Last C$1.56 CAD
Change Today 0.00 / 0.00%
Volume 35.1K
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As of 3:57 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

richmont mines inc (RIC) Snapshot

Open
C$1.57
Previous Close
C$1.56
Day High
C$1.57
Day Low
C$1.55
52 Week High
02/25/14 - C$2.07
52 Week Low
12/6/13 - C$1.00
Market Cap
74.3M
Average Volume 10 Days
157.9K
EPS TTM
C$-0.48
Shares Outstanding
47.6M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for RICHMONT MINES INC (RIC)

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richmont mines inc (RIC) Details

Richmont Mines Inc. is engaged in the mining, exploration, and development of mining properties, primarily gold in Canada. It operates three gold mines, including the Beaufor/W Zone and the Monique mines in Quebec; and the Island Gold Mine in Ontario. The company is also developing the Island Gold Deep project located in Ontario. As of December 31, 2013, it had proven and probable reserves of 143,505 ounces of gold at the Island Gold Mine; and 31,133 ounces of gold at the Beaufor Mine. The company was formerly known as Ressources minières Rouyn inc. and changed its name to Richmont Mines Inc. in 1991. Richmont Mines Inc. was founded in 1981 and is headquartered in Rouyn-Noranda, Canada.

442 Employees
Last Reported Date: 02/28/14
Founded in 1981

richmont mines inc (RIC) Top Compensated Officers

Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$240.0K
Vice President of Exploration
Total Annual Compensation: C$181.7K
Financial Director
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2013.

richmont mines inc (RIC) Key Developments

Richmont Mines Inc. Reports Production Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Production Guidance for the Year 2014

Richmont Mines Inc. reported production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total gold production of 29,091 ounces against 14,081 ounces for the same period a year ago. For the six months, the company reported total gold production of 48,171 ounces against 27,087 ounces for the same period a year ago. The company increased its 2014 annual production guidance to 75,000 - 85,000 ounces of gold.

Richmont Mines Inc. Announces Executive Changes

Richmont Mines Inc. announced that Mr. Paul Carmel, Richmont's President and Chief Executive Officer, has been relieved of his duties with the Corporation effective immediately. Ms. Elaine Ellingham has been appointed interim President and CEO. Ms. Ellingham, the interim President and CEO, has served on Richmont's Board of Directors for the past four years and is a mining executive and a professional geologist with over 25 years' experience in the mining industry.

Richmont Mines Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Reaffirms Production Guidance for the Year 2014

Richmont Mines Inc. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues were CAD 29,468,000 compared to CAD 23,398,000 for the same period a year ago. Operating loss was CAD 1,614,000 compared to CAD 2,390,000 for the same period a year ago. Loss before mining and income taxes was CAD 1,559,000 compared to CAD 2,198,000 for the same period a year ago. Net loss was CAD 1,903,000 compared to CAD 2,240,000 for the same period a year ago. Basic and diluted net loss per share was CAD 0.05 compared to CAD 0.06 for the same period a year ago. Cash flows from operating activities was CAD 2,379,000 compared to cash used in operating activities of CAD 6,775,000 for the same period a year ago. Amount spent for property, plant and equipment - island gold mine was CAD 1,670,000 compared to CAD 3,112,000 for the same period a year ago. Amount spent for property, plant and equipment - island gold deep project was CAD 2,825,000 compared to CAD 1,523,000 for the same period a year ago. Amount spent for property, plant and equipment - beaufor mine was CAD 602,000 compared to CAD 208,000 for the same period a year ago. Property, plant and equipment - W zone mine was CAD 233,000 compared to CAD 1,881,000 for the same period a year ago. Property, plant and equipment - monique mine was CAD 21,000 compared to CAD 2,222,000 for the same period a year ago. Property, plant and equipment - other was CAD 569,000 compared to CAD 398,000 for the same period a year ago. The year-over-year increase in revenue was due to in spite of the lower gold price environment. The year-over-year improvement was driven primarily by improved grades and solid operational performances at both the Island Gold and Beaufor mines during the quarter. For the quarter, the company produced total production was 19,080 Ounces of gold compared to 13,816 ounces of gold for the same period a year ago. The company reaffirmed production guidance for the year 2014. The company continued to forecast 2014 annual production of approximately 35,000 to 40,000 ounces of gold at the Island Gold Mine, 18,000 to 20,000 ounces of gold at Beaufor Mine and 13,000 to 16,000 ounces of gold from Monique mine.

 

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