January 11, 2010 / 7:50 PM / 8 years ago

UPDATE 1-Claude Resources Q4 gold production at 14,300 ounces

* Says 2009 total gold production at 46,800 ounces

* Sees higher operating margins from Seabee mine in 2010

Jan 11 (Reuters) - Canada’s Claude Resources Inc CRJ.TO on Monday reported gold production of 14,300 ounces for the fourth quarter and said it expects its Seabee mine in Saskatchewan to deliver higher grades and operating margins in 2010.

The Calgary, Alberta-based company reported total gold production of 46,800 ounces for 2009. The company earlier expected production in the range of 46,000 ounces to 48,000 ounces for the year.

The gold exploration and mining company’s shares were up about 5 percent at C$1.34 in afternoon trade on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Maju Samuel)

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