Richmont Mines Inc
-
Recent M&A highlights North American advantage
Miners look close to home for new acquisitions.
-
M&A: Alamos Gold Announces Completion of Acquisition of Richmont Mines
TORONTO – Alamos Gold Inc. is pleased to announce the completion of the previously announced plan of arrangement whereby Alamos acquired all of the issued and outstanding shares of Richmont Mines Inc.. Under the terms of the Transaction, all Richmont issued…
-
GOLD: Monarques enters producer ranks with acquisition of Beaufor mine
QUEBEC – Monarques Gold Corp. of Montreal has entered the ranks of Quebec gold producers with the acquisition of the Beaufor gold mine 27 km northeast of Val d’Or. The mine produced roughly 20,000 oz. of gold in 2016 and…
-
GOLD: Alamos planning friendly $770M takeover of Richmont
TORONTO – Alamos Gold and Richmont Mines have announced the signing of a definitive agreement whereby Alamos will acquire all of the Richmont shares. The deal has a total equity value of US$770 million on a fully diluted basis. Each…
-
GOLD: Richmont drills 19.85 g/t over 8.4 metres at Island Gold mine
ONTARIO – Richmont Mines of Toronto continues its strategic exploration drilling program at the Island Gold mine 80 km east of Wawa, and the best recent assay was 19.85 g/t gold over 8.4 metres (true width). The hole was located…
-
EDUCATION: Northern College, Richmont Mines hold graduation for new miners
WAWA, Ont. – Northern College was pleased to celebrate with students who graduated from the Underground Hard Rock Miner Common Core program on June 14 at the Royal Canadian Legion in Wawa. Six students completed the 15-week training program, offered…
-
GOLD: Richmont drills new high grade zone at Island Gold
ONTARIO – Toronto’s Richmont Mines, owner of the Island Gold mine 80 km northeast of Wawa, has drilled new high grade mineralization in the eastern lateral extension. Hole GD-640-05 returned 20.6 g/t gold over 11.3 metres of core. Hole GD-640-04,…
-
GOLD: Richmont sets record at Island Gold mine
ONTARIO – Richmont Mines of Toronto said its Island Gold mine 85 km northeast of Wawa set a new production record last year. The mine recovered 83,323 oz. of gold, a 51% increase over 2015 and exceeding production guidance for…
-
Probe Metals options additional property near Val-d’Or East project
CEO David Palmer of Probe Metals (TSXV: PRB) is at it again — consolidating yet more ground near the company’s growing Val-d’Or East project in Quebec. Just a month after Probe announced two property deals on the same day with two separate…
-
GOLD: Island Gold mine receives permits for 1,100 t/d
ONTARIO – Richmont Mines of Toronto says it has received all the approvals to its amended air and wastewater certificates allowing the Island gold mine to increase production to 1,100 t/d as outlined by the preliminary economic assessment completed in…
-
GOLD: Richmont drilling hits 33 g/t near Island Gold mine
ONTARIO – Richmont Mines of Toronto continues to cut excellent intersections at its Island Gold gold mine 85 km northeast of Wawa. Lateral near-mine drilling returned 33.32 g/t over 2.60 metres and 9.99 g/t over 6.65 metres. Deep drilling intersected…
-
GOLD: Island Gold lifts Richmont to another record quarter
ONTARIO – The Island Gold mine 85 km northeast of Wawa boosted Toronto’s Richmont Mines to another record quarter with 26,589 oz produced. That is a 147% increase over Q1 2015 and an 87% increase over the fourth quarter of…
