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 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 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.
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 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 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.
- 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 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.
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., 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 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.
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 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 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.
- 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 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.
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.
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 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 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 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.
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 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.
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.
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 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 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.
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.
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.
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.
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.
- 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.
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.
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.
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' 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.
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.
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.
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 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 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 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 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.
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 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.
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.
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 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 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.
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.
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.
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.
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.
- 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.
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.
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.
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' 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.
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.
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.
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 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.
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 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.
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 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 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 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 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.
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.
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.
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
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.
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 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. An expansion to 1,150 tpd is being considered.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000
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.
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.
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 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.
This document provides information about Richmont Mines Inc. for investors attending the Denver Gold Forum from September 20-23, 2015. It summarizes Richmont's Island Gold Mine project in Ontario, Canada, which is undergoing significant investment in 2015 to develop deeper resources and extend mine life. In the first half of 2015, Island Gold achieved record quarterly gold production and sales. Richmont forecasts 2015 gold sales of 45,000-50,000 ounces and is repositioning Island Gold to unlock its potential as a long-life, high-grade 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.
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.
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.
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 annual meeting on May 8, 2014. It produced 63,443 ounces of gold in 2013 at an average cash cost of $1,095 per ounce. As of December 31, 2013, it had proven and probable reserves of 218,172 ounces of gold and measured, indicated, and inferred resources totaling over 2.8 million ounces. The company forecasts total gold production in 2014 of 70,000 to 80,000 ounces from its operations in Quebec and Ontario.
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.
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.
Richmont Mines Inc. holds the Island Gold Mine in Ontario, Canada. In Q1 2013, an Inferred Mineral Resource of 508,000 ounces of gold grading 10.73 g/t was established at the Island Gold Deep C Zone. Recent drilling results at depth continue to intersect high gold grades. The company plans a $17 million investment in 2013 to further explore and define resources at Island Gold Deep, with the objectives of building reserves over 500,000 ounces and total resources over 1,000,000 ounces through drilling.
The document provides safety guidelines for an analyst site tour of Island Gold Mine. It outlines personal protective equipment requirements and safety procedures both on the surface and underground, including tagging in/out, using three points of contact, and staying with the group. It also notes emergency procedures and medical assistance availability.
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.
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.
Richmont Mines provides an investor presentation reviewing its Q4 and full year 2013 results. It produced 63,443 ounces of gold in 2013 and aims to produce between 70,000 to 80,000 ounces in 2014. Key assets include the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine in Quebec. Island Gold produced 35,113 ounces in 2013 and the presentation provides details on exploration and development plans to expand resources at Island Gold Deep.
Richmont Mines provides an investor presentation reviewing its Q4 and full year 2013 results. It produced 63,443 ounces of gold in 2013 and aims to produce between 70,000 to 80,000 ounces in 2014. Key assets include the Island Gold Mine in Ontario and the Beaufor Mine and Monique Mine in Quebec. Island Gold produced 35,113 ounces in 2013 and the presentation provides details on exploration and development plans to expand resources at Island Gold Deep.
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 what to do in case of emergency. Underground safety requirements are also listed, such as tagging in/out and using three points of contact when entering/exiting vehicles. Medical assistance is available on site.
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.
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 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.
Similar to 2015 Guidance and Transformational Budget Presentation (19)
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2. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
2
2
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 Regulation 43-101 adopted
by the Canadian Securities Administrators. The requirements of Regulation 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 in Canada, the SEC does not recognize them. The SEC permits U.S. mining companies, 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”. Further, “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 higher 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.
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
3. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
3
Corporate Overview
TSX - NYSE MKT: RIC 3
RIC: (Jan. 13, 2015) TSX +(CAN$)
NYSE MKT (US$)
Closing Price $3.96 $3.29
52-week trading range $1.21 - $4.39 $1.11 - $3.67
Market capitalization $190 million $158 million
Average 3 month daily trading volume (shares) ~ 165,700 ~ 364,900
Cash & Term Deposits &GIC (Dec 31, 2014) ~$35 million
Long-term Debt (Dec 31, 2014) <$6 million
Current Enterprise Value $161 million
9 Month 2014 Operating Cash Flow $0.55 / share
9 Month 2014 Net Free Cash Flow1
$0.13 / share
Shares outstanding (millions) 47.9
Management and Director Ownership (%) ~11%
Number of employees (September 30, 2014) 385
Copyright 2015 by Richmont Mines
(1) Calculated as operating cash flows less capital expenditures divided by shares outstanding.
4. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
4
Highlights
Transformational, Low Risk Asset Being Developed in Ontario
1.1 million ounce global resource below operating Island Gold Mine, grade
of 9.6 g/t Au
Track Record of Sustainable Gold Production
1.5+ million Au ounces produced over 20+ years
2014: 94,503 Au ounces sold
2015 forecast: 78,000–88,000 Au ounces (with open-pit Monique Mine
contribution lower year-over-year due to planned end of mining)
Quality Asset Base & Strong Balance Sheet
Operating mines in low-risk jurisdictions: Ontario and Quebec
~$35 million of cash & term deposits, debt < $6 million, at Dec. 31, 2014
47.9 million shares on TSX - NYSE MKT
Copyright 2015 by Richmont Mines 4TSX - NYSE MKT: RIC
5. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
5
2015 Guidance & Budget
Copyright 2015 by Richmont Mines 5TSX - NYSE MKT: RIC
GOLD SALES (OUNCES) SUSTAINING CAPITAL EXPENDITURES (CAN$ M)
2014 – Actual 94,503 Fixed assets/equipment $13.7
2015 – Forecasted 78,000 – 88,000 Delineation drilling $0.7
Mine development $12.5
COST/OUNCE (CAN$) Total Sustaining Capex $26.9
Cash cost $935 - $1,035
2015 Sustaining Capex $305 - $345 PROJECT & EXPLORATION COSTS (CAN$ M)
Reclam. & remed. – Quebec $10 - $15 Total exploration – Quebec $1.8
Corporate G&A $85 - $95 Exploration - Island Gold $5.2
AISC (1)/oz $1,335 - $1,490 Fixed assets/equipment $1.8
Acc. mine development - Island Gold(3) $17.4
Cash cost/oz (US$) (2) $850 - $940 Acc. delineation drilling - Island Gold $2.2
AISC/oz (US$) (2) $1,215 - $1,355 Mining & milling studies - Island Gold $1.0
Total Project & Exploration Costs $29.4
(1) AISC = All-In-Sustaining-Cost, a non GAAP measure. (2) Assuming exchange rate of CAN$1.00 = US$0.91
(US$1.00 = CAN$1.10). (3) Includes cost of the exploration drift and some exploration drilling.
6. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
6
TSX - NYSE MKT: RIC 6
Current Operations
Island Gold Mine
2014: 42,079 Au ozs sold
2015F: ~ 45,000-50,000 Au ozs
On-site 850 tpd mill
Copyright 2015 by Richmont Mines
Wawa Area
Val-d’Or Area
Beaufor Mine Property Monique Mine
2014: 52,425 Au ozs sold (1)
2015F: ~ 33,000 - 37,000 Au ozs
1,200 Tpd Camflo Mill (50 km away)
Ontario Quebec
(1) Includes 4,929
ounces of gold
sold from the
W Zone.
7. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
7
Island Gold New Discovery
A “Game-Changer”
TSX - NYSE MKT: RIC 7Copyright 2015 by Richmont Mines
Upper Mine New Zone
Gold grade (average) 5.7 g/t Au 9.6 g/t Au
Zone width (average) 2.7 metres 4.5 metres
Structural Alteration Corridor 50 metres 100 metres
1.1 million ounce high-grade global resource immediately below fully
permitted, staffed and operating Island Gold Mine in Ontario
Indicated resource: 455,000 tonnes @ 11.52 g/t , 169,000 Au ozs
Inferred resources: 3.2 M tonnes @ 9.29 g/t, 955,000 Au ozs
Ramp access and initial development already achieved, with ~30% of the
tonnes milled in 2015 expected to originate from stopes in deeper zone
2015 accelerated development positioning mine to be a longer-life, lower-
cost operation with higher annual production levels
Capacity of on-site 850 tpd CIP mill can be increased
Deposit open at depth and along strike in both directions
9. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
9
2015 Island Gold Budget
Copyright 2015 by Richmont Mines 9TSX - NYSE MKT: RIC
GOLD SOLD (OUNCES) SUSTAINING CAPITAL EXPENDITURES (CAN$M)
2014 – Actual 42,079 Fixed assets/equipment $10.7
2015 – Forecasted 45,000 – 50,000 Delineation drilling (11,125 m) $0.7
Mine Development $9.3
COST / OUNCE (CAN$) Total Sustaining Capex $20.7
Cash cost/oz $935 - $1,035 PROJECT & EXPLORATION COSTS (CAN$M)
2015 Sustaining Capex $415 - $460 Underground Exploration (41,000 m) $3.2
AISC(1)/oz $1,350 - $1,495 Surface Exploration (20,000 m) $2.0
Fixed assets/equipment $1.8
Cash cost/oz (US$) (2) $850 - $940 Accelerated Mine Development work(3) $17.4
AISC(1)/oz (US$)(2) $1, 230 - $1,360 Acc. Delineation Drilling (33,375 m) $2.2
Mining & Milling Studies $1.0
Total Project & Exploration Costs $27.6
(1) AISC = All-In-Sustaining-Cost, a non GAAP measure.
(2) Assuming exchange rate of CAN$1.00 = US$0.91 (US$1.00 = CAN$1.10).
(3) Includes cost of exploration drift on 620 m level of the mine, and some exploration drilling.
10. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
10
TSX - NYSE MKT: RIC 10
Island Gold Mine
Location Map
Lake Superior
Marathon
White River
17
25 km
Proterozoic Plutonic and Volcanic Rocks
Archean Granitoid Plutons
Archean Metasedimentary Terranes
Archean Greenstone Terranes
Fault
Past Gold Producer
Gold Producer
HEMLO
ISLAND GOLD
MINE
RENABIE
EDWARDS
EAGLE RIVER
MISHI
Copyright 2015 by Richmont Mines
Argonaut – Magino
(~5.2 m ozs @1.03 g/t)
MAGINO
11. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
11
Stoc
kpile
s
Stora
ge
Scra
p
Island Gold Mine
Site Map and Infrastructure
Tailing
pond
Portal Main
Ramp
Mill
ISLAND GOLD MINE
Lochalsh Zone
Office
Core Shack
Waste pad
Argonaut
Richmont / Argonaut
0.5 km
KREMZAR MINE
306,000 T at 4.8 g/t Au
47,000 Au ozs
MAGINO OPEN PIT (resource)
~130 MT at 1.03 g/t Au
5.2 million Au ozs
TSX - NYSE MKT: RIC 11Copyright 2015 by Richmont Mines
Goudreau Zone
MAGINO MINE
803,000 T at 4.4 g/t Au
114,000 Au ozs
12. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
12
Island Gold Mine
Longitudinal Section
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
Island Deep 1.1 million ounce resource
(at Dec. 31/13)
Indicated 456,000 t at 11.52 g/t Au 169,000 ozs
Inferred 3,200,000 t at 9.29 g/t Au 955,000 ozs
Open
Open
Production to Date (above 400 m)
303,000 ozs of gold, avg. 5.7 g/t Au
Reserves & Resources (at Dec. 31/13)
Proven & Probable: 143,506 ozs @ 6.09 g/t
Measured & Indicated: 64,433 ozs @ 7.06 g/t
Inferred resources: 82,744 ozs @ 7.09 g/t
• Significant number of > 12 g/t Au intersections over min 2.0 m
• Open along strike in both directions and at depth
Open
TSX - NYSE MKT: RIC 12Copyright 2015 by Richmont Mines
Drillhole Intersections > 12g/t Au
(cut 95g minimum 2 m true width)
Drillhole Intersections
Reserves / Resources
Mined Out
Actual Ramp and Drifts
Interpreted Axis of Plunge
13. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
13
TSX - NYSE MKT: RIC 13Copyright 2015 by Richmont Mines
Island Gold Mine
Goals for 2015
Accelerate development & commence mining in new zone
Extend main ramp to minimum 750 m depth
Lengthen secondary ramp to a minimum 570 m depth
Build out underground infrastructure
Prepare stopes & commence mining
Upgrade inferred resources to reserves through infill drilling;
Expand resource and determine deposit size to optimize long-
term mine plan through additional exploration drilling;
Continue to build up strong team at mine site to manage and
deliver on development goals & production expansion;
Expand/upgrade equipment and infrastructure at mine site, as
needed, to support expanded production.
14. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
14
TSX - NYSE MKT: RIC 14
Total 2015 Capex of $48.3 M
Includes $27.6 M of project and exploration costs:
41,000 metres of underground exploration drilling $3.2 million
20,000 metres of surface exploration drilling $2.0 million
Fixed assets $1.8 million
Acc. mine development work * $17.4 million
Acc. delineation drilling $2.2 million
Mining & milling studies $1.0 million
TOTAL: $27.6 million
Our objective: to transform Island Gold into a long-life, high production
and low cost operation, able to potentially deliver years of industry-
leading high-quality growth from a mining-friendly and safe jurisdiction.
Copyright 2015 by Richmont Mines
Island Gold Mine
Transformational Development Plans in 2015
* Includes 620 m level exploration drift, and some exploration drilling.
15. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
15
TSX - NYSE MKT: RIC 15
Contractor hired in November 2014 to:
Extend ramp from current 650 m depth, to min. depth of 750 m in 2015
Advance secondary (east) ramp from 440 m to min. 570 m depth in 2015
Complete 600 m exploration drift to the east on 620 m level for
definition, delineation & exploration drilling in the eastern portion of the
resource
59,000 m definition/delineation drilling
To define and delineate resource between -500 m and -1,000 m
61,000 m of exploration drilling
41,000 m (underground drilling) to test eastern down-plunge between
depths of 500 m and 1,000 m
20,000 m (surface drilling) to test areas closer to surface toward the
western property boundary and to the east of the existing surface
Copyright 2015 by Richmont Mines
Island Gold Mine
Focus on Accelerated Growth
16. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
16
Island Gold Mine
New Zone - Higher Grades and Widths
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Cut off
(3.75 g/t Au / 2.0 m)
Interpreted Axis of Plunge
327
30
20
10
5
0
TSX - NYSE MKT: RIC 16Copyright 2015 by Richmont Mines
Metal Factor
Grade (g/t Au) x true width (metres)
Average mining grade
(5.84 g/t Au / 2.4 m)
Strong positive reconciliation
in early sill sampling
1. 535 Level : 12.68 g/t Au / 2.51m along 120 m
2. 560 Level : 12.73 g/t Au / 2.92m along 92 m
3. 585 Level : 6.89 g/t Au / 2.91m along 125 m
17. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
17
Island Gold Mine
2015 Mining Plan
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Ramp (from 650 to 750m) 1,261 m
Ore Sill 1,495 m
620m Exploration Drift 450 m
West Dev. (-400 m) East Dev. (-400 m)
Mined out
Reserves – Resources 31/12/2013
Actual Ramp and Drifts
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
2015 Stoping
Ramp (from 450 to 570m) 1,604 m
Ore Sill 1,472 m
17
18. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
18
Island Gold Mine
2015 Planned Definition & Delineation Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Delineation 44,500m
Definition 14,500m
2015 Planned drilling
2015 Planned Ramp and drifts Development
Conceptuel Development
2015 Planned Ore Development
2015 Stoping
Mined out
Reserves – Resources 31/12/2013
Actual Ramp and Drifts
18
19. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
19
Island Gold Mine
2015 Planned Exploration Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Underground exploration 41,000 m
Surface exploration 20,000 m
2015 Planned drilling
Mined out
Reserves – Resources
31/12/2013
Actual Ramp and Drifts
400-528-09
7.44 / 8.49
400-528-10
4.44 / 6.07400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
2015 Exploration drift
19
20. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
20
Relative Grade
Among Highest Grades in Peer Group
TSX - NYSE MKT: RIC 20Copyright 2015 by Richmont Mines
(1) Source: Company reports
0 2 4 6 8 10 12 14 16 18 20
Holloway Mine (St. Andrew Goldfields)
Timmins West Mine (Lakeshore)
Bell Creek Mine (Lakeshore)
Casa Berardi (Hecla)
Seabee Gold (Claude)
Rice Lake Mine (San Gold)
Lapa (Agnico Eagle)
Island Gold (Richmont)
Beaufor Mine (Richmont)
Eagle River (Wesdome)
Island Deep (Richmont)*
Macassa (Kirkland Lake)
Reserve Grade1 (g/t gold)
* Indicated Resource
21. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
21
TSX - NYSE MKT: RIC 21Copyright 2015 by Richmont Mines
Island Gold Mine
Developing for the Future
• Ramp access
• Initiated development
• New equipment
purchased
• Efficiency consultant
• Lowered costs
• Increased production
2014
2015 Goals
• Extend main ramp to
minimum 750 m depth
• Extend 2nd ramp to
minimum 570 m depth
• Build out underground
infrastructure
• Start mining in new zone
• Upgrade inferred
resources (infill drilling)
• Increase resource base
L-T Objectives
• Increase R & R base
• Expand free cash flow
visibility
• Create longer-life,
multi-million ounce,
higher production and
lower cost gold mine
within a mining friendly
and safe jurisdiction.
22. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
22
TSX - NYSE MKT: RIC 22Copyright 2015 by Richmont Mines
Quebec Assets
Beaufor Mine, Monique Mine & Camflo Mill
Camflo Mill
Quebec Assets:
2014 gold sales : 52,425 ounces
2015 forecasted gold sales: 33,000 – 37,000 ounces
Operations strategically located near infrastructure
50 km from Camflo Mill & 25 km from Val-d’Or, QC
Objective: maintain free cash flow positive status
Beaufor Mine:
High-grade underground mine in production
since 1996 (500,000+ Au ozs produced)
First 9 months of 2014: cash cost/oz US$868
Monique Mine:
Small open-pit with a planned short mine life
Mining will end Feb/15, stockpile will be milled
through 2015
First 9 months of 2014: cash cost/oz US$953
23. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
23
2015 Quebec Budget
Copyright 2015 by Richmont Mines 23TSX - NYSE MKT: RIC
GOLD SALES (OUNCES) SUSTAINING CAPITAL EXPENDITURES (CAN$ M)
2014 – Actual (1) 52,425 Beaufor – Mine development $3.3
2015 – Forecasted 33,000 – 37,000 Beaufor – Fixed assets $0.8
Camflo Mill – Fixed assets $2.1
COST/OUNCE (CAN$) Total Sustaining Capex $6.2
Cash cost $935 - $1,035
2015 Sustaining Capex $170 - $190 EXPLORATION COSTS (CAN$ M)
Reclamation & remediation $20 - $40 Exploration drilling Beaufor (18,200m) $1.3
AISC (2)/oz $1,125 - $1,265 Regional exploration – Quebec properties $0.5
Total Exploration Cost $1.8
Cash cost/oz (US$) (3) $850 - $940
AISC/oz (US$) (3) $1,020 - $1,150
(1) Includes 4,929 ounces of gold sold from the W Zone.
(2) AISC = All-In-Sustaining-Cost, a non GAAP measure.
(3) Assuming exchange rate of CAN$1.00 = US$0.91 (US$1.00 = CAN$1.10).
24. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
24
Beaufor Mine
Progress Report
49,196
oz
49,196 oz 41,686 oz
2014 Achievements:
Maintained operating efficiency to
generate cash flow in 2014
Continuing to extend mine life
Mining the newly developed “M
Zone” which has solid grades and
additional tonnage
Commenced development drift to
the near surface 350 zone in 2014
Evaluating potential of Q Zone
(decision expected Q1 2015)
2015 Drilling Plans:
18,200 m of exploration drilling
11,800 m of definition drilling
TSX - NYSE MKT: RIC 24Copyright 2015 by Richmont Mines
Mining and Development Exploration
25. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
25
800
600
400
800
1000
200
600
1175
1350
400
RICHMONT
Globex
Horne-Creek fault
Resources as of December 31, 2012
Cut-off: 1.5 g/t Au
Measured & Indicated Resources:
15,251,529 T at 2.86 g/t Au ; 1,402,263 ozs
Inferred Resources:
18,758,786 T at 2.66 g/t Au ; 1,605,388 ozs
Wasamac Gold Property
“Untapped” 3 Million oz Resource
Near infrastructure: 15 km west of
Rouyn-Noranda, Quebec
Past production of 252,923 Au ozs
@ 4.16 g/t (1965-1971)
Preliminary Economic Assessment
completed in March 2012
Good optionality on gold price
100% owned, no royalties
TSX - NYSE MKT: RIC 25Copyright 2015 by Richmont Mines
26. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
26
TSX - NYSE MKT: RIC 26
Island Gold – Transformational New Discovery
Opportunity to transform the mine into a longer-life, higher-production and
lower cost operation with a relatively low investment
Potential to deliver years of industry-leading high-quality growth from a
mining-friendly and safe jurisdiction
Sound Balance Sheet, Tight Capital Structure
~$35 million cash & term deposits (Dec 31st, 2014)
$8.3 million adjusted Net Earnings and operating cash flow of $24.2 million in
first 9 months of 2014
47.9 million shares outstanding
Track Record of Success
Consistent operating history plus continued organic growth
Over 1.5 million ounces of gold produced in the Corporation’s 20+ year history
Quality Asset Base in Safe Jurisdictions
Expected production of 78,000 - 88,000 ounces of gold for 2015
Global gold resource of over 5 million ounces in very stable jurisdictions
Richmont Mines
Well Positioned for Growth
Copyright 2015 by Richmont Mines
27. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
27
TSX - NYSE MKT: RIC 27
Renaud Adams, Eng.
President & CEO
radams@richmont-mines.com
514-397-1410 x 103
Jennifer Aitken, MBA
Manager, Investor Relations
jaitken@richmont-mines.com
514-397-1410 x101
Copyright 2015 by Richmont Mines
Richmont Mines Inc.
28. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
28
TSX - NYSE MKT: RIC 28
Veteran Operator
Numerous Successful Mine Openings & Closings
Copyright 2015 by Richmont Mines
1991 1993 1997 2001
2007 2013
Island Gold Mine
Francoeur Mine
Monique Mine
2001
Camflo Mill Beaufor MineNugget Pond Mine
2006
East Amphi MineHammerdown Mine
2006 – 2007 production
~ 37,350 Au ozs produced
2001 - 2004 production:
~ 143,500 Au ozs
In operation: 320,000+
Au ozs produced to date
In operation: 23,490 Au
ozs produced in 2014
In operation: 500,000 +
Au ozs produced to date
Mill in operation: Processes
ore from Beaufor & Monique
1991-2001 production:
~345,000 Au ozs
1998-2001 production:
~170,000 Au ozs
29. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
29
BOARD OF DIRECTORS
Greg Chamandy, Exec Chairman Co-Founder and Former CEO of Gildan Activewear
Elaine Ellingham, P. Geo., MBA Previously TSX, IAMGOLD, Campbell Resources, Rio Algom,
René Marion, Eng. Former CEO AuRico Gold
Michael Pesner, CA President of Hermitage Canada Finance, previously KPMG
Renaud Adams, Eng. President & CEO
Directors and Management
Senior Credentials in a Junior
TSX - NYSE MKT: RIC 29Copyright 2015 by Richmont Mines
MANAGEMENT TEAM
Renaud Adams, Eng. President & CEO
Rosaire Émond, Eng. V. P. and COO - Experience: Placer Dome and Agnico-Eagle
Daniel Adam, Geo., PhD V. P. Exploration - Experience: Selbaie Mines
Nicole Veilleux, CPA, CA V.P. Finance - Experience: Auditor at KPMG LLP, Norbord Industries
Jean Bastien, Eng., MBA Manager, Island Gold Mine - Experience: Cambior, Agnico-Eagle, Aurizon
Marc-André Lavergne, Eng.
Manager, Beaufor & Monique mines - Experience: Cambior, Agnico-
Eagle, North American Palladium
30. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
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TSX - NYSE MKT: RIC 30Copyright 2015 by Richmont Mines
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
2006 2007 2008 2009 2010 2011 2012 2013
OuncesofGold
Proven and Probable Au Ounces
Measured + Indicated Au Ounces
Inferred Au Ounces
Discovered over 4 million ounces of gold resources in past 4 years
Exploration on brownfield project and at operating mines
Discovery cost < $15/ounce
Island Gold Deep Zone 1.1 million oz @ 9.6 g/t
Wasamac 3.0 million oz @ 2.70 g/t
Additions to Board &
Management
Creating Shareholder Value
Two Significant Discoveries
31. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
31
Financial Review
Key Metric
(in CAN$ thousands, ex. per share data and where noted)
FY 2012
(12 mos. ended
Dec. 31)
FY 2013
(12 mos. ended
Dec. 31)
Q1 2014
(3 mos. ended
Mar. 31)
Q2 2014
(3 mos. ended
June 30)
Q3 2014
(3 mos. ended
Sept. 30)
Gold sales (ounces) 60,741 63,443 20,412 27,790 24,635
Average selling price (US$/oz) $1,666 $1,378 $1,306 $1,283 1,273
Average cash cost (US$/oz) $1,044 $1,095 $1,060 $779 $804
Net earnings (loss) ($2,977) ($33,162) ($1,903) $4,676 $4,369
Adjusted net earnings (loss) ($1,521)1 ($10,341) 2 ($1,903) $5,659 3 $4,574 3
Adjusted EPS ($0.04) 1 ($0.26) 2 ($0.05) $0.12 3 $0.10 3
Operating Cash Flow $7,656 $3,456 $2,379 $13,371 $8,428
Total Assets $148,244 $123,328 $121,272 $139,135 $145,121
Shareholders Equity $118,363 $86,353 $84,779 $100,739 $105,717
(1)FY2012 Adjusted Net Loss is a non-IFRS Financial Performance Measure. This number excludes a $49,066 ($42,038 after-tax) loss from the discontinued Francoeur
Mine operation, and the payment of $1,986 ($1,456 after-tax) of severance compensation to the Corporation’s ex-President and CEO.
(2)FY2013 Adjusted net loss is a non-IFRS Financial Performance Measure. This number excludes a $1,098 loss from the discontinued Francoeur Mine operation, a
write-down of the W Zone Mine of $13,472, a write-off of deferred income and mining tax assets of $7,484, a write-off of financing costs of $1,165 and severance costs
of $700.
(3)Q2 2014 and Q3 2014 Adjusted net earnings are a non-IFRS Financial Performance Measure. The Q2 2014 number excludes a $1,050 severance cost related to the
departure of the President and CEO, and the Q3 2014 number excludes $205 severance cost related to the departure of the Executive Vice-President and CFO.
TSX - NYSE MKT: RIC 31Copyright 2015 by Richmont Mines
32. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
32
TSX - NYSE MKT: RIC 32
FINANCIAL HIGHLIGHTS 9 months 2014
( 9 mos ended Sept30, 2014)
Q3 2014
(3 mos. ended Sep. 30, 2014)
Gold sales 72,837 ozs 24,635 ozs
Average cash cost per ounce US $866 US $804
Average selling price per ounce US $1,285 US $1,273
Revenue $102.6 million $39 million
Operating Cash Flow $24.2 million $8.5 million
Net Free Cash Flow $5.6 million $0.6 million
Long-term debt $5.2 million $5.8 million
Adjusted Earnings per share $0.19 $0.10
1
Operating cash flow per share $0.55 $0.18
(1) Q3 2014 EPS is Adjusted EPS, a non-IFRS Financial Performance Measure, and excludes severance costs related to the
departure of the Executive Vice-President and CFO of $0.2 million.
Copyright 2015 by Richmont Mines
Positive Momentum
Strong Q3 2014 Revenue & Operating Cash Flow
33. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
33
49,196
oz
(1) Resources are exclusive of Reserves, and do not have demonstrated economic viability at this time. (2) Established on Dec. 31/13, using a gold price of US$1,225/oz and an exchange rate of
CAN$1.06=US$1.00 in 2013 (a US$1,450/oz gold price and a 1.00 exchange rate were used in 2012). Island Gold Deep Resources established Jan. 21/14. (3) Open-pit Reserves are based on a pit
design established in 2012. Indicated Resources are underground, directly beneath the open-pit. (4) Underground Resources established as of Dec. 31/12. (5) Francoeur Mine closed in
November 2012.
RESERVES + RESOURCES
1
AS OF DEC. 31, 2013 AS OF DEC. 31, 2012
Tonnes
(metric)
Grade
(g/t Au)
Au oz
contained
Tonnes
(metric)
Grade
(g/t Au)
Au oz
contained
Island Gold
Mine2
P & P Reserves 733,347 6.09 143,506 785,221 5.60 141,456
M & I Resources 283,687 7.06 64,433 502,910 6.86 110,958
Inferred Resources 362,858 7.09 82,744 279,569 6.20 55,744
Island Deep2
Indicated Resources 456,013 11.52 168,897 - - -
Inferred Resources 3,196,114 9.29 954,583 1,473,658 10.73 508,142
Beaufor
Mine2
P & P Reserves 142,299 6.81 31,133 196,145 6.20 39,114
M & I Resources 765,144 6.32 155,439 774,280 6.44 160,263
Inferred Resources 904,249 6.49 188,679 901,568 6.46 187,274
Monique2,3
P & P Reserves 415,860 2.30 30,702 - - -
Indicated Resources 107,531 4.88 16,858 728,164 2.35 55,112
Inferred Resources - - 11,605 0.97 362
W Zone
P & P Reserves 70,207 5.68 12,832 132,251 7.21 30,680
M & I Resources 145,931 7.04 33,051 107,511 6.76 23,377
Inferred Resources 2,186 7.55 531 5,589 7.95 1,429
Francoeur5
Proven Reserves - - - 8,439 4.52 1,226
M & I Resources 320,066 6.47 66,587 320,066 6.47 66,587
Inferred Resources 17,949 7.17 4,135 17,949 7.17 4,135
Wasamac4
M & I Resources 15,251,529 2.86 1,402,263 15,251,529 2.86 1,402,263
Inferred Resources 18,758,786 2.66 1,605,388 18,758,786 2.66 1,605,388
TOTAL GOLD
P & P Reserves 1,361,713 4.98 218,172 1,122,056 5.89 212,476
M & I Resources 17,329,901 3.42 1,907,528 17,684,460 3.20 1,818,560
Inferred Resources 23,242,142 3.80 2,836,060 21,448,724 3.43 2,362,474
33
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34
Island Gold Mine
Established Base for Future Growth
TSX - NYSE MKT: RIC
49,196
oz
Gold Production*
0
500
1,000
1,500
2,000
0
10,000
20,000
30,000
40,000
50,000
60,000
2009 2010 2011 2012 2013 2014 2015E
US$/Ounce
Ounces
Ounces of gold sold Cash cost per ounce Selling price
Copyright 2015 by Richmont Mines 34
*2014 Cash Costs not yet publicized
9M 2014
Cash Cost = US$816/oz
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35
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
S NCrown
Pillar
-900 m
Shear Corridor
100 m wide
535 Level
Zone
Composite Longitudinal Section
Typical Section
-1,300 m
-500 m
Surface
Indicated resources:
456,000 t at 11.52 g/t Au; 169,000 oz
Inferred resources:
3,200,000 t at 9.29 g/t Au; 955,000 oz
Island Gold New Resource below 400 m
(Dec. 31/2013)
Island Gold Cross Section
(looking west)
Currently at - 635 m depth
35
Ramp access
from surface
Island Gold Mine
Structural flexure with
wider zones and higher
grades below