Markets

Claude Resources Swings to Profit in December Quarter, Meets Estimates

A pen and a calculator.
Credit: Shutterstock photo

Claude Resources Inc. (CRJ.TO) reported a net profit of $2.4 million, or $0.01 per share, in line with consensus estimates. Revenues were $21.2 million versus consensus estimate of $21.7 million. In the same period last year, the company recorded a net loss of $202,000, with revenues of $19.9 million.

For 2013, forecast gold production at the Seabee Gold Operation is estimated to range from 50,000 ounces to 54,000 ounces. Capital expenditures at the Seabee Gold Operation in 2013 are expected to decrease 25% year over year to approximately $31.9 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos