3. www.richmont-mines.com 3RIC: TSX NYSE-MKT
In case of emergency, stay calm, follow instructions from your tour guide and regroup
in the gathering area beside the parking lot. Each area is equipped with a fire
extinguisher
When your outside of the building, PPE should be worn at all times
1. Hard hat
2. Safety glasses
3. Reflecting vest
4. Safety boots
Stay with your guide at all times. If for any reason you lose contact STAY WHERE
YOU ARE and your tour guide will find you.
In case of emergency, stay calm and follow your tour guide’s instructions.
No horseplay is tolerated at any time.
Island Gold Mine
Safety Induction – Main Building & Surface
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Island Gold Mine
Safety Induction - Underground
Underground and surface safety requirements:
1. Tag in prior to going underground
2. Do not exit from vehicles in motion
3. Use 3 points of contact rule when entering/exiting a vehicle
4. Stay with the group at all times
5. Follow the instructions of your guide in an emergency situation
6. Watch for uneven ground and report any unsafe conditions
7. Tag out when leaving underground
Medical clinic and help available at all times.
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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.)
7. www.richmont-mines.com 7RIC: TSX NYSE-MKT
CAPITAL STRUCTURE
Capital Structure(1)
Issued & Outstanding Shares 58.7M
Options 2.9M
Fully Diluted 62.8M
Cash(1) C$61.2
Total Debt(2) C$9.0M
Ticker RIC:TSX–NYSE
Market Capital (May 10/16) C$591M
(1) As of March 31, 2016
(2) As of March 31, 2016. Long-term debt is primarily comprised of capital lease obligations
C$61.2M
CASH
C$9.0M
DEBTAnalyst Coverage
CIBC Jeff Killeen
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
PI Financial Brian Szeto
TD Securities Daniel Earle
Paradigm Capital Don Blyth
Cormark Securities Kyle MacPhee
Mackie Research Ryan Hanley
Canaccord Genuity Rahul Paul
BMO Capital Markets Brian Quast
Haywood Securities Kerry Smith
Scotia Capital Craig Johnston
Desjardins Capital Mike Parkin
RIC
(as of May 10, 2016)
TSX
C$
NYSE MKT
US$
Closing price $10.07 $7.77
52-week range $3.14-$10.16 $2.27-$7.99
Market Cap (M’s) $591M $462M
30-day daily trading avg. 360,511 444,466
Strong cash position supports fully
funded strategic growth plan
8. www.richmont-mines.com 8RIC: TSX NYSE-MKT
(1) Refer to the Non-IFRS performance measures contained in the Q1 2016 MD&A.
Q1 2016 OPERATIONAL HIGHLIGHTS
All amounts are in Canadian Dollars unless otherwise indicated
Consolidated Results
Q1
2016
2016
Guidance
Gold produced (oz) 32,369 87,000 - 97,000
Gold sold (oz) 32,239 -
Cash cost per ounce (CAN$)(1) 806 930 - 1,000
AISC per ounce (CAN$)(1) 1,100 1,275 - 1,390
Cash cost per ounce (US$)(1) 587 680 - 730
AISC per ounce (US$)(1) 801 935 – 1,015
Solid quarterly performance underpinned by a record quarter from Island Gold
Company-wide production growth of 25%
Company-wide cash cost decrease of 18%; AISC decrease of 12%
On track for high end of production guidance; Low end of cash costs and AISC
Potential revisions to 2016 guidance with second quarter disclosure
9. www.richmont-mines.com 9RIC: TSX NYSE-MKT
ISLAND GOLD: A RECORD Q1 2016
Island Gold Mine
Q1 2016
2016
Guidance
Gold produced (oz) 26,589 62,000 – 67,000
Gold sold (oz) 26,031 -
Cash cost per ounce (CAN$)(1) 674 900 - 960
AISC per ounce (CAN$)(1) 855 1,160 - 1,250
Cash cost per ounce (US$)(1) 491 660 - 705
AISC per ounce(US$)(1) 623 850 - 920
(1) Refer to the Non-IFRS performance measures contained in the First Quarter 2016 Management’s Discussion and Analysis
All amounts are in Canadian Dollars unless otherwise indicated
Record production; a 147% increase over Q1 2015
Improved underground and mill productivities and higher grades
Positive grade reconciliation of 44%: (47% development / 39% stope)
Development ore ratio of 55% (vs. 40%) in higher-grade second mining horizon
Cash costs and AISC decrease by 52% and 54%; well below guidance levels
Exploration program continues to identify potential both laterally and at depth
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ISLAND GOLD: OPERATING KPIs
Island Gold Mine Q1 2016 2016E
Underground tpd 853 800
Mill tonnes 75,906 292,000
Mill tpd 834 800
Head grade (g/t gold) 11.31 7.0 – 7.5
Recoveries (%) 96.3 96.5
Sustaining Costs ($000’s) 4,713 17,300
Project Costs ($000’s) 6,987 43,400
Non-sustaining exploration Costs ($000’s) 3,770 7,300
Underground Mine Productivity
0.0
2.0
4.0
6.0
8.0
10.0
12.0
0
100
200
300
400
500
600
700
800
900
1000
Q414
Q115
Q215
Q315
Q415(1)
2016E
PEA
(800tpd)
Q116
Upside
(900tpd)
Gramspertonne
Tonnesperday
Underground tpd Head grade (g/t)
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2014 2015 2016E(1) PEA Base
Case
(800tpd)(2)
Upside
Potential
(900tpd)(3)
Island Gold Production Upside
All amounts are in Canadian Dollars unless otherwise indicated
(1) Mid-range of 2016 guidance (2) Avg. annual production 2017-2022 (3) Permitted potential (1) Q4 2015 production and mine and mill productivity: Includes a 3-week scheduled underground mine
shutdown and a 2-week scheduled mill shutdown
14. www.richmont-mines.com 14RIC: TSX NYSE-MKT
Island Gold Mine
Adjacent Past Producers
Mill
CLINE, 63,000 oz Au
0,3 MT @ 6.5 g/t Au
Cline Lake Porphyry
1 km
EDWARDS, 144,000 oz Au
0,5 MT @ 11.0 g/t Au
Porphyry Dykes, Splays MV
KREMZAR, 47,000 oz Au
0.6 MT @ 4.8 g/t Au
Gabbro Sill north contact
MAGINO, 114,000 oz Au
0.8 MT @ 4.4 g/t Au
Webb Lake Stock
ISLAND GOLD MINE
Felsic Volcanic complex
Richmont property outline
Maskinonge
lake
Ramp
MAGINO OPEN PIT (Resources)
158 MT @ 1.03 g/t Au
5.2 million oz Au
Goudreau Zone
Lochalsh Zone
16. www.richmont-mines.com 16
Island Gold Mine
Schematic Cross Section
Overburden
535 Level
620 Level
Island Main
mineralized zones
Island Lower
mineralized zones
ramp and
drifts
Crown pillar
-500m
-750m
-250m
•Deposit discovered between 1985-87 by Canamax
Resources
•1989-90 : ramp access with 2 levels developed
•2003: option agreement between Richmont and
Patricia Mining
•2007: beginning of commercial production
•2008 : Richmont acquired Patricia Mining
•2010 : beginning of deep exploration drilling (-400 to
– 1,000 m)
•2014 : 320 000 oz of gold extracted from above the
400 level and more than a million ounce resource
found below
•2015 : more than 560,000 oz in Proven and Probable
Reserves, beginning of a deep directional exploration
program (-1,000 to -1,500 m)
Inflection Zone
50m
100m
23. www.richmont-mines.com 23RIC: TSX NYSE-MKT
ISLAND GOLD MINE
Composite Longitudinal Section, Lower Zones
Approx. 10 cm
400-514-18
30.0 g/t Au / 9.55 m
400-528-10
4.79 / 2.87
400-528-09
7.44 / 8.49
400-528-10
4.44 / 6.07
GD-14-02
2.43/1.5
GD-14-01C
19.87 g/t Au / 3.93 m
24. www.richmont-mines.com 24RIC: TSX NYSE-MKT
ISLAND GOLD MINE
1200 meters depth
Still open at depth... GD14-01C : 19.9 g/t over a true width of 3.9 m
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ISLAND GOLD MINE
C Zone
Metallurgical Tests on Island Gold Samples PU-2012-11-754
Diameter of some large free gold particles
The figure above shows some measures of the largest free gold particles detected.
The coarsest gold particle was measured at 693 µm. But in general, the major part of the
free gold is in the finer size (<25 µm)
29. www.richmont-mines.com 29RIC: TSX NYSE-MKT
Island Gold Mine
Mineral Reserve and Resource Estimates as of December 31, 2015
W EGOUDREAULOCHALSH ISLAND EXT1 EXT2
Crown pillar
Surface
- 500 m
340 m Level
190 m Level
100 m
- 1,000 m
Proven Reserves
Probable Reserves
Indicated Resources
Indicated Resources B, D Zones
Inferred Resources
Inferred Resources
B, D, D1, E1E, G, G1 Zones
Ramps and Actual Development
Mined Out
Legend
ISLAND GOLD MINE (31/12/2015)
TOTAL RESERVES AND RESOURCES
Proven & Probable Reserves : 2,115,500 T @ 8.26 g/t Au
561,700 oz Au
Measured & Indicated Resources: 348,500 T @ 6.40 g/t Au
71,700 oz Au
Inferred Resources: 2,815,000 T @ 8.49 g/t Au
768,050 oz Au
ISLAND GOLD MINE (31/12/2015)
TOTAL RESERVES AND RESOURCES
620 m Level
Exploration drift
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Q1 RECORD PRODUCTION:
POSITIVE RECONCILIATION TO RESERVES
(1) Reconciliation Mined to Reserves as of March 31st, 2016
Record production in Q1; Higher than planned grades mined
Development ore ratio strategically increased to 55% (vs. 40% planned) in Q1
Development primarily in the higher-grade second mining horizon
YTD positive grade reconciliation of 44%: (47% development / 39% stope)
30% dilution assumption for development reserves; lower dilution
from deeper, wider zones
Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces Tonnes Grade Ounces
Total Development Q1 44,323 8.28 11,795 42,601 12.19 16,701 96% 147% 142%
Total Stope Q1 34,877 7.13 7,991 34,995 9.92 11,166 100% 139% 140%
Total U/G Q1 79,199 7.77 19,785 77,596 11.17 27,867 98% 144% 141%
Year-to-Date Reserve Reconciliation (1)
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ISLAND GOLD MINE:
Mining Methods
• Mining is done using long-hole stoping
• 100% long-hole stoping anticipated for below 400 metres
Slot Raise 1.8mx1.8m
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ISLAND GOLD MINE:
Mining Methods
• Pull void is used to create void for the next blast
• Cables are used in the walls between rings for ground support
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UNIT COST COMPARISON
Q1 2016 vs. PEA 2015
2015 PEA Cost/Tonne (C$149/t)
(Total 2015 cost/tonne = C$232)
$32
SG&A
$72
MINING
$32
MILLING
$13
ROYALTIES
2016 Q1 Cash Cost/Tonne (C$215/t)
$22
G&A
$146
MINING
$32
MILLING
$15
ROYALTIES
Higher unit mining costs; strategic decision to increase higher cost ore development ratio
Unit mining costs to decline to PEA levels in 2017-2022; return to lower ore development ratio
Q1 2016 milling and royalty unit costs in-line with PEA; SG&A lower than PEA estimates
37. www.richmont-mines.com 37RIC: TSX NYSE-MKT
MINING UNIT COST OPPORTUNITY
Near-term opportunity: lower the mining cost by returning
to historical development ratio.
UnitMining
Cost
20.0% 30.0% 40.0% 50.0%
% of Development Ore of Total Ore Mined
0
50
150
Q2 2015
100
250
Long-term planned ratio
Q1 2015
200
0.0% 10.0% 60.0% 70.0% 80.0%
Historical Data
PEA – 2017/2022
2015
Q4 2015
Q3 2015
2016
Q1 2016
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OTHER IMPROVEMENT INITIATIVES:
Implementation of Performance Management System – Dash Board
Workshops – Mixed Team Sessions (Operations & Supervision)
Operating Costs – Operational Strategy on Main Cost Drivers
Capital Expenditures Control – Allocation & Follow-up
Procurement Strategy on Main Cost Drivers
Dilution Control – Long-hole Stoping
Life of Mine – Optimization of Mine Plans (Expansion Scenario)
Site Admin Costs – Optimization
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• Conceptual expansion case released in H2 2016; Potential Expansion Case
to 1,150 tpd decision in H1 2017
ISLAND GOLD: 2015 PEA OVERVIEW
• Potential for increased production and lower AISC
0
200
400
600
800
1000
1200
2015 Q1 2016 PEA Base
Case
Permitted
Capacity
PEA
Expanded
Case
Tonnesperday
• 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
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ISLAND GOLD MINE 2015 PEA
Materials Handling Options
1,150 tpd plan
Option 8b- New Ramp with 1.5m wide suspended conveyor
46. www.richmont-mines.com 46RIC: TSX NYSE-MKT
• Necessary Modifications
• Rearrange the crusher circuit including an additional cone crusher
• Replace the crusher circuit screen
• Increase the fine ore bin storage capacity
• Replace the thickener feed well and feed dilution system
• Replace slurry pumps
• Recommended Modifications
• Replace the regrind mill with a 10’ diameter mill
• Add a gravity circuit including a centrifugal bowl concentrator,
a magnetic separator and a shaking table
• Add circular screens in CIP tanks
• TOTAL PRELIMINARY COST: C$15.0M
ISLAND GOLD MINE 2015 PEA
Expansion Projects: 1,200 tpd Processing Facilities
49. www.richmont-mines.com 49RIC: TSX NYSE-MKT
Mining
• Expanded resources area used – down to level 1000 and east-west of 2015 PEA area
• New mining capacity analysis – using four mining horizons
• New Life Of Mine (LOM) and operating costs
• Project & sustaining capital estimates
• New mining infrastructure required at expanded capacity
• New ramp design to accommodate haulage down to 1,000m level
• Permitting and timeline
Milling
• Increased capacity design - allowing for future growth at a minimum cost
• Gravity circuit vs extra leaching capacity
• Costs breakdown +/- 25%
• Permitting and timeline
• TOTAL PRELIMINARY COST: C$15.0M
ISLAND GOLD EXPANSION UPDATE H2 2016
OBJECTIVES – 2016 PEA
56. www.richmont-mines.com 56
DEEP DRILLING RESULTS COMPARISON
First 508K oz Deep Resource Block
(Feb 25 2013) (capping at 75 g/t)
Average of 53 holes: 11.44 g/t over 4.55 m
Metal Factor
• 13 of 53 holes: 25% below 16 g/t; or
• 15 of 55 holes: 27% below 16 g/t
Grade
• 9 of 53 holes: 17% below 4 g/t; or
• 11 of 55 holes: 20% below 4 g/t
Thickness
• 26 of 53 holes: 49% less than 4 m; or
• 28 of 55 holes: 51% less than 4 m
New Deep Potential Block
(May 5 2016) (capping 95 g/t)
Average of 15 holes: 10.78 g/t over 4.60 m
Metal Factor
• 3 of 15 holes: 20% below 16 g/t
Grade
• 1 of 15 holes: 7% below 4 g/t
Thickness
• 8 of 15 holes: 53% less than 4 m
DEEP C ZONE
INFERRED MINERALS RESOURCES
1.5 MT at 10.73 g/t Au, 508,000 ounces
AREA OF POTENTIAL
RESOURCES
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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 C$1,300 per ounce and an exchange rate of C$1.2037 = US$1.00.
(In 2014: gold price of C$1,300 per ounce and C$1.0833 = US$1.00).
3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.
4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at
December 31, 2015 and 2014.
5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit.
6. Underground Mineral Resources established as of December 31, 2012.
7. Francoeur Mine closed in November 2012.
61. www.richmont-mines.com 61
2016 OPERATIONAL ESTIMATES
2016 Production and Cost Guidance
2016 Capital Investment Guidance
Operational Estimates Island Gold Beaufor
2016 Consolidated
Estimates
Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000
Cash Costs per Ounce (C$)(1) $900-$960 $1,000-$1,060 $930-$1,000
Sustaining Capital per Ounce (C$) $260-$290 $230-$270 $250-$280
Corporate G&A per Ounce (C$) $95-$110
All-in Sustaining Costs per Ounce (C$)(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 C$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 (C$) $17.3 $6.8 $24.1
Project Capital (C$)(3) $43.4 $ - $43.4
Company-wide Exploration (C$) $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.
62. www.richmont-mines.com 62RIC: 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
63. www.richmont-mines.com 63RIC: TSX NYSE-MKT
RICHMONT MINES: BOARD OF DIRECTORS
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
64. www.richmont-mines.com 64
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
65. www.richmont-mines.com 65RIC: 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.
66. www.richmont-mines.com 66RIC: 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…”
67. www.richmont-mines.com 67RIC: 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.
