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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade11/14/2012 9:05:19 AM
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Claude Resources Inc. Records Net Profit of $3.0 Million in Third Quarter of 2012

finance.yahoo.com

Third Quarter Highlights Include:

Net profit of $3.0 million , or $0.02 per share, after a $1.3 million non-cash deferred income tax expense.

Cash flow from operations before net changes in non-cash operating working capital (1) of $8.6 million , or $0.05 per share.

Production of 15,073 ounces of gold for the quarter ended September 30, 2012 .

Gold sales of 14,088 ounces at an average realized price of $1,663 (U.S. $1,671 ) for revenue of $23.4 million .

Total cash cost per ounce of gold (1) for the third quarter of 2012 was $920 (U.S. $924 ).

L62 Zone has been accessed and development is active on three levels. Development tonnage was accessed during the third quarter with production tonnage scheduled for the fourth quarter

Final leg of the shaft extension will be completed in stages starting in the fourth quarter and finish in the first quarter of 2013.

Santoy Gap drill results, released during the third quarter, extended the mineralized system up-dip, along strike to the north and at depth as well as confirmed continuity within the existing mineral resource. Drill hole JOY-12-677 returned the widest intercept to date, 14.58 grams of gold per tonne over 29.74 metres, confirming a high grade core that hosts multiple vein sets over combined widths of between 20 and 30 metres.

Seabee Gold Operation reaches one millionth ounce milestone.

Boing! Boing!
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