11:44 AM EST - Claude Resources Inc. : Today reported strong first-quarter gold production of 20,672 ounces. During the quarter, the Seabee Gold Operation milled 74,179 tonnes at a grade of 8.99 grams of gold per tonne with an average mill recovery of 96.5 percent. While first-quarter gold production was consistent from the comparable period in 2015 (2015: 21,067 ounces), gold sales were up 21% to 21,008 ounces. During the quarter, cash and bullion increased to $45.2 million, a 14% increase over the prior quarter, primarily from strong gold sales offset by $1.25 million of debt repayment and the payment of a large part of the Company's capital outlay on the winter ice road re-supply program. Claude Resources Inc.
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