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Pathetic distribution of .008524001 per share held on December 9,2011 credited 9/3/15 in my brokerage account. The criminals, both in jail and out, won big time.
The major detractor here on this board does have a valid point about the apparent lack of insider buying at what appears to be an absurdly low share price based on the string of news releases. Can you imagine what would happen if some or all of the principals filed buying disclosure forms? At the very least, why don't they post the 2014 and 2015 financials on the Pink Sheets site under "financials" instead of just under "news"?
I haven't received anything so far, but I'll certainly post here immediately if it ever happens. I suspect the amount of any distribution will be worth a good laugh.
I definitely like your theory better.
Someone either got impatient or has fat fingers - 15@ $145
Claude Generates Record Quarterly Earnings of $10.2 Million in Q2
8:00 am ET August 13, 2015 (PR Newswire) Print
Trading Symbols: TSX: CRJ; OTCQB: CLGRF
(All dollar amounts are in Canadian dollars unless stated otherwise)
Highlights:
-- 2015 gold production guidance increased to 68,000 to 72,000 ounces
-- Q2 2015 gold production of 20,619 ounces, a 10% increase over Q2 2014
-- Q2 2015 total cash cost per ounce of gold sold (1) of $623 (U.S. $507), a 17% decrease from Q2 2014
-- Q2 2015 all-in sustaining cost per ounce of gold sold (1) of $954 (U.S. $776), a 10% decrease from Q2 2014
-- Q2 2015 mill head grade of 8.88 grams of gold per tonne, a 15% increase over Q2 2014
-- H1 2015 gold production of 41,686 ounces, a 39% increase over H1 2014 and a new six month record
-- Increased cash and bullion (2) to $20.9 million which exceeds long-term debt
-- Santoy Gap deposit advancing ahead of schedule and on pace to achieve 500 tonnes per day
Claude Resources Inc. ("Claude" and or the "Company") today reported that record second quarter net earnings of $10.2 million ($0.05 per share) were a $6.9 million improvement from net earnings of $3.3 million ($0.02 per share) for the same period in 2014. Year to date, net earnings of $15.4 million ($0.08 per share) were a $17.2 million improvement over the net loss of $1.8 million ($0.01 per share) reported during the first half of 2014. The improvement in financial performance period over period and year to date was due to increased ounces produced and sold along with higher realized Canadian dollar gold prices.
"Our strong first half production performance and cost control has allowed the Company to continue to generate free cash flow at current gold prices," stated Brian Skanderbeg, President and Chief Executive Officer. "Our outlook for 2015 is on pace to set new production records, decrease unit costs, generate free cash flow and to strengthen the balance sheet. By achieving the midpoint of our updated production guidance, remaining on budget with our costs and realizing similar gold prices for the remainder of the year, we expect to yield strong annual free cash flow margins in 2015, positioning the Company to deliver continued shareholder value."
Financial Review Second quarter gold revenue of $29.7 million was 20% higher than the $24.7 million reported in the comparable period in 2014. The increase was related to a 16% increase in gold sales volume (Q2 2015 - 20,534 ounces; Q2 2014 - 17,690 ounces) and a 4% increase in Canadian dollar gold prices realized per ounce. Year to date, gold revenue of $55.9 million increased 39% from the first half of 2014, a reflection of a 33% increase in gold sales volume (YTD 2015 - 37,860 ounces; YTD 2014 - 28,555 ounces) and a 5% increase in Canadian dollar gold prices realized.
Strong operating performance and higher grades reduced total cash cost per ounce of gold sold (1), inclusive of royalty costs, by 17% to $623 (U.S. $507) for the quarter and by 23% to $647 (U.S. $524) for the first six months of 2015. All-in sustaining cost per ounce of gold sold (1) also benefited from similar drivers along with lower development costs from the Alimak mining method. All-in sustaining cost per ounce of gold sold (1) decreased by 10% to $954 (U.S. $776) during the quarter and by 18% to $1,146 (U.S. $928) for the first six months of 2015.
Cash flow from operations before net changes in non-cash operating working capital (1) of $15.6 million ($0.08 per share) was up significantly from the $9.9 million ($0.05 per share) reported in the second quarter of 2014. Year to date, cash flow from operations before net changes in non-cash operating working capital (1) of $24.9 million ($0.13 per share) more than doubled the $11.6 million ($0.06 per share) reported during the first half of 2014. The strong financial performance year to date has allowed the Company to reduce long-term debt by $1.8 million and to increase our cash and bullion (2) position to $20.9 million from $11.2 million at December 31, 2014.
Financial Highlights Q2 Q2 Change YTD YTD Change
2015 2014 2015 2014
Revenue (000's) $29,739 $24,718 20% $55,922 $40,342 39%
Production costs (000's) $11,910 $12,594 (5%) $22,640 $23,222 (3%)
Cash flow from operations* (000's) (1) $15,645 $9,863 59% $24,913 $11,647 114%
Cash flow from operations* per share (1) $0.08 $0.05 60% $0.13 $0.06 117%
Net earnings (loss) (000's) $10,245 $3,327 208% $15,367 ($1,784) 961%
Earnings (loss) per share (basic and diluted) $0.05 $0.02 150% $0.08 ($0.01) 900%
Average realized price per ounce $1,448 $1,397 4% $1,477 $1,413 5%
Average realized price per ounce (U.S.$) $1,178 $1,282 (8%) $1,196 $1,288 (7%)
Total cash cost per ounce (1) $623 $753 (17%) $647 $841 (23%)
Total cash cost per ounce (U.S.$) (1) $507 $691 (27%) $524 $767 (32%)
All-in sustaining cost per ounce (1) $954 $1,065 (10%) $1,146 $1,390 (18%)
All-in sustaining cost per ounce (U.S.$) (1) $776 $977 (21%) $928 $1,267 (27%)
*Cash flow from operations before net changes in non-cash operating working capital.
Operations Review Second quarter gold production of 20,619 ounces was 10% higher than the same period in 2014 - a product of higher ore grades averaging 8.88 grams of gold per tonne and strong recovery rates of 96.5%, partially offset by lower mill throughput. Year to date, total gold production of 41,686 ounces was a new six month production record. The 39% increase in gold production from the same period in 2014 was driven by a 39% increase in grade, positive reconciliation on grade and ounces from the mine plan at both the L62 and Santoy Gap deposits and the replacement of the lower grade Santoy 8 ore with higher grade Santoy Gap ore. For the first six months of 2015, the Santoy Gap deposit has increased overall head grades at the Santoy Mine Complex by 86% and combined with a 47% increase in mill throughput, has improved gold ounces produced by 177% - demonstrating its high grade nature and significance to our future production profile. Over the last four quarters, the Company has produced 74,584 ounces of gold.
Production Highlights Q2 Q2 Change YTD YTD Change
2015 2014 2015 2014
Santoy Mine Complex
Tonnes milled 41,717 27,450 52% 80,614 54,784 47%
Head grade (grams per tonne) 8.96 5.65 59% 8.65 4.66 86%
Ounces produced 11,603 4,742 145% 21,585 7,801 177%
Seabee Gold Mine
Tonnes milled 33,064 52,296 (37%) 61,416 89,332 (31%)
Head grade (grams per tonne) 8.79 8.77 - 10.60 8.17 30%
Ounces produced 9,016 14,000 (36%) 20,101 22,285 (10%)
Total tonnes milled 74,781 79,746 (6%) 142,030 144,116 (1%)
Average head grade (grams per tonne) 8.88 7.70 15% 9.49 6.83 39%
Recovery (%) 96.5 95.0 2% 96.2 95.0 1%
Total gold produced (ounces) 20,619 18,742 10% 41,686 30,086 39%
Total gold sold (ounces) 20,534 17,690 16% 37,860 28,555 33%
Outlook Based on our record operating performance, the Company has increased its 2015 production guidance at the Seabee Gold Operation to 68,000 to 72,000 ounces of gold (previously 60,000 - 65,000 ounces). With the increase in production guidance and our ability to remain on budget, unit cash costs and all-in sustaining costs are estimated to be 6% lower than original guidance.
Revised 2015 Previous 2015 Variance Variance
Guidance Guidance (oz)* (%)*
Gold production 68,000 - 72,000 60,000 - 65,000 7,500 12%
Total cash cost per ounce (1) $730 - $800 $785 - $850 ($53) (6%)
Total cash cost per ounce (U.S.$) (1) (3) $580 - $635
All-in sustaining cost per ounce (1) $1,100 - $1,200 $1,175 - $1,275 ($75) (6%)
All-in sustaining cost per ounce (U.S.$) (1) (3) $875 - $950
*At mid-point of guidance.
For the remainder of the year, production and financial performance is expected to remain strong with mill throughput to average 800 tonnes per day while grades are expected to be more in-line with mineral reserve grades. The Santoy Gap ended the second quarter ahead of schedule by producing on average 458 tonnes per day and will continue to decrease production risk with the addition of multiple long-hole mining fronts. By year-end, we expect the Santoy Gap deposit to play an increasing role in our future production profile by producing on average over 500 tonnes per day. Infrastructure upgrades are ongoing to further increase the production rate to 600 to 700 tonnes per day in 2016.
The 2015 exploration program at the Santoy Mine Complex, consisting of approximately 6,000 metres, is advancing with the development of a drill chamber to test depth extensions. The drill chamber is anticipated to be complete near the end of the third quarter, at which time drilling will commence. At the Seabee Gold Mine, the 10,000 metre underground drill program has begun testing seven high priority near mine targets. Results from the Seabee Gold Mine underground program are expected in the third and fourth quarters while results from the Santoy Mine Complex are expected later in the year.
Conference Call and Webcast
We invite you to join our conference call and webcast today at 11:00 AM Eastern Time.
To participate in the conference call please dial 1-888-231-8191 or 1-647-427-7450. A replay of the conference call will be available until August 20, 2015 by calling 1-855-859-2056 and entering the pass code 95997193.
To view and listen to the webcast please use the following URL in your web browser: http://event.on24.com/r.htm?e=1029307&s=1&k=C8EDEB40CECE766CB077A051B173B0FB
A copy of Claude's Q2 2015 Management's Discussion & Analysis, Financial Statements and Notes thereto (unaudited) can be viewed at www.clauderesources.com. Further information relating to Claude Resources Inc. has been filed on SEDAR and EDGAR and may be viewed at www.sedar.com or www.sec.gov.
Claude Resources Inc. is a public gold exploration and mining company based in Saskatoon, Saskatchewan, with an asset base located entirely in Canada. Its shares trade on the Toronto Stock Exchange (TSX: CRJ) and the OTCQB (OTCQB: CLGRF). Since 1991, Claude has produced over 1,000,000 ounces of gold from its Seabee Gold Operation in northeastern Saskatchewan. The Company also owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan.
Footnotes
(1) See description and reconciliation of non-IFRS financial measures in the "Non-IFRS Financial Measures and Reconciliations" section in the Company's Q2 2015 MD&A available on the Company's website at www.clauderesources.com or on www.sedar.com or www.sec.gov
(2) Cash and bullion relates to current cash on hand of $16.8 million and $4.1 million of bullion (gold poured in dore bars which has not yet been sold and is valued at market prices)
(3) Forecast uses a foreign exchange rate assumption of $1.26 CDN$/U.S.$
CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact, contained or incorporated by reference in this news release and constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada will continue to support the development of mining projects in Canada.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Claude to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; possible variations in ore reserves, grade or recovery rates; mine development and operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing or in the completion of development or construction activities; and other risks and uncertainties, including but not limited to those discussed in the section entitled "Business Risk" in the Company's Annual Information Form. These risks and uncertainties are not, and should not be construed as being, exhaustive.
Although Claude has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date of this news release and accordingly, are subject to change after such date. Except as otherwise indicated by Claude, these statements do not reflect the potential impact of any non-recurring or other special items that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment.
Claude does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
CAUTIONARY NOTE TO US INVESTORS CONCERNING RESOURCES ESTIMATES
The resource estimates in this document were prepared in accordance with National Instrument 43-101, adopted by the Canadian Securities Administrators. The requirements of National Instrument 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"). In this document, we use the terms "measured", "indicated" and "inferred" resources. Although these terms are recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that constitute "reserves". Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a measured or indicated resource will ever be converted into "reserves". Further, "inferred resources" have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that "inferred resources" exist or can be legally or economically mined, or that they will ever be upgraded to a more certain category.
SOURCE Claude Resources Inc.
Are you involved in the buying or selling going on over the past few days?
Crickets.
Canada opts to use the tried and true method of killing the Golden Goose in order to maximize long term fiscal stability. Government types are always on the cutting edge of economic theory!
http://www.reuters.com/article/2015/07/07/silver-wheaton-taxation-idUSL3N0ZN28220150707
Canada opts to use the tried and true method of killing the Golden Goose in order to maximize long term fiscal stability. Government types are always on the cutting edge of economic theory!
http://www.reuters.com/article/2015/07/07/silver-wheaton-taxation-idUSL3N0ZN28220150707
Are you saying you sold 100 shares at 21? Someone is obviously interested in acquiring all the outstanding shares, but their timeline must be incredibly long. I always keep two shares on the ask at $200 just to keep my toe in the water in case the buyer gets tired of watching the grass grow.
A little pumping can't hurt at this point, but I'm guessing Ms Tomasaitis and Vorticom are willing to be paid in shares of AVCVF which they will probably sell immediately at the market.
It looks like we can finally move the chain again, 100 shares at $21.00. There appear to be 100 more on the offer at $40.00.
One share at $12.00 and two shares at $11.00 on 5/5/15.
Still a good idea, albeit with poor execution of the business plan. Hopefully, they can hang on until something positive happens in the way of actual paying contracts, or a white knight steps in to get the vanadium assets. The relentless equity financing, in the absence of any significant revenue has been devastating to say the least.
Duplicate post error. Sorry
Hopefully, this is accurate information even though it doesn't come directly from Scotiabank.
Claude Resources PT Set at C$1.05 by Scotiabank (CRJ)
Posted by Pezhman Azimi on May 9th, 2015 // No Comments
Share on StockTwits
Claude Resources logoAnalysts at Scotiabank set a C$1.05 target price on sharesof Claude Resources (TSE:CRJ) stock in a research report issued to clients and investors on Friday. The firm currently has a an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 54.41% from the company’s current price.
Shares of Claude Resources (TSE:CRJ) opened at 0.74 on Friday. Claude Resources has a 1-year low of $0.14 and a 1-year high of $0.75. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company has a market cap of $143.75 million and a price-to-earnings ratio of 37.00.
A number of other analysts have also recently weighed in on CRJ. Analysts at National Bank Financial raised their price target on shares of Claude Resources from C$0.80 to C$0.90 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Separately, analysts at Cormark reiterated a “buy” rating on shares of Claude Resources in a research note on Thursday, March 26th.
Claude Resources Inc is engaged in the acquisition, exploration and development of precious metal properties and the production and marketing of minerals. Claude’s mineral properties are located in northern Saskatchewan and northwestern Ontario. The Company’s mineral property portfolio includes the Seabee Property, a producing gold mine and exploration properties located at Laonil Lake, Saskatchewan, approximately 125 kilometers northeast of La Ronge, Saskatchewan.
Quarterly Highlights
· Record quarterly gold production of 21,067 ounces, an 86% increase from Q1 2014
· Mill head grade of 10.17 grams of gold per tonne for the quarter, a 77% increase from Q1 2014
· Gold sales for the quarter were 17,326 ounces, a 59% increase from Q1 2014
· Total cash cost per ounce of gold sold (1) of $675 (U.S. $544), a 31% decrease from Q1 2014
· All-in sustaining cost per ounce of gold sold (1) of $1,374 (U.S. $1,107), a 28% decrease from Q1 2014
· Cash flow from operations before net changes in non-cash operating working capital (1) of $9.3 million ($0.05 per share), a 417% increase from Q1 2014
· Santoy Gap Deposit ramp up on pace to achieve 500 tonnes per day
Sandstorm Gold Announces First Quarter Results
FIRST QUARTER HIGHLIGHTS
Record Attributable Gold Equivalent ounces sold1 of 12,460;
Revenue of $15.3 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $323 resulting in cash operating margins1 of $904 per ounce;
Operating cash flow of $8.1 million;
Net income of $0.8 million;
Entered into 10 royalty agreements on properties located in Africa and the USA, which include a 0.45% net smelter return royalty on Orezone Gold Corp.'s Bomboré gold project located in Burkina Faso;
Announced an agreement to restructure its Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. ("Luna");
Acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine ("Diavik") operated by Rio Tinto plc. ("Rio Tinto"); and,
Subsequent to quarter end, acquired 100% of the outstanding common shares of Gold Royalties Corporation ("Gold Royalties"). Gold Royalties had approximately C$2 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
http://seekingalpha.com/pr/13399466-sandstorm-gold-announces-first-quarter-results
AVCVF definitely has the right idea. Now let's hope we get a mention in one of Tesla's news releases in the near future.
"Though valued at just $200 million in 2012, the energy storage industry is expected to grow to $19 billion by 2017, according to research firm IHS CERA."
Tesla moves into batteries that store energy for homes, businesses
http://www.reuters.com/article/2015/05/01/us-tesla-motors-batteries-idUSKBN0NM34020150501?type=companyNews
Five shares slipped through for $11.00 per share on 4/6/2015. Hopefully, it was a market maker adjustment rather than some hapless individual shareholder not paying attention.
CMTX probably wouldn't have survived without the cost savings from discontinuing reporting.
Weed, huh? Now, if we can just make online wagering legal this may become a horse race. (no pun intended)
CLGRF may well be the poster child for how to weather the ongoing world central bank campaign to suppress the price of gold. When the banksters eventually fail (or decide they have transferred enough wealth to the elites) this will get interesting.
Claude Hits Record Annual Gold Production and Generates 2014 Net Profit of $4.6 Million
The major risks are the extremely thin trading and lack of transparency. Since they no longer submit public reports of any type, there is no way for anyone but insiders to know anything about the value of CMTX except for the limited price discovery associated with the small and infrequent buys in the $175 range. I suspect someone on the inside is quietly cleaning up the outstanding shares presumably to go completely private at some point, but of course, this is purely speculation on my part.
15 shares at $174.90 on 3/3/15, 2 shares at 174.90 on 3/20/15 and 11 shares at $175.00 on 3/23/15. Still no respect.
Seven cents seems to be the consensus. Pray for good news.
http://www.marketwatch.com/story/american-vanadium-announces-private-placement-and-corporate-update-2015-02-25
Here's another article from a little over a year ago.
http://www.zerohedge.com/contributed/2014-01-21/potential-exists-epic-short-squeeze-physical-gold
I often wonder what would happen to stocks like CLGRF if a majority of the now massive paper gold futures contracts suddenly stood fast for delivery even in the face of the daily frenzied onslaught of HFT selling at or shortly before the open of U.S. markets. In a perfect world, the gold would simply be delivered from the physical reserves wisely held by those responsible for making the delivery. Of course, if the custodians didn't actually have the gold........
http://www.rapidtrends.com/hunt-brothers-demanded-physical-silver-delivery-too/
No new activity since 1/2/15.
Poor execution of business plan, too much equity financing, and the crash in the price of oil.
Higher than average volume and buying at the ask today. Perhaps we're not completely defunct yet.
Unless we hear something reassuring very soon, I think it will be reasonable to assume there are major problems with the business plan at this point. I hope I'm wrong, but this price decline does not look good.
Greece, the crash in the price of oil, ISIS, etc. We'll have to have some positive news to pull out of this slump, and absolutely, positively, NO MORE equity financing.
"Trading in the common shares of the Corporation on the Toronto Stock Exchange ("TSX") have been halted and it is anticipated that the trading thereof will continue to be halted until a review is undertaken by the TSX regarding the suitability of the Corporation for listing on the TSX."
No way out for shareholders. Thanks, TSX, you're very helpful.
It looks like the newest director, Patrick Downey, is putting his money on the table. I can't help wondering if he is being brought in to facilitate the acquisition of CLGRF by an interested party. In any case, it looks like he thinks the current price is attractive.
http://www.wkrb13.com/markets/477727/insider-buying-claude-resources-director-acquires-70000-shares-of-stock-crj/
Exhibit No. Description
3.1 Corporate Resolution authorizing the increase in the number of authorized shares of common stock to 750,000,000 shares.
The Monarch Bay Way.
Who is accumulating and why? That is the question. $7.50/share on Wednesday and $175/share on Friday.