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Stock Market & Financial Investment News

News Breaks
April 28, 2014
09:42 EDTRICRichmont Mines upgraded to Buy from Hold at Desjardins (pre-open)
News For RIC From The Last 14 Days
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July 14, 2015
17:02 EDTRICRichmont Mines to extend Beaufor Mine life with development of new zone
Richmont Mines announced plans to proceed with the development of the deeper Q Zone at the Beaufor Mine in Quebec. The positive decision is based on a comprehensive analysis of both geological and economic factors, and is expected to extend the mine's life by a minimum of two years with an annual estimated production rate of 20,000 to 25,000 ounces in 2016 and 2017. The deeper Q Zone that will be developed is located approximately 34 vertical metres below the Beaufor Mine's current infrastructure. Due to the zone's close proximity to the mine's existing underground workings, the required development to reach the upper part of the zone is expected to be completed within 6 months and will require only a limited investment of $2.5M in 2015. This development related expenditure is below the $3.5M already accounted for in the Corporation's 2015 All-In-Sustaining-Cost guidance.

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