SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2015
Commission File Number: 001-31956
Claude Resources Inc.
(Name of Registrant)
200 - 219 Robin Crescent, Saskatoon, SK, S7L
6M8
(Address of Principal Executive Office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F *
Form 40-F þ
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): *
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): *
Indicate by check mark whether by furnishing
the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes *
No þ
If "Yes" is marked, indicate below the
file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Claude Resources Inc. |
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(Registrant) |
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By: /s/ Rick Johnson |
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Name: Rick Johnson, CPA, CA |
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Title: Chief Financial Officer |
Date: July 7, 2015
EXHIBIT INDEX
Exhibit |
Description |
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99.1 |
News Release Dated July 7, 2015 - Claude Produces 20,619 Ounces of Gold in Q2 and Increases 2015 Gold Production Guidance |
Exhibit 99.1
Claude Produces 20,619 Ounces of Gold in Q2 and Increases 2015
Gold Production Guidance
Trading Symbols: TSX: CRJ; OTCQB: CLGRF
Highlights:
| · | 2015 gold production guidance increased to 68,000 to 72,000 ounces |
| · | Q2 gold production of 20,619 ounces, a 10% increase over Q2 2014 |
| · | 1H 2015 gold production of 41,686 ounces, a 39% increase over 1H 2014
|
| · | Q2 2015 mill head grade of 8.88 grams per tonne, a 15% increase over
Q2 2014 |
| · | Increased cash and bullion (1) to $20.9 million which exceeds
long-term debt |
SASKATOON, July 7, 2015 /CNW/ - Claude Resources Inc.
("Claude" and or the "Company") reported second quarter 2015 gold production of 20,619 ounces, a 10% increase
from the second quarter of 2014. The record breaking first half performance of 41,686 ounces of gold has resulted in the Company
increasing its gold production guidance to 68,000 to 72,000 ounces in 2015 from its original guidance of 60,000 to 65,000 ounces.
Over the last four quarters, the Company has produced 74,584 ounces of gold.
Brian Skanderbeg, President and CEO commented, "By following
up a record first quarter with a strong second quarter, we are in a position to achieve two consecutive years of record performance.
The strong production performance and grades are a result of increased contribution from the higher grade Santoy Gap deposit and
from the implementation of the Alimak mining method at the Seabee Mine."
"Along with strong operating results we have remained
on budget. Our financial discipline along with higher production has increased our free cash flow yield and allowed us to increase
our cash and bullion (1) to $20.9 million – resulting in a positive net debt position at quarter end. Our focus
has been to improve operating execution, generate free cash flow and strengthen the balance sheet; our performance over the last
five quarters demonstrates that what we are doing is working and is sustainable."
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Production Highlights |
Q2 2015 |
Q2 2014 |
Change |
YTD 2015 |
YTD 2014 |
Change |
Seabee Gold Mine |
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Tonnes milled |
33,064 |
52,296 |
-37% |
61,416 |
89,332 |
-31% |
Head grade (grams per tonne) |
8.79 |
8.77 |
0% |
10.60 |
8.17 |
30% |
Ounces |
9,016 |
14,000 |
-36% |
20,101 |
22,285 |
-10% |
Santoy Mine Complex |
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Tonnes milled |
41,717 |
27,450 |
52% |
80,614 |
54,784 |
47% |
Head grade (grams per tonne) |
8.96 |
5.65 |
59% |
8.65 |
4.66 |
86% |
Ounces |
11,603 |
4,742 |
145% |
21,585 |
7,801 |
177% |
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Total tonnes milled |
74,781 |
79,746 |
-6% |
142,030 |
144,116 |
-1% |
Average head grade (grams per tonne) |
8.88 |
7.70 |
15% |
9.49 |
6.83 |
39% |
Recovery (%) |
96.5 |
95.0 |
2% |
96.2 |
95.0 |
1% |
Total gold produced (ounces) |
20,619 |
18,742 |
10% |
41,686 |
30,086 |
39% |
Total gold sold (ounces) |
20,534 |
17,690 |
16% |
37,860 |
28,555 |
33% |
Total mill throughput during the quarter of 74,781 tonnes
was slightly below budget but was offset with higher grades averaging 8.88 grams of gold per tonne and a recovery rate of 96.5%.
The increase in gold production is due to replacing the lower grade Santoy 8 ore with higher grade Santoy Gap ore, mine sequencing
and positive reconciliation on grade at both the Seabee and Santoy mines. The Santoy Gap deposit continued to advance ahead of
schedule by averaging 458 tonnes per day for the quarter.
Exploration
During the quarter, development of a drill chamber to test depth extensions of the Santoy Mine Complex was initiated. The 2015
Santoy exploration program, of approximately 35,000 metres, is anticipated to begin once the drill chamber is complete near the
end of the third quarter. At the Seabee Gold Mine, the 30,000 metre underground drill program has begun testing seven high
priority near mine targets. Results from the Seabee Gold Mine underground program are expected by the end of the third quarter
while results from the Santoy Mine Complex are expected later in the year.
Outlook
Based on the record operating performance in the first half of 2015, the Company has increased its annual gold production guidance
to 68,000 to 72,000 ounces from the Seabee Gold Operation. Mill throughput is expected to average approximately 800 tonnes per
day while grades are expected to be more in-line with mineral reserve grades.
Release Date for Q2 Operating and Financial Results
Further information regarding Claude's second quarter operating and financial results will be released on August 13, 2015. The
Company will also conduct a conference call and webcast following the news release. Specific details of the conference call and
webcast will be announced shortly.
Footnotes
(1) |
Cash and bullion relates to current cash on hand of $16.8 million and $4.1 million of bullion (gold poured in dore bars which has not yet been sold and is valued at market prices) |
Claude Resources Inc. is a publicly traded gold exploration
and mining company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX: CRJ) and the OTCQB
(OTCQB: CLGRF). Its asset base is located entirely in Canada and since 1991, Claude has produced over 1,000,000 ounces of gold
from its Seabee Gold Operation in northeastern Saskatchewan. The Company also owns 100 percent of the Amisk Gold Project in northeastern
Saskatchewan.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact,
contained or incorporated by reference in this news release and constitute "forward-looking information" within
the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking
statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves
and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production,
capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines,
currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these
forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation
thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof.
All forward-looking statements are based on various assumptions,
including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company
will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient
labour, and that the political environment within Canada will continue to support the development of mining projects in Canada.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Claude
to be materially different from those expressed or implied by such forward-looking statements, including but not limited to:
actual results of current exploration activities; environmental risks; future prices of gold; possible variations in ore reserves,
grade or recovery rates; mine development and operating risks; accidents, labour issues and other risks of the mining industry;
delays in obtaining government approvals or financing or in the completion of development or construction activities; and other
risks and uncertainties, including but not limited to those discussed in the section entitled "Business Risk" in the
Company's Annual Information Form. These risks and uncertainties are not, and should not be construed as being, exhaustive.
Although Claude has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as
of the date of this news release and accordingly, are subject to change after such date. Except as otherwise indicated by
Claude, these statements do not reflect the potential impact of any non-recurring or other special items that may occur after the
date hereof. Forward-looking statements are provided for the purpose of providing information about management's current
expectations and plans and allowing investors and others to get a better understanding of our operating environment.
Claude does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE Claude Resources Inc.
%CIK: 0001173924
For further information: Brian Skanderbeg, President &
CEO, Phone: (306) 668-7505; or, Marc Lepage, Manager, Investor Relations, Phone: (306) 668-7501, Email: ir@clauderesources.com,
Website: www.clauderesources.com
CO: Claude Resources Inc.
CNW 07:00e 07-JUL-15