Replies to post #379 on St Andrew Goldfields (SAS)

[geodan]

Thanks Bob for report. CLGRF has a superb Q, Record

And the stock has taken off and made new high for year.

CLAUDE RESOURCES SETS NEW GOLD PRODUCTION RECORD OF 75,748 OUNCES IN 2015 AND PROVIDES OUTLOOK FOR 2016

Highlights:

Record annual gold production of 75,748 ounces during 2015, a 20% increase from 2014;
Record safety and environment performances;
Strong cash and bullion (1) position of $39.8 million at year-end; and
2016 gold production guidance of 65,000 to 72,000 ounces.
Saskatoon, Saskatchewan, Canada: Claude Resources Inc. (“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.

At year-end, the Company had increased its cash and bullion (1) position by approximately $28.6 million to $39.8 million. The increase in cash and bullion year over year was a result of strong operating performance and improved Canadian dollar gold prices realized. In addition, cash and bullion was positively impacted during the quarter when the Company recovered its $2.8 million reclamation deposit by purchasing a surety bond to satisfy its decommissioning obligations.