Richmont Mines (RIC) -15.7% AH after announcing the immediate closure of the Francoeur Mine in...

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

Richmont Mines (RIC) -15.7% AH after announcing the immediate closure of the Francoeur Mine in Quebec, prompting a pre-tax write-off of C$11M-C$13M, mostly during Q4. Exploration activities on the Wasamac gold project are suspended. Gold production for 2013 is revised to 65K-70K oz. vs. 85K-95K previously.