Francoeur Mine

In the recent first quarter, Richmont Mines (RIC-T) earned less than in the fourth quarter of 2002 but more than in the first quarter of that year.The gold producer earned $371,268 (or 2 per share) o…

Record gold sales, better prices, and lower production costs came together for Richmont Mines (RIC-T) in 2002, giving the company earnings of $9.1 million (or 59 per share) on revenue of $52 million….

Rouyn-Noranda, Que. — The annual convention of the Quebec Prospectors’ Association, held here recently in the heart of the Abitibi, is shining a spotlight on the many exploration and development proj…

Despite a $4.2-million writedown on its Nugget Pond mine in Newfoundland and a $1-million provision for site restoration in the second quarter, Richmont Mines (RIC-T) dramatically reversed course in 2…

For a bit of cash and a royalty, junior miner Richmont Mines (RIC-T) is buying Aurizon Mines’ (ARZ-T) half-interest in the suspended Beaufor gold mine in northwestern Quebec.Richmont already holds a s…

Still sensing its stock is undervalued, Rouyn, Que.-based Richmont Mines (RIC-T) has renewed a normal course issuer bid on the Toronto Stock Exchange.Richmont, which posted a net loss of $8.2 million,…

Short-term pain for long-term gain appears to be the rationale behind Richmont Mines’ (RIC-T) decision to suspend production at the Francoeur gold mine in northwestern Quebec. When production resumes …

Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…

Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …

With higher production coming from all the operations in which it has an interest, Richmont Mines (RIC-T) has paid off its long-term debt in a bid to control its financial costs.The company operates t…

Thanks to record gold production and reduced cash costs, Richmont Mines (RIC-T) has enjoyed yet another strong quarter.For the three months ended Sept. 30, 1998, gold production reached a record high …

Weak gold prices do not appear to be taking much of a toll on Montreal-based Richmont Mines (RIC-T).The company posted net earnings of $1.4 million for its latest quarter ended June 30, up from $1 mil…