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Claude Resources (Claude Resources) Cash Payments for Deposits by Banks and Customers


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What is Claude Resources Cash Payments for Deposits by Banks and Customers?

Cash Payments for Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


Claude Resources (Claude Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Claude Resources Inc (OTCPK:CLGRF) » Definitions » Cash Payments for Deposits by Banks and Customers
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Claude Resources Inc was incorporated on March 26, 1980. The Company is a gold exploration and mining company. The Company is engaged in the acquisition, exploration, and development of precious metal properties and the production and marketing of minerals. All of Claude's mineral properties are located in northern Saskatchewan and northwestern Ontario. Its revenue generating asset is the 100 percent owned Seabee Gold Operation, located in northern Saskatchewan. Company also owned 100 percent of the Amisk Gold Project in northeastern Saskatchewan. The Seabee Gold Operation has produced gold from five mineral leases. It currently is producing from ML5519, ML5520 and ML5543. Operations on Amisk Property consist of an exploratory search for mineable deposits of ore. Company has produced over 1,000,000 ounces of gold from its Seabee Gold Operation in northeastern Saskatchewan. The Seabee Gold Operation hosts over 550,000 ounces of gold Mineral Reserves and over 680,000 ounces of gold in Mineral Resources.