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GOLD: Richmont rustles up $27M bought deal
TORONTO – Richmont Mines has closed a bought deal financing of $2.6 million common shares for gross proceeds of $27 million or $10.40 per share. The shares were taken up by a syndicate led by Macquarie Capital Markets Canada. The…
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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…
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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…
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GOLD: Richmont doubles contained ounces in Island Gold reserves
ONTARIO – Toronto-based Richmont Mines has released new resource numbers with a doubling of contained gold in the reserves at the Island Gold mine 85 km northeast of Wawa. At the end of 2015 the proven and probable reserves contained…
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GOLD: More and more high grades from Island Gold mine
ONTARIO – The deep drill program at the Island Gold mine near Wawa has returned what owner Richmont Mines of Toronto calls very encouraging results – 25.6 g/t Au over 4.7 metres in the high grade structure. Richmont’s exploration program…