Q3 Net Profit $6.9M / $22M Cash Flow YTD / All-in Cost $976 Share price notwithstanding, 2014 has been a banner year for Claude.
Here’s a quick rundown of Q3:
New record quarterly gold production of 20,614 ounces, a 96% increase from Q3 2013
Year to date gold production of 50,700 ounces, a 63% increase from the first nine months of 2013 and 16% better than full year 2013
Mill head grade of 8.88 grams per tonne for the quarter, a 68% increase from Q3 2013
Debt reduction totaling $9.7 million during the first nine months of 2014; CASH accumulation of $10.6M (working capital +$27M)
All in sustaining cost per ounce of gold of $1,063 (U.S. $976), a 32% decrease from Q3 2013
12,500 ounces of gold hedged at $1,425 Canadian
Here’s what to expect from Claude Resources going forward…