Claude Resources Inc. Reports First Quarter Results
06.06.11
Trading Symbols TSX - CRJ NYSE Amex - CGR "Claude Resources records net earnings of $1.8 million in Q1"
SASKATOON, June 6, 2011 /PRNewswire/ - Claude Resources Inc. ("Claude" or the
"Company") today reported its first quarter financial and operating
results. For the quarter ended March 31, 2011, the Company recorded a
net profit of $1.8 million, or $0.01 per share. This compares to a net
loss of $1.6 million for the comparable period in 2010, or $0.01 per
share.
Speaking today in Saskatoon, President and Chief Executive Officer Neil
McMillan stated, "We had a very busy and successful first quarter of
2011. During the quarter we achieved commercial production at the new
Santoy 8 Gold Mine, conducted two exploration programs at Seabee and
Amisk, established the first drill chamber at Madsen to target the high
grade 8 Zone and safely executed our major winter re-supply program for
the Seabee Gold Operation. Early in the second quarter, we commenced
the Phase II drill program to test the 8 Zone at Madsen. The Phase II
drill program will continue throughout the year and could potentially
be expanded."
Source: Sacramento Bee