Richmont Mines Inc. is a Québec-based gold exploration, development and production company. It first achieved commercial production in 1991 at its Francoeur mine southwest of Rouyn-Noranda, Québec. During the intervening years the Company has operated the Francoeur, Beaufor and East Amphi mines in Québec, the Nugget Pond and Hammerdown mines in Newfoundland, and the Island Gold Mine in Ontario. These operations have yielded more than 1,300,000 ounces of gold. As a result of this history the Company has amassed considerable expertise in underground gold mining.
Management focuses on generating positive cash flow and achieving profitable growth with lower cost, longer life assets. It selectively evaluates opportunities for growth through acquisition. The Company maintains a responsible capital structure, with common shares outstanding of only 39.5 million.
Common share listings:
NYSE MKT: RIC