Richmont Mines Reports a 107% Year Over Year Increase in Q2 Gold Production to 29,091 Ounces and Increases 2014 Producti
MONTREAL, QUEBEC-- Jul 14, 2014 - Richmont Mines Inc. (RIC.TO)(NYSE MKT:RIC), ("Richmont" or the "Corporation"), announces strong second quarter 2014 ("Q2 2014") gold production of 29,091 ounces and six month gold production of 48,171 ounces, 107% and 73% above the respective prior year levels. With these six month results from operations, Richmont is revising its 2014 production guidance upward to 75,000 to 85,000 ounces of gold from 70,000 to 80,000 ounces previously. A cash balance of over $32 million at June 30, 2014 represents a significant increase over the $13.5 million at March 31, 2014.
- Published: 14 July 2014
- Written by Editor