|Exhibit 4.7
|-----------



| | Suite 3201  130 Adelaide Street
      West 
      Toronto, Ontario, Canada M5H 3P5 
      George Pirie
      VICE PRESIDENT & CFO -CANADA
| | ------------------------------------------------------------------------------------------------------------------------------------------



|December 5, 2002
|----------------



|Claude Resources Inc. Suite 200, 224-4 th
Avenue South Saskatoon, Saskatchewan S7K 5M5
|--------------------------------------------------------------------------------------



|Dear Sirs:
|----------

|Re: | Amendment No. 3 to Agreement between Placer Dome
      (CLA) Limited and 
      Claude Resources
|--- | ------------------------------------------------------------------------------------------------



|This letter (the  Amendment)
modifies the terms of the letter agreement dated  November 8, 2000 (the Letter
Agreement),  between  Placer Dome (CLA)  Limited  (Placer) and Claude
Resources Inc.  (Claude),  as amended by Amendment No. 1  and  Amendment  No.
2, both dated  December 15,  2000,  pursuant to which Placer  acquired  and option (the
Option)  to earn an  undivided  55% interest in the  Property,  and
thereafter  participate  in a joint  venture with Claude for the  purpose of the
development and operation of a mine thereon.
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|Capitalized  terms used  herein and not
otherwise  defined  shall have the same  meaning as in the Letter Agreement.
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|Placer and Claude hereby agree as follows:
|------------------------------------------



| | 1. Paragraph
4.6(d) of the Letter  Agreement is Amended to read on or  before  the fourth
anniversary  of the  Effective  Date,  incur  total  cumulative Work Costs of $8,200,000; and
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2.  Paragraph
4.6(e)  of the  Letter  Agreement  is  amended  to  read  deliver,  on or before
the sixth  anniversary of the Effective Date, a  Bankable Feasibility Study, as herein
defined.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|This  Amendment may be executed by facsimile and
in any number of  counterparts,  and it will not be necessary that the signatures of both
parties be contained on  any  counterpart.  Each  counterpart  will be deemed to be an
original,  but all  counterparts together will constitute one and the same instrument.
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|If the terms of this Amendment are  acceptable
to you,  please sign the enclosed  copies  of this  letter  and  return  on  fully
signed  copy of the same to the  undersigned at your earliest convenience.  This
Amendment will then constitute a  binding agreement.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Yours truly,
      PLACER DOME (CLA) LIMITED
      By:/ s / George Pirie                                                                                                                                                    
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                             
| | Print Name: George Pirie 
      Print Title: Vice President & CFO
      CLAUDE RESOURCES INC. 
      By: / s / Arnie E. Hillier                                                                                             
| |                                                                                                                                                                                                                             
| | Print Name: Arnie E. Hillier 
      Print Title: Vice Chairman, CEO, CFO
      TEL (416) 363-0722 FAX (416) 363-5950 
      WEB www.placerdome.com 
      Placer Dome (CLA) Limited 
      A member of the Placer Dome Group



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