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Richmont Mines, Inc (RIC)

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  • Wed, Jan. 21, 9:58 AM
    • Richmont Mines (RIC -3.5%) and Asanko Gold (AKG -9.9%) are lower after each announced multi-million dollar bought-deal financing agreements, the start of what could be a better financing environment after a difficult 2014.
    • RIC plans to use proceeds from its financing for an accelerated development plan for the high-grade Deep C zone at its Island gold mine in Ontario; RIC is planning for $56.3M in capex for 2015, with 85% focused on the Island mine.
    • AKG says it will use its funds for working capital and corporate purposes to further enhance its balance sheet.
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  • Thu, Jan. 15, 3:48 PM
    • Richmont Mines (RIC +15.1%) reports 2014 gold production of more than 95K oz., up 45% Y/Y and above the company's guidance, including Q4 gold output of nearly 24K oz.
    • Full-year gold sales of 94.5K oz. was the second highest in the company's history and a 49% increase over 2013.
    • RIC's Island gold mine in Ontario produced 42K oz. of gold in 2014, up 21% Y/Y and in line with expectations; RIC expects to complete extensive development work at the mine in 2015 to position it for future growth by unlocking the value of the deeper 1.1M oz. higher-grade resource.
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  • Thu, Jan. 15, 12:45 PM
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  • Oct. 9, 2014, 12:54 PM
    • Richmont Mines (RIC +1.9%) says it is raising its FY 2014 gold production guidance to 85K-90K oz. of gold, up from a previous forecast for 75K-85K oz.
    • Says Q3 gold production totaled 23,187 oz., up 58% Y/Y, bringing gold production for the first nine months of 2014 to 71,354 oz., up 68% Y/Y.
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  • Aug. 15, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: BEBE +6.2%. EXTR +4.0%. ACXM +2.1%. RIC +2.1%. AMT +1.7%.
    • Top losers, as of 5:15 p.m.: TTS -5.0%. KOG -3.0%. NOK -1.7%. LVS -1.5%. UVXY -1.5%.
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  • Aug. 5, 2014, 12:47 PM
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  • Oct. 17, 2013, 10:55 AM
    • Richmont Mines (RIC +4.1%) says its W Zone gold project in Quebec has successfully completed the three month pre-production phase and commercial production has been declared.
    • RIC expects W Zone to produce ~3K oz. of commercial gold production during Q4 and projects 12K oz. of commercial gold production in 2014.
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  • Jun. 28, 2013, 12:45 PM
    Midday top 10 gainers: HALO +26%. EMMS +19%. SAND +17%. AMSC +15%. TRX +14%. RIC +13%. FSM +12%. TAHO +12%. ABFS +11%. LAS +11%.
    Midday top 10 Losers: QLTI -48%. CDTI -36%. BBRY -25%. LHCG -14%. GTIV -13%. AZZ -13%. AMED -13%. ACN -11%. ETRM -9%. AFAM -8%.
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  • Feb. 25, 2013, 2:59 PM
    Richmont Mines (RIC +3.9%) says it added new high grade inferred mineral resources of 508K gold oz. at 10.73 g/t at Island gold mine in Ontario. Preliminary metallurgical testing on representative samples shows a 96% recovery rate. RIC will invest an initial $35M to advance the project in 2013.
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  • Nov. 30, 2012, 1:04 PM
    Midday top 10 gainers: MARK +38%. MITL +30%. MHH +25%. CBK +24%. PPHM +24%. AMPL +24%. TELK +19%. PLNR +17%. TLAB +15%. FIVE +15%.
    Top 10 Losers: RIC -24%. NTLS -23%. FFKY -19%. SUPN -18%. SBLK -14%. VRSN -14%. PSUN -14%. MMYT -13%. HGSH -13%. PWX -11%.
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  • Nov. 29, 2012, 4:27 PM
    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.
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  • Nov. 23, 2012, 12:45 PM
    Midday top 10 gainers: CCCL +42%. MAPP +21%. BGMD +21%. MCP +18%. INUV +16%. FIZZ +15%. ROSG +14%. DAC +13%. RIMM +13%. RIC +12%.
    Top 10 Losers: KITD -64%. PTGI -17%. SGOC -12%. HDSN -9%. TELK -9%. SAB -8%. HRT -8%. NFEC -8%. THQI -7%. RCON -7%.
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  • Sep. 10, 2012, 11:44 AM
    Richmont Mines (RIC +2.4%) reports new deep drill results reaffirm promising potential at depth at its Island Gold Mine in Ontario. Drill results suggest the C Zone is the most continuous of the four zones in the deep drilling program, which appears to be a continuation at depth of the zone currently being mined at Island Gold.
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  • Jul. 3, 2012, 11:36 AM
    Richmont Mines (RIC -17.8%) announces a downward revision of reserves and production and says it will take a Q2 writedown of C$25M-C$30M pre-tax related to lower anticipated production from its Francoeur Mine.
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  • May 13, 2011, 9:00 AM
    Premarket gainers: DDS +13%. BMTI +13%. RIC +9%. A +8%. EK +7%. TYC +7%. DF +6%. LPL +5%. CTIC +4%. BPAX +3%.
    Losers: NVDA -7%. YHOO -5%. EPB -4%. AIS -4%. LXP -3%.
    | 1 Comment
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Company Description
Richmont Mines Inc is engaged in the acquisition, mining, exploration, development, and operation of mineral properties, principally gold, in Canada. It operates the Beaufor Mine in Quebec and the Island Gold Mine in Ontario.
Industry: Gold
Country: Canada