Company Profile

Richmont Mines is a Quebec-based gold company with over 20 years of experience in exploration, mine development and production.

• Corporate Vision
• History
• Notable Dates

Corporate Vision

Our 20+ year track record of bringing early-stage gold exploration projects to their full developmental potential and, once in operation, cost-effectively managing underground narrow vein gold mines, has earned us a reputation as a reliable and well-managed gold mine operator.

We are committed to continuing to perform at the highest level of operational and financial excellence, while remaining debt-free, to use our leadership position as a catalyst for consolidation amongst our peer group, to provide our employees with substantial economic and social benefits, and to provide our investors with stellar returns.

Our management team is focused on generating positive cash flow and profitable growth to provide the Company with a solid base upon which to increase production rates, grow reserve levels, and expand the Company’s pipeline of projects. Our asset portfolio includes a number of mineral properties in the production, development and exploration stage, and two wholly-owned gold mills.

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 1,000,000 ounces of gold.

Notable dates

1981	Company incorporated under the name Ressources minières Rouyn inc.
1984	Company becomes public, and is 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"
	Commercial 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

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