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TSX–NYSE MKT: RIC
POSITIONING FOR SUSTAINABLE GROWTH
Montreal and New York Marketing
March 29 - 30, 2016
www.richmont-mines.com 2RIC: TSX NYSE-MKT
FORWARD LOOKING STATEMENTS
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning
Resource Estimates
This presentation contains forward-looking statements that include risks and uncertainties. The factors that could
cause actual results to differ materially from those indicated in such forward-looking statements include changes in the
prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining
operations that could affect revenue and production costs. Other factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’s
periodic reports and annual notice.
The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the Canadian
Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States
Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and
“Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not
recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral
deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve
unless the determination has been made that the mineralization could be economically and legally extracted at the time
the determination is made. United States investors should not assume that all or any portion of a Measured or
Indicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount of
uncertainty as to their existence and whether they can be mined economically or legally, and United States investors
should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be
upgraded to a more certain category.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may
be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)
www.richmont-mines.com 3RIC: TSX NYSE-MKT
RICHMONT MINES OVERVIEW
Quality Asset Base in Canada
Growing Production Profile
Decreasing Cost Structure
Growing Cash Flow Streams
Significant Exploration Potential
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (58M)
www.richmont-mines.com 4RIC: TSX NYSE-MKT
CAPITAL STRUCTURE
Capital Structure(1)
Issued & Outstanding Shares 58.3M
Options 3.0M
Fully Diluted 62.3M
Cash(1) C$61
Total Debt(2) C$7.3M
Ticker RIC:TSX–NYSE
Market Capital (March 23/16) C$405M
(1) As of Dec. 31, 2015.
(2) Long-term debt is primarily comprised of capital lease obligations
$61M
CASH
$7.3M
DEBT
Analyst Coverage
CIBC Kevin Chiew
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
PI Financial Brian Szeto
TD Securities Daniel Earle
Paradigm Capital Don Blyth
Cormark Securities Kyle MacPhee
Mackie Research Ryan Hanley
Canaccord Genuity Rahul Paul
BMO Capital Markets Brian Quast
Haywood Securities Kerry Smith
Scotia Capital Craig Johnston
RIC
(as of March 23, 2016)
TSX
C$
NYSE MKT
US$
Closing price $6.92 $5.36
52-week range $3.14-$7.30 $2.27-$5.48
Market Cap (M’s) $405M $308M
30-day daily trading avg. 312,287 425,288
Strong cash position supports fully
funded strategic growth plan
www.richmont-mines.com 5
Record Revenues of $143.7 million
Strong operating cash flow per share of $0.74
Strong cash position of $61 million at year end
Low long term debt of $7.3 million
Assembled experienced senior management team
Appointed Rene Marion as non-executive Chairman
Appointed Peter Barnes to the Board of Directors
CORPORATE HIGHLIGHTS
www.richmont-mines.com 6
Annual production exceeds guidance; AISC in-line with guidance
Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor
Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed
Beaufor mine life increased to more than 2 years(1)
Released Preliminary Economic Assessment for Island Gold (Oct 28/15)
OPERATIONAL HIGHLIGHTS
2015
2015
Guidance
2016
Guidance
Gold produced (oz) 98,031 87,000-95,000 87,000-97000
Cash cost per oz. (CAN$)(1) $977 $935-$1,035 $930-$1,000
AISC (CAN$)(1) $1,373 $1,335-$1,490 $1,275-$1,390
Cash cost per oz. (US$)(1) $764 $750-$825 $680-$730(2)
AISC (US$)(1) $1,074 $1,075-$1,190 $935-$1,015(2)
1. Refer to the Non-GAAP performance measures contained in the Annual MD&A.
2. For 2016 material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce);
and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31, 2015 Gold ounces Grams per tonne
Island Gold Proven & Probable
above ~400m 76,700 6.91
below ~400m 485,000 8.52
Island Gold Proven &
Probable
561,700 8.26
Beaufor Proven & Probable 63,850 6.57
Total Proven & Probable 625,550 8.05
(1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this presentation
(2) No changes to Mineral Reserves were made at the Corporation’s other properties.
(1) Mine life based on 2015 Mineral Reserves and Resources
2015 Operational Highlights
www.richmont-mines.com 7RIC: TSX NYSE-MKT
HIGH-GRADE UNDERGROUND MINE IN CANADA
Expansion opportunity to grow production
Growing production and declining cost structure
Reserves increase by 206%; 7-year mine life(1)
Exploration potential laterally and at depth
(1) Refer to full 2015 Reserve and Resource information at the end of this presentation
2015
2016
Guidance
PEA
2017-2022
Avg.
Gold Production (oz)(1) 55,040 62,000-67,000 78,000
Cash costs/oz (C$)(1)(2) $1,034 $900-$960 $552
AISC (C$)(1)(2) $1,460 $1,170-$1,250 $639
Cash costs/oz (US$)(1)(2) $808 $660-$705 $414
AISC (US$) (1)(2) $1,141 $855-$920 $479
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) 2016 Guidance assumes an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a
foreign exchange rate of 1.364 Canadian dollars to the US dollar.
63% INCREASE IN PRODUCTION SINCE 2013
Capital and Exploration 2015
2016
Guidance
2016
PEA
Sustaining Capital ($M) 22.3 17.3 ~$20.0(2)
Project Capital ($M) PEA 28.9 37.4 36.8
Project Capital ($M)
non-PEA
2.0 6.0(1) -
Exploration ($M) 4.6 7.3 -
(1) Includes 1,000m of development and related infrastructure outside of the PEA area
(2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M
2015 Reserves and
Resources
Tonnes
Gold
Ounces
Grade g/t
Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26
M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40
Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49
(1) Mine life based on 2015 Mineral Reserves and Resources
www.richmont-mines.com 8RIC: TSX NYSE-MKT
Underground Mine Productivity
ISLAND GOLD MINE:
POSITIONING FOR GROWTH
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
0
100
200
300
400
500
600
700
800
900
Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 2016E PEA
Base
Case
Gramspertonne
Tonnesperday
Underground tpd Head grade (g/t)
Island Gold 2014 2015 2016E
Underground tpd 657 659 800
Mill tpd 656 663 800
Head grade (g/t) 7.62 7.31 7-7.5
Recoveries (%) 96.00 96.80 96.50
(1) Fourth quarter production and mine and mill productivity includes a 3-week scheduled underground mine
shutdown in October
Tonnes mined from development ore:
• 2015: 50% / 2016E: 40%
• PEA: 5% (2017-2022)
First 2 mining horizons developed
3 years of mine life pre-developed
63% increase in production since 2013
Tailings expansion complete (2.3MT)
www.richmont-mines.com 9RIC: TSX NYSE-MKT
ISLAND GOLD:
2016 DEVELOPMENT AND MINE PLAN
First mining horizon (100% longhole)
Second mining horizon (100% longhole)
Third mining horizon (100% longhole)
Potential fourth mining horizon (100% longhole)
www.richmont-mines.com 10RIC: TSX NYSE-MKT
• Conceptual expansion case released in H2 2016; Potential Expansion Case
to 1,150 tpd decision in H1 2017
ISLAND GOLD: PEA OVERVIEW
• Potential for increased production and lower AISC
0
200
400
600
800
1000
1200
Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Dec 15 Permitted
Capacity
Increased Capacity of 900tpd
Base Case 800tpd
• Phased approach: Phase 1 (800 tpd)
• Mining from a depth of 450 to 860 metres over three long-hole mining horizons
• Excludes resources above the 450 metre level, isolated resource blocks and parallel zones
• Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at
$552/oz cash costs
PEA Summary 2017-2022
Tonnes Milled (Mt) 1.7
Head Grade (g/t) 8.67
Mine life excl. transition period (years) 6
Daily mine production (tpd) 801
Gold recovery (%) 96.5
Production (Koz) 464.6
Average annual gold production (Koz) 78
Total operating cost ($M) 256
Average cash operating cost ($/t) 148
Average cash operating cost ($/oz) 552
Transition Period Project Capital 2015-2016 ($M) 62
Sustaining Capital ($M) (2017-2022) 40.5
Mill Expansion Opportunity
Expanded Case: 1,150tpd
www.richmont-mines.com 11RIC: TSX NYSE-MKT
86,500m Drilling program launched in Q4 2015; 50,050m completed to date
ISLAND GOLD: EXPLORATION PROGRAM
U
p
p
e
r
M
i
n
e
L
o
w
e
r
M
i
n
e
www.richmont-mines.com 12RIC: TSX NYSE-MKT
ISLAND GOLD: PLANNED REGIONAL
EXPLORATION DRILLING
www.richmont-mines.com 13RIC: TSX NYSE-MKT
BEAUFOR MINE: OVERVIEW
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) Material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100
per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
(3) Refer to full 2015 Reserve and Resource information at the end of this presentation
2015 2016 Guidance
Gold Production (oz)(1) 26,411 25,000-30,000
Gold Sold (oz) 26,875 -
Cash costs/oz (C$)(1)(2) $995 $1,000-$1,060
AISC (C$)(1)(2) $1,216 $1,230-$1,330
Cash costs/oz (US$)(1)(2) $778 $735-$780
AISC (US$) (1)(2) $951 $905-$975
Capital and Exploration 2015 2016 Guidance
Sustaining Capital ($M) $5.9 $6.8
2015 Reserves and
Resources
Gold
Ounces
Grade g/t
Reserves (oz)(3)/Grade (g/t) 63,850 6.57
M&I (oz)(3) /Grade (g/t) 171,900 6.34
Inferred (oz)(3)/Grade (g/t) 28,000 6.44
Reserves increased by 95%; mine life
increased by 2 years (based on reserves)
Development of the Q Zone; Target of reaching
the mineralized structure by early 2016
Generating free cash flow
Camflo Mill: capacity of 1,200 tpd provides
toll milling opportunities
www.richmont-mines.com 14
MINERAL RESERVES INCREASE BY 187%
Gold oz.
63,850
Gold oz.
561,700
0
100
200
300
400
500
600
700
2012 2013 2014 2015
MineralReserves(000’sounces)
Monique Beaufor Island Gold
Mineral Reserves Growth
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
Gold ounces Grams per tonne
December 31 2015 2014
Change
(%) 2015 2014
Change
(%)
Island Gold Proven & Probable
above ~400m 76,700 90,000 (15%) 6.91 6.04 14%
below ~400m 485,000 93,750 417% 8.52 6.76 26%
Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29%
Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%)
Total Proven & Probable 625,550 217,950 187% 8.05 6.43 25%
(1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this press release.
(2) No changes to Mineral Reserves were made at the Corporation’s other properties.
Island Gold Reserves increase by 206%
• 29% increase in grade to 8.26 g/t
• 80% of PEA resources converted
• Mine life of 7 years (based on reserves)
Beaufor Reserves increase by 95%
• Mine life > 2 years (based on reserves)
• Conversion primarily from the Q Zone
Significant exploration
potential for additional
reserve growth
www.richmont-mines.com 15RIC: TSX NYSE-MKT
WELL POSITIONED FOR SUSTAINABLE GROWTH
Significant Exploration Potential
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (58M)
Growing Production - Decreasing Cash Costs Growing Cash Flow Streams
Quality Asset Base in Canada
Growing Production Profile
Decreasing Cost Structure
Growing Cash Flow Streams
-
200
400
600
800
1,000
1,200
50,000
60,000
70,000
80,000
90,000
100,000
110,000
FY-15A FY-16* FY-17 FY-18
Cashcostsperoz.(CAD$)
GoldProduction(oz)
* 2016 is mid-range of guidance
Source: ThomsonOne Consensus Data
Production (oz) Cash Costs (CAD$/oz)
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
FY-15 FY-16 FY-17 FY-18
CashFlowpershare(C$)
Source: ThomsonOne Consensus Data
OCF/PS
APPENDIX
www.richmont-mines.com 17RIC: TSX NYSE-MKT
CHRISTIAN BOURCIER
Vice-President,
Operations
P. ENG
President and
Chief Executive Officer
P. ENG
RICHMONT MINES: MANAGEMENT TEAM
RENAUD ADAMS DANIEL ADAM
Vice-President
Exploration
GEO PHD
NICOLE VEILLEUX
Vice-President
Finance
CPA, CA
JEAN BASTIEN
Island Gold Mine
General Manager
P. ENG, MBA
MARC-ANDRÉ LAVERGNE
Beaufor Mine and Camflo Mill
General Manager
P. ENG
MAXIME GRONDIN
Director,
Human Resources
CIRC
MÉLISSA TARDIF
ANNE DAY
Vice-President,
Investor Relations
MBA
STEVE BURLETON
Vice-President,
Business Development
CFA, MBA
Director,
Business Performance
Management and
Infrastructure
BSC ISE
MIGUEL MENDOZA
Lawyer and
Corporate Secretary
LLB
www.richmont-mines.com 18RIC: TSX NYSE-MKT
RICHMONT MINES: BOARD OF DIRECTORS
GREG CHAMANDY
Director
RENÉ MARION
Chairman
of the Board
P. ENG
MICHAEL PESNER
Director and Chairman of
the Audit Committee
CA
RENAUD ADAMS
Director, President
and Chief Executive Officer
P. ENG
PETER BARNES
Director
CA
ELAINE ELLINGHAM
Director
P. Geo., MBA
www.richmont-mines.com 19
2016 OPERATIONAL ESTIMATES
2016 Production and Cost Guidance
2016 Capital Investment Guidance
Operational Estimates Island Gold Beaufor
2016 Consolidated
Estimates
Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000
Cash Costs per Ounce (CAD$)(1) $900-$960 $1,000-$1,060 $930-$1,000
Sustaining Capital per Ounce (CAD$) $260-$290 $230-$270 $250-$280
Corporate G&A per Ounce (CAD$) $95-$110
All-in Sustaining Costs per Ounce (CAD$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390
Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730
Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205
Corporate G&A per Ounce (US$) $70-$80
All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015
(1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A.
Material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
Capital and Exploration Investment ($M) Island Gold Quebec Division
2016 Consolidated
Estimates
Sustaining Capital (CAD$) $17.3 $6.8 $24.1
Project Capital (CAD$)(3) $43.4 $ - $43.4
Company-wide Exploration (CAD$) $7.3(1) $1.1(2) $8.4
Sustaining Capital (US$) $12.7 $5.0 $17.7
Project Capital (US$)(3) $31.8 $ - $31.8
Company-wide Exploration (US$) $5.4 $0.8 $6.2
(1) Exploration costs required to complete the drilling programs announced in September 2015.
(2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property.
(3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary development outside the scope of the PEA.
www.richmont-mines.com 20RIC: TSX NYSE-MKT
Sustaining Capital Investment ($M) CAD$ US$
Exploration Expense 4.6 3.6
Total Exploration 4.6 3.6
2015 Island Gold Exploration Expense
ISLAND GOLD: Capital & Exploration Expenditures
Sustaining Capital Investment ($M) CAD$ US$
Capital Projects / Fixed Assets 10.3 8.1
Sustaining Mine Development 9.1 7.1
Delineation Drilling 2.9 2.3
Sustaining Capital Investment 22.3 17.5
• Additional sustaining costs for the year included electrical and infrastructure upgrades of $1.7 million
(US$ 1.3 Million) and the development of additional resources located in the Goudreau Zone, which was
not considered in 2015 guidance estimates.
• Additional project capital investments for 2015 included the expansion of the tailings dam capacity for
$6.8 million (US$ 5.3 million), electrical upgrades of $3.4 million (US$ 2.7 million) as well as other site
infrastructure upgrades.
2015 Island Gold Capital Investment
Project Capital ($M)(1) CAD$ US$
Tailings Dam Expansion 8.7 5.3
Main Ramp Extension 7.8 6.1
Eastern Ramp Extension and 620m Exploration Drift 8.5 6.6
Electrical Upgrade 5.9 2.7
Total Project Capital 30.9 20.7
www.richmont-mines.com 21RIC: TSX NYSE-MKT
Development Ore vs. Unit Costs:
$1,232
$1,696
1000
1100
1200
1300
1400
1500
1600
1700
1800
USD Gold CAD Gold
ISLAND GOLD: OPTIMIZING UNIT COSTS
$49
SG&A (21%)
2015 Unit Cost Allocation
$140
MINING (60%)
$35
MILLING
(15%)
$8
ROYALTIES (3%)
Strong Leverage to Canadian Dollar
95% of Cash Outflows in CAD$
3-years mine life pre-developed:
Provides significant flexibility
www.richmont-mines.com 22RIC: TSX NYSE-MKT
49,196
oz
MINERAL RESERVES AND RESOURCES
Richmont Mines 2015 Mineral Reserve
and Resource Estimates
December 31, 2015 December 31, 2014
Tonnes Grade Ounces Tonnes Grade Ounces
(metric) (g/t Au) (metric) (g/t Au)
ISLAND GOLD MINE
Proven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700
Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300
Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000
Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150
Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600
Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750
Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750
Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400
Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450
Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200
Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050
Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800
Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950
Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750
BEAUFOR MINE4
Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100
Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650
Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750
Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000
Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850
Total Measured & Indicated Resources 843,000 6.34 171,900 917,000 6.44 189,850
Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600
MONIQUE MINE5
Proven Reserves2
Probable Reserves2 14,500 3.16 1,450
Total Proven & Probable Reserves2 14,500 3.16 1,450
Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850
WASAMAC GOLD PROPERTY6
Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550
Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700
Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250
Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400
FRANCOEUR GOLD PROPERTY6, 7
Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600
Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000
Total Measured & Indicated Resources 320,000 6.47 66,600 320,000 6.47 66,600
Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150
TOTAL RESERVES AND RESOURCES
Proven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950
Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600
Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900
1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do
not have demonstrated economic viability.
2. In 2015, based on a gold price of CAD$1,300 per ounce and an exchange rate of CAD$1.2037 = US$1.00.
(In 2014: gold price of CAD$1,300 per ounce and CAD$1.0833 = US$1.00).
3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.
4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at
December 31, 2015 and 2014.
5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit.
6. Underground Mineral Resources established as of December 31, 2012.
7. Francoeur Mine closed in November 2012.
www.richmont-mines.com 23
TOP SHAREHOLDERS
Firm Name % O/S Shares Held City
Oxbridge Group, Inc.(1) 6.93 4,020,854 Montreal
Renaissance Technologies LLC 5.95 3,484,500 New York
ZPR Investment Management Inc. 4.70 2,752,610 Orange City
Caisse de Depot et Placement du Quebec 4.66 2,730,000 Montreal
OppenheimerFunds, Inc. 3.93 2,300,000 New York
1832 Asset Management L.P. 3.72 2,175,000 Toronto
Connor, Clark & Lunn Investment Management Ltd. 3.10 1,812,714 Vancouver
RBC Global Asset Management Inc. 2.92 1,711,273 Toronto
Sentry Investments Inc. 2.76 1,615,900 Toronto
Mackenzie Financial Corporation 2.73 1,600,800 Toronto
Ruffer LLP 2.22 1,300,000 London
U.S. Global Investors, Inc. 1.88 1,100,000 San Antonio
Fiera Capital Corporation 1.70 995,789 Montreal
Fonds de Solidarité FTQ 1.68 985,600 Montreal
Eterna Investment Management Inc. 1.52 888,600 Quebec City
Picton Mahoney Asset Management 1.45 850,000 Toronto
Dimensional Fund Advisors, L.P. 1.41 825,000 Austin
Norrep Capital Management Ltd. 1.12 655,400 Calgary
Manulife Asset Management Limited 1.11 650,000 Toronto
Acadian Asset Management LLC 1.00 584,648 Boston
Formula Growth Ltd. 0.94 550,000 Montreal
AGF Investments Inc. 0.93 546,600 Toronto
BlackRock Asset Management Canada Limited 0.93 545,000 Toronto
James Investment Research Inc. 0.86 505,415 Xenia
Gabelli Funds, LLC 0.77 450,000 Rye
(1) Shares held by H. Greg Chamandy, Director– Richmont Mines
www.richmont-mines.com 24
ISLAND GOLD MINE
Near-Mine Lateral Exploration
www.richmont-mines.com 25
ISLAND GOLD MINE
Deep Directional Drilling (Phase 1)
www.richmont-mines.com 26
ISLAND GOLD MINE
Eastern Lateral Exploration
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ISLAND GOLD MINES
Western Lateral Exploration
www.richmont-mines.com 28RIC: TSX NYSE-MKT
BEAUFOR MINE: OPERATIONAL HIGHLIGHTS
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
Safe operation, 2 years without lost-time injury
Cash costs & AISC in-line with guidance
Reserves increased by 95%; mine life increased by 2 years (reserves)
Development of Q Zone; target to reach mineralization Q1 2016
Beaufor Mine
Quarter ended
Dec. 31/15
Quarter ended
Dec. 31/14
Twelve-months
ended
Dec. 31/15
Twelve-months
ended
Dec.31/14
Gold produced (oz) 5,652 6,633 26,411 24,959
Gold sold (oz) 5,237 5,840 26,875 24,006
Cash cost per ounce (CAN$)(1) 1,084 935 995 946
AISC (CAN$)(1) 1,515 988 1,216 1,024
Realized gold price (CAN$) 1,467 1,367 1,474 1,399
Cash cost per ounce (US$)(1) 812 823 778 856
AISC (US$)(1) 1,135 870 951 927
Realized gold price (US$) 1,099 1,204 1,153 1,267
Underground tpd 306 327 343 323
Mill tonnes 28,345 30,247 125,447 115,573
Head grade (g/t) 6.30 6.96 6.64 6.86
Recoveries (%) 98.4 98.1 98.6 97.9
Sustaining Costs ($000’s) 2,259 313 5,942 1,880
Project and non-sustaining capital ($000’s) 132 607 340 1,733
www.richmont-mines.com 29RIC: TSX NYSE-MKT
MONIQUE MINE: OPERATIONAL HIGHLIGHTS
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
Monique Mine
Quarter ended
Dec. 31/15
Quarter ended
Dec. 31/14
Twelve-months
ended
Dec. 31/15
Twelve-months
ended
Dec. 31/14
Gold produced (oz) 2,525 7,324 16,580 23,675
Gold sold (oz) 2,835 6,774 17,657 23,490
Cash cost per ounce (CAN$)(1) 977 586 782 910
AISC (CAN$)(1) 982 647 798 958
Realized gold price (CAN$) 1,478 1,366 1,486 1,387
Cash cost per ounce (US$)(1) 731 516 612 824
AISC (US$)(1) 735 570 625 867
Realized gold price (US$) 1,107 1,203 1,162 1,256
Mill tonnes 45,922 85,447 224,673 283,009
Head grade (g/t) 1.77 2.80 2.37 2.71
Recoveries (%) 96.4 95.3 96.7 96.0
Mining of the pit completed January 2015
Cash Costs & AISC in-line with guidance
Strong Free Cash Generation
Stockpile processed in 2015; grade of 2.37 g/t Au
Reclamation on-going
www.richmont-mines.com 30RIC: TSX NYSE-MKT
WASAMAC: ADVANCED DEVELOPMENT PROJECT
Resources Tonnes
Grade
(g/t Au)
Gold
Ounces
Measured Resources 3,124,500 2.75 276,550
Indicated Resources 12,127,000 2.89 1,125,700
Inferred Resources 18,759,000 2.66 1,605,400
(1) Refer to full 2014 Reserve and Resource information at the end of this presentation
15km west of Rouyn-Noranda, Quebec
100% owned, no royalties
Close proximity to existing infrastructure
Located in the Abitibi gold mining district
Significant exploration potential
NI 43-101 PEA released in March 2012
www.richmont-mines.com 31RIC: TSX NYSE-MKT
RICHMONT MINES ASSETS
VALD’OR AREA – EXPLORATION PROPERTIES
www.richmont-mines.com 32RIC: TSX NYSE-MKT
RICHMONT MINES ASSETS
ROUYN-NORANDAAREA / EXPLORATION PROPERTIES
www.richmont-mines.com 33RIC: TSX NYSE-MKT
RICHMONT MINES ASSETS
TIMMINS AREA / EXPLORATION PROPERTIES
www.richmont-mines.com 34RIC: TSX NYSE-MKT
OUR VISION and STRATEGY
Our vision is to become a leading intermediate gold producer focused on
the Americas generating superior per share valuation. We are committed to a
Sustainable Business Model and a strategy of long-term growth, and will fully
utilize the Corporation’s strong balance sheet, assets, cash flow, capital
structure and the extensive experience of the Corporations’ Board of
Directors and Management Team to build the next leading Canadian based
intermediate gold company.
Our strategy, in the short term, will focus on becoming a leading junior
gold producer by maintaining at all times a superior per share position on
operational & financial metrics while maintaining a sustainable and risk
adverse approach under a ‘Sustainable Business Model’.
We are guided by our core corporate values to achieve long term value
for all of our stakeholders. By cultivating a culture of responsible
performance, we are focused on operating in a sustainable manner while
holding ourselves accountable to all of our stakeholders.
www.richmont-mines.com 35RIC: TSX NYSE-MKT
OUR VALUES
At the heart of this is a commitment to
responsibility, integrity and accountability
and the Corporation’s four corporate
values of Family, Health & Safety,
Growth and Team Work.
Health
and Safety
“Zero tolerance…”
Family
“At the heart of
what unites us…”
Richmont Mines is a family. Our
management team is easily accessible
and actively listens to our employees and their
families. Richmont has put a number of plans and
activities in place, including programs that
support work-family balance, scholarships,
and student hiring.
Health and safety is a cardinal value
of the corporation. Richmont Mines
makes every effort to safeguard the health
and safety of all of its employees. We implement
efficient health and wellness programs and
support our objectives with recognition programs.
The only truly acceptable result is zero accidents.
Team Work
“Working together...”
Richmont Mines strives to create a unified
team by encouraging the involvement and
the participation of our employees and
stakeholders. We want our employees to
enjoy working together. Every position is
important. Working together and promoting
cooperation promotes continued success and
the achievement of greater objectives.
With an objective of becoming a leading junior
gold producer in the short-term and an important
intermediate gold producer, Richmont’s growth is
supported by the development of our workforce, the
health and safety of our employees, and cultivating
good relations with the community, while having
a transparent approach, driven by integrity
and ethics.
Growth
“We are building the future…”
www.richmont-mines.com 36RIC: TSX NYSE-MKT
SUSTAINABLE BUSINESS MODEL
We believe in developing Richmont based
on the principles of sustainability,
in order to deliver sustainable and
superior value for all stakeholders
with low risk exposure
to precious metals.
Sustainable
Human Resources
Sustainable
Community Development
Sustainable
Process Improvement
Sustainable
Growth Principles
Making work life sustainable through
employee health & safety and wellness
programs, improved supervisory & operational
planning/implementation practices and skills
through training programs. Develop potential
leadership abilities through leadership program.
Promote Life in Balance; family, work and
personal development.
Reducing inefficiency and waste
through quality & performance
management by implementation of
“Lean” methods and balanced score
card approach. Advanced knowledge
and experience with energy efficiency,
sustainable waste systems & construction/
building practices.
Leadership and consulting skills for
promoting comprehensive change
toward sustainability in communities and
developing world-class relationships
with Aboriginal communities.
Developing sustainable exploration,
development, operational and financial
practices in order to deliver superior per share
value, mitigation/management of risk exposure
and discipline approach toward preserving best-
in-class balance sheet and capital structure.

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03 29-16-macquarie-marketing

  • 1. TSX–NYSE MKT: RIC POSITIONING FOR SUSTAINABLE GROWTH Montreal and New York Marketing March 29 - 30, 2016
  • 2. www.richmont-mines.com 2RIC: TSX NYSE-MKT FORWARD LOOKING STATEMENTS Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resource Estimates This presentation contains forward-looking statements that include risks and uncertainties. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’s periodic reports and annual notice. The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the Canadian Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a Measured or Indicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be upgraded to a more certain category. U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml. (All amounts are in Canadian dollars, unless otherwise indicated.)
  • 3. www.richmont-mines.com 3RIC: TSX NYSE-MKT RICHMONT MINES OVERVIEW Quality Asset Base in Canada Growing Production Profile Decreasing Cost Structure Growing Cash Flow Streams Significant Exploration Potential Strong Balance Sheet Favourable Canadian Dollar Exposure Low Shares Outstanding (58M)
  • 4. www.richmont-mines.com 4RIC: TSX NYSE-MKT CAPITAL STRUCTURE Capital Structure(1) Issued & Outstanding Shares 58.3M Options 3.0M Fully Diluted 62.3M Cash(1) C$61 Total Debt(2) C$7.3M Ticker RIC:TSX–NYSE Market Capital (March 23/16) C$405M (1) As of Dec. 31, 2015. (2) Long-term debt is primarily comprised of capital lease obligations $61M CASH $7.3M DEBT Analyst Coverage CIBC Kevin Chiew Macquarie Capital Markets Michael Gray National Bank Financial Adam Melnyk PI Financial Brian Szeto TD Securities Daniel Earle Paradigm Capital Don Blyth Cormark Securities Kyle MacPhee Mackie Research Ryan Hanley Canaccord Genuity Rahul Paul BMO Capital Markets Brian Quast Haywood Securities Kerry Smith Scotia Capital Craig Johnston RIC (as of March 23, 2016) TSX C$ NYSE MKT US$ Closing price $6.92 $5.36 52-week range $3.14-$7.30 $2.27-$5.48 Market Cap (M’s) $405M $308M 30-day daily trading avg. 312,287 425,288 Strong cash position supports fully funded strategic growth plan
  • 5. www.richmont-mines.com 5 Record Revenues of $143.7 million Strong operating cash flow per share of $0.74 Strong cash position of $61 million at year end Low long term debt of $7.3 million Assembled experienced senior management team Appointed Rene Marion as non-executive Chairman Appointed Peter Barnes to the Board of Directors CORPORATE HIGHLIGHTS
  • 6. www.richmont-mines.com 6 Annual production exceeds guidance; AISC in-line with guidance Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed Beaufor mine life increased to more than 2 years(1) Released Preliminary Economic Assessment for Island Gold (Oct 28/15) OPERATIONAL HIGHLIGHTS 2015 2015 Guidance 2016 Guidance Gold produced (oz) 98,031 87,000-95,000 87,000-97000 Cash cost per oz. (CAN$)(1) $977 $935-$1,035 $930-$1,000 AISC (CAN$)(1) $1,373 $1,335-$1,490 $1,275-$1,390 Cash cost per oz. (US$)(1) $764 $750-$825 $680-$730(2) AISC (US$)(1) $1,074 $1,075-$1,190 $935-$1,015(2) 1. Refer to the Non-GAAP performance measures contained in the Annual MD&A. 2. For 2016 material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar. Proven and Probable Mineral Reserves(1)(2) Island Gold Mine and Beaufor Mine December 31, 2015 Gold ounces Grams per tonne Island Gold Proven & Probable above ~400m 76,700 6.91 below ~400m 485,000 8.52 Island Gold Proven & Probable 561,700 8.26 Beaufor Proven & Probable 63,850 6.57 Total Proven & Probable 625,550 8.05 (1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this presentation (2) No changes to Mineral Reserves were made at the Corporation’s other properties. (1) Mine life based on 2015 Mineral Reserves and Resources 2015 Operational Highlights
  • 7. www.richmont-mines.com 7RIC: TSX NYSE-MKT HIGH-GRADE UNDERGROUND MINE IN CANADA Expansion opportunity to grow production Growing production and declining cost structure Reserves increase by 206%; 7-year mine life(1) Exploration potential laterally and at depth (1) Refer to full 2015 Reserve and Resource information at the end of this presentation 2015 2016 Guidance PEA 2017-2022 Avg. Gold Production (oz)(1) 55,040 62,000-67,000 78,000 Cash costs/oz (C$)(1)(2) $1,034 $900-$960 $552 AISC (C$)(1)(2) $1,460 $1,170-$1,250 $639 Cash costs/oz (US$)(1)(2) $808 $660-$705 $414 AISC (US$) (1)(2) $1,141 $855-$920 $479 (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A. (2) 2016 Guidance assumes an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar. 63% INCREASE IN PRODUCTION SINCE 2013 Capital and Exploration 2015 2016 Guidance 2016 PEA Sustaining Capital ($M) 22.3 17.3 ~$20.0(2) Project Capital ($M) PEA 28.9 37.4 36.8 Project Capital ($M) non-PEA 2.0 6.0(1) - Exploration ($M) 4.6 7.3 - (1) Includes 1,000m of development and related infrastructure outside of the PEA area (2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M 2015 Reserves and Resources Tonnes Gold Ounces Grade g/t Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26 M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40 Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49 (1) Mine life based on 2015 Mineral Reserves and Resources
  • 8. www.richmont-mines.com 8RIC: TSX NYSE-MKT Underground Mine Productivity ISLAND GOLD MINE: POSITIONING FOR GROWTH 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 0 100 200 300 400 500 600 700 800 900 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 2016E PEA Base Case Gramspertonne Tonnesperday Underground tpd Head grade (g/t) Island Gold 2014 2015 2016E Underground tpd 657 659 800 Mill tpd 656 663 800 Head grade (g/t) 7.62 7.31 7-7.5 Recoveries (%) 96.00 96.80 96.50 (1) Fourth quarter production and mine and mill productivity includes a 3-week scheduled underground mine shutdown in October Tonnes mined from development ore: • 2015: 50% / 2016E: 40% • PEA: 5% (2017-2022) First 2 mining horizons developed 3 years of mine life pre-developed 63% increase in production since 2013 Tailings expansion complete (2.3MT)
  • 9. www.richmont-mines.com 9RIC: TSX NYSE-MKT ISLAND GOLD: 2016 DEVELOPMENT AND MINE PLAN First mining horizon (100% longhole) Second mining horizon (100% longhole) Third mining horizon (100% longhole) Potential fourth mining horizon (100% longhole)
  • 10. www.richmont-mines.com 10RIC: TSX NYSE-MKT • Conceptual expansion case released in H2 2016; Potential Expansion Case to 1,150 tpd decision in H1 2017 ISLAND GOLD: PEA OVERVIEW • Potential for increased production and lower AISC 0 200 400 600 800 1000 1200 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Dec 15 Permitted Capacity Increased Capacity of 900tpd Base Case 800tpd • Phased approach: Phase 1 (800 tpd) • Mining from a depth of 450 to 860 metres over three long-hole mining horizons • Excludes resources above the 450 metre level, isolated resource blocks and parallel zones • Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at $552/oz cash costs PEA Summary 2017-2022 Tonnes Milled (Mt) 1.7 Head Grade (g/t) 8.67 Mine life excl. transition period (years) 6 Daily mine production (tpd) 801 Gold recovery (%) 96.5 Production (Koz) 464.6 Average annual gold production (Koz) 78 Total operating cost ($M) 256 Average cash operating cost ($/t) 148 Average cash operating cost ($/oz) 552 Transition Period Project Capital 2015-2016 ($M) 62 Sustaining Capital ($M) (2017-2022) 40.5 Mill Expansion Opportunity Expanded Case: 1,150tpd
  • 11. www.richmont-mines.com 11RIC: TSX NYSE-MKT 86,500m Drilling program launched in Q4 2015; 50,050m completed to date ISLAND GOLD: EXPLORATION PROGRAM U p p e r M i n e L o w e r M i n e
  • 12. www.richmont-mines.com 12RIC: TSX NYSE-MKT ISLAND GOLD: PLANNED REGIONAL EXPLORATION DRILLING
  • 13. www.richmont-mines.com 13RIC: TSX NYSE-MKT BEAUFOR MINE: OVERVIEW (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A. (2) Material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar. (3) Refer to full 2015 Reserve and Resource information at the end of this presentation 2015 2016 Guidance Gold Production (oz)(1) 26,411 25,000-30,000 Gold Sold (oz) 26,875 - Cash costs/oz (C$)(1)(2) $995 $1,000-$1,060 AISC (C$)(1)(2) $1,216 $1,230-$1,330 Cash costs/oz (US$)(1)(2) $778 $735-$780 AISC (US$) (1)(2) $951 $905-$975 Capital and Exploration 2015 2016 Guidance Sustaining Capital ($M) $5.9 $6.8 2015 Reserves and Resources Gold Ounces Grade g/t Reserves (oz)(3)/Grade (g/t) 63,850 6.57 M&I (oz)(3) /Grade (g/t) 171,900 6.34 Inferred (oz)(3)/Grade (g/t) 28,000 6.44 Reserves increased by 95%; mine life increased by 2 years (based on reserves) Development of the Q Zone; Target of reaching the mineralized structure by early 2016 Generating free cash flow Camflo Mill: capacity of 1,200 tpd provides toll milling opportunities
  • 14. www.richmont-mines.com 14 MINERAL RESERVES INCREASE BY 187% Gold oz. 63,850 Gold oz. 561,700 0 100 200 300 400 500 600 700 2012 2013 2014 2015 MineralReserves(000’sounces) Monique Beaufor Island Gold Mineral Reserves Growth Proven and Probable Mineral Reserves(1)(2) Island Gold Mine and Beaufor Mine Gold ounces Grams per tonne December 31 2015 2014 Change (%) 2015 2014 Change (%) Island Gold Proven & Probable above ~400m 76,700 90,000 (15%) 6.91 6.04 14% below ~400m 485,000 93,750 417% 8.52 6.76 26% Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29% Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%) Total Proven & Probable 625,550 217,950 187% 8.05 6.43 25% (1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this press release. (2) No changes to Mineral Reserves were made at the Corporation’s other properties. Island Gold Reserves increase by 206% • 29% increase in grade to 8.26 g/t • 80% of PEA resources converted • Mine life of 7 years (based on reserves) Beaufor Reserves increase by 95% • Mine life > 2 years (based on reserves) • Conversion primarily from the Q Zone Significant exploration potential for additional reserve growth
  • 15. www.richmont-mines.com 15RIC: TSX NYSE-MKT WELL POSITIONED FOR SUSTAINABLE GROWTH Significant Exploration Potential Strong Balance Sheet Favourable Canadian Dollar Exposure Low Shares Outstanding (58M) Growing Production - Decreasing Cash Costs Growing Cash Flow Streams Quality Asset Base in Canada Growing Production Profile Decreasing Cost Structure Growing Cash Flow Streams - 200 400 600 800 1,000 1,200 50,000 60,000 70,000 80,000 90,000 100,000 110,000 FY-15A FY-16* FY-17 FY-18 Cashcostsperoz.(CAD$) GoldProduction(oz) * 2016 is mid-range of guidance Source: ThomsonOne Consensus Data Production (oz) Cash Costs (CAD$/oz) 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 FY-15 FY-16 FY-17 FY-18 CashFlowpershare(C$) Source: ThomsonOne Consensus Data OCF/PS
  • 17. www.richmont-mines.com 17RIC: TSX NYSE-MKT CHRISTIAN BOURCIER Vice-President, Operations P. ENG President and Chief Executive Officer P. ENG RICHMONT MINES: MANAGEMENT TEAM RENAUD ADAMS DANIEL ADAM Vice-President Exploration GEO PHD NICOLE VEILLEUX Vice-President Finance CPA, CA JEAN BASTIEN Island Gold Mine General Manager P. ENG, MBA MARC-ANDRÉ LAVERGNE Beaufor Mine and Camflo Mill General Manager P. ENG MAXIME GRONDIN Director, Human Resources CIRC MÉLISSA TARDIF ANNE DAY Vice-President, Investor Relations MBA STEVE BURLETON Vice-President, Business Development CFA, MBA Director, Business Performance Management and Infrastructure BSC ISE MIGUEL MENDOZA Lawyer and Corporate Secretary LLB
  • 18. www.richmont-mines.com 18RIC: TSX NYSE-MKT RICHMONT MINES: BOARD OF DIRECTORS GREG CHAMANDY Director RENÉ MARION Chairman of the Board P. ENG MICHAEL PESNER Director and Chairman of the Audit Committee CA RENAUD ADAMS Director, President and Chief Executive Officer P. ENG PETER BARNES Director CA ELAINE ELLINGHAM Director P. Geo., MBA
  • 19. www.richmont-mines.com 19 2016 OPERATIONAL ESTIMATES 2016 Production and Cost Guidance 2016 Capital Investment Guidance Operational Estimates Island Gold Beaufor 2016 Consolidated Estimates Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000 Cash Costs per Ounce (CAD$)(1) $900-$960 $1,000-$1,060 $930-$1,000 Sustaining Capital per Ounce (CAD$) $260-$290 $230-$270 $250-$280 Corporate G&A per Ounce (CAD$) $95-$110 All-in Sustaining Costs per Ounce (CAD$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390 Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730 Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205 Corporate G&A per Ounce (US$) $70-$80 All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015 (1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A. Material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar. Capital and Exploration Investment ($M) Island Gold Quebec Division 2016 Consolidated Estimates Sustaining Capital (CAD$) $17.3 $6.8 $24.1 Project Capital (CAD$)(3) $43.4 $ - $43.4 Company-wide Exploration (CAD$) $7.3(1) $1.1(2) $8.4 Sustaining Capital (US$) $12.7 $5.0 $17.7 Project Capital (US$)(3) $31.8 $ - $31.8 Company-wide Exploration (US$) $5.4 $0.8 $6.2 (1) Exploration costs required to complete the drilling programs announced in September 2015. (2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property. (3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary development outside the scope of the PEA.
  • 20. www.richmont-mines.com 20RIC: TSX NYSE-MKT Sustaining Capital Investment ($M) CAD$ US$ Exploration Expense 4.6 3.6 Total Exploration 4.6 3.6 2015 Island Gold Exploration Expense ISLAND GOLD: Capital & Exploration Expenditures Sustaining Capital Investment ($M) CAD$ US$ Capital Projects / Fixed Assets 10.3 8.1 Sustaining Mine Development 9.1 7.1 Delineation Drilling 2.9 2.3 Sustaining Capital Investment 22.3 17.5 • Additional sustaining costs for the year included electrical and infrastructure upgrades of $1.7 million (US$ 1.3 Million) and the development of additional resources located in the Goudreau Zone, which was not considered in 2015 guidance estimates. • Additional project capital investments for 2015 included the expansion of the tailings dam capacity for $6.8 million (US$ 5.3 million), electrical upgrades of $3.4 million (US$ 2.7 million) as well as other site infrastructure upgrades. 2015 Island Gold Capital Investment Project Capital ($M)(1) CAD$ US$ Tailings Dam Expansion 8.7 5.3 Main Ramp Extension 7.8 6.1 Eastern Ramp Extension and 620m Exploration Drift 8.5 6.6 Electrical Upgrade 5.9 2.7 Total Project Capital 30.9 20.7
  • 21. www.richmont-mines.com 21RIC: TSX NYSE-MKT Development Ore vs. Unit Costs: $1,232 $1,696 1000 1100 1200 1300 1400 1500 1600 1700 1800 USD Gold CAD Gold ISLAND GOLD: OPTIMIZING UNIT COSTS $49 SG&A (21%) 2015 Unit Cost Allocation $140 MINING (60%) $35 MILLING (15%) $8 ROYALTIES (3%) Strong Leverage to Canadian Dollar 95% of Cash Outflows in CAD$ 3-years mine life pre-developed: Provides significant flexibility
  • 22. www.richmont-mines.com 22RIC: TSX NYSE-MKT 49,196 oz MINERAL RESERVES AND RESOURCES Richmont Mines 2015 Mineral Reserve and Resource Estimates December 31, 2015 December 31, 2014 Tonnes Grade Ounces Tonnes Grade Ounces (metric) (g/t Au) (metric) (g/t Au) ISLAND GOLD MINE Proven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700 Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300 Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000 Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150 Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600 Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750 Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750 Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400 Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450 Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200 Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050 Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800 Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950 Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750 BEAUFOR MINE4 Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100 Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650 Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750 Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000 Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850 Total Measured & Indicated Resources 843,000 6.34 171,900 917,000 6.44 189,850 Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600 MONIQUE MINE5 Proven Reserves2 Probable Reserves2 14,500 3.16 1,450 Total Proven & Probable Reserves2 14,500 3.16 1,450 Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850 WASAMAC GOLD PROPERTY6 Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550 Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700 Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250 Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400 FRANCOEUR GOLD PROPERTY6, 7 Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600 Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000 Total Measured & Indicated Resources 320,000 6.47 66,600 320,000 6.47 66,600 Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150 TOTAL RESERVES AND RESOURCES Proven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950 Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600 Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900 1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 2. In 2015, based on a gold price of CAD$1,300 per ounce and an exchange rate of CAD$1.2037 = US$1.00. (In 2014: gold price of CAD$1,300 per ounce and CAD$1.0833 = US$1.00). 3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres. 4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at December 31, 2015 and 2014. 5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit. 6. Underground Mineral Resources established as of December 31, 2012. 7. Francoeur Mine closed in November 2012.
  • 23. www.richmont-mines.com 23 TOP SHAREHOLDERS Firm Name % O/S Shares Held City Oxbridge Group, Inc.(1) 6.93 4,020,854 Montreal Renaissance Technologies LLC 5.95 3,484,500 New York ZPR Investment Management Inc. 4.70 2,752,610 Orange City Caisse de Depot et Placement du Quebec 4.66 2,730,000 Montreal OppenheimerFunds, Inc. 3.93 2,300,000 New York 1832 Asset Management L.P. 3.72 2,175,000 Toronto Connor, Clark & Lunn Investment Management Ltd. 3.10 1,812,714 Vancouver RBC Global Asset Management Inc. 2.92 1,711,273 Toronto Sentry Investments Inc. 2.76 1,615,900 Toronto Mackenzie Financial Corporation 2.73 1,600,800 Toronto Ruffer LLP 2.22 1,300,000 London U.S. Global Investors, Inc. 1.88 1,100,000 San Antonio Fiera Capital Corporation 1.70 995,789 Montreal Fonds de Solidarité FTQ 1.68 985,600 Montreal Eterna Investment Management Inc. 1.52 888,600 Quebec City Picton Mahoney Asset Management 1.45 850,000 Toronto Dimensional Fund Advisors, L.P. 1.41 825,000 Austin Norrep Capital Management Ltd. 1.12 655,400 Calgary Manulife Asset Management Limited 1.11 650,000 Toronto Acadian Asset Management LLC 1.00 584,648 Boston Formula Growth Ltd. 0.94 550,000 Montreal AGF Investments Inc. 0.93 546,600 Toronto BlackRock Asset Management Canada Limited 0.93 545,000 Toronto James Investment Research Inc. 0.86 505,415 Xenia Gabelli Funds, LLC 0.77 450,000 Rye (1) Shares held by H. Greg Chamandy, Director– Richmont Mines
  • 24. www.richmont-mines.com 24 ISLAND GOLD MINE Near-Mine Lateral Exploration
  • 25. www.richmont-mines.com 25 ISLAND GOLD MINE Deep Directional Drilling (Phase 1)
  • 26. www.richmont-mines.com 26 ISLAND GOLD MINE Eastern Lateral Exploration
  • 27. www.richmont-mines.com 27 ISLAND GOLD MINES Western Lateral Exploration
  • 28. www.richmont-mines.com 28RIC: TSX NYSE-MKT BEAUFOR MINE: OPERATIONAL HIGHLIGHTS (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A. Safe operation, 2 years without lost-time injury Cash costs & AISC in-line with guidance Reserves increased by 95%; mine life increased by 2 years (reserves) Development of Q Zone; target to reach mineralization Q1 2016 Beaufor Mine Quarter ended Dec. 31/15 Quarter ended Dec. 31/14 Twelve-months ended Dec. 31/15 Twelve-months ended Dec.31/14 Gold produced (oz) 5,652 6,633 26,411 24,959 Gold sold (oz) 5,237 5,840 26,875 24,006 Cash cost per ounce (CAN$)(1) 1,084 935 995 946 AISC (CAN$)(1) 1,515 988 1,216 1,024 Realized gold price (CAN$) 1,467 1,367 1,474 1,399 Cash cost per ounce (US$)(1) 812 823 778 856 AISC (US$)(1) 1,135 870 951 927 Realized gold price (US$) 1,099 1,204 1,153 1,267 Underground tpd 306 327 343 323 Mill tonnes 28,345 30,247 125,447 115,573 Head grade (g/t) 6.30 6.96 6.64 6.86 Recoveries (%) 98.4 98.1 98.6 97.9 Sustaining Costs ($000’s) 2,259 313 5,942 1,880 Project and non-sustaining capital ($000’s) 132 607 340 1,733
  • 29. www.richmont-mines.com 29RIC: TSX NYSE-MKT MONIQUE MINE: OPERATIONAL HIGHLIGHTS (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A. Monique Mine Quarter ended Dec. 31/15 Quarter ended Dec. 31/14 Twelve-months ended Dec. 31/15 Twelve-months ended Dec. 31/14 Gold produced (oz) 2,525 7,324 16,580 23,675 Gold sold (oz) 2,835 6,774 17,657 23,490 Cash cost per ounce (CAN$)(1) 977 586 782 910 AISC (CAN$)(1) 982 647 798 958 Realized gold price (CAN$) 1,478 1,366 1,486 1,387 Cash cost per ounce (US$)(1) 731 516 612 824 AISC (US$)(1) 735 570 625 867 Realized gold price (US$) 1,107 1,203 1,162 1,256 Mill tonnes 45,922 85,447 224,673 283,009 Head grade (g/t) 1.77 2.80 2.37 2.71 Recoveries (%) 96.4 95.3 96.7 96.0 Mining of the pit completed January 2015 Cash Costs & AISC in-line with guidance Strong Free Cash Generation Stockpile processed in 2015; grade of 2.37 g/t Au Reclamation on-going
  • 30. www.richmont-mines.com 30RIC: TSX NYSE-MKT WASAMAC: ADVANCED DEVELOPMENT PROJECT Resources Tonnes Grade (g/t Au) Gold Ounces Measured Resources 3,124,500 2.75 276,550 Indicated Resources 12,127,000 2.89 1,125,700 Inferred Resources 18,759,000 2.66 1,605,400 (1) Refer to full 2014 Reserve and Resource information at the end of this presentation 15km west of Rouyn-Noranda, Quebec 100% owned, no royalties Close proximity to existing infrastructure Located in the Abitibi gold mining district Significant exploration potential NI 43-101 PEA released in March 2012
  • 31. www.richmont-mines.com 31RIC: TSX NYSE-MKT RICHMONT MINES ASSETS VALD’OR AREA – EXPLORATION PROPERTIES
  • 32. www.richmont-mines.com 32RIC: TSX NYSE-MKT RICHMONT MINES ASSETS ROUYN-NORANDAAREA / EXPLORATION PROPERTIES
  • 33. www.richmont-mines.com 33RIC: TSX NYSE-MKT RICHMONT MINES ASSETS TIMMINS AREA / EXPLORATION PROPERTIES
  • 34. www.richmont-mines.com 34RIC: TSX NYSE-MKT OUR VISION and STRATEGY Our vision is to become a leading intermediate gold producer focused on the Americas generating superior per share valuation. We are committed to a Sustainable Business Model and a strategy of long-term growth, and will fully utilize the Corporation’s strong balance sheet, assets, cash flow, capital structure and the extensive experience of the Corporations’ Board of Directors and Management Team to build the next leading Canadian based intermediate gold company. Our strategy, in the short term, will focus on becoming a leading junior gold producer by maintaining at all times a superior per share position on operational & financial metrics while maintaining a sustainable and risk adverse approach under a ‘Sustainable Business Model’. We are guided by our core corporate values to achieve long term value for all of our stakeholders. By cultivating a culture of responsible performance, we are focused on operating in a sustainable manner while holding ourselves accountable to all of our stakeholders.
  • 35. www.richmont-mines.com 35RIC: TSX NYSE-MKT OUR VALUES At the heart of this is a commitment to responsibility, integrity and accountability and the Corporation’s four corporate values of Family, Health & Safety, Growth and Team Work. Health and Safety “Zero tolerance…” Family “At the heart of what unites us…” Richmont Mines is a family. Our management team is easily accessible and actively listens to our employees and their families. Richmont has put a number of plans and activities in place, including programs that support work-family balance, scholarships, and student hiring. Health and safety is a cardinal value of the corporation. Richmont Mines makes every effort to safeguard the health and safety of all of its employees. We implement efficient health and wellness programs and support our objectives with recognition programs. The only truly acceptable result is zero accidents. Team Work “Working together...” Richmont Mines strives to create a unified team by encouraging the involvement and the participation of our employees and stakeholders. We want our employees to enjoy working together. Every position is important. Working together and promoting cooperation promotes continued success and the achievement of greater objectives. With an objective of becoming a leading junior gold producer in the short-term and an important intermediate gold producer, Richmont’s growth is supported by the development of our workforce, the health and safety of our employees, and cultivating good relations with the community, while having a transparent approach, driven by integrity and ethics. Growth “We are building the future…”
  • 36. www.richmont-mines.com 36RIC: TSX NYSE-MKT SUSTAINABLE BUSINESS MODEL We believe in developing Richmont based on the principles of sustainability, in order to deliver sustainable and superior value for all stakeholders with low risk exposure to precious metals. Sustainable Human Resources Sustainable Community Development Sustainable Process Improvement Sustainable Growth Principles Making work life sustainable through employee health & safety and wellness programs, improved supervisory & operational planning/implementation practices and skills through training programs. Develop potential leadership abilities through leadership program. Promote Life in Balance; family, work and personal development. Reducing inefficiency and waste through quality & performance management by implementation of “Lean” methods and balanced score card approach. Advanced knowledge and experience with energy efficiency, sustainable waste systems & construction/ building practices. Leadership and consulting skills for promoting comprehensive change toward sustainability in communities and developing world-class relationships with Aboriginal communities. Developing sustainable exploration, development, operational and financial practices in order to deliver superior per share value, mitigation/management of risk exposure and discipline approach toward preserving best- in-class balance sheet and capital structure.