took profits yesterday when it moved far above the Bollinger Bands and bought it all back today on the dip.