Gold Mining Bull
Long only, gold & precious metals, oil & gas, contrarian

Richmont Mines: A Profitable Canadian Gold Producer With A Healthy Balance Sheet, Huge Upside

Richmont Mines is a Canadian Gold producer and explorer, with three operating gold mines, including the Beaufor/W Zone, and the Monique mines in Quebec, and the Island Gold mine in Ontario. The company has produced more than 1.4 million ounces of gold since 1991 and has over 20 years experience in gold production, exploration and development.

The company's corporate vision is to bring gold exploration projects to their full development potential and once in operation, cost-effectively manage underground narrow vein gold mines, according to the company. Richmont is focused on generating positive cash flow and driving profitable growth from its operations.

With a health balance sheet of $32.6 million cash and equivalents, and long-term debt of just $4.9 million, 75,000...

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