Agoracom: Small Cap Investment - Claude Resources - Claude Resources Logs Higher Core Earnings in Q1; Sets 2016 Output Guidance

Gold production & exploration

Seabee Mine, Saskatchewan - Madsen Mine, Red Lake On

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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Claude Resources Logs Higher Core Earnings in Q1; Sets 2016 Output Guidance

posted on May 05, 2016 10:14AM

2016-05-05 09:02:00 AM ET (MT Newswires)

09:02 AM EDT, 05/05/2016 (MT Newswires) -- Gold producer Claude Resources (CRJ.TO) Thursday reported strong core earnings for Q1 2016 while announcing its production guidance for 2016.

Adjusted net earnings were $9.1 million, or $0.05 per share, compared to last year's $5.1 million, or $0.03 per share. The significant improvement in financial performance relates to an increase in gold sales volumes, higher margin ore from the Santoy Gap deposit and higher Canadian dollar gold prices. Gold revenues in the quarter were $34 million, up 30% from 2015. The increase in gold revenue period over period was attributable to a 21% increase in gold sales volume and a 7% increase in Canadian dollar gold prices realized.

For 2016, the company expects production to be between 65,000 and 72,000 ounces of gold.

The stock finished Wednesday at $1.95, at the top half of 52-week range $0.51 - $2.20.