- 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.
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 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.
This document provides safety guidelines and procedures for visitors touring the Island Gold Mine. It outlines what personal protective equipment is required, such as hard hats, safety glasses, and steel-toed boots. It instructs visitors to stay with their guide at all times and not to engage in horseplay. Emergency procedures are also described, such as remaining calm and following a guide's instructions. The second part of the document discusses underground safety requirements like tagging in/out and using three points of contact to enter/exit vehicles. Medical assistance is available at all times during the tour.
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 owns and operates the Island Gold gold mine in Ontario, Canada. In 2015, Island Gold is forecast to produce 45,000-50,000 ounces of gold at a cash cost of $935-1,035 per ounce. Recent drilling below the mine discovered a new zone containing over 1 million ounces of high-grade gold mineralization that remains open along strike and at depth. Development is underway to access this new zone and increase production at Island Gold in coming years.
This document discusses Richmont Mines' positioning for sustainable growth. It provides guidance for 2017 production and costs at its Island Gold and Beaufor mines. Island Gold is expected to produce 87,000-93,000 ounces at cash costs of $715-765/ounce. Exploration continues to expand reserves and resources at Island Gold laterally and at depth. The company has a strong cash position to fund its organic growth plan.
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.
This document provides an overview of Richmont Mines' positioning for sustainable growth through its Island Gold Mine. Key points include:
- Island Gold is a high-grade, low-cost underground mine in Canada that produced nearly 50,000 ounces in the first half of 2017 at a cash cost of $563/ounce.
- The mine is ramping up to an expanded capacity of 1,100 tonnes per day and has potential for further expansion beyond 150,000 ounces annual production.
- An expansion case preliminary economic assessment outlines a capital-efficient expansion with low costs and robust cash flows to support 22% production growth.
- Exploration success provides additional growth opportunities through 750,000 ounces of inferred
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 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.
This document provides safety guidelines and procedures for visitors touring the Island Gold Mine. It outlines what personal protective equipment is required, such as hard hats, safety glasses, and steel-toed boots. It instructs visitors to stay with their guide at all times and not to engage in horseplay. Emergency procedures are also described, such as remaining calm and following a guide's instructions. The second part of the document discusses underground safety requirements like tagging in/out and using three points of contact to enter/exit vehicles. Medical assistance is available at all times during the tour.
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 owns and operates the Island Gold gold mine in Ontario, Canada. In 2015, Island Gold is forecast to produce 45,000-50,000 ounces of gold at a cash cost of $935-1,035 per ounce. Recent drilling below the mine discovered a new zone containing over 1 million ounces of high-grade gold mineralization that remains open along strike and at depth. Development is underway to access this new zone and increase production at Island Gold in coming years.
This document discusses Richmont Mines' positioning for sustainable growth. It provides guidance for 2017 production and costs at its Island Gold and Beaufor mines. Island Gold is expected to produce 87,000-93,000 ounces at cash costs of $715-765/ounce. Exploration continues to expand reserves and resources at Island Gold laterally and at depth. The company has a strong cash position to fund its organic growth plan.
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.
This document provides an overview of Richmont Mines' positioning for sustainable growth through its Island Gold Mine. Key points include:
- Island Gold is a high-grade, low-cost underground mine in Canada that produced nearly 50,000 ounces in the first half of 2017 at a cash cost of $563/ounce.
- The mine is ramping up to an expanded capacity of 1,100 tonnes per day and has potential for further expansion beyond 150,000 ounces annual production.
- An expansion case preliminary economic assessment outlines a capital-efficient expansion with low costs and robust cash flows to support 22% production growth.
- Exploration success provides additional growth opportunities through 750,000 ounces of inferred
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.
This document provides information about Richmont Mines' Island Gold Mine, including:
- An agenda for a site visit that includes presentations on workforce health and safety, sustainability, geology, operations, and development plans.
- Safety protocols and inductions for underground visits and surface areas.
- Maps showing the mine's location, infrastructure, mineralized zones, and land tenure.
- Charts presenting the management team, 2015 development plans, 2015 production guidance, and workforce statistics.
Richmont Mines is positioning its Island Gold mine in Ontario, Canada for game-changing growth. In 2015, the company plans to spend $48.3 million at Island Gold, including $19.1 million on sustaining capital and $29.2 million on projects and exploration. This investment aims to transform Island Gold into a longer-life, higher-production mine through underground ramp and drill development, exploration drilling, and mining and milling studies.
Richmont Mines owns the Island Gold mine in Ontario, Canada. Exploration drilling at Island Gold has highlighted the potential for further mineral resources and reserves at depth. Infrastructure development has advanced with the main ramp extending to 660 meters and a secondary eastern ramp to 470 meters. Based on drilling results, estimated mineral reserves were established below 400 meters depth containing over 90,000 ounces of gold. The mine produced over 10,000 ounces of gold in the first quarter of 2015 and is forecast to produce between 45,000 to 50,000 ounces for the full year.
The document summarizes Richmont Mines' second quarter 2015 results. Key points include:
- Gold production of 26,314 ounces for Q2 2015 and 52,173 ounces for the first half of 2015.
- Cash costs of $974/oz for Q2 2015 and $976/oz for the first half of 2015.
- Focus on developing the Island Gold mine, including $48.3 million planned for 2015 for development, drilling and studies to expand resources and reserves.
The document provides safety guidelines for an analyst site tour of Island Gold Mine. It outlines personal protective equipment requirements and safety procedures both above and underground. Special safety requirements are needed for underground, including tagging in/out and using three points of contact for vehicles. Island Gold had a record first quarter in 2016 with higher than planned gold production and grades mined, due to a positive grade reconciliation and increased development in a second, higher-grade mining horizon.
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.
The document discusses Guyana Goldfields Inc., an operating gold mine in Guyana. It provides an overview of the company's 2017 performance and guidance, including producing over 150,000 ounces of gold in its first year of commercial production. It outlines plans to expand production to over 200,000 ounces annually by 2018 through mill expansions. The document also highlights the company's large land holdings in an underexplored greenstone belt that provides potential for additional discoveries near its existing Aurora mine to provide organic growth.
- Richmont Mines is a Canadian gold mining company that has been producing gold since 1991, with over 1.4 million ounces produced to date.
- It currently operates the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine properties in Quebec.
- For 2014, Richmont Mines is targeting gold production of 75,000-85,000 ounces and had produced 48,171 ounces in the first half of 2014.
- A key asset is the Island Gold Mine, which has produced over 303,000 ounces of gold since 2007 and for which Richmont Mines is developing a new 1.1 million ounce inferred resource below the existing mine.
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 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 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 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.
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.
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.
The document provides an agenda for an Island Gold Technical Session, which will include presentations on: the corporate overview and key highlights; evolution of the Island Gold Mine geology and exploration; an expansion case preliminary economic assessment; the underground mine plan and operating/capital costs; the milling plan and operating/capital costs; a financial analysis; next steps and upside opportunities; and a question and answer period. It also provides background on Richmont Mines' vision, strategy, capital structure, Island Gold's 2016 performance, reserve and resource growth, and 2017 production/cost guidance.
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.
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 corporate presentation provides an overview of Falco Resources Ltd. and its flagship Horne 5 mining project in Canada. Key details include:
- Falco owns a large land package near Rouyn-Noranda with potential for additional exploration and deposits.
- The Horne 5 project would be an underground mining operation producing an estimated 236,000 ounces of gold annually at all-in costs of US$427 per ounce.
- Initial mine life is estimated at 17 years with total development capital expenditures of US$680 million.
- Falco is well positioned for mine development with experienced management, a supportive jurisdiction, and access to infrastructure and a skilled mining workforce.
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 financial and operating results for the fourth quarter and full year of 2015. Key highlights include:
- Annual gold production of 98,031 ounces exceeded guidance and AISC was in line with guidance.
- Island Gold mine set another production record in 2015 with 55,040 ounces, a 54% increase since 2013. Mineral reserves at Island Gold increased 206% to 561,700 ounces.
- Beaufor mine life was extended to over 2 years based on a 95% increase in mineral reserves to 63,850 ounces.
- Cash position of $61 million at year-end supports the company's growth plan.
- 2016 production guidance is 87,000 to
The document discusses a site visit to the Island Gold Mine. It provides an agenda for the visit which includes a safety induction, mill and surface tour, presentations on geology, operations, and exploration drilling. It also includes background on the mine workforce, health and safety performance, sustainability efforts, and community relationships. Maps show the mine's location within the Wawa gold camp and Richmont Mines' land holdings in the area.
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.
This document provides information about Richmont Mines' Island Gold Mine, including:
- An agenda for a site visit that includes presentations on workforce health and safety, sustainability, geology, operations, and development plans.
- Safety protocols and inductions for underground visits and surface areas.
- Maps showing the mine's location, infrastructure, mineralized zones, and land tenure.
- Charts presenting the management team, 2015 development plans, 2015 production guidance, and workforce statistics.
Richmont Mines is positioning its Island Gold mine in Ontario, Canada for game-changing growth. In 2015, the company plans to spend $48.3 million at Island Gold, including $19.1 million on sustaining capital and $29.2 million on projects and exploration. This investment aims to transform Island Gold into a longer-life, higher-production mine through underground ramp and drill development, exploration drilling, and mining and milling studies.
Richmont Mines owns the Island Gold mine in Ontario, Canada. Exploration drilling at Island Gold has highlighted the potential for further mineral resources and reserves at depth. Infrastructure development has advanced with the main ramp extending to 660 meters and a secondary eastern ramp to 470 meters. Based on drilling results, estimated mineral reserves were established below 400 meters depth containing over 90,000 ounces of gold. The mine produced over 10,000 ounces of gold in the first quarter of 2015 and is forecast to produce between 45,000 to 50,000 ounces for the full year.
The document summarizes Richmont Mines' second quarter 2015 results. Key points include:
- Gold production of 26,314 ounces for Q2 2015 and 52,173 ounces for the first half of 2015.
- Cash costs of $974/oz for Q2 2015 and $976/oz for the first half of 2015.
- Focus on developing the Island Gold mine, including $48.3 million planned for 2015 for development, drilling and studies to expand resources and reserves.
The document provides safety guidelines for an analyst site tour of Island Gold Mine. It outlines personal protective equipment requirements and safety procedures both above and underground. Special safety requirements are needed for underground, including tagging in/out and using three points of contact for vehicles. Island Gold had a record first quarter in 2016 with higher than planned gold production and grades mined, due to a positive grade reconciliation and increased development in a second, higher-grade mining horizon.
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.
The document discusses Guyana Goldfields Inc., an operating gold mine in Guyana. It provides an overview of the company's 2017 performance and guidance, including producing over 150,000 ounces of gold in its first year of commercial production. It outlines plans to expand production to over 200,000 ounces annually by 2018 through mill expansions. The document also highlights the company's large land holdings in an underexplored greenstone belt that provides potential for additional discoveries near its existing Aurora mine to provide organic growth.
- Richmont Mines is a Canadian gold mining company that has been producing gold since 1991, with over 1.4 million ounces produced to date.
- It currently operates the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine properties in Quebec.
- For 2014, Richmont Mines is targeting gold production of 75,000-85,000 ounces and had produced 48,171 ounces in the first half of 2014.
- A key asset is the Island Gold Mine, which has produced over 303,000 ounces of gold since 2007 and for which Richmont Mines is developing a new 1.1 million ounce inferred resource below the existing mine.
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 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 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 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.
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.
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.
The document provides an agenda for an Island Gold Technical Session, which will include presentations on: the corporate overview and key highlights; evolution of the Island Gold Mine geology and exploration; an expansion case preliminary economic assessment; the underground mine plan and operating/capital costs; the milling plan and operating/capital costs; a financial analysis; next steps and upside opportunities; and a question and answer period. It also provides background on Richmont Mines' vision, strategy, capital structure, Island Gold's 2016 performance, reserve and resource growth, and 2017 production/cost guidance.
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.
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 corporate presentation provides an overview of Falco Resources Ltd. and its flagship Horne 5 mining project in Canada. Key details include:
- Falco owns a large land package near Rouyn-Noranda with potential for additional exploration and deposits.
- The Horne 5 project would be an underground mining operation producing an estimated 236,000 ounces of gold annually at all-in costs of US$427 per ounce.
- Initial mine life is estimated at 17 years with total development capital expenditures of US$680 million.
- Falco is well positioned for mine development with experienced management, a supportive jurisdiction, and access to infrastructure and a skilled mining workforce.
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 financial and operating results for the fourth quarter and full year of 2015. Key highlights include:
- Annual gold production of 98,031 ounces exceeded guidance and AISC was in line with guidance.
- Island Gold mine set another production record in 2015 with 55,040 ounces, a 54% increase since 2013. Mineral reserves at Island Gold increased 206% to 561,700 ounces.
- Beaufor mine life was extended to over 2 years based on a 95% increase in mineral reserves to 63,850 ounces.
- Cash position of $61 million at year-end supports the company's growth plan.
- 2016 production guidance is 87,000 to
The document discusses a site visit to the Island Gold Mine. It provides an agenda for the visit which includes a safety induction, mill and surface tour, presentations on geology, operations, and exploration drilling. It also includes background on the mine workforce, health and safety performance, sustainability efforts, and community relationships. Maps show the mine's location within the Wawa gold camp and Richmont Mines' land holdings in the area.
- 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.
Richmont Mines reported financial results for the third quarter of 2015. Production is on track to meet the high end of guidance for the year, with cash costs in the mid-range of guidance. Cash balance was a strong $76.5 million. At Island Gold mine, production is expected to increase and costs are expected to decrease based on the preliminary economic assessment. The assessment outlined potential to accelerate production and lower costs by expanding to 1,150 tonnes per day. Drilling programs are planned to extend mine life at Island Gold and Beaufor mines.
- Richmont Mines is a Canadian gold mining company that has been producing gold since 1991, with over 1.4 million ounces produced to date.
- It currently operates the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine properties in Quebec.
- For 2014, Richmont Mines is targeting gold production of 75,000-85,000 ounces and had produced 48,171 ounces in the first half of 2014.
- A key asset is the Island Gold Mine, which has produced over 303,000 ounces of gold since 2007 and for which Richmont Mines is developing a new 1.1 million ounce inferred resource below the existing mine.
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.
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.
August 2016 - Second Quarter 2016 Financial Results - August 8, 2016Adnet Communications
The document provides financial and operational results for Richmont Mines Inc. for the second quarter of 2016. Some key highlights include:
- Gold production of 23,320 ounces for Q2 2016, with cash costs of $903/ounce and AISC of $1,330/ounce.
- Strong performance at Island Gold mine, the company's flagship asset, with production growth of 24% compared to Q2 2015 and costs well below guidance.
- Overall company remains on track to meet or exceed 2016 consolidated guidance of 87,000-97,000 ounces of gold production.
Alamos Gold Inc. is proposing to acquire Richmont Mines Inc. via a plan of arrangement. The proposed transaction would have an implied equity value of US$770 million and position the combined company as a leading intermediate gold producer. The acquisition of Richmont's Island Gold mine in Ontario would provide Alamos shareholders with a high-quality, free cash flow generating asset in a premier jurisdiction. It would also diversify Alamos' portfolio, strengthen its financial position, and enhance its production and cost profile to support continued growth. Richmont shareholders would receive a premium for their shares and maintain exposure to Island Gold's potential through a meaningful ownership in the larger combined company.
- 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.
The document discusses the Island Gold Mine site visit that took place on May 27, 2015. It includes an agenda for the visit with presentations on workforce health and safety, sustainability and community, geology and exploration, operations, and development plans. Safety protocols are reviewed for the underground tour, mill tour, core shack and other areas of the site visit. Statistics on the mine's workforce, health and safety performance, environment and community programs are also presented.
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.
The document provides an overview of Richmont Mines' first quarter 2017 financial results and operations. Key highlights include:
- Solid production of 29,401 ounces of gold and costs in line with guidance.
- Island Gold Mine performed well with 23,772 ounces produced at low costs.
- Cash position of $75.2 million and expected cash flows will fund potential mill expansion at Island Gold.
- Expansion Case PEA for Island Gold Mine expected in Q2 2017 and aims to optimize cash flow generation.
- Production for Q1 2016 was a record 32,369 ounces of gold, a 25% increase over Q1 2015, driven by a record quarter from Island Gold. Cash costs and AISC both decreased by 18% and 12% respectively.
- Revenue was a record $52.6 million for Q1 2016. The company has a strong cash position of $61.2 million and is well positioned for organic growth at its mines in Quebec and Ontario.
- Exploration continues to show potential to expand resources at Island Gold both laterally and at depth. Drilling results compare favorably to the previous deep resource block.
The document summarizes Richmont Mines' positioning for sustainable growth through 2024. Key points include:
- The Island Gold Mine is expected to increase production to 125,000 ounces annually by 2019-2024 through a preliminary economic assessment to expand operations to 1,100 tonnes per day.
- The expansion case PEA indicates the project could generate strong cash flows and returns on investment at various gold price scenarios.
- Recent exploration success and delineation drilling indicate potential to further expand reserves at Island Gold at higher grades.
- Guidance for 2017 forecasts increased production and declining costs at Island Gold and the company overall.
- Richmont Mines is positioning its Island Gold Mine in Ontario for transformational growth through increased development and exploration.
- In 2015, the company plans to spend $48 million at Island Gold, including $29 million for project development and exploration to extend mine life at depth.
- Goals for 2015 include completing underground development including ramps and drilling to upgrade and expand resources below 500 meters depth. Mining and milling studies will evaluate options to increase production long-term.
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.
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.
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.
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 provides guidance for 2017 that projects a potential increase in gold production of up to 15% compared to 2016 levels, and a potential decrease in costs of up to 8%. Key objectives for 2017 include completing a positive expansion case preliminary economic assessment for the Island Gold Mine and continuing reserve and resource growth through exploration. Guidance forecasts 2017 production of 110,000-120,000 ounces of gold with cash costs per ounce of $640-$680 in US dollars.
- 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 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 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.
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.
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.
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.
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 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 information about Richmont Mines Inc.'s annual meeting, including:
1) It summarizes Richmont's 2011 financial and operational results, including record earnings and increased gold reserves at its operating mines.
2) It outlines Richmont's goals for 2012, which include rebuilding its share price, optimizing its Wasamac gold project, and completing an acquisition.
3) It provides an overview of Richmont's property portfolio and acquisition strategy, and summarizes recent corporate developments and Q1 2012 financial results.
Richmont Mines Inc. is a gold mining company with operations in Quebec, Ontario, and Newfoundland. In the second quarter of 2012, Richmont Mines sold 14,611 ounces of gold at an average cash cost of $1,091 per ounce and an average selling price of $1,608 per ounce. Richmont's two main operations are the Beaufor Mine in Quebec and the Island Gold Mine in Ontario. At Beaufor, production is expected to be between 20,000-25,000 ounces in 2012 and 2013, while deep drilling at Island Gold shows potential to expand resources below current mining operations.
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 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 Inc. held its 2014 annual meeting on May 7, 2015. In 2014, the company saw a 49% increase in gold sales to 94,503 ounces, generated net earnings of $8.2 million, and had operating cash flow of $27.3 million. At the end of 2014, Richmont had total proven and probable gold reserves of 217,950 ounces at an average grade of 6.43 g/t.
Richmont Mines provides a summary of its Island Gold Mine, including highlights from 2014 and plans for 2015. In 2014, exploration drilling indicated potential to extend the mine at depth and infrastructure development advanced significantly. Estimated reserves were also established below -400 meters. For 2015, Richmont plans a significant $48 million investment at Island Gold, including $29 million for project and exploration costs, to transform the mine into a long-life, high-production, low-cost operation.
The document summarizes Richmont Mines' second quarter 2015 results. Key points include:
- Gold production of 26,314 ounces for Q2 2015 and 52,173 ounces for the first half of 2015.
- Cash costs of $974/oz for Q2 2015 and $976/oz for the first half of 2015.
- Focus on developing the Island Gold mine, including $48.3 million planned for 2015 for development, drilling and studies to expand resources and reserves.
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2. www.richmont-mines.com 2RIC: TSX NYSE
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning
Resource Estimates
This presentation contains forward-looking statements that include risks and uncertainties. When used in this presentation, the words
“estimate”, “projects”, “anticipate”, “expects”, “intend”, “believe”, “hope”, “may”, and similar expressions, as well as “will”, “shall”, and other
indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations
and apply only as of the date on which they were made. Except as required by law or regulation, Richmont undertakes no obligation and disclaims
any responsibility to publicly update or revise any forward-looking statements of information, whether as a result of new information, future events
or otherwise. 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 Annual Information Form and other public disclosure.
The resource estimates in this presentation were prepared in accordance with National Instrument 43-101 Standards of Disclosure of Mineral
Projects (“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.
For additional information regarding the Mineral Reserves and Resources referred to in this presentation, please refer to the technical report
entitled “Amended Technical Report on the Mineral Reserve and Mineral Resource Estimates as of Dec. 31, 2015 for the Island Gold Mine” dated
April 5, 2016 and effective as of Dec. 31, 2015.
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
RICHMONT MINES OVERVIEW
Quality Asset Base in Canada
Best in Class; Low Cost Producer
Growing Production Profile
Decreasing Cost Structure
Significant Exploration Potential
Maximizing Per Share Valuation
Growing Cash Flow Streams
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (63M)
Position assets to operate
in a low gold price environment.
Multiple years of pre-developed
ore available for processing
utilizing existing infrastructure.
RISK MANAGEMENT APPROACH
4. www.richmont-mines.com 4RIC: TSX NYSE
CAPITAL STRUCTURE
Capital Structure
Issued & Outstanding Shares 63.1M
Fully Diluted 66.0M
Cash(1) C$75M
Total Debt(2) C$12.7M
Ticker RIC:TSX–NYSE
Market Capital (Jan. 13/17) C$623M
C$75M
(US$58M)*
CASH(1)
C$12.7M
(US$9.8M)*
DEBT(2)
RIC
(as of January 13, 2017)
TSX
C$
NYSE
US$
Closing price $9.88 $7.55
52-week range $4.39-$15.01 $3.01-$11.66
Market Cap (M’s) $623M $476M
90-day daily trading avg. 377,449 707,299
Strong cash position supports fully
funded strategic organic growth plan(1) As of Dec. 31, 2016.
(2) As of Sept. 30, 2016; comprised mostly of mobile equipment capital leases.
Analyst Coverage
BMO Capital Markets Brian Quast
Canaccord Genuity Rahul Paul
CIBC Jeff Killeen
Cormark Securities Richard Gray
Desjardins Capital Mike Parkin
Haywood Securities Kerry Smith
Mackie Research Ryan Hanley
Macquarie Capital Markets Michael Gray
National Bank Financial -
Paradigm Capital Don Blyth
PI Financial Brian Szeto
Scotia Capital Craig Johnston
TD Securities Daniel Earle
* Using a C$:US$ exchange rate of 1.30
5. www.richmont-mines.com 5RIC: TSX NYSE
Operational Highlights
Company-wide record production; achieved high end of positively revised guidance
Company-wide cash costs of $908; within reduced guidance
Island Gold exceeded revised guidance for 2016; 51% production increase over 2015
Expansion Case PEA (Q2 2017); 900tpd vs. 1,100 tpd fully permitted Expansion Case
Increased productivity and grade at Beaufor in Q4; repositioning the mine in 2017
OPERATIONALHIGHLIGHTS
(1) Refer to the Non-IFRS performance measures contained in the Q3 2016 MD&A.
(2) Revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.
(3) Includes 1,165 gold ounces produced from the Monique Mine in January 2016
(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation
(2) No changes to Mineral Reserves were made at the Corporation’s other properties.
Q4 2016
Full-Year
2016
Revised 2016
Guidance
Gold produced (oz) 29,505 104,050(3) 98,000-106,000(3)
Cash cost per oz. (C$)(1) $952 $908 $885-$945
AISC per oz. (C$)(1) - - $1,230-$1,335
Cash cost per oz. (US$)(1)(2) $714 $685 $675-$720
AISC per oz. (US$)(1)(2) - - $935-$1,015
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31, 2015 Gold ounces Gold g/t
Island Gold Proven & Probable
above ~400m 76,700 6.91
below ~400m 485,000 8.52
Island Gold Proven & Probable 561,700 8.26
Beaufor Proven & Probable 63,850 6.57
Total Proven & Probable 625,550 8.05
6. www.richmont-mines.com 6RIC: TSX NYSE
ISLAND GOLD MINE:
CANADIAN HIGH-GRADE UNDERGROUND MINE
Strong production; 51% increase over 2015
Decreasing costs; 24% reduction over 2015
Growth opportunities; 1,100 tpd PEA under review
Increasing reserves profile at higher grades
Exploration potential laterally and at depth
146% PRODUCTION INCREASE SINCE 2013
(1) Refer to the Non-IFRS performance measures contained in the Q3 2016 MD&A.
(2) The revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.
Q4
2016
Full-Year
2016
Revised
2016
Guidance
Gold Production (oz) 24,086 83,323 75,000-80,000
Cash costs/oz (C$)(1) $826 $779 $800-$840
AISC per oz. (C$)(1) - - $1,040-$1,110
Cash costs/oz (US$)(1)(2) $619 $587 $610-$640
AISC per oz. (US$)(1)(2) - - $795-$845
Capital and Exploration
9 Months
2016
Revised
2016
Guidance
Sustaining Capital (C$M) $15.3 $18.9
Project Capital (C$M) $28.4 $46.1
Exploration (C$M) $10.9 $16.0
Island Gold Q1 Q2 Q3 Q4
Full-Year
2016
Underground (tpd) 853 911 890(1) 977 909(1)
Development to stope
ratio (%)
55/45 48/52 44/56 44/56 48/52
Mill (tpd) 834 878 878(1) 903 873(1)
Head grade (g/t) 11.31 7.51 7.70 9.31 9.02
Recoveries (%) 96.3 96.5 96.4 96.9 96.5
(1) Excludes a 16-day underground mine shutdown and a 25-day mill shutdown in Q3 2016.
7. www.richmont-mines.com 7RIC: TSX NYSE
ISLAND GOLD MINE:
POSITIONING FOR GROWTH
Positioning the mine for annual production
rate of +100k ounces
Decreasing costs profile
Increasing reserves at higher grades
+4 years of mine life pre-developed
Island Gold Production Upside
(1) Estimated production based on Base Case and Expansion Case scenarios outlined in Nov. 1, 2016 Press
Release and using 2016 average grade of 9.02 g/t.
Underground Mine Productivity
$0
$200
$400
$600
$800
$1,000
$1,200
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
2014 2015 2016 Base Case
900tpd (1)
Exp. Case
1100tpd (1)
CashCosts(C$)
AnnualGoldProduction(oz)
Annual Gold Production (oz) Cash Costs (C$)
0.00
2.00
4.00
6.00
8.00
10.00
12.00
0
200
400
600
800
1,000
1,200
Gramspertonne
Tonnesperday
Underground tpd Head Grade (g/t)
0.00
2.00
4.00
6.00
8.00
10.00
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2014 2015 LoM Target
Gramspertonne
Goldounces
Gold Reserves (oz) Head Grade (g/t)
Reserves Growth
(1) 2015 productivity excludes a 3 week mine shutdown and a 2 week mill shutdown in the fourth quarter.
(2) Q3 2016 productivity excludes 16-day electrical upgrade shutdown of the underground mine
8. www.richmont-mines.com 8RIC: TSX NYSE
POSITIVE GRADE ADJUSTMENT UPSIDE:
December 31, 2016 Reserve Estimates – Early Feb 2017
2016 Reserve Reconciliation
Reserves (as of Dec 31, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces
Tonnes Grade Ounces
Total Development Q4 40,905 6.53 8,585 39,238 9.29 11,715 96% 142% 136%
Total Stope Q4 50,897 9.17 15,012 50,643 8.47 13,797 100% 92% 92%
Total U/G Q4 91,802 8.00 23,598 89,881 8.83 25,512 98% 110% 108%
Positive grade reconciliation in 2016 versus December 31, 2015 reserve model
Potential capping adjustment for December 31, 2016 resources from current 95 g/t gold
Ellipsoid search adjustments on high grade zones for December 31, 2016 resources
Dilution parameter adjustments for December 31, 2016 reserves
Approximately 50,000 meters of delineation drilling and 3,400 meters of ore development
drift information added to the database in 2016
Reserves (as of Dec 31, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces
Tonnes Grade Ounces
Total Development 2016 154,305 6.39 31,679 151,760 8.50 41,471 98% 133% 131%
Total Stope 2016 152,437 8.08 39,608 166,285 8.83 47,225 109% 109% 119%
Total U/G 2016 306,741 7.23 71,288 318,045 8.67 88,695 104% 120% 124%
Q4 Reserve Reconciliation
The reconciliation for 2016 is based on mining in the first three horizons only, and should not be extrapolated to the fourth mining horizon.
9. www.richmont-mines.com 9RIC: TSX NYSE
ISLAND GOLD:
POSITIONING THE MINE FOR GROWTH
First Mining Horizon
Tonnes Grade (g/t) Ounces
P&P 433,681 6.30 87,786
Third Mining Horizon
Tonnes Grade (g/t) Ounces
P&P 616,039 10.59 209,705
Inferred 342,967 11.18 123,167
Second Mining Horizon
Tonnes Grade (g/t) Ounces
P&P 566,272 8.57 156,048
Fourth Mining Horizon
Tonnes Grade (g/t) Ounces
Inferred 665,957 8.80 188,403
2016 Q4:
• Long-hole stoping in
2nd Horizon initiated
• Ore development in
higher grade 3rd
Horizon initiated
2017 Q1:
• Complete 860m level
Eastern Ramp
development
2018:
• Q1: Complete 860m
level Western Ramp
development
• Q3: multiple long-hole
stopes available
• Increase mining rate
once ramp development
completed
2019/2020:
• Development and
mining of 4th Horizon
initiated on a sustaining
basis
10. www.richmont-mines.com 10RIC: TSX NYSE
ISLAND GOLD: GROWTH OPPORTUNITIES
• Expanded resource area east-west of main reserve area (most contiguous portion)
• Mining from a depth of 450 to 1,000 metres over 4 mining horizons
• Optimal mining rate while maintaining minimum mine life of +7 years
• Base Case of 900 tpd increasing to Expansion Case 1,100 tpd utilizing existing ramp system
• Incorporation of December 31, 2016 Reserve and Resource estimates, that will consider:
• New modeling parameters (capping, ellipsoid searches and dilutions)
• 2016 delineation drilling and ore development drifting
• New Life of Mine (LoM) and operating costs and capital estimates
• Minimal capital requirements for mine and mill expansion; fully funded internally
• Maximum mining capacity without new infrastructure
• Increased milling capacity to 1,200 tpd would allow future growth at minimal cost (~C$15M)
Expansion Case PEA (Q2 2017)
11. www.richmont-mines.com 11
W E
GOUDREAULOCHALSH ISLAND EXT1 EXT2
- 1,000 m
- 500 m
Crown pillar
340 m Level
190 m Level
Surface
200 m
Dyke
Dyke
- 1,500 m
H2 2016
EXPLORATION
DRILLING 6,000 m
H2 2016 DEEP
INFILL DRILLING
5,000 m
TOTAL PHASE 2
DEEP DRILLING
(80,000 m)
TOTAL ESTIMATED PHASE 2
18-24 month of approx. 144,000 m drilling
H2 2016
NEAR-MINE
DRILLING
22,000 m
Legend
Drillhole Intersection
Au (cut 95 g/t)Proven Reserves( 2015/12/31)
Probable Reserves (2015/12/31)
Indicated Resources (2015/12/31)
Inferred Resources (2015/12/31)
Ramp and Actual Development
Mined Out
> 30
8.0 to 30.0
4.0 to 8.0
< 4.0
H2 2016
DEEP
DIRECTIONAL
DRILLING
22,000 m
620 m Level
Exploration Drift
Drillhole trace
H2 2016
INFILL DRILLING
3,000 m
TOTAL PHASE 2
EASTERN LATERAL
DRILLING
(42,000 m)
GD-586-02A
10.41/2.06
MH2A-5A
14.99/2.29
MH3-7
8.41/5.60
MH1-1
20.38/2.31
MH2A
18.03/5.7
MH1-7
9.11/4.12
MH3-6
12.49/2.19
MH1-6
18.63/6.60
MH1-5
11.72/4.8
MH3-2
8.70/11.93
620-556-04
21.0/2.78
GD-630-01
31.19/3.43
GD-590-02
33.32/2.6
GD-590-05
10.55/2.46
GD-630-02
11.9/0.6
340-588-01
9.99/6.65
340-580-11
15.27/1.64
GD-586-01
4.02/3.56
GD-620-01
24.57/1.26
ISLAND GOLD EXPLORATION POTENTIAL:
UNLOCKING THE NEXT MILLION OUNCES
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BEAUFOR MINE: OVERVIEW
Q4
2016
Full-Year
2016
Revised
2016 Guidance
Gold Production (oz) 5,419 20,727(1) 23,000-26,000(1)
Cash costs/oz (C$)(2) $1,480 $1,429(3) $1,150-$1,300(3)
AISC per oz. (C$)(2) - - $1,420-$1,610(3)
Cash costs/oz (US$)(2)(4) $1,110 $1,079(3) $875-$1,000(3)
AISC per oz. (US$)(2)(4) - - $1,080-$1,235(3)
Capital and Exploration 9 Months 2016
Revised 2016
Guidance
Sustaining Capital (C$M) $5.6 $7.0
2015 Reserves and Resources Gold Ounces Grade g/t
Reserves (oz)(5)/Grade (g/t) 63,850 6.57
M&I (oz)(5) /Grade (g/t) 171,900 6.34
Inferred (oz)(5)/Grade (g/t) 28,000 6.44
1) Includes 1,165 ounces
produced from the
Monique Mine in
January 2016.
2) Refer to the Non-IFRS
performance measures
contained in the Q3
2016 MD&A.
3) Includes cash costs
from the Beaufor and
Monique mines.
4) An exchange rate of
1.36 Canadian dollars
to 1.0 US dollar was
used for the original
2016 guidance issued
on Feb. 11, 2016. The
revised guidance
assumes an exchange
rate of 1.33 for January
to June and 1.30 for
July to December.
5) Refer to full 2015
Reserve and Resource
information at the end
of this presentation.
Underground productivity increased
over prior 2 quarters
Gold production and grade increased
over prior 2 quarters
Continue to increase mining in higher
grade Q Zone in 2017
Camflo Mill: capacity of 1,200 tpd
provides toll milling opportunities
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WELL POSITIONED FOR SUSTAINABLE GROWTH
Beaufor Mine Q ZoneIsland Gold Mine Core
Quality Asset Base in Canada
Best in Class; Low Cost Producer
Growing Production Profile
Decreasing Cost Structure
Significant Exploration Potential
Maximizing Per Share Valuation
Growing Cash Flow Streams
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (63M)
16. www.richmont-mines.com 16RIC: TSX NYSE
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
17. www.richmont-mines.com 17RIC: TSX NYSE
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
18. www.richmont-mines.com 18
2016 REVISED OPERATIONAL ESTIMATES
2016 Production and Cost Guidance
2016 Capital Investment Guidance
Revised 2016 Operational Estimates
Island Gold
Revised 2016 Guidance
Beaufor Revised
2016 Guidance
Original 2016 Guidance
Revised 2016
Guidance
Gold Ounces Produced(1) 75,000 - 80,000 23,000 - 26,000 87,000 – 97,000 98,000 – 106,000
Cash Costs per Ounce (CAD$)(2) $800 - $840 $1,150 - $1,300 $930 - $1,000 $885 - $945
Sustaining Capital per Ounce (CAD$) $240 - $270 $270 - $310 $250 - $280 $250 - $280
Corporate G&A per Ounce (CAD$) - - $95 - $110 $95 - $110
All-in Sustaining Costs per Ounce (CAD$)(2) $1,040 - $1,110 $1,420 - $1,610 $1,275 - $1,390 $1,230 - $1,335
Cash Costs per Ounce (US$)(2)(3) $610 - $640 $875 - $1,000 $680 - $730 $675 - $720
Sustaining Capital per Ounce (US$)(3) $185 - $205 $205 - $235 $185 - $205 $185 - $205
Corporate G&A per Ounce (US$)(3) - - $70 - $80 $75 - $90
All-in Sustaining Costs per Ounce (US$)(2)(3) $795 - $845 $1,080 - $1,235 $935 - $1,015 $935 - $1,015
Revised 2016 Capital and Exploration ($M)
Island Gold
Revised 2016 Guidance
Beaufor Revised
2016 Guidance
Original 2016 Guidance
Revised 2016
Guidance
Sustaining Capital (CAD$) $18.9 $7.0 $24.1 $25.9
Project Capital (CAD$) $46.1 - $43.4 $46.1
Exploration (CAD$) $16.0 $1.1 $15.5 $17.1
Sustaining Capital (US$)(3) $14.4 $5.3 $17.7 $19.7
Project Capital (US$)(3) $35.2 - $31.8 $35.2
Exploration (US$)(3) $12.2 $0.8 $11.4 $13.1
(1) Revised guidance estimates include 1,165 ounces produced from the Monique Mine in Q1 2016, which were not included in original guidance.
(2) Cash cost and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the second quarter MD&A.
(3) An exchange rate of 1.36 Canadian dollars to 1.0 US dollar was used for the original 2016 guidance issued on Feb. 11, 2016. The revised guidance assumes an exchange rate of 1.33 for January to June and
1.30 for July to December.
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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%
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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
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TOP INSTITUTIONAL SHAREHOLDERS
Firm Name % O/S Shares Held City
Van Eck Associates Corporation 10.07 6,338,410 New York
RBC Global Asset Management Inc. 6.11 3,850,000 Toronto
Renaissance Technologies LLC 5.87 3,694,100 New York
Connor, Clark & Lunn Investment Management Ltd. 5.04 3,174,464 Vancouver
1832 Asset Management L.P. 4.16 2,616,900 Toronto
Sprott Asset Management LP 3.64 2,294,591 Toronto
OppenheimerFunds, Inc. 2.47 1,555,000 New York
Mackenzie Financial Corporation 2.38 1,497,000 Toronto
Arrowstreet Capital, Limited Partnership 2.26 1,425,419 Boston
Manulife Asset Management Limited 1.99 1,250,000 Toronto
Sentry Investments Inc. 1.95 1,230,900 Toronto
CIBC Asset Management Inc. 1.75 1,100,000 Montreal
Montrusco Bolton Investments Inc. 1.66 1,043,469 Montreal
Fonds de Solidarité FTQ 1.57 985,600 Montreal
BMO Asset Management Inc. 1.52 956,300 Toronto
Tocqueville Asset Management LP 1.50 942,500 New York
Eterna Investment Management Inc. 1.41 888,600 Quebec City
BlackRock Asset Management Canada Limited 1.39 875,000 Toronto
O'Shaughnessy Asset Management, LLC 1.31 825,579 Stamford
Ruffer LLP 1.27 800,000 London
BlackRock Institutional Trust Company, N.A. 1.19 750,000 San Francisco
Spark Investment Management LLC 1.18 743,200 New York
Gabelli Funds, LLC 1.14 720,000 Rye
Greystone Managed Investments Inc. 1.09 687,970 Regina
Dimensional Fund Advisors, L.P. 1.07 675,000 Austin
As of Jan.13, 2017. Source: Nasdaq IR Insight
22. www.richmont-mines.com 22
2000 100
meters
14000mE
4400m
4900m
3900m
ISLAND GOLD MINE
C Zone – Gold Metal factor (grade x true width) as of July 6, 2016
W E
GOUDREAULOCHALSH ISLAND EXT1 EXT2
- 1,000 m
- 500 m
Crown pillar
- 1,500 m
15,000mE
16,000mE
620 m Level
Exploration drift
14,000mE
Surface
200 m
Cut off
(4.0g/t Au / 2.0m)
327
60
30
15
7.5
0
Au Metal Factor
Grade (Au g/t, cut 95g) x true width (m)
GD-620-01
24.57/1.26
GD-14-01C
19.87/3.93
MH1-1
20.38/2.31
MH3-2
8.70/11.93
GD-630-01
31.19/3.43
740 m Level drift
GD-590-05
10.55/2.46
620-556-04
21.0/2.78
MH3-6
12.49/2.19
MH1-6
18.63/6.60
MH1-7
9.11/4.12
MH1-5
11.72/4.8
MH2A
18.03/5.7
340-588-01
9.99/6.65
340-580-11
15.27/1.64
MH3-5
6.03/7.07
340-588-07
4.39/5.34
340-580-09
5.47/9.00
GD-590-02
33.32/2.6
190 m Level
340 m Level
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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.
34. www.richmont-mines.com 34RIC: TSX NYSE
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.