Le Lézard
Classified in: Mining industry

Richmont Mines Completes Sale of Non-Core Québec Assets

TORONTO, Oct. 2, 2017 /PRNewswire/ - Richmont Mines Inc. (TSX: RIC) (NYSE: RIC) ("Richmont" or the "Corporation") confirms that it has closed the previously announced transaction with Monarques Gold Corporation (TSXV: MQR) to acquire Richmont's Quebec based assets including the Beaufor Mine, the Camflo Mill and the Wasamac development project as well as all other mineral claims, mining leases and mining concessions located in the province of Quebec.

About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine in Ontario, where it is also advancing development of the significant high-grade resource extension at depth. With more than 35 years of experience in gold production, exploration and development, and prudent financial management, the Corporation is well-positioned to cost-effectively build its Canadian reserve base and to successfully enter its next phase of growth.

Forward-Looking Statements
This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may", "objective" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. Except as may be required by law or regulation, the Corporation undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenue and production costs. Other risks may be set out in Richmont Mines' Annual Information Form, Annual Reports and periodic reports. The forward-looking information contained herein is made as of the date of this news release.


SOURCE Richmont Mines

These press releases may also interest you

16 mar 2018
CNX Resources Corporation ("CNX") announced today that it has terminated its previously announced cash tender offer for any and all of the approximately $500 million outstanding aggregate principal amount of its 8.000% senior notes due 2023 (the...

16 mar 2018
International Tower Hill Mines Ltd.  (the "Company") - today announced that it has filed its audited Year-End Financial Statements and associated Management Discussion and Analysis (MD&A) on Form 10-K for the year ended December 31, 2017. As of...

16 mar 2018
Mason Resources Corp. is pleased to report its financial results for the year ended December 31, 2017.  All figures are in US dollars unless otherwise noted. 2017 HIGHLIGHTS On May 9, 2017, Mason and Entrée Resources Ltd. (formerly Entrée Gold...

16 mar 2018
CNX Resources Corporation ("CNX" or the company) and CNX Midstream Partners LP ("CNXM") jointly announced today that CNXM has completed its previously announced acquisition of a 95% interest in the Shirley-Pennsboro gathering system...

16 mar 2018
Newrange Gold Corp. ("Newrange" or the "Company") is pleased to announce the closing of the first tranche of a private placement by issuing 2,120,028 units (the "Units") at a price of CAD $0.28 per Unit (the "Private Placement"), for gross...

16 mar 2018
Canada Economic Development for Quebec Regions (CED) Businesses need to be able to rely on adequate resources to create and commercialize innovative products. In 2017, the Government of Canada adopted an ambitious plan to support innovative Canadian...

News published on 2 october 2017 at 11:11 and distributed by: