Richmont Mines announces departure of CEO Carmel

|About: Richmont Mines, Inc (RIC)|By:, SA News Editor

Richmont Mines (RIC) says President and CEO Paul Carmel has been relieved of his duties effective immediately, to be replaced on an interim basis by board member Elaine Ellingham.

Carmel has led RIC for two years; Ellingham has held senior positions at several mining companies as well as at the Toronto Stock Exchange.