Company Profile Photo

Richmont's sound balance sheet, capital structure and experienced management team anchor the Corporation for future growth.

Richmont Mines is an established gold producer with a proven 25 year track-record of gold production, mine development and successful mineral exploration in Canada. The Corporation produces gold from the Island Gold Mine in Ontario, where it is simultaneously developing a significant estimated 1 million ounce high-grade global resource at depth.

Corporate Vision

Our vision is to become a leading intermediate gold producer focused on the Americas generating superior per share valuation. We are committed to a Sustainable Business Model and a strategy of long-term growth, and will fully utilize the Corporation's strong balance sheet, assets, cash flow, capital structure and the extensive experience of the Corporations' Board of Directors and management team to build the next leading Canadian based intermediate gold company.

We are guided by our core corporate values to achieve long term value for all of our stakeholders. By cultivating a culture of responsible performance, we are focused on operating in a sustainable manner while holding ourselves accountable to all of our stakeholders.

Corporate Values

At the heart of all we do is a commitment to responsibility, integrity and accountability and the Corporation's four corporate values:

Corporate Values

Short Term Strategy

Become a leading junior
gold producer based on
key per share metrics

Deliver and maintain a
sustainable and risk adverse
business approach

Continue to develop organic
growth value and future geological
potential of Island Gold Mine

Sustainable Business Model

At the heart of all we do is a commitment to responsibility, integrity and accountability and the Corporation's four corporate values:

Sustainable Business Model

Sustainable Human Resources, Process Improvement, Community Development and Growth Principles

Sustainable Human Resources

Making work life sustainable through employee health & safety and wellness programs, improved supervisory & operational planning/implementation practices and skills through training programs. Develop potential leadership abilities through leadership program. Promote Life in Balance; family, work and personal development.

Sustainable Community Development

Leadership and consulting skills for promoting comprehensive change toward sustainability in communities and developing world-class relationships with Aboriginal communities.

Sustainable Process Improvement

Reducing inefficiency and waste through quality & performance management by implementation of "Lean" methods and balanced score card approach. Advanced knowledge and experience with energy efficiency, sustainable waste systems & construction/building practices.

Sustainable Growth Principles

Developing sustainable exploration, development, operational and financial practices in order to deliver superior per share value, mitigation/management of risk exposure and discipline approach toward preserving best-in-class balance sheet and capital structure.

History

Richmont Mines was founded in 1981 by Jean-Guy Rivard. During the subsequent decade, the Corporation 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 Market (NYSE Mkt) 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 7 mines: the Francoeur, Beaufor, Monique 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 1,500,000 ounces of gold.

Richmont currently produces gold from the Island Gold Mine in Ontario, where it is simultaneously developing a significant estimated 1 million ounce high-grade resource envelope below the operating mine.

Richmont's 25 year track record of bringing early-stage gold exploration projects to their full developmental potential and, once in operation, cost-effectively managing these assets, has earned the Corporation a reputation as a reliable and well-managed gold mine operator. Richmont places great value on this reputation, and strives to continue building on it every day.