HISTORY

Richmont Mines was founded in 1981 by Jean-Guy Rivard. During the subsequent decade, the Company attracted a range of public and private financing, which was used to acquire properties and carry out exploration programs. Richmont Mines has been a publicly traded company since 1984, and is currently listed on the Toronto Stock Exchange (TSX) and on NYSE Amex under the ticker symbol “RIC”.

Since beginning commercial production in 1991, Richmont Mines has become an established gold producer specializing in the exploration and development of underground gold deposits. Over the years, we have operated 6 mines: the Francoeur, Beaufor and East Amphi mines located in Quebec, the Nugget Pond and Hammerdown mines in Newfoundland, and the Island Gold Mine in Ontario. In total, these operations have yielded over one million ounces of gold.

NOTABLE DATES

1981
Company incorporated under the name Ressources minières Rouyn inc.
1984
Company IPO; Shares listed on the Montreal Stock Exchange
1991
Company name changed to Richmont Mines Inc.
Company listed on the Toronto Stock Exchange, under the symbol "RIC"
Commercial production begins at the Francoeur Mine
1993
Acquisition of Camflo Mill Inc.
1994
Initial investment in Louvem Mines Inc.
1996
Nugget Pond Gold Mine built in Newfoundland
1997
Company listed on the American Stock Exchange (now NYSE Amex), under the symbol "RIC"
Commerical production begins at Nugget Pond Gold Mine
2001
50% operating interest in Beaufor Mine acquired
Commercial production at the Francoeur Mine ceased
2003
Initial investment made at the Island Gold Mine
2007
Commercial production at the Island Gold Mine begins
2009
Company announces plans to reopen the Francoeur Mine; dewatering begins
2010
Beaufor Mine reaches lifetime production level of 1,000,000 gold ounces
Richmont acquires outstanding 30% of Louvem Mines

Quarterly Review

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NYSE AME...

NYSE AMEX (RIC)

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