In 1982 entrepreneur Bill MacNeill gained control of Claude Resources Inc., which has grown to become Saskatchewan's largest gold mining company. Claude Resources has a strong balance sheet, experienced management and a unique mix of long-term revenue generating assets including the Seabee gold mine in Saskatchewan and interests in property in northern Manitoba and Ontario. The Seabee mine, 125 km northeast of La Ronge, has produced more than 650,000 ounces of gold since it went into production 1991.
In addition to the mining operations, Claude Resources also owns interests in several large oil and natural gas properties, most of which are located in the province of Alberta. These properties typically generate $9 million in gross revenues annually.