Le Lézard
Classified in: Mining industry, Business
Subjects: TNM, ACC

Richmont Mines Completes Sale of Non-Core Québec Assets



TORONTO, October 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.

Renaud Adams, President and CEO, Phone: +1-416-368-0291 ext. 101; Anne Day, Senior Vice-President, Investor Relations, Phone: +1-416 368-0291 ext. 105



These press releases may also interest you

at 05:00
In a recent interview with CX Network, Anna Metsäranta, Head of Automated Remote Customer Experience at Nordea said that using data to future proof your digital customer strategy is far more valuable than gathering qualitative customer feedback. She...

at 05:00
OASIS Group, one of the largest Records and Information Management (RIM) providers in Europe, has confirmed the completion of a third Box-it UK Limited franchise. In a deal finalised on September 4th, the company acquired Box-it Central located in...

at 05:00
SANTA CLARA, Calif., Sept. 20, 2018 /PRNewswire-PRWeb/ -- The CTO Forum today announced that Kristina Draper, senior vice president and technology division executive for Wells Fargo & Company, has been appointed to the CTO Forum Advisory Board. The...

at 05:00
SEATTLE, Sept. 20, 2018 /PRNewswire-PRWeb/ -- Gledhill brings more than two decades of financial control experience acting as CFO and corporate secretary for multiple publicly-traded companies. Gledhill serves as president and CEO of Keshill...

at 05:00
Retained executive search firm Caldwell today announced a major enhancement to its recruiting capabilities in the global markets and investment banking space with the addition of David J. Bernard as a partner in the firm's Financial Services...

at 04:30
Integrating risk professionals in emerging technology and digital transformation projects improves user experience, increases digital trust and confidence in project delivery and reduces execution costs. This...




News published on 2 october 2017 at 12:59 and distributed by: