- 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 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 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.
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., 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 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.
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 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 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.
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 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.
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., 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 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.
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 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 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.
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.
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.
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 has a quality asset base in Canada including its Island Gold and Beaufor mines, with a growing production profile and decreasing cost structure.
- In 2015, mineral reserves increased 187% overall, with a 206% increase at Island Gold and a 95% increase at Beaufor, extending mine lives.
- At Island Gold, a preliminary economic assessment outlined an average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552/oz, with potential for expansion.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000/oz and all-in
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.
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.
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.
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 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 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 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.
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.
Richmont Mines held a technical session to provide an overview of their assets and operations. Their Island Gold mine in Ontario saw record gold production in Q1 2016 and has an increased reserve estimate extending the mine life to 7 years. Exploration potential exists to further expand resources laterally and at depth. The Beaufor mine reserve also increased by 95%, extending the mine life to over 2 years, with continued development of the Q Zone. Overall reserves across both mines increased 187% in 2015. The presentation provided details on geology, production history and future plans to continue growing as a leading intermediate gold producer in Canada.
Richmont Mines 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 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 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.
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.
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.
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.
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.
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 has a quality asset base in Canada including its Island Gold and Beaufor mines, with a growing production profile and decreasing cost structure.
- In 2015, mineral reserves increased 187% overall, with a 206% increase at Island Gold and a 95% increase at Beaufor, extending mine lives.
- At Island Gold, a preliminary economic assessment outlined an average annual production of 78,000 ounces of gold from 2017-2022 at cash costs of C$552/oz, with potential for expansion.
- For 2016, consolidated gold production is estimated at 87,000-97,000 ounces at cash costs of C$930-C$1,000/oz and all-in
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.
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.
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.
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 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 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 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.
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.
Richmont Mines held a technical session to provide an overview of their assets and operations. Their Island Gold mine in Ontario saw record gold production in Q1 2016 and has an increased reserve estimate extending the mine life to 7 years. Exploration potential exists to further expand resources laterally and at depth. The Beaufor mine reserve also increased by 95%, extending the mine life to over 2 years, with continued development of the Q Zone. Overall reserves across both mines increased 187% in 2015. The presentation provided details on geology, production history and future plans to continue growing as a leading intermediate gold producer in Canada.
Richmont Mines 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 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 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.
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.
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.
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.
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 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.
Island Gold Mine - Sept. 30 2015 Site TourRichmontIR
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 information on the mine such as its location in Ontario near Dubreuilville, mineralized zones, management team, workforce statistics, health and safety performance, environmental sustainability efforts, and relationship with local communities. Additionally, it provides context on the local geology and other gold deposits in the Wawa gold camp area.
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 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 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.
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.
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.
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.
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.
- Solid cash position of $95.5 million and earnings of $0.04 per share for the quarter.
This document provides a summary of Richmont Mines Inc., including its asset base in Canada, growing production profile, decreasing cost structure, and significant exploration potential. Key highlights include:
- Q2 gold production of 23,320 ounces at cash costs of $903 per ounce.
- Increased mineral reserves at Island Gold mine by 206% and Beaufor mine by 95%.
- Island Gold mine life extended to 7 years and Beaufor to over 2 years based on 2015 reserves.
- Preliminary Economic Assessment released for Island Gold outlining potential production expansion.
The document discusses Richmont Mines' 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 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.
Fourth Quarter 2015 Financial Results - February 22,, 2016RichmontIR
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 achieved another record year with 54% production increase since 2013. Reserves increased 206% and mine life extended to 7 years.
- Beaufor mine life increased to over 2 years based on 95% reserve increase.
- 2016 production guidance of 87,000-97,000 ounces with AISC of $1,275-$1,390 per ounce.
This document provides an overview of Richmont Mines Inc., including its asset base, production profile, cost structure, cash flows, exploration potential, and balance sheet. It summarizes the Island Gold mine, which is Richmont's key asset, outlining its high-grade underground operations and expansion opportunities. Production and cost data for Island Gold in 2015 is presented, showing growing production and declining costs. The positive results of a Preliminary Economic Assessment exploring expanding operations at Island Gold to increase production and lower costs are also summarized.
This document provides financial results and operational highlights for Richmont Mines for Q3 2015. Key points include:
- Production is on track to meet high end of guidance for 2015 with cash costs in the mid-range of guidance.
- Strong cash balance of $76.5 million to fund growth plans.
- PEA released for Island Gold mine shows potential to accelerate production and lower costs.
- Exploration drilling continuing at Island Gold to extend mine life and resources.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
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 2014 by Richmont Mines
3. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
3
Highlights
Track Record of Sustainable Production
Gold producer since 1991, over 1.4 million ounces produced
History of organic growth through discovery and development
48,171 ounces of gold produced in the first half of 2014
75,000 - 85,000 ounce targeted gold production for 2014
Quality Asset Base
Mines in low-risk jurisdictions: Ontario and Quebec
Developing new 1.1 million ounce inferred resource below operating
Island Gold mine, grade of 9.3 g/t Au
Global gold resource of over 5 million ounces
Strong Balance Sheet, Tight Capital Structure
$35.7 million of cash & term deposits, debt < $5 million, at June 30, 2014
47.6 million shares on TSX and NYSE MKT
Copyright 2014 by Richmont Mines 3TSX - NYSE MKT: RIC
4. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
4
TSX - NYSE MKT: RIC 4
Veteran Operator
Numerous Successful Mine Openings & Closings
Copyright 2014 by Richmont Mines
1991 1993 1997 2001
2007 2013
Island Gold Mine
Francoeur Mine
Monique Mine
2001
Camflo Mill Beaufor MineNugget Pond Mine
2006
East Amphi MineHammerdown Mine
2006 – 2007 production
~ 37,350 Au ozs produced
2001 - 2004 production:
~ 143,500 Au ozs
In operation: ~303,000
Au ozs produced to date
In operation: ~ 9,900 Au
ozs produced to date
In operation: ~500,000 +
Au ozs produced to date
Mill in operation: Processes
ore from Beaufor & Monique
1991-2001 production:
~345,000 Au ozs
1998-2001 production:
~170,000 Au ozs
5. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
5
TSX - NYSE MKT: RIC 5
Current Operations
Island Gold Mine
2014 Production Forecast
~ 40,000 Au ozs
On-site 850 tpd mill
Copyright 2014 by Richmont Mines
Wawa Area
Val-d’Or Area
Beaufor Mine Property Monique Mine
2014 Production Forecast
~ 35,000 – 40,000 Au ozs
1,200 Tpd Camflo Mill (50 km away)
Ontario Quebec
6. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
6
Corporate Overview
TSX - NYSE MKT: RIC 6
RIC: (Sep. 10, 2014) TSX(CAN$)
NYSE MKT (US$)
Closing Price $2.48 $2.29
52-week trading range $1.00 - $3.07 $0.94 - $2.82
Market capitalization $118 million $109 million
Average 3 month daily trading volume (shares) ~ 135,000 ~ 233,900
Cash & Term Deposits (Jun 30, 2014) $35.7 million
Long-term Debt (June 30, 2014) $4.9 million
Current Enterprise Value $99 million
H1 2014 Operating Cash Flow (per share) $0.37
H1 2014 Net Free Cash Flow1
(per share) $0.12
Shares outstanding (millions) 47.6
Management and Director Ownership (%) ~11%
Number of employees (June 30, 2014) 414
Copyright 2014 by Richmont Mines
(1) Calculated as operating cash flows less capital expenditures divided by shares outstanding.
7. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
7
TSX - NYSE MKT: RIC 7
FINANCIAL HIGHLIGHTS FY 2013
(12 mos. ended Dec. 31, 2013)
Q2 2014
(3 mos. ended June 30, 2014)
Gold sales 63,443 ozs 27,790 ozs
Average cash cost per ounce US $1,095 US $779
Average selling price per ounce US $1,378 US $1,283
Revenue $90.2 million $39 million
Operating Cash Flow $3.5 million $13.4 million
Cash & term deposits $17.6 million $35.7 million
Long-term debt $5.2 million $4.9 million
Adjusted EPS (loss) ($0.26)
1
$0.12
2
Operating cash flow per share $0.09 $0.29
(1) FY2013 EPS is Adjusted EPS, a non-IFRS Financial Performance Measure, and excludes a non-cash write-down of the W Zone
Mine assets, a write-off of deferred income and mining tax assets, a write-off of financing costs following the termination of a debt-
financing agreement and severance charges. (2) Q2 2014 EPS is Adjusted EPS, a non-IFRS Financial Performance Measure, and
excludes severance costs related to the departure of the President and CEO of $1.05 million ($0.98 million after-tax).
Copyright 2014 by Richmont Mines
Record Quarterly Performance
Strong Revenue & Operating Cash Flow
8. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
8
BOARD OF DIRECTORS
Greg Chamandy, Exec Chairman Co-Founder and Former CEO of Gildan Activewear
Elaine Ellingham, PGeo, MSc, MBA Previously TSX, IAMGOLD, Campbell Resources, Rio Algom
Dr. Jim Gill, BSc, MSc, PhD Founder of Aur Resources Inc.
René Marion, Eng. Former CEO AuRico Gold
Michael Pesner, CA President of Hermitage Canada Finance, previously KPMG
Directors and Management
Senior Credentials in a Junior
TSX - NYSE MKT: RIC 8Copyright 2014 by Richmont Mines
MANAGEMENT TEAM
Elaine Ellingham, P. Geo. M. Sc, MBA Interim President and CEO
Pierre Rougeau, B. Sc., M. Sc Finance Executive V. P. and CFO - Former CFO of Abitibi Consolidated
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 Finance Director - Experience: Auditor at KPMG LLP, Norbord Industries
Jean Bastien, Eng., MBA Manager, Island Gold Mine - Experience: Cambior, Agnico-Eagle and Aurizon
Marc-André Lavergne, Eng.
Manager, Beaufor & Monique mines - Experience: Cambior, Agnico-Eagle,
North American Palladium
10. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
10
303,000 ozs of gold produced since 2007
Historical grade @ ~ 5.7 g/t Au
2014 cost reduction initiatives: addition of
4 new trucks & efficiency consultant
On-site mill operated at record capacity of
25,000 t in May
Improved grade, production and cash cost
in H1 2014
Island Gold Mine
Cornerstone Asset – 100% Owned
ISLAND GOLD MINE
PERFORMANCE
FY 2009
12 months
ended Dec. 31
FY 2010
12 months
ended Dec. 31
FY 2011
12 months
ended Dec. 31
FY 2012
12 months
ended Dec. 31
FY 2013
12 months
ended Dec. 31
H1 2014
6 months ended
June 30
Tonnes 211,773 251,237 261,731 246,743 244,631 124,569
Gold recovery (%) 94.5% 95.5% 95.9% 96.5% 96.1% 96.1%
Head grade 6.04 g/t 5.95 g/t 6.10 g/t 5.45 g/t 4.65 g/t 5.66 g/t
Gold ounces sold 38,879 45,865 49,196 41,686 35,113 21,795
Avg. cash cost/oz (US$)
1
736 783 766 884 1,092 811
Avg. sales price/oz (US$) 967 1,238 1,566 1,666 1,392 1,296
TSX - NYSE MKT: RIC 10Copyright 2014 by Richmont Mines
(1) Cash costs include royalties.
11. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
11
Island Gold Mine
Established Base for Future Growth
11
Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
49,196
oz
(US$)(Ounces)
841 806 766
884
1,092
811
1,104
1,275
1,566
1,666
1,392
1,296
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 H1 2014
Ounces of gold sold Cash cost per ounce Selling price
H2 2014 Forecast
Gold Production
12. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
12
TSX - NYSE MKT: RIC 12
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 2014 by Richmont Mines
Argonaut – Magino
(~5.2 m ozs @1.03 g/t)
MAGINO
13. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
13
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 13Copyright 2014 by Richmont Mines
Goudreau Zone
MAGINO MINE
803,000 T at 4.4 g/t Au
114,000 Au ozs
14. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
14
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
Indicated 456,000 t at 11.52 g Au/t 169,000 ozs
Inferred 3,200,000 t at 9.29 g Au/t 955,000 ozs
Open
Open
Production to Date (above 400 m)
303,000 ozs of gold, avg. 5.7 g/t Au
Reserves & Resources
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
• Open along strike in both directions and at depth
• Significant number of > 12 g Au/t intersections
Open
TSX - NYSE MKT: RIC 14Copyright 2014 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
15. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
15
Island Gold Mine
Metal factor (grade x width)
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 15Copyright 2014 by Richmont Mines
Metal Factor
Grade (g Au/t) x true width (metres)
Average mining grade
(5.84 g/t Au / 2.4 m)
16. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
16
Island Gold Mine
Comparison with Major Gold Mines
HEMLO
Ontario
LA RONDE
Quebec
Williams
Golden Giant
David Bell
3
km
Penna LaRonde 2
LaRonde 4
LaRonde 1#1 Shaft #3 ShaftReid
#2 Shaft
ISLAND GOLD
MINE
Island Ramp
1
km2
km
RED LAKE
Ontario
303,000 Au ozs
produced
Schematic Longitudinal Sections
Agnico EagleBarrick Gold Corp.Goldcorp Richmont
1.1 million oz resource
TSX - NYSE MKT: RIC 16Copyright 2014 by Richmont Mines
17. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
17
1.1 million ounce inferred resource immediately below fully
permitted, staffed and producing Island Gold Mine
Ramp exposed mineralization at 560 m level at depth along 92 m:
Face chip sampling averaged 12.7 g Au/t over 2.92 m
Opportunity for long life mine with higher annual production levels
Capacity of on-site CIP mill can be increased
Deposit open at depth and along strike in both directions
Island Gold Discovery
A “Game-Changer”
TSX - NYSE MKT: RIC 17Copyright 2014 by Richmont Mines
New Zone Upper Mine
Gold grade (average) 9.3 g/t Au 5.7 g/t Au
Zone width (average) 4.5 metres 2.7 metres
Structural Alteration Corridor 100 m 50 m
18. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
18
TSX - NYSE MKT: RIC 18
2013 Development at Island Gold:
Ramp to Island Deep at a vertical depth of 574 m at year-end 2013
62,210 m of exploration drilling completed
Added 615,338 ounces to gold resources
2014 Development:
$16.3 million capex
11,000 m exploration drilling + 23,000 m definition drilling
Ramp extended to 620 m vertical depth as of June 30, 2014
Development on 5 levels (depths of 535, 560, 585, 610 & 635 metres)
Expect to mine first stope in extension in the second half of this year
Near-term incremental ramping is relatively low capex and can be funded
from current cash position
Copyright 2014 by Richmont Mines
Island Gold Mine
Progress Report
19. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
19
TSX - NYSE MKT: RIC 19Copyright 2014 by Richmont Mines
Beaufor Mine
Produced over 500,000 oz Gold
High-grade underground mine in production
since 1996
Strategically located near infrastructure…
50 km from Camflo Mill
and central to a well established mining hub...
25 km from Val-d’Or, Quebec
H1 2014
Head grade 7.14 g/t
Cash operating cost per ounce US$854
Camflo Mill
Cost reductions achieved by increasing room
& pillar mining and reducing long-hole stoping
20. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
20
Beaufor Mine
Progress Report
49,196
oz
49,196 oz 41,686 oz
2014 Objectives:
Maintain operating efficiency to
generate cash flow
Continue to extend mine life
Begin mining the newly developed
“M Zone” where grade
expectations are good
Commence development drift to
the near surface 350 zone
Evaluate potential of deep Q Zone
Includes:
21,500 m of exploration drilling
10,000 m of definition drilling
TSX - NYSE MKT: RIC 20Copyright 2014 by Richmont Mines
Mining and Development Exploration
21. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
21
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 21Copyright 2014 by Richmont Mines
22. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
22
TSX - NYSE MKT: RIC 22
Two Significant Discoveries
Copyright 2014 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 projects and at operating mines
Discovery cost < $15/ounce
Island Gold Deep Zone 1.1 million oz @ 9.3 g/t
Wasamac 3.0 million oz @ 2.70 g/t
Additions to Board &
Management
23. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
23
Relative Grade
Among Highest Grades in Peer Group
TSX - NYSE MKT: RIC 23Copyright 2014 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
24. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
24
TSX - NYSE MKT: RIC 24
Island Gold – Important New Discovery
Will lead to expansion of the producing Island Gold Mine
Potential to develop into a higher-grade, long-life asset
Sound Balance Sheet, Tight Capital Structure
$35.7 million cash & term deposits at June 30, 2014
47.6 million shares outstanding
Track Record of Success
Consistent operating history plus continued organic growth
Over 1.4 million ounces of gold produced since 1991
Quality Asset Base
Targeted production of 75,000 – 85,000 ounces of gold for 2014
Global gold resource of over 5 million ounces in very stable jurisdictions
Richmont Mines
Well Positioned for Growth
Copyright 2014 by Richmont Mines
25. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
25
TSX - NYSE MKT: RIC 25
Elaine Ellingham
Interim President & CEO
eellingham@richmont-mines.com
416-473-5351
Jennifer Aitken
Manager, Investor Relations
jaitken@richmont-mines.com
514-397-1410 x101
Copyright 2014 by Richmont Mines
Richmont Mines Inc.
27. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
27
Financial Review
Key Metric
(in CAN$ 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)
Gold sales (ounces) 60,741 63,443 20,412 27,790
Average selling price (US$/oz) $1,666 $1,378 $1,306 $1,283
Average cash cost (US$/oz) $1,044 $1,095 $1,060 $779
Net earnings (loss) ($2,977) ($33,162) ($1,903) $4,676
Adjusted net earnings (loss) ($1,521)1 ($10,341)2 ($1,903) $5,659 3
Adjusted EPS ($0.04) 1 ($0.26) 2 ($0.05) $0.12 3
Operating Cash Flow $7,656 $3,456 $2,379 $13,371
Total Assets 148,244 123,328 121,272 139,135
Shareholders Equity 118,363 86,353 84,779 100,739
(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 Adjusted net earnings is a non-IFRS Financial Performance Measure. This number excludes a $1,050 severance cost related to the departure of the
President and CEO.
TSX - NYSE MKT: RIC 27Copyright 2014 by Richmont Mines
28. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
28
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
28
29. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
29
Island Gold Mine
Longitudinal View- Best Intersections
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
Mined out
Reserves - Resources
Actual Ramp and Drifts
TSX - NYSE MKT: RIC 29Copyright 2014 by Richmont Mines
Diabase Dykes