The document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key highlights include record gold production in Q1 2016 at the Island Gold mine, increasing reserves at Island Gold by 206% and extending its mine life to 7 years, and outlining a $29 million Phase 2 exploration program and organic growth plan to further unlock the potential at Island Gold.
The document discusses Richmont Mines' Island Gold mine. It notes that in Q1 2016 the mine achieved record production and had a positive grade reconciliation of 44%. The mine life at Island Gold has increased to over 7 years based on 2015 reserves. A preliminary economic assessment for Island Gold outlined average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552 per ounce. The assessment also presented an expanded capacity scenario to 1,150 tonnes per day which could further increase production and lower costs.
This document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key points include: Q2 production of 23,320 ounces of gold at cash costs of $903 per ounce; reserves increasing 187% at Island Gold mine and 95% at Beaufor mine; Island Gold mine life extended to 7 years with 3 years of mine life pre-developed; and ongoing exploration programs aimed at further expanding resources and mine life at Island Gold.
Richmont Mines London Marketing PresentationRichmontIR
This document provides an overview of Richmont Mines Inc., including:
- Forward-looking statements about factors that could impact results and risks to US investors regarding resource estimates.
- Key details about Richmont's asset base, production profile, cost structure, exploration potential, and financial position.
- Summaries of its three main operations - Island Gold, Beaufor, and Monique/Camflo - including recent performance, growth plans, and exploration activities.
The document discusses Richmont Mines' Island Gold Mine and its positioning for growth. It summarizes that Q3 production was in line with expectations and there continues to be a positive reconciliation to reserves of 37% year-to-date. It also outlines opportunities to increase production capacity at Island Gold through a preliminary economic assessment exploring expansion scenarios to 1,100 or 1,200 tonnes per day.
Richmont Mines is a Canadian gold producer with quality assets in Canada. In Q1 2016, Island Gold mine achieved record production of 26,589 ounces at a cash cost of $674 per ounce. A preliminary economic assessment for Island Gold outlined an average annual production rate of 78,000 ounces per year from 2017-2022 at a cash cost of $552 per ounce. The assessment indicated potential for expanded production up to 1,150 tonnes per day pending a decision in first half of 2017. Richmont has a strong balance sheet with $61.2 million in cash and $9 million in debt to support its growth plans.
- Richmont Mines has a quality asset base in Canada including its Island Gold and Beaufor mines, with a growing production profile and decreasing cost structure.
- In 2015, mineral reserves increased 187% overall, with a 206% increase at Island Gold and a 95% increase at Beaufor, extending mine lives.
- At Island Gold, a preliminary economic assessment outlined an average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552/oz, with potential for expansion.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000/oz and all-in
1) The document discusses Richmont Mines' positioning for sustainable growth through its quality asset base in Canada including the Island Gold and Beaufor mines.
2) At Island Gold, production is expected to grow from 45,000-50,000 ounces in 2015 to an average of 78,000 ounces per year from 2017-2022 according to a PEA study. Costs are also expected to decrease.
3) Exploration drilling is planned around Island Gold to expand reserves and resources laterally and at depth.
This document provides an overview of Richmont Mines Inc., including its asset base, production profile, cost structure, cash flows, exploration potential, and balance sheet. It summarizes the Island Gold mine, which is Richmont's key asset, outlining its high-grade underground operations and expansion opportunities. Production and cost data for Island Gold in 2015 is presented, showing growing production and declining costs. The positive results of a Preliminary Economic Assessment exploring expanding operations at Island Gold to increase production and lower costs are also summarized.
The document discusses Richmont Mines' Island Gold mine. It notes that in Q1 2016 the mine achieved record production and had a positive grade reconciliation of 44%. The mine life at Island Gold has increased to over 7 years based on 2015 reserves. A preliminary economic assessment for Island Gold outlined average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552 per ounce. The assessment also presented an expanded capacity scenario to 1,150 tonnes per day which could further increase production and lower costs.
This document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key points include: Q2 production of 23,320 ounces of gold at cash costs of $903 per ounce; reserves increasing 187% at Island Gold mine and 95% at Beaufor mine; Island Gold mine life extended to 7 years with 3 years of mine life pre-developed; and ongoing exploration programs aimed at further expanding resources and mine life at Island Gold.
Richmont Mines London Marketing PresentationRichmontIR
This document provides an overview of Richmont Mines Inc., including:
- Forward-looking statements about factors that could impact results and risks to US investors regarding resource estimates.
- Key details about Richmont's asset base, production profile, cost structure, exploration potential, and financial position.
- Summaries of its three main operations - Island Gold, Beaufor, and Monique/Camflo - including recent performance, growth plans, and exploration activities.
The document discusses Richmont Mines' Island Gold Mine and its positioning for growth. It summarizes that Q3 production was in line with expectations and there continues to be a positive reconciliation to reserves of 37% year-to-date. It also outlines opportunities to increase production capacity at Island Gold through a preliminary economic assessment exploring expansion scenarios to 1,100 or 1,200 tonnes per day.
Richmont Mines is a Canadian gold producer with quality assets in Canada. In Q1 2016, Island Gold mine achieved record production of 26,589 ounces at a cash cost of $674 per ounce. A preliminary economic assessment for Island Gold outlined an average annual production rate of 78,000 ounces per year from 2017-2022 at a cash cost of $552 per ounce. The assessment indicated potential for expanded production up to 1,150 tonnes per day pending a decision in first half of 2017. Richmont has a strong balance sheet with $61.2 million in cash and $9 million in debt to support its growth plans.
- Richmont Mines has a quality asset base in Canada including its Island Gold and Beaufor mines, with a growing production profile and decreasing cost structure.
- In 2015, mineral reserves increased 187% overall, with a 206% increase at Island Gold and a 95% increase at Beaufor, extending mine lives.
- At Island Gold, a preliminary economic assessment outlined an average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552/oz, with potential for expansion.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000/oz and all-in
1) The document discusses Richmont Mines' positioning for sustainable growth through its quality asset base in Canada including the Island Gold and Beaufor mines.
2) At Island Gold, production is expected to grow from 45,000-50,000 ounces in 2015 to an average of 78,000 ounces per year from 2017-2022 according to a PEA study. Costs are also expected to decrease.
3) Exploration drilling is planned around Island Gold to expand reserves and resources laterally and at depth.
This document provides an overview of Richmont Mines Inc., including its asset base, production profile, cost structure, cash flows, exploration potential, and balance sheet. It summarizes the Island Gold mine, which is Richmont's key asset, outlining its high-grade underground operations and expansion opportunities. Production and cost data for Island Gold in 2015 is presented, showing growing production and declining costs. The positive results of a Preliminary Economic Assessment exploring expanding operations at Island Gold to increase production and lower costs are also summarized.
- Richmont Mines is positioned for sustainable growth with a quality asset base in Canada including its Island Gold and Beaufor mines. In 2015, mineral reserves increased 187% to over 625,000 ounces of gold.
- Production is expected to grow while costs decrease. Island Gold mine life has increased to 7 years with exploration potential to expand resources.
- The company has a strong balance sheet with $61 million in cash and low debt to fund its strategic growth plan while benefiting from Canadian dollar exposure.
This document is the annual report from Richmont Mines Inc. for its 2014 annual meeting. It discusses Richmont's operations in Ontario and Quebec, with the Island Gold Mine and Beaufor Mine being the primary operations. In 2014, Richmont saw increases in gold sales, earnings, operating cash flow, and ended the year with a strong balance sheet and cash position. It also oversaw development work to expand mining deeper levels at Island Gold. The report provides production and cost guidance for 2015.
Richmont Mines held a technical session to provide an overview of their assets and operations. Their Island Gold mine in Ontario saw record gold production in Q1 2016 and has an increased reserve estimate extending the mine life to 7 years. Exploration potential exists to further expand resources laterally and at depth. The Beaufor mine reserve also increased by 95%, extending the mine life to over 2 years, with continued development of the Q Zone. Overall reserves across both mines increased 187% in 2015. The presentation provided details on geology, production history and future plans to continue growing as a leading intermediate gold producer in Canada.
Richmont Mines is a Canadian gold mining company that has produced over 1.3 million ounces of gold from its operations in Canada since 1991. The document provides an overview of Richmont Mines, including financial results for Q2 2013 and fiscal year 2012, recent developments in 2013 including the completion of bulk samples and securing financing, and reviews of operations at the Island Gold and Beaufor mines. The Island Gold mine has produced over 225,000 ounces of gold since 2007 and drilling is planned to expand reserves and resources. The Beaufor mine has produced over 500,000 ounces since 1996 and objectives are to lower costs and advance development of the W Zone.
Richmont Mines is positioning itself for sustainable growth through its quality asset base in Canada including its growing production profile from the high-grade Island Gold Mine. The company is on track to meet or exceed revised 2016 guidance and has a strong balance sheet to fund its strategic growth plan. Recent exploration drilling continues to demonstrate potential for resource expansion at Island Gold laterally and at depth.
Richmont Mines provides guidance for 2015, forecasting gold sales of 78,000-88,000 ounces at an all-in sustaining cost of $1,335-$1,490 per ounce. At their Island Gold Mine, located in Ontario, the company forecasts production of 45,000-50,000 ounces at an all-in sustaining cost of $1,350-$1,495 per ounce. Richmont recently discovered a high-grade zone below the Island Gold Mine containing over 1 million ounces of gold resources.
This document provides a summary of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. It notes Richmont has a quality asset base, growing cash flows, a strong balance sheet, and exposure to the favorable Canadian dollar. The document also provides highlights on Richmont's capital structure, operational performance in Q2 2016, reserves increases at its Island Gold and Beaufor mines, and mine life extensions. It summarizes the 2015 Preliminary Economic Assessment for Island Gold and outlines the mine's production expansion opportunity and exploration potential.
- Richmont Mines operates the high-grade Island Gold mine and Beaufor mine in Canada. In 2015, reserves increased 187% to 625,550 ounces of gold, with mine lives extended.
- At Island Gold, reserves grew 206% to 561,700 ounces with an average grade of 8.26 g/t and mine life of 7 years. A preliminary economic assessment outlines expansion potential.
- Beaufor reserves increased 95% to 63,850 ounces with a mine life over 2 years. Exploration continues to target additional resources at both mines.
Richmont Mines Inc. is a gold mining company with operations in Quebec, Ontario, and Newfoundland. This document provides an overview of Richmont Mines, including its financial performance in Q2 and H1 2012, operational highlights for its Beaufor Mine and Island Gold Mine, exploration focus at Beaufor, and drilling results showing potential at depth at Island Gold. Resource and reserve estimates are also presented for Beaufor, Island Gold, and Francoeur Mine.
1) Richmont Mines is a Canadian gold mining company with quality assets in Canada, including the Island Gold and Beaufor mines.
2) In 2015, Richmont achieved record revenues and strong operating cash flow, maintained a low debt level, and increased reserves at both mines.
3) For Island Gold, reserves increased 206% and mine life was extended to 7 years, while average annual production is forecast to increase to 78,000 ounces per year from 2017-2022 at lower costs according to a PEA.
This document provides a summary of a technical session presentation by Richmont Mines on positioning for sustainable growth at their Island Gold mine. The presentation discusses Richmont's vision and strategy, provides an overview of their sustainable business model and capital structure, and reviews operational and financial results for their Island Gold mine. It also summarizes preliminary economic assessments that have been conducted to evaluate expanding mining operations at Island Gold deeper between 450 and 860 levels based on indicated and inferred resources in that area.
This document provides an overview of Richmont Mines Inc., a Canadian gold mining company. It discusses Richmont's asset base in Canada including its Island Gold, Beaufor, and Monique mines. The document highlights Richmont's growing production profile, decreasing cost structure, and significant exploration potential. It also summarizes a preliminary economic assessment for expanding the Island Gold mine which could increase production and lower costs.
Richmont Mines reported third quarter 2016 financial results and operational highlights. Key points include:
- In-line production at Island Gold mine in Q3, with positive reconciliation of 37% compared to reserves.
- Beaufor mine production was lower due to equipment availability issues, but costs are expected to decrease as higher grade stoping increases.
- Strong cash position of $78.9 million to fund potential expansion at Island Gold to 1,100 tpd production.
- Near-mine drilling continuing to expand resources at Island Gold to incorporate in expansion study in H1 2017.
This document provides a summary of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key highlights include:
- Q2 gold production of 23,320 ounces at cash costs of $903 per ounce.
- Increased mineral reserves at Island Gold mine by 206% and Beaufor mine by 95%.
- Island Gold mine life extended to 7 years and Beaufor to over 2 years based on 2015 reserves.
- Preliminary Economic Assessment released for Island Gold outlining potential production expansion.
The document discusses Richmont Mines' assets and growth strategy. It summarizes that in Q1 2016:
- Richmont saw record gold production at its Island Gold mine in Ontario.
- Mineral reserves increased 187% overall since 2012, with a 206% increase at Island Gold.
- Cash costs are declining and production is expected to increase further under the preliminary economic assessment outlined for Island Gold, which envisions average annual production of 78,000 ounces of gold from 2017-2022.
Richmont Mines is a Canadian gold producer with quality assets in Canada. In Q1 2016, Island Gold mine achieved record production of 26,589 ounces at a cash cost of $674 per ounce. A preliminary economic assessment for Island Gold outlined an average annual production rate of 78,000 ounces per year from 2017-2022 at a cash cost of $552 per ounce. The assessment indicated potential for expanded production up to 1,150 tonnes per day pending a decision in first half of 2017. Richmont has a strong balance sheet with $61.2 million in cash and $9 million in debt to support its growth plans.
The document discusses Richmont Mines' operations and growth strategy. In Q1 2016, Richmont saw record production at its Island Gold mine in Canada and increased reserves by 206% there, extending the mine life to over 7 years. It also increased reserves 95% at its Beaufor mine in Canada. Richmont is pursuing expansion opportunities at Island Gold, with a preliminary economic assessment indicating potential for increased average annual production of 78,000 ounces of gold at lower costs through 2022. The company had C$61.2 million in cash as of March 31, 2016 to fund its strategic growth plans.
The document discusses Richmont Mines' positioning for sustainable growth through its Canadian mining operations. Key points include:
- Reserves at Island Gold and Beaufor mines increased 187% in 2015, extending mine lives.
- Island Gold produced a record in Q1 2016 and guidance forecasts increasing production with declining costs. An expansion could increase throughput.
- A preliminary economic assessment outlines a multi-year plan to increase average annual production at Island Gold to 78,000 ounces at lower costs.
- Exploration programs aim to expand resources and discover new zones at both core mines and regionally around Island Gold.
1) Richmont Mines is a Canadian gold mining company with quality assets in Canada, including the Island Gold and Beaufor mines.
2) In 2015, Richmont achieved record revenues and strong operating cash flow, maintained a low debt level, and increased reserves at both mines.
3) For Island Gold, reserves increased 206% and mine life was extended to 7 years, while average annual production is forecast to increase to over 78,000 ounces through 2022 at lower costs.
Richmont Mines is positioned for sustainable growth with a quality asset base in Canada. Their reserves increased 187% in 2015, extending the mine life at Island Gold to 7 years and Beaufor to over 2 years. At Island Gold, they plan to increase production to 78,000 ounces annually from 2017-2022 at lower costs through expansion and exploration. Richmont has a strong balance sheet, low shares outstanding, and exposure to the favorable Canadian dollar to support their strategic growth plan through increasing production and cash flow.
Richmont Mines is positioned for sustainable growth with a quality asset base in Canada. Their reserves increased 187% in 2015, extending the mine life at Island Gold to 7 years and Beaufor to over 2 years. At Island Gold, they plan to increase production to 78,000 ounces annually from 2017-2022 at lower costs through expansion and exploration. Richmont has a strong balance sheet, low shares outstanding, and exposure to the favorable Canadian dollar to support their strategic growth plan through increasing production and cash flow.
- Richmont Mines is positioned for sustainable growth with a quality asset base in Canada including its Island Gold and Beaufor mines. In 2015, mineral reserves increased 187% to over 625,000 ounces of gold.
- Production is expected to grow while costs decrease. Island Gold mine life was increased to 7 years with exploration potential to expand resources.
- The company has a strong balance sheet with $61 million in cash and low debt to fund growth from expanding production and reducing costs at Island Gold and Beaufor.
- Richmont Mines is positioned for sustainable growth with a quality asset base in Canada including its Island Gold and Beaufor mines. In 2015, mineral reserves increased 187% to over 625,000 ounces of gold.
- Production is expected to grow while costs decrease. Island Gold mine life has increased to 7 years with exploration potential to expand resources.
- The company has a strong balance sheet with $61 million in cash and low debt to fund its strategic growth plan while benefiting from Canadian dollar exposure.
This document is the annual report from Richmont Mines Inc. for its 2014 annual meeting. It discusses Richmont's operations in Ontario and Quebec, with the Island Gold Mine and Beaufor Mine being the primary operations. In 2014, Richmont saw increases in gold sales, earnings, operating cash flow, and ended the year with a strong balance sheet and cash position. It also oversaw development work to expand mining deeper levels at Island Gold. The report provides production and cost guidance for 2015.
Richmont Mines held a technical session to provide an overview of their assets and operations. Their Island Gold mine in Ontario saw record gold production in Q1 2016 and has an increased reserve estimate extending the mine life to 7 years. Exploration potential exists to further expand resources laterally and at depth. The Beaufor mine reserve also increased by 95%, extending the mine life to over 2 years, with continued development of the Q Zone. Overall reserves across both mines increased 187% in 2015. The presentation provided details on geology, production history and future plans to continue growing as a leading intermediate gold producer in Canada.
Richmont Mines is a Canadian gold mining company that has produced over 1.3 million ounces of gold from its operations in Canada since 1991. The document provides an overview of Richmont Mines, including financial results for Q2 2013 and fiscal year 2012, recent developments in 2013 including the completion of bulk samples and securing financing, and reviews of operations at the Island Gold and Beaufor mines. The Island Gold mine has produced over 225,000 ounces of gold since 2007 and drilling is planned to expand reserves and resources. The Beaufor mine has produced over 500,000 ounces since 1996 and objectives are to lower costs and advance development of the W Zone.
Richmont Mines is positioning itself for sustainable growth through its quality asset base in Canada including its growing production profile from the high-grade Island Gold Mine. The company is on track to meet or exceed revised 2016 guidance and has a strong balance sheet to fund its strategic growth plan. Recent exploration drilling continues to demonstrate potential for resource expansion at Island Gold laterally and at depth.
Richmont Mines provides guidance for 2015, forecasting gold sales of 78,000-88,000 ounces at an all-in sustaining cost of $1,335-$1,490 per ounce. At their Island Gold Mine, located in Ontario, the company forecasts production of 45,000-50,000 ounces at an all-in sustaining cost of $1,350-$1,495 per ounce. Richmont recently discovered a high-grade zone below the Island Gold Mine containing over 1 million ounces of gold resources.
This document provides a summary of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. It notes Richmont has a quality asset base, growing cash flows, a strong balance sheet, and exposure to the favorable Canadian dollar. The document also provides highlights on Richmont's capital structure, operational performance in Q2 2016, reserves increases at its Island Gold and Beaufor mines, and mine life extensions. It summarizes the 2015 Preliminary Economic Assessment for Island Gold and outlines the mine's production expansion opportunity and exploration potential.
- Richmont Mines operates the high-grade Island Gold mine and Beaufor mine in Canada. In 2015, reserves increased 187% to 625,550 ounces of gold, with mine lives extended.
- At Island Gold, reserves grew 206% to 561,700 ounces with an average grade of 8.26 g/t and mine life of 7 years. A preliminary economic assessment outlines expansion potential.
- Beaufor reserves increased 95% to 63,850 ounces with a mine life over 2 years. Exploration continues to target additional resources at both mines.
Richmont Mines Inc. is a gold mining company with operations in Quebec, Ontario, and Newfoundland. This document provides an overview of Richmont Mines, including its financial performance in Q2 and H1 2012, operational highlights for its Beaufor Mine and Island Gold Mine, exploration focus at Beaufor, and drilling results showing potential at depth at Island Gold. Resource and reserve estimates are also presented for Beaufor, Island Gold, and Francoeur Mine.
1) Richmont Mines is a Canadian gold mining company with quality assets in Canada, including the Island Gold and Beaufor mines.
2) In 2015, Richmont achieved record revenues and strong operating cash flow, maintained a low debt level, and increased reserves at both mines.
3) For Island Gold, reserves increased 206% and mine life was extended to 7 years, while average annual production is forecast to increase to 78,000 ounces per year from 2017-2022 at lower costs according to a PEA.
This document provides a summary of a technical session presentation by Richmont Mines on positioning for sustainable growth at their Island Gold mine. The presentation discusses Richmont's vision and strategy, provides an overview of their sustainable business model and capital structure, and reviews operational and financial results for their Island Gold mine. It also summarizes preliminary economic assessments that have been conducted to evaluate expanding mining operations at Island Gold deeper between 450 and 860 levels based on indicated and inferred resources in that area.
This document provides an overview of Richmont Mines Inc., a Canadian gold mining company. It discusses Richmont's asset base in Canada including its Island Gold, Beaufor, and Monique mines. The document highlights Richmont's growing production profile, decreasing cost structure, and significant exploration potential. It also summarizes a preliminary economic assessment for expanding the Island Gold mine which could increase production and lower costs.
Richmont Mines reported third quarter 2016 financial results and operational highlights. Key points include:
- In-line production at Island Gold mine in Q3, with positive reconciliation of 37% compared to reserves.
- Beaufor mine production was lower due to equipment availability issues, but costs are expected to decrease as higher grade stoping increases.
- Strong cash position of $78.9 million to fund potential expansion at Island Gold to 1,100 tpd production.
- Near-mine drilling continuing to expand resources at Island Gold to incorporate in expansion study in H1 2017.
This document provides a summary of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key highlights include:
- Q2 gold production of 23,320 ounces at cash costs of $903 per ounce.
- Increased mineral reserves at Island Gold mine by 206% and Beaufor mine by 95%.
- Island Gold mine life extended to 7 years and Beaufor to over 2 years based on 2015 reserves.
- Preliminary Economic Assessment released for Island Gold outlining potential production expansion.
The document discusses Richmont Mines' assets and growth strategy. It summarizes that in Q1 2016:
- Richmont saw record gold production at its Island Gold mine in Ontario.
- Mineral reserves increased 187% overall since 2012, with a 206% increase at Island Gold.
- Cash costs are declining and production is expected to increase further under the preliminary economic assessment outlined for Island Gold, which envisions average annual production of 78,000 ounces of gold from 2017-2022.
Richmont Mines is a Canadian gold producer with quality assets in Canada. In Q1 2016, Island Gold mine achieved record production of 26,589 ounces at a cash cost of $674 per ounce. A preliminary economic assessment for Island Gold outlined an average annual production rate of 78,000 ounces per year from 2017-2022 at a cash cost of $552 per ounce. The assessment indicated potential for expanded production up to 1,150 tonnes per day pending a decision in first half of 2017. Richmont has a strong balance sheet with $61.2 million in cash and $9 million in debt to support its growth plans.
The document discusses Richmont Mines' operations and growth strategy. In Q1 2016, Richmont saw record production at its Island Gold mine in Canada and increased reserves by 206% there, extending the mine life to over 7 years. It also increased reserves 95% at its Beaufor mine in Canada. Richmont is pursuing expansion opportunities at Island Gold, with a preliminary economic assessment indicating potential for increased average annual production of 78,000 ounces of gold at lower costs through 2022. The company had C$61.2 million in cash as of March 31, 2016 to fund its strategic growth plans.
The document discusses Richmont Mines' positioning for sustainable growth through its Canadian mining operations. Key points include:
- Reserves at Island Gold and Beaufor mines increased 187% in 2015, extending mine lives.
- Island Gold produced a record in Q1 2016 and guidance forecasts increasing production with declining costs. An expansion could increase throughput.
- A preliminary economic assessment outlines a multi-year plan to increase average annual production at Island Gold to 78,000 ounces at lower costs.
- Exploration programs aim to expand resources and discover new zones at both core mines and regionally around Island Gold.
1) Richmont Mines is a Canadian gold mining company with quality assets in Canada, including the Island Gold and Beaufor mines.
2) In 2015, Richmont achieved record revenues and strong operating cash flow, maintained a low debt level, and increased reserves at both mines.
3) For Island Gold, reserves increased 206% and mine life was extended to 7 years, while average annual production is forecast to increase to over 78,000 ounces through 2022 at lower costs.
Richmont Mines is positioned for sustainable growth with a quality asset base in Canada. Their reserves increased 187% in 2015, extending the mine life at Island Gold to 7 years and Beaufor to over 2 years. At Island Gold, they plan to increase production to 78,000 ounces annually from 2017-2022 at lower costs through expansion and exploration. Richmont has a strong balance sheet, low shares outstanding, and exposure to the favorable Canadian dollar to support their strategic growth plan through increasing production and cash flow.
Richmont Mines is positioned for sustainable growth with a quality asset base in Canada. Their reserves increased 187% in 2015, extending the mine life at Island Gold to 7 years and Beaufor to over 2 years. At Island Gold, they plan to increase production to 78,000 ounces annually from 2017-2022 at lower costs through expansion and exploration. Richmont has a strong balance sheet, low shares outstanding, and exposure to the favorable Canadian dollar to support their strategic growth plan through increasing production and cash flow.
- Richmont Mines is positioned for sustainable growth with a quality asset base in Canada including its Island Gold and Beaufor mines. In 2015, mineral reserves increased 187% to over 625,000 ounces of gold.
- Production is expected to grow while costs decrease. Island Gold mine life was increased to 7 years with exploration potential to expand resources.
- The company has a strong balance sheet with $61 million in cash and low debt to fund growth from expanding production and reducing costs at Island Gold and Beaufor.
- Richmont Mines operates the high-grade Island Gold mine and Beaufor mine in Canada. In 2015, reserves increased 187% to 625,550 ounces of gold, with mine lives extended.
- At Island Gold, reserves grew 206% to 561,700 ounces with an average grade of 8.26 g/t and mine life of 7 years. A preliminary economic assessment outlines expansion potential.
- Beaufor reserves increased 95% to 63,850 ounces with a mine life over 2 years. Exploration continues to target additional resources at both mines.
- Richmont has a strong balance sheet, low shares outstanding, and is well positioned for sustainable production and cost profile improvements in 2016 and beyond.
This document provides an overview of Richmont Mines Inc., including its asset base, production profile, cost structure, cash flows, exploration potential, and balance sheet. It summarizes the Island Gold mine, which is Richmont's key asset, outlining its high-grade underground operations and expansion opportunities. Production and costs at Island Gold are growing and declining respectively. The document also references a Preliminary Economic Assessment that envisions increased production and lower costs through a phased expansion to 800 tonnes per day.
1) The document discusses Richmont Mines' positioning for sustainable growth through its quality asset base in Canada including the Island Gold and Beaufor mines.
2) At Island Gold, production is expected to grow from 45,000-50,000 ounces in 2015 to an average of 78,000 ounces per year from 2017-2022 according to a PEA study. Cash costs are also expected to decrease.
3) Exploration drilling is planned around Island Gold to expand reserves and resources laterally and at depth as well as regionally.
This document provides an overview of Richmont Mines Inc. and its Island Gold Mine. It discusses Richmont's vision, strategy, and assets. For Island Gold, it summarizes the geology, reserves and resources, operations, exploration potential, and 2016 guidance. Reserves at Island Gold increased 206% to 561,700 ounces, extending the mine life to 7 years. Operations are expected to produce 62,000-67,000 ounces in 2016 at lower costs than in 2015. Exploration aims to expand resources laterally and at depth.
- Richmont Mines reported fourth quarter and full year 2016 financial results on February 21, 2017.
- In 2016, the company achieved record annual gold production of 104,050 ounces, at the high end of guidance. Cash costs for the year were $908 per ounce sold, within guidance.
- At the Island Gold Mine, production was 83,323 ounces for 2016, exceeding the revised guidance range. Cash costs of $779 per ounce were below the revised guidance range.
- The company reported a strong cash position of $75.1 million as of December 31, 2016 and expects a growing cash flow stream to support a potential expansion at Island Gold.
Richmont Mines is positioning for sustainable growth with its quality asset base in Canada. The document discusses Richmont's operational highlights, including strong production at its Island Gold mine that is on track to meet or exceed guidance. It also summarizes the capital structure and provides details on opportunities to increase production and reduce costs at Island Gold through returning to a lower development ore ratio and potential mill expansions.
This document provides an overview of Richmont Mines Inc., including:
- Forward-looking statements about factors that could impact results and risks to US investors regarding resource estimates.
- Richmont has a quality asset base in Canada with growing production and decreasing costs, significant exploration potential, and a strong balance sheet.
- The Island Gold mine is on track for a record year of production and declining costs, and a PEA outlines plans to expand through deeper mining.
- The Beaufor and Monique mines along with the Camflo mill also contribute to Richmont's production.
Richmont Mines is positioning itself for sustainable growth through its quality Canadian asset base and growing production profile. In 2017, Richmont expects gold production to increase up to 15% to 120,000 ounces, while cash costs per ounce are forecast to decrease up to 8% to $640. At the Island Gold Mine, reserves increased 34% to 752,000 ounces at an 11% higher grade of 9.17 g/t gold. An expansion case preliminary economic assessment is planned in Q2 2017 to evaluate increasing throughput to 1,100 tpd.
Richmont Mines reported its second quarter 2017 financial results. Key highlights include:
- Solid production of 31,249 ounces of gold and record low costs at the Island Gold Mine.
- Net earnings of $0.17 per share and operating cash flow of $0.39 per share.
- Cash position of $96 million, increased from prior quarter.
- Exploration success extending mineralization further down plunge at Island Gold.
- Expansion Case PEA supports increasing Island Gold production by 22% with low capital costs.
This document provides an overview of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. It highlights the company's solid financial performance in the first three quarters of 2015, with gold production of 75,651 ounces at a cash cost of $961 per ounce. The document also summarizes key details of Richmont's Island Gold, Beaufor, and Monique mines and Camflo mill, and provides an overview of a preliminary economic assessment that outlines the potential to expand the Island Gold mine.
- Richmont Mines provides a summary of its operational highlights for Q4 2016 and full-year 2016, noting it achieved record production and cash costs within revised guidance.
- The document discusses the Island Gold Mine specifically, noting 51% production increase over 2015 and 24% reduction in costs, with opportunities for further growth and decreasing costs profile.
- Preliminary estimates indicate potential for positive reserve adjustments at Island Gold from 2016 grade reconciliations being higher than the December 2015 reserve model.
Tristar Gold is developing the Castelo de Sonhos gold project in Brazil. The project has a 1.4 million ounce open pit reserve and a positive pre-feasibility study showing a 33% IRR and $399 million NPV at $1,550 gold price. Tristar is advancing permitting and aims to receive its installation license in 2024 to begin construction of a 3.6 million tonne per year operation. The project has significant exploration upside to expand resources along strike and at depth.
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
Calibre Mining is creating a high growth, cash flow focused mid-tier gold producer in the Americas. It has 3 producing mines, 3 growth assets, 4.1M ounces of gold reserves, and is forecast to produce 275-300k ounces in 2024. Calibre aims to grow production to over 460k ounces annually by 2026 through organic growth from its assets and ongoing exploration and development projects. These include the high-grade Valentine Gold Mine in Canada, which began production in early 2025. Calibre has a track record of delivering production growth and increasing reserves, and sees potential for further discovery and resource expansion across its portfolio.
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The document provides an overview of Strategic Resources' corporate presentation from March 2024. It discusses a three phase plan to develop an iron pelletizing facility and eventually the fully permitted BlackRock mine in Quebec. Phase 1 would produce direct reduction grade iron ore pellets using third party feedstock. Phase 2 could produce direct reduced iron or hot briquetted iron. Phase 3 involves building the BlackRock mine and facilities to produce high purity pig iron, vanadium, and titanium products. The presentation outlines the project's economics, location advantages, and potential to support the green transition in steelmaking.
This document provides an overview of Tristar Gold Inc., a gold mining company developing the Castle of Dreams gold project in Brazil. Key points include:
- The Castle of Dreams project has a 1.4 million ounce gold reserve identified in a 2021 PFS study, with potential to expand further.
- The PFS outlined an 11-year mine life with average annual production of 121,000 ounces at an AISC of $900/ounce and post-tax IRR of 28% at $1,550 gold.
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- The management team
Strategic Resources Corporate Presentation - March 2024 UpdateAdnet Communications
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Strategic Resources is presenting on their corporate projects in March 2024. The presentation outlines their phased approach to developing the BlackRock iron ore project in Quebec, beginning with a merchant iron pellet plant using third party feed (Phase 1), followed by direct reduction and hot briquetted iron production (Phase 2), and ultimately the construction of the BlackRock mine and metallurgical facility (Phase 3). Strategic also discusses their leased site at the deep water Port of Saguenay that will be critical infrastructure for shipping iron ore pellets and products internationally. The presentation provides an overview of the economics for the Phase 1 merchant pellet plant and Strategic's capital structure.
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2. www.richmont-mines.com 2RIC: TSX NYSE-MKT
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.)
FORWARD LOOKING STATEMENTS
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 (63M)(1)
(1) Including 3.0 million shares issued as part of the June 2016 equity financing.
4. www.richmont-mines.com 4RIC: TSX NYSE-MKT
CAPITAL STRUCTURE
Capital Structure
Issued & Outstanding Shares(1) 62.6M
Options & RSU’s 3.3M
Fully Diluted 65.9M
Cash(2) C$61.2M
Net proceeds: June 2016 financing C$29M
Total Debt(4) C$9.0M
Ticker RIC:TSX–NYSE
Market Capital (June 13/16) C$695M
$61M(2)
CASH
C$9.0M
DEBT
Analyst Coverage
CIBC Jeff Killeen
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
PI Financial Brian Szeto
TD Securities Daniel Earle
Paradigm Capital Don Blyth
Mackie Research Ryan Hanley
Canaccord Genuity Rahul Paul
BMO Capital Markets Brian Quast
Haywood Securities Kerry Smith
Scotia Capital Craig Johnston
Desjardins Capital Mike Parkin
RIC
(as of June 13, 2016)
TSX
C$
NYSE MKT
US$
Closing price $11.27 $8.81
52-week range $3.14-$11.83 $2.27-$9.35
Market Cap (M’s) $695M $543M
30-day daily trading avg. 410,832 530,626
Strong cash position supports fully
funded strategic growth plan(1) Includes 3.0 million shares issued as part of the June 2016 C$31M equity financing.
(2) Cash as of March 31, 2016
(3) Net proceeds from June 2016 financing.
(4) As of March 31, 2016. Long-term debt is primarily comprised of capital lease obligations.
C$29M(3)
NET PROCEEDS
JUNE 2016 FINANCING
5. www.richmont-mines.com 5RIC: TSX NYSE-MKT
Operational Highlights
Q1 production: 32,369 oz.; Cash costs of $806 per oz (US$587)
Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor
Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed
Beaufor mine life increased to more than 2 years(1)
Released Preliminary EconomicAssessment for Island Gold (Oct 28/15)
(1) Mine life based on 2015 Mineral Reserves and Resources
OPERATIONALHIGHLIGHTS
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation
(2) No changes to Mineral Reserves were made at the Corporation’s other properties.
2015 Q1 2016
2016
Guidance
Gold produced (oz) 98,031 32,369 87,000-97,000
Cash cost per oz. (CAN$)(1) $977 $806 $930-$1,000
AISC (CAN$)(1) $1,373 $1,100 $1,275-$1,390
Cash cost per oz. (US$)(1) $764 $587 $680-$730(2)
AISC (US$)(1) $1,074 $801 $935-$1,015(2)
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31, 2015 Gold ounces Gold g/t
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
6. www.richmont-mines.com 6RIC: TSX NYSE-MKT
CANADIAN HIGH-GRADE UNDERGROUND MINE
Record Production Q1; Declining cash costs
YTD positive grade reconciliation of 44%
Production expansion opportunity
Reserves increase by 206%; 7-year mine life(1)
Exploration potential laterally and at depth
(1) Mine life based on 2015 Mineral Reserves and Resources (1) Refer to full 2015 Reserve and Resource information at the end of this presentation
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) 2016 Guidance a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
63% INCREASE IN PRODUCTION SINCE 2013
(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 $40.5M
2015
Q1
2016
2016
Guidance
PEA
2017-2022
Avg.
Gold Production (oz) 55,040 26,589 62,000-67,000 78,000
Gold Sold (oz) 52,363 26,031 - -
Cash costs/oz (C$)(1) $1,034 $674 $900-$960 $552
AISC (C$)(1) $1,460 $855 $1,160-$1,250 $639
Cash costs/oz (US$)(1) $808 $491 $660-$705(2) $414
AISC (US$)(1) $1,141 $623 $850-$920(2) $479
Capital and Exploration 2015
2016
Guidance
2016
PEA
Sustaining Capital ($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 -
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
7. www.richmont-mines.com 7RIC: TSX NYSE-MKT
Underground Mine Productivity
ISLAND GOLD MINE:
POSITIONING FOR GROWTH
0,0
12,0
10,0
8,0
6,0
4,0
2,0
0
Q414
Q115
Q215
Q315
Q415
2016E
PEA
(800tpd)
Q116
Upside
(900tpd)
Gramspertonne
Tonnesperday
Underground tpd Head grade (g/t)
(1) Fourth quarter production and mine and mill productivity: Includes a 3-week scheduled underground mine
shutdown and a 2-week scheduled mill shutdown
First 2 mining horizons developed, third
horizon development in progress
3 years of mine life pre-developed
Tonnes mined from development ore:
• 2015: 50% / 2016E: 40% / PEA: 5%
Mill Electrical Upgrade: Q3 2016
-
2014 2015 2016E(1) PEA Base
Case
(800tpd)(2)
Upside
Potential
(900tpd)(3)
(1) Mid-range of 2016 guidance (2) Avg. annual production 2017-2022 (3) Permitted potential
Island Gold Production Upside
OzAu
2016E (1) PEA Base
Case
(800tpd) (2)
Upside
Potential
(900tpd) (3)
100 000 1000
90 000 900
80 000 800
70 000 700
60 000 600
50 000 500
40 000 400
30 000 300
20 000 200
10 000 100
Island Gold 2014 2015 Q1 2016 2016E
Underground (tpd) 601 659 853 800
Development to
stope ratio (%)
29/71 50/50 55/45 40/60
Mill (tpd) 632 663 834 800
Head grade (g/t) 5.91 7.31 11.31 7.0-7.5
Recoveries (%) 96.3 96.8 96.3 96.5
8. www.richmont-mines.com 8RIC: TSX NYSE-MKT
Q1 RECORD PRODUCTION:
POSITIVE RECONCILIATION TO RESERVES
(1) Reconciliation Mined to Reserves as of March 31st, 2016
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%
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
Year-to-Date Reserve Reconciliation (1)
10. www.richmont-mines.com 10RIC: TSX NYSE-MKT
Potential for increased production and lower AISC
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
C$552/oz cash costs
Conceptual expansion case released in H2 2016; Potential Expansion Case
to 1,150 tpd decision in H1 2017
Mill Expansion Opportunity
ISLAND GOLD: 2015 PEAOVERVIEW
1200
1000
800
600
400
200
0
2015 Q1 2016 PEA Base Permitted
Case Capacity Expanded
Case
PEA
Tonnesperday
2015 PEA Summary 2017-2022 (C$)
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 (C$M) 256
Average cash operating cost (C$/t) 148
Average cash operating cost (C$/oz) 552
Transition Period Project Capital 2015-2016 (C$M) 62
Sustaining Capital (C$M) (2017-2022) 40.5
11. www.richmont-mines.com 11RIC: TSX NYSE-MKT
86,500m Drilling program launched in Q4 2015; 50,050m completed to date
ISLAND GOLD: PHASE 1 EXPLORATION PROGRAM
13. www.richmont-mines.com 13
Lateral drilling (~42,000 metres) east of the main deposit above 1,000m
Deep directional drilling (~80,000 metres) targeting below 1,000m
Exploration drift extensions: 620m, 740m and 860m levels
Regional drilling program (~20,000 metres)
2015 PEA update (Oct. 2016) and productivity enhancements to support potential expansion
2016 FINANCING:
UNLOCKING THE POTENTAL OF ISLAND GOLD
Phase 2 Exploration Program Amount (C$)
Lateral Drilling Program
Surface Drilling (15,000m) $1,650,000
Underground Drilling (27,000m) $2,200,000
620m and 740m exploration drifts extension $3,750,000
Total Lateral Drilling $7,600,000
Deep Drilling Program
Surface directional drilling (40,000m) $8,400,000
860m exploration drift (500m) $3,200,000
Infill underground drilling (40,000m) $3,200,000
Total Deep Drilling $14,800,000
Regional Drilling Program
Surface drilling (20,000m) $2,200,000
Sub-total $2,200,000
Total Exploration $24,600,000
Organic Growth
Expansion studies (2015 PEA Update) $1,500,000
Productivity optimization $3,021,200
Total Organic Growth Program $4,521,200
Total Phase 2 Exploration Program and Organic Growth $29,121,200
14. www.richmont-mines.com 14RIC: TSX NYSE-MKT
BEAUFOR MINE: OVERVIEW
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A
(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar
(3) Refer to full 2015 Reserve and Resource information at the end of this presentation
Reserves increased by 95%; mine life
increased by 2 years (based on reserves)
Development of the Q Zone; Reached the
mineralized structure in late March
Generating free cash flow (2016-2017)
Camflo Mill: capacity of 1,200 tpd provides
toll milling opportunities
2015 Q1 2016 2016 Guidance
Gold Production (oz) 26,411 4,615 25,000-30,000
Gold Sold (oz) 26,875 5,037 -
Cash costs/oz (C$)(1) $995 1,398 $1,000-$1,060
AISC (C$)(1) $1,216 $1,730 $1,230-$1,330
Cash costs/oz (US$)(1) $778 1,018 $735-$780(2)
AISC (US$)(1) $951 $1,260 $905-$975(2)
Capital and Exploration 2015 2016 Guidance
Sustaining Capital ($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
15. www.richmont-mines.com 15RIC: TSX NYSE-MKT
MINERAL RESERVES INCREASE BY 187%
Gold oz.
63,850
2015
MineralReserves(000’sounces)
Gold oz.
300 561,700
200
100
0
2012 2013 2014
Monique Beaufor Island Gold
700
600
500
400
Mineral Reserves Growth
(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation.
(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
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31
Gold ounces Grams per tonne
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 625,550 216,500 187% 8.05 6.43 25%
16. www.richmont-mines.com 16RIC: TSX NYSE-MKT
WELL POSITIONED FOR SUSTAINABLE GROWTH
Significant Exploration Potential
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (63M)
Beaufor Mine Q Zone
Quality Asset Base in Canada
Growing Production Profile
Decreasing Cost Structure
Growing Cash Flow Streams
Island Gold Mine Core
18. www.richmont-mines.com 18RIC: TSX NYSE-MKT
CHRISTIAN BOURCIER
P. ENG
Beaufor Mine and Camflo Mill
General Manager
RICHMONT MINES: MANAGEMENT TEAM
RENAUD ADAMS DANIEL ADAM NICOLE VEILLEUX
JEAN BASTIEN
P. ENG, MBA
Island Gold Mine
General Manager
MARC-ANDRÉ LAVERGNEMAXIME GRONDIN
CIRC
Director,
Human Resources
MÉLISSA TARDIF
ANNE DAYSTEVE BURLETON
LLB
Lawyer and
Corporate Secretary
P. ENG
President and
P. ENG
Vice-President,
GEO PHD
Vice-President
CPA, CA
Vice-President
CFA, MBA
Vice-President,
MBA
Vice-President,
Chief Executive Officer Operations Exploration Finance Business Development Investor Relations
19. www.richmont-mines.com 19RIC: TSX NYSE-MKT
RICHMONT MINES: BOARD OF DIRECTORS
RENÉ MARION
P. ENG
Chairman of
the Board
MICHAEL PESNER
CA
Director and Chairman of
the Audit Committee
RENAUD ADAMS
P. ENG
Director, President
and Chief Executive Officer
PETER BARNES
CA
Director
ELAINE ELLINGHAM
P. Geo., MBA
Director
20. www.richmont-mines.com 20RIC: TSX NYSE-MKT
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
2016 OPERATIONALESTIMATES
2016 Production and Cost Guidance
(1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A.
2016 Capital Investment Guidance
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.
(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$4.4 million) related to discretionary development outside the scope of the PEA.
Capital and Exploration Investment ($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
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MINERAL RESERVESAND RESOURCES
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.
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
30. www.richmont-mines.com 30RIC: TSX NYSE-MKT
WASAMAC:ADVANCED DEVELOPMENT PROJECT
(1) Refer to full 2014 Reserve and Resource information at the end of this presentation
Located in the Abitibi gold mining district
15km west of Rouyn-Noranda, Quebec
100% owned, no royalties
Close proximity to existing infrastructure
Significant exploration potential
NI 43-101 PEAreleased in March 2012
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
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.
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.
Human Resources
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.
Sustainable
Sustainable
Community Development
Leadership and consulting skills for
promoting comprehensive change
toward sustainability in communities and
developing world-class relationships
with Aboriginal communities.
Sustainable
Process Improvement
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.
Sustainable
Growth Principles
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.