Richmont Mines: A Profitable Canadian Gold Producer With A Healthy Balance Sheet, Huge Upside
- Richmont Mines operates three profitable gold mines in one of the best mining jurisdictions in the world.
- The company has a rock-solid balance sheet with $32.6 million cash and only $4.9 million total debt, with profitability increasing at its gold mines.
- With an enterprise value of approx. $51.5 million, 4+ million ounces in gold resources and substantial exploration and production upside, shares are significantly undervalued.