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UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2015.

Commission File Number 001-14598

RICHMONT MINES INC.
(Translation of registrant’s name into English)

161, avenue Principale, Rouyn-Noranda (Quebec) J9X 4P6
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ] Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [   ]

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [   ]

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Exhibit  
   
99.1 Cover letter dated January 20, 2015
99.2 Amendment to third quarter report for the period ended September 30, 2014
99.3 Form 52-109F2R Certification of refiled interim filings - CEO
99.4 Form 52-109F2R Certification of refiled interim filings - CFO

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Richmont Mines Inc. 
  (Registrant) 
 
Date January 30, 2015 By  Nicole Veilleux (signed) 
    (Signature)* 
      Nicole Veilleux
* Print the name and title under the signature of the signing officer.    Vice-President, Finance

 

SEC 1815 (04-09)
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 






Exhibit 99.1



     
  Mines Richmont inc.
161, avenue Principale
Rouyn-Noranda, QC
J9X 4P6, CANADA
Tél. : 819 797-2465
Téléc. : 819 797-0166
www.richmont-mines.com

 

Rouyn-Noranda, January 30, 2015


VIA SEDAR


Autorité des marchés financiers
Alberta Securities Commission
British Columbia Securities Commission
Ontario Securities Commission

Subject: Richmont Mines Inc. (the “Corporation”)
  English and French language versions of the Interim Consolidated Financial Statements (unaudited) of the Corporation for the three-month and nine-month periods ended September 30, 2014 and 2013, together with the notes thereto (the “Interim Financial Statements”)
 

We hereby inform you that the Corporation has filed today on SEDAR revised English and French language versions of its Interim Financial Statements. These versions have been amended in order to remove the reference contained in note 1 of the financial statement indicating that the Interim Financial Statements have not been reviewed by the independent auditors of the Corporation.

Nicole Veilleux [signed]

Nicole Veilleux, CPA, CA
Vice-President, Finance

     






Exhibit 99.2



INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

Third Quarter
Ended September 30, 2014





CONSOLIDATED INCOME STATEMENT

(In thousands of Canadian dollars)

(Unaudited) Three months ended   Nine months ended  
  September 30,   September 30,   September 30,   September 30,  
  2014   2013   2014   2013  
  $   $   $   $  
 
CONTINUING OPERATIONS                

Revenues (note 3)

34,215   21,152   102,634   62,385  

Cost of sales (note 4)

27,900   18,655   86,794   54,825  
 
GROSS PROFIT 6,315   2,497   15,840   7,560  
 
OTHER EXPENSES (REVENUES)                

Exploration and project evaluation (note 5)

513   1,981   1,238   6,946  

Administration (note 6)

1,578   1,805   5,682   5,498  

Loss on disposal of long-term assets

250   82   252   117  

Other revenues

(9 ) (23 ) (36 ) (53 )
 
  2,332   3,845   7,136   12,508  
 
OPERATING EARNINGS (LOSS) 3,983   (1,348 ) 8,704   (4,948 )
 
Financial expenses (note 8) 28   23   83   73  
Financial revenues (note 9) (164 ) (52 ) (307 ) (443 )
 

EARNINGS (LOSS) BEFORE MINING AND INCOME TAXES

4,119   (1,319 ) 8,928   (4,578 )
 
MINING AND INCOME TAXES (RECOVERY) (250 ) (173 ) 1,781   (102 )
 

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS

4,369   (1,146 ) 7,147   (4,476 )
 
NET LOSS FROM DISCONTINUED OPERATION -   (708 ) -   (708 )
 
NET EARNINGS (LOSS) FOR THE PERIOD 4,369   (1,854 ) 7,147   (5,184 )
 
NET EARNINGS (LOSS) PER SHARE                
Basic and diluted earnings (loss) per share                

Earnings (loss) from continuing operations

0.09   (0.03 ) 0.16   (0.11 )

Loss from discontinued operation

-   (0.02 ) -   (0.02 )
 
Basic and diluted net earnings (loss) 0.09   (0.05 ) 0.16   (0.13 )
 

BASIC WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)

47,723   39,596   44,340   39,593  
 

DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)

48,058   39,596   44,501   39,603  

The accompanying notes are an integral part of the interim consolidated financial statements.

  23
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(In thousands of Canadian dollars)

(Unaudited) Three months ended   Nine months ended  
  September 30,   September 30,   September 30,   September 30,  
  2014   2013   2014   2013  
  $   $   $   $  
 
NET EARNINGS (LOSS) FOR THE PERIOD 4,369   (1,854 ) 7,147   (5,184 )
 

OTHER COMPREHENSIVE LOSS, NET OF TAXES ITEMS THAT WILL BE RECLASSIFIED SUBSEQUENTLY TO NET EARNINGS

               

Fair value variation on available-for-sale financial assets

-   -   -   (18 )

Realized gain on sale of available-for-sale financial assets transferred to net earnings

-   -   -   (12 )
 
OTHER COMPREHENSIVE LOSS, NET OF TAXES -   -   -   (30 )
 
TOTAL COMPREHENSIVE EARNINGS (LOSS) FOR THE PERIOD 4,369   (1,854 ) 7,147   (5,214 )

The accompanying notes are an integral part of the interim consolidated financial statements.

  24
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(In thousands of Canadian dollars)

(Unaudited)     Contributed          
  Share capital   surplus   Deficit   Total equity  
  $   $   $   $  
 
BALANCE AT DECEMBER 31, 2013 132,202   11,253   (57,102 ) 86,353  
 
Issue of shares                

Common

11,673   -   -   11,673  

Exercise of share options

528   (160 ) -   368  
 
Common shares issue costs (934 ) -   -   (934 )
 
Share-based compensation -   1,110   -   1,110  
 

Transactions with Richmont Mines shareholders

11,267   950   -   12,217  
 

Net earnings and total comprehensive income for the period

-   -   7,147   7,147  
 
BALANCE AT SEPTEMBER 30, 2014 143,469   12,203   (49,955 ) 105,717  

The accompanying notes are an integral part of the interim consolidated financial statements.

  25
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(In thousands of Canadian dollars)

(Unaudited)             Available-for-      
      Contributed       sale financial      
  Share capital   surplus   Deficit   assets   Total equity  
  $   $   $   $   $  
 
BALANCE AT DECEMBER 31, 2012 132,113   9,062   (22,842 ) 30   118,363  
 
Issue of shares                    

Exercise of share options

89   (27 ) -   -   62  
 
Issue of warrants -   439   -   -   439  
 
Share-based compensation -   1,263   -   -   1,263  
 

Transactions with Richmont Mines shareholders

89   1,675   -   -   1,764  
 
Net loss for the period -   -   (5,184 ) -   (5,184 )
 
Other comprehensive loss                    

Items that will be reclassified subsequently to net loss

                   

Available-for-sale financial assets

                   

Fair value variation, net of taxes

-   -   -   (18 ) (18 )

Reclassification to net earnings, net of taxes

-   -   -   (12 ) (12 )
 

Total comprehensive loss for the period

-   -   (5,184 ) (30 ) (5,214 )
 
BALANCE AT SEPTEMBER 30, 2013 132,202   10,737   (28,026 ) -   114,913  

The accompanying notes are an integral part of the interim consolidated financial statements.

  26
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(In thousands of Canadian dollars)

  September 30,   December 31,  
  2014   2013  
  $   $  
  (Unaudited)   (Audited)  
 
ASSETS        
 
CURRENT ASSETS        

Cash and cash equivalents

37,897   17,551  

Guaranteed investment certificate

474   -  

Receivables

2,798   3,008  

Income and mining tax assets

916   925  

Exploration tax credits receivable

6,542   5,670  

Inventories (note 10)

12,271   9,075  
 
  60,898   36,229  
 
RESTRICTED DEPOSITS (note 13 a) 1,009   3,421  
 
PROPERTY, PLANT AND EQUIPMENT (note 11) 83,214   83,678  
 
TOTAL ASSETS 145,121   123,328  
 
LIABILITIES        
 
CURRENT LIABILITIES        

Payables, accruals and provisions

17,664   19,897  

Income and mining taxes payable

3,611   1,225  

Current portion of long-term debt (note 12)

1,790   825  

Current portion of asset retirement obligations (note 13 b)

272   330  
 
  23,337   22,277  
 
LONG-TERM DEBT (note 12) 5,793   5,196  
 
ASSET RETIREMENT OBLIGATIONS (note 13 b) 7,689   7,603  
 
DEFERRED INCOME AND MINING TAX LIABILITIES 2,585   1,899  
 
TOTAL LIABILITIES 39,404   36,975  
 
EQUITY        

Share capital (note 14)

143,469   132,202  

Contributed surplus

12,203   11,253  

Deficit

(49,955 ) (57,102 )
 
TOTAL EQUITY 105,717   86,353  
 
TOTAL LIABILITIES AND EQUITY 145,121   123,328  

The accompanying notes are an integral part of the interim consolidated financial statements.

  27
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





CONSOLIDATED STATEMENT OF CASH FLOWS

(In thousands of Canadian dollars)

(Unaudited) Three months ended   Nine months ended  
  September 30,   September 30,   September 30,   September 30,  
  2014   2013   2014   2013  
  $   $   $   $  
 
OPERATING ACTIVITIES                

Net earnings (loss) for the period

4,369   (1,854 ) 7,147   (5,184 )

Adjustments for:

               

Depreciation and depletion

6,368   2,984   17,909   7,785  

Adjustment to estimated recoverable value of remaining Francoeur Mine’s assets

-   867   -   867  

Taxes received (paid)

192   (5 ) 1,299   (1,505 )

Interest revenues

(152 ) (76 ) (291 ) (347 )

Interest on long-term debt

39   10   124   22  

Share-based compensation

342   684   1,407   1,804  

Accretion expense – asset retirement obligations

28   19   83   57  

Loss on disposal of long-term assets

250   81   252   100  

Gain on disposal of shares of publicly-traded companies

-   -   -   (12 )

Mining and income taxes

(250 ) (173 ) 1,781   (102 )
 
  11,186   2,537   29,711   3,485  
 

Net change in non-cash working capital items (note 15)

(2,715 ) 2,501   (5,487 ) (8,188 )
 
Cash flows from (used in) operating activities 8,471   5,038   24,224   (4,703 )
 
INVESTING ACTIVITIES                

Guaranteed investment certificate

2,650   -   2,650   -  

Restricted deposits

(238 ) (2,650 ) (712 ) (2,737 )

Interest received

155   74   280   365  

Property, plant and equipment – Island Gold Mine

(7,647 ) (7,005 ) (16,028 ) (19,485 )

Property, plant and equipment – Beaufor Mine

(129 ) (155 ) (1,574 ) (393 )

Property, plant and equipment – W Zone Mine

-   (117 ) (234 ) (3,019 )

Property, plant and equipment – Monique Mine

-   875   (21 ) (6,582 )

Property, plant and equipment – Other

(53 ) (85 ) (745 ) (570 )

Disposition of property, plant and equipment

50   9   350   154  

Disposition of shares of publicly-traded companies

-   -   -   12  
 
Cash flows used in investing activities (5,212 ) (9,054 ) (16,034 ) (32,255 )
 
FINANCING ACTIVITIES                

Long-term debt

1,940   -   1,859   -  

Issue of common shares

368   -   12,041   62  

Common shares issue costs

-   -   (934 ) -  

Interest paid

(39 ) (10 ) (124 ) (22 )

Payment of asset retirement obligations

(29 ) -   (55 ) -  

Financing costs

-   (654 ) -   (654 )

Payment of finance lease obligations

(192 ) (599 ) (631 ) (1,058 )
 
Cash flows from (used in) financing activities 2,048   (1,263 ) 12,156   (1,672 )
 
Net change in cash and cash equivalents 5,307   (5,279 ) 20,346   (38,630 )
 
Cash and cash equivalents, beginning of period 32,590   26,459   17,551   59,810  
 
Cash and cash equivalents, end of period 37,897   21,180   37,897   21,180  

The accompanying notes are an integral part of the interim consolidated financial statements.

  28
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

1. General information and compliance with IFRS

Richmont Mines Inc. (“the Corporation”) is incorporated under the Business Corporations Act (Quebec) and is engaged in mining, exploration and development of mining properties, principally gold.

These interim consolidated financial statements have been prepared by the Corporation’s management in accordance with International Financial Reporting Standards (“IFRS”), as established by the International Accounting Standards Board and in accordance with IAS 34 “Interim Financial Reporting”. They do not include all the information required in annual consolidated financial statements in accordance with IFRS. These interim consolidated financial statements must be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013.

The preparation of interim consolidated financial statements in accordance with IAS 34 requires the use of certain critical accounting estimates. It also requires management to exercise judgment when applying the Corporation’s accounting policies.

2. Future accounting pronouncement

The following standard has been issued, but is not yet effective and has not been early-adopted by the Corporation:

IFRS 15 – Revenues from contracts with Customers (IFRS 15)
In May 2014, the IASB published IFRS 15 which replaces IAS 18 Revenue, IAS 11 Construction Contracts and some revenue-related interpretations. IFRS 15 establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized at a point in time or over time, provides new and more detailed guidance on specific topics and expands and improves disclosures about revenue. IFRS 15 is effective for reporting periods beginning on or after January 1, 2017. Earlier application is permitted. The Corporation has yet to assess the impact of this new standard on its financial statements.

3. Revenues

Revenues include revenue from gold sales and silver sales.

4. Cost of sales

The cost of sales includes the following items:

    Three months ended     Nine months ended  
    September 30,   September 30,     September 30,   September 30,  
    2014   2013     2014   2013  
    $   $     $   $  
   
  Operating costs 20,981   15,342     67,229   46,075  
  Royalties 604   443     1,834   1,335  
  Depreciation and depletion 6,315   2,870     17,731   7,415  
   
    27,900   18,655     86,794   54,825  

 

  29
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

5. Exploration and project evaluation

The exploration and project evaluation expenses were incurred for the following mines and properties:

    Three months ended   Nine months ended  
    September 30,   September 30,   September 30,   September 30,  
    2014   2013   2014   2013  
    $   $   $   $  
   
  Island Gold Mine 39   1,400   328   4,020  
  Beaufor Mine 558   385   1,126   1,621  
  Wasamac property 74   129   149   1,010  
  Monique Mine -   17   2   219  
  Other properties 17   78   39   305  
  Project evaluation 84   141   263   428  
   
  Exploration and project evaluation before depreciation and exploration tax credits 772   2,150   1,907   7,603  
   
  Depreciation 14   56   58   206  
  Exploration tax credits, including adjustments1 (273 ) (225 ) (727 ) (863 )
   
    513   1,981   1,238   6,946  
  1 In 2012, the Corporation received a draft assessment from the Quebec tax authorities, who were not allowing the Corporation to claim certain exploration tax credits for years 2009 to 2011, and an amount of $4,141 initially recorded as exploration tax credits receivable was then reversed and reflected as an increase to property, plant and equipment. In the first quarter of 2014, the Corporation received the final notice of reassessment and settled the financial reporting for this contingency by recording a further $302 reduction of the exploration tax credits and an interest expense of $210, included in «administration».

 

6. Administration

The administration expenses include the following items:

    Three months ended   Nine months ended  
    September 30,   September 30,   September 30,   September 30,  
    2014   2013   2014   2013  
    $   $   $   $  
   
  Salaries, directors’ fees and related benefits 497   743   1,843   2,360  
  Severance compensation1 221   -   1,269   -  
  Share-based compensation 245   593   903   1,522  
  Depreciation 39   59   120   164  
  Others 576   410   1,547   1,452  
   
    1,578   1,805   5,682   5,498  
  1 Severance compensation is related to the departure of the President and Chief Executive Officer and the Executive Vice-President and Chief Financial Officer and comprises $945 of cash severance and $324 of share-based compensation expense.

 

  30
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

7. Share-based compensation

 

  a) The Corporation had a Stock Option Purchase Plan (the “Initial Plan”) under which options to acquire common shares were granted to its directors, officers, employees and non-employees. The exercise price of each option was determined by the market price of the Corporation’s stock on the Toronto Stock Exchange, on the day prior to the grant, and the maximum term of the options granted was ten years. 20% of the options were vested on the grant date and the remainder vested cumulatively thereafter on every anniversary date over a length of four years. However, on February 4, 2010, the Board of Directors voted to grant its members remuneration that is partly based on share options. These options vest in thirds beginning one year after the grant date, then vest cumulatively thereafter on every anniversary date over a total length of three years, and expire five years after the date of grant. Furthermore, in January 2012, a total of 400,000 options were granted to directors. Those options fully vest one year after the grant date, and expire in January 2015. However, these options may only be exercised if the Corporation’s shares have traded at $21.51 or higher at any time during any 10 days in any consecutive 20 trading day period. The Corporation ended the Initial Plan in 2012. Outstanding options that were issued under this previous plan, will continue to have the same terms and conditions as when they were initially issued.

A summary of the status of the Corporation’s initial Plan at September 30, 2014 and changes during the three-month and nine-month periods then ended, is presented below:

    Three months ended   Nine months ended  
    September 30, 2014   September 30, 2014  
        Weighted       Weighted  
    Number of   average   Number of   average  
    options   exercise price   options   exercise price  
    (in thousands)   $   (in thousands)   $  
   

 

Options outstanding, beginning of the period

683   6.96   935   6.93  
  Forfeited (16 ) 5.22   (193 ) 7.76  
  Expired (19 ) 3.16   (94 ) 3.93  
   
  Options outstanding, end of period 648   7.11   648   7.11  
   
  Exercisable options, end of period 491   6.09   491   6.09  

The following table summarizes information about the Corporation’s Initial Plan at September 30, 2014:

          Exercisable options at
    Options outstanding at September 30, 2014 September 30, 2014
      Weighted      
      average Weighted   Weighted
  Exercise Number remaining average Number of average
  Price of options contractual life exercise price options exercise price
    (in thousands) (years) $ (in thousands) $
             
  $3.55 81 0.2 3.55 81 3.55
  $4.19 to $5.41 320 0.9 4.85 294 4.81
  $6.86 12 1.7 6.86 9 6.86
  $10.87 to $12.03 235 1.3 11.44 107 11.42
             
    648 1.0 7.11 491 6.09

 

  31
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

  b) In effect since May 2012, the Corporation’s long-term incentive plan (the “New Plan”) permits the granting of options, restricted share units (“RSUs”), share appreciation rights (“SARs”) and retention awards (“Retention Awards”) to directors, officers, other employees, consultants and service providers providing ongoing services to the Corporation.

The exercise price of each option granted is the market price of the Corporation’s stock on the Toronto Stock Exchange, on the day prior to the grant, and the maximum term of the options granted is ten years. Eight types of options were issued: (1) options that vest in thirds one year after the grant date, then vest cumulatively thereafter on every anniversary date over a total length of three years, and expire five years after the date of grant; (2) options that fully vest one year after the grant date, expire three years after the grant date and are exercisable only if the Corporation’s shares have traded at $21.51 or higher at any time during any 10 days in any consecutive 20 trading day period; (3) options that vest in tranches of 20% beginning one year after the grant date, thereafter vesting cumulatively on every anniversary date over a length of four years, and expire six years after the date of grant; (4) options that vest 20% on the grant date and vest cumulatively thereafter on every anniversary date over a length of four years, and expire five years after the date of grant; (5) options that vest 50% on the grant date and 50% the year after, and expire five years after the date of grant; (6) options that vest on August 8, 2016 and expire five years after the date of grant; (7) options that vest in thirds on the grant date, then vest cumulatively thereafter on every anniversary date over a total length of two years, and expire five years after the date of grant; (8) options that vest 25% on the grant date, then vest cumulatively thereafter every month of January over a total period of three years, and expire five years after the date of grant.

A summary of the status of the Corporation’s New Plan at September 30, 2014 and changes during the three-month and nine-month periods then ended, is presented below:

    Three months ended   Nine months ended  
    September 30, 2014   September 30, 2014  
        Weighted       Weighted  
        average       average  
    Number of   exercise   Number of   exercise  
    options   price   options   price  
    (in thousands)   $   (in thousands)   $  
   

 

Options outstanding, beginning of the period

2,192   2.54   2,505   2.64  
  Granted 100   2.39   100   2.39  
  Exercised (280 ) 1.31   (280 ) 1.31  
  Forfeited -   -   (313 ) 3.38  
   
  Options outstanding, end of period 2,012   2.70   2,012   2.70  
   
  Exercisable options, end of period 936   2.82   936   2.82  

 

  32
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

The following table summarizes information about the Corporation’s New Plan at September 30, 2014:

    Options outstanding at Exercisable options at
    September 30, 2014 September 30, 2014
      Weighted      
  Exercise   average Weighted   Weighted
  Price Number of remaining average Number of average
    options contractual life exercise price options exercise price
    (in thousands) (years) $ (in thousands) $
             
  $1.08 to $1.62 1,144 4.1 1.26 503 1.40
  $2.02 to $2.34 100 4.6 2.28 24 2.23
  $2.51 to $3.61 283 3.3 3.19 189 3.32
  $3.88 to $4.36 133 2.9 4.12 79 4.12
  $6.57 352 3.6 6.57 141 6.57
             
    2,012 3.9 2.70 936 2.82

 

  c)      In March and in August 2012, the Corporation signed agreements with several employees considered as key personnel. These agreements incorporate a retention payment (“Retention Awards”) provided certain conditions are met by the employee, most notably that the employee continues his or her employment with the Corporation until March and August 2017. These retention payments would be payable in 2017 in either of the Corporation’s common shares or cash, at the discretion of the employee, with the number of common shares to be determined by the current value of the common shares at the time of payment. The total amount that could be paid as Retention Awards under these agreements is $2.25 million. The cost recorded for the three-month and nine-month periods ended September 30, 2014 is $118 and $333 respectively ($438 and $669 in comparable periods of 2013), and the liability to this effect amounts to $984 as at September 30, 2014 ($711 as at December 31, 2013), which correspond to the best estimate of the amount to be paid relating to the Retention Awards, based on estimated forfeitures and a 1.3% discount rate.

 

  d)      On May 22, 2012, 324,675 options were issued to the former President and Chief Executive Officer outside of the Corporation’s option plans. These options were exercisable at a price of $6.61 each. As of September 2014, or 60 days after the departure of said President and Chief Executive Officer, all of these options where forfeited.

 

  e)      During the nine-month period ended September 30, 2014, the Corporation granted 100,000 share options to employees (575,000 for the nine-month period ended September 30, 2013 to directors and employees). The weighted average fair value of these share options at the grant date, calculated using the Black-Scholes option pricing model was $1.10 for each option ($0.75 in 2013).

 

8. Financial expenses

The financial expenses include the following items:

    Three months ended   Nine months ended  
    September 30,   September 30,   September 30,   September 30,  
    2014   2013   2014   2013  
    $   $   $   $  
   
  Accretion expense – asset retirement obligations 28   19   83   57  
  Interest on finance lease obligations1 -   4   -   16  
   
    28   23   83   73  
  1 The interest on operating mine finance lease obligations is included in operating costs and amounted to $39 and $124 for the three-month and nine- month periods respectively (in 2013, $3 and $14 respectively was recorded as property, plant and equipment and a financial expense of $6 was included in operating costs for the three-month and nine-month periods respectively).

 

  33
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

9. Financial revenues

The financial revenues include the following items:

    Three months ended   Nine months ended  
    September 30,   September 30,   September 30,   September 30,  
    2014   2013   2014   2013  
    $   $   $   $  
   

 

Interest on cash and cash equivalents and on guaranteed investment certificates

154   76   290   343  

 

Gain on disposal of shares of publicly-traded companies

-   -   -   12  
  Foreign exchange gain (loss) 10   (24 ) 17   88  
   
    164   52   307   443  

 

10. Inventories

 

  The inventories include the following items:        
           
    September 30,   December 31,  
    2014   2013  
    $   $  
        (Audited)  
   
  Precious metals 428   1,647  
  Ore 7,912   3,923  
  Supplies 3,931   3,505  
   
    12,271   9,075  

On September 30, 2014, a write-down of inventories of $330 was recognized as an expense ($14 as at September 30, 2013). There was no reversal of write-down during the first nine months of 2014 and 2013.

  34
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

11. Property, plant and equipment

The property, plant and equipment includes the following items:

  Mining sites in production   Corporate office and others     Advanced exploration projects     Total  
  Mining properties     Development costs     Buildings     Equipment     Total     Lands, buildings and leasehold improvements     Equipment and rolling stock     Total              
  $     $     $     $     $     $     $     $     $     $  
Gross carrying amount                                                          
Balance at January 1, 2014 1,965     76,888     13,443     36,039     128,335     2,211     1,468     3,679     16,444     148,458  
Additions 3,133     8,360     943     701     13,137     -     -     -     4,948     18,085  
Disposals and write-off -     -     -     (139 )   (139 )   (305 )   (248 )   (553 )   -     (692 )
Exploration tax credits -     (72 )   -     -     (72 )   -     -     -     -     (72 )
Transfers -     20,230     653     537     21,420     -     (28 )   (28 )   (21,392 )   -  
Balance at September 30, 2014 5,098     105,406     15,039     37,138     162,681     1,906     1,192     3,098     -     165,779  
Depreciation and depletion                                                          
Balance at January 1, 2014 1,027     41,391     6,520     15,049     63,987     393     400     793     -     64,780  
Depreciation and depletion 191     10,058     2,154     5,345     17,748     98     63     161     -     17,909  
Disposals and write-off -     -     -     (91 )   (91 )   (27 )   (6 )   (33 )   -     (124 )
Transfers -     -     -     4     4     -     (4 )   (4 )   -     -  
Balance at September 30, 2014 1,218     51,449     8,674     20,307     81,648     464     453     917     -     82,565  
Carrying amount at September 30, 2014 3,880     53,957     6,365     16,831     81,033     1,442     739     2,181     -     83,214  

 

  35
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

12. Long-term debt

Long-term debt includes the following financial liabilities:

    September 30,   December 31,  
    2014   2013  
    $   $  
        (Audited)  
   
  Royalty payments payable (note 16) 2,000   -  
  Finance lease obligations 3,106   3,737  
  Contract payment holdback 1,000   1,000  
  Long-term share-based compensation (note 7 c) 984   711  
  Closure allowance 493   573  
   
    7,583   6,021  
   
  Current portion 1,790   825  
   
    5,793   5,196  

13. Asset retirement obligations

The Corporation’s production and exploration activities are subject to various federal and provincial laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Corporation conducts its operations so as to protect public health and the environment. The Corporation has recorded the asset retirement obligations of its mining sites on the basis of management’s best estimates of future costs, based on information available on the reporting date. Best estimates of future costs are the amount the Corporation would reasonably pay to settle its obligations on the closing date. Future costs are discounted using pre-tax rates that reflect current market assessments of the time value of money and the risks specific to the liability. Such estimates are subject to change based on modifications to laws and regulations or as new information becomes available.

  36
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

a) Restricted deposits and letters of credit

Most of the restricted deposits relate specifically to site restoration. As at September 30, 2014, the Corporation has $117 in restricted deposits with the Quebec government, $594 in restricted deposits with the Ontario government and a credit facility is available to the Corporation up to an amount of $5,000 for the issuance of letters of credit as guarantees for the settlement of asset retirement obligations. The credit facility has a fixed annual fee of 0.95% (0.95% in 2013). The following table provides the allocation of restricted deposits and letters of credit issued as at September 30, 2014:

    September 30,   December 31,  
    2014   2013  
    $   $  
        (Audited)  
  Restricted deposits        

 

Island Gold Mine (Island Gold Deep and Lochalsh property)

594   594  

 

Beaufor Mine

107   107  

 

Other

10   10  
   
    711   711  
   
  Guaranteed investment certificate1 -   2,650  
   
  Other 298   60  
   
    1,009   3,421  
   
  Letters of credit1        

 

Camflo Mill

1,332   1,332  

 

Island Gold Mine (Kremzar property)

979   979  

 

Francoeur Mine

314   239  

 

Monique Mine

474   -  

 

Additional credit

-   100  
   
    3,099   2,650  
   1 Since June 30, 2014, letters of credit are secured by a first rank movable mortgage for a maximum amount of $ 6,785. Prior to that, letters of credit were secured by the guaranteed investment certificates.

 

b) Distribution of the asset retirement obligations

The following table sets forth the distribution of the asset retirement obligations as at September 30, 2014 and December 31, 2013:

    September 30,   December 31,  
    2014   2013  
    $   $  
        (Audited)  
   
  Camflo Mill 3,783   3,736  
  Island Gold Mine 1,684   1,663  
  Beaufor Mine and W Zone Mine 755   749  
  Monique Mine 973   965  
  Francoeur Mine 766   820  
   
    7,961   7,933  
   
  Current portion 272   330  
   
    7,689   7,603  

 

  37
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

14. Share capital

Authorized: Unlimited number of common shares with no par value

    Three months ended   Nine months ended  
    September 30, 2014   September 30, 2014  
    Number       Number      
    of shares   Amount   of shares   Amount  
    (thousands)   $   (thousands)   $  
   
  Issued and paid: Common shares                
   
  Balance, beginning of period 47,646   142,941   39,596   132,202  
   
  Issue of common shares for cash 280   528   8,330   11,267  
   
  Balance, end of period 47,926   143,469   47,926   143,469  

Issue of shares

On April 23, 2014, the Corporation issued a total of 8.05 million common shares on a bought-deal basis through a syndicate of underwriters, at a price of $1.45 per share. This included the entire over-allotment option of 1.05 million shares, and generated aggregate gross proceeds of $11,673. A share issue cost of $934 was incurred relating to the issuance of common shares. A deferred tax asset of $249 related to the share issue cost was not recognised.

During the nine-month period ended on September 30, 2014, the Corporation issued 280,420 common shares following the exercise of stock options (30,000 during the nine-month period ended on September 30, 2013) and received cash proceeds in the amount of $368. Contributed surplus was reduced by $160 which represents the recorded fair value of the exercised stock options.

15. Consolidated statements of cash flows

 

    Three months ended   Nine months ended  
    September 30,   September 30,   September 30,   September 30,  
    2014   2013   2014   2013  
    $   $   $   $  
   
  Change in non-cash working capital items                
   
 

Receivables

(117 ) 2,347   188   638  
 

Exploration tax credits receivable

(268 ) (225 ) (800 ) (863 )
 

Inventories

(1,452 ) 673   (3,196 ) (2,061 )
 

Payables, accruals and provisions

(878 ) (294 ) (1,679 ) (5,902 )
   
    (2,715 ) 2,501   (5,487 ) (8,188 )
   
  Supplemental information                
   

 

Change in payables, accruals and provisions related to property, plant and equipment

(545 ) (657 ) (556 ) 4,302  

 

  38
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
 (Unaudited)

In 2014, an amount of $36, included in long-term share-based compensation, was registered as an increase in property, plant and equipment ($128 in 2013). This amount is not included in the investing activities section. Furthermore, in 2014, an amount of $72 included in exploration tax credits receivable, was registered as a reduction in property, plant and equipment ($1,225 in 2013). This amount is not included in the net change in non-cash working capital items.

During the quarter ending June 30, 2014, an amount of $3,124 was transferred from restricted deposits to guaranteed investment certificates. This is not reflected in the consolidated statement of cash flows as it is a non-cash event.

16. Commitments

In light of a modification to Quebec Mining Law, the financial guarantee for each of the Corporation’ s Quebec mining sites must now cover 100% of the anticipated restoration work costs for each mining site. Consequently, the Corporation added to its financial guarantee $474 in the first quarter of 2014, $75 in the third quarter of 2014 and must add an additional $981 in 2014, $1,130 in 2015 and $1,130 in 2016, for a total of $3,790.

In mid-October 2013, the Corporation announced that it had signed a land and mining rights agreement with Argonaut Gold Inc. (“Argonaut”), owner of the Magino Gold Project that is adjacent to the Corporation’s Island Gold Mine. This Agreement was slightly modified in June 2014. Under the revised terms, Argonaut will receive one claim in its entirety and surface and mining rights down to a depth of 400 metres on six claims. It will also receive surface rights on two claims down to a depth of 100 metres. The Corporation will receive two additional claims for a total of three and mining rights below a depth of 400 metres on three claims. As previously mentioned, under the terms of the Agreement, the Corporation will receive a net payment of $2,000 in cash from Argonaut upon completion of the land transactions, which is now expected to take place in a few months.

On August 5, 2014, the Corporation announced that it had signed a definitive agreement to acquire the outstanding 31% ownership of four patented claims on the Island Gold Mine property, thereby increasing its ownership of these claims to 100% from 69% previously. The 31% ownership held by the third party was acquired by the Corporation in return for a 3% net smelter return royalty that is payable on 100% of mineral production from the four claims. As part of this agreement, the Corporation made an advance royalty payment of $1,000 at the closing of the transaction, and will make the following additional future payments: $1,000 each on January 3, 2015 and January 3, 2016 (note 12). In the event that there is production from these claims, advance royalty payments will continue, and will decrease to $300 as of January 3, 2017, and will be paid annually until such time as a total of $5,100 has been paid in royalties (including advance royalties) to the third party, after which advance royalty payments will cease. All advance royal payments will be credited against any future NSR payments.

17. Subsequent events

On October 17, 2014, the Corporation announced the appointment of Mr. Renaud Adams to the position of President and Chief Executive Officer effective November 15, 2014, and the resignation of Jim Gill as a Director of the Corporation.

18. Contingencies

Last year, the Corporation began legal procedures against its former Monique Mine mining contractor for work that had been poorly executed or not executed at all. As at September 30, 2014, a contract holdback amount of $1,000 remains unpaid by the Corporation related to this work. In November 2014, the Corporation received a defense and counterclaim from this former contractor for an amount of $15,500. Management is of the opinion that the basis of this counterclaim is unfounded and, consequently, no provision has been accounted for in the financial statements in this respect.

  39
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

In the second quarter of fiscal 2014, the Corporation amended tax returns relating to certain previous years. Following the amendments, the Corporation believes it is in a position to receive refundable tax credits in excess of $3,700. The Corporation has chosen, at this time, not to account for any asset for such purpose, considering the file complexity, the uncertainties related to the review process and the expected timetable to obtain a settlement. Over the coming months, the Corporation will assess the appropriateness of recording a portion or the entire amount claimed according to the evolution of discussions with the tax authorities.

19. Segmented information

The Corporation operates gold mines at different sites in Quebec and Ontario. These operating sites are managed separately given their different locations. The Corporation assesses the performance of each segment based on earnings before taxes and discontinued operation. Accounting policies for each segment are the same as those used for the preparation of the consolidated financial statements.

There was no difference in 2014 compared to annual financial statements of 2013 in the basis of segmentation or the basis of evaluation of segment result.

        Three months ended September 30, 2014    
  Segmented information             Exploration,      
  concerning the consolidated         Total   corporate      
  income statement Quebec   Ontario   segments   and others   Total  
    $   $   $   $   $  
   
  Revenues 18,587   15,628   34,215   -   34,215  
  Cost of sales 14,652   13,248   27,900   -   27,900  
   
  Gross profit 3,935   2,380   6,315   -   6,315  
   
 

Exploration and project evaluation

558   39   597   (84 ) 513  
 

Administration

-   -   -   1,578   1,578  
 

Loss on disposal of long-term assets

-   6   6   244   250  
 

Other revenues

(2 ) (7 ) (9 ) -   (9 )
   
    556   38   594   1,738   2,332  
   
  Operating earnings (loss) 3,379   2,342   5,721   (1,738 ) 3,983  
   
  Financial expenses 21   7   28   -   28  
  Financial revenues (2 ) -   (2 ) (162 ) (164 )
   
  Earnings (loss) before taxes 3,360   2,335   5,695   (1,576 ) 4,119  
   
 

Addition to property, plant and equipment

182   7,647   7,829   -   7,829  

 

  40
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

      Nine months ended September 30, 2014      
  Segmented information             Exploration,      
  concerning the consolidated         Total   corporate      
  income statement Quebec   Ontario   segments   and others   Total  
    $   $   $   $   $  
   
  Revenues 55,952   46,682   102,634   -   102,634  
  Cost of sales 48,693   38,101   86,794   -   86,794  
   
  Gross profit 7,259   8,581   15,840   -   15,840  
   
  Exploration and project evaluation 1,128   328   1,456   (218 ) 1,238  
  Administration -   -   -   5,682   5,682  
  Loss on disposal of long-term assets -   4   4   248   252  
  Other revenues (6 ) (23 ) (29 ) (7 ) (36 )
   
    1,122   309   1,431   5,705   7,136  
   
  Operating earnings (loss) 6,137   8,272   14,409   (5,705 ) 8,704  
   
  Financial expenses 62   21   83   -   83  
  Financial revenues (3 ) -   (3 ) (304 ) (307 )
   
Earnings (loss) before taxes 6,078   8,251   14,329   (5,401 ) 8,928  
   
  Addition to property, plant and equipment 1,829   16,028   17,857   745   18,602  
   
   
        September 30, 2014      
  Segmented information             Exploration,      
  concerning the consolidated         Total   corporate      
  statement of financial Quebec   Ontario   segments   and others   Total  
  position $   $   $   $   $  
   
  Current assets 18,268   10,379   28,647   32,251   60,898  
  Restricted deposits 369   594   963   46   1,009  
  Property, plant and equipment 10,309   70,353   80,662   2,552   83,214  
   
  Total assets 28,946   81,326   110,272   34,849   145,121  
   
  Current liabilities 8,120   9,622   17,742   5,595   23,337  
  Long-term debt 1,493   1,316   2,809   2,984   5,793  
  Asset retirement obligations 5,512   1,684   7,196   493   7,689  
  Deferred income and mining tax liabilities -   -   -   2,585   2,585  
   
  Total liabilities 15,125   12,622   27,747   11,657   39,404  

 

  41
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

        Three months ended September 30, 2013      
  Segmented information             Exploration,          
  concerning the consolidated         Total   corporate   Discontinued      
  income statement Quebec   Ontario   segments   and others   operation   Total  
    $   $   $   $   $   $  
   
  Revenues 11,059   11,058   22,117   -   (965 ) 21,152  
  Cost of sales 7,517   11,913   19,430   -   (775 ) 18,655  
   
  Gross profit 3,542   (855 ) 2,687   -   (190 ) 2,497  
   
  Exploration and project evaluation 542   1,401   1,943   175   (137 ) 1,981  
  Administration -   -   -   1,805   -   1,805  
  Loss (gain) on disposal of long-term assets (1 ) 82   81   -   1   82  
  Other revenues (8 ) (12 ) (20 ) (3 ) -   (23 )
   
    533   1,471   2,004   1,977   (136 ) 3,845  
   
  Operating earnings (loss) 3,009   (2,326 ) 683   (1,977 ) (54 ) (1,348 )
   
  Financial expenses 14   5   19   4   -   23  
  Financial revenues (1 ) (2 ) (3 ) (49 ) -   (52 )
   
  Earnings (loss) before taxes and discontinued operation 2,996   (2,329 ) 667   (1,932 ) (54 ) (1,319 )
   
  Net loss from                        
  discontinued operation (708 ) -   (708 ) -   -   (708 )
   
  Addition to property, plant                        
  and equipment (518 ) 7,005   6,487   -   -   6,487  

 

  42
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Three-month and nine-month periods ended September 30, 2014 and 2013 (in thousands of Canadian dollars)
(Unaudited)

        Nine months ended September 30, 2013      
  Segmented information             Exploration,          
  concerning the consolidated         Total   corporate   Discontinued      
  income statement Quebec   Ontario segments   and others   operation   Total  
    $   $   $   $   $   $  
   
  Revenues 29,155   35,067   64,222   -   (1,837 ) 62,385  
  Cost of sales 22,903   33,729   56,632   -   (1,807 ) 54,825  
   
  Gross profit 6,252   1,338   7,590   -   (30 ) 7,560  
   
 

Exploration and project evaluation

1,853   4,020   5,873   1,073   -   6,946  
  Administration -   -   -   5,498   -   5,498  
 

Loss (gain) on disposal of long-term assets

(17 ) 83   66   34   17   117  
  Other revenues (17 ) (37 ) (54 ) (3 ) 4   (53 )
   
    1,819   4,066   5,885   6,602   21   12,508  
   
  Operating earnings (loss) 4,433   (2,728 ) 1,705   (6,602 ) (51 ) (4,948 )
   
  Financial expenses 43   14   57   16   -   73  
  Financial revenues (12 ) (2 ) (14 ) (432 ) 3   (443 )
   
 

Earnings (loss) before taxes and discontinued operation

4,402   (2,740 ) 1,662   (6,186 ) (54 ) (4,578 )
   
 

Net loss from discontinued operation

(708 ) -   (708 ) -   -   (708 )
   
 

Addition to property, plant and equipment

10,191   19,485   29,676   373   -   30,049  
   
   
          December 31, 2013 (Audited)      
  Segmented information             Exploration,      
  concerning the consolidated           Total   corporate      
  statement of financial     Quebec   Ontario   segments   and others   Total  
  position     $   $   $   $   $  
   
  Current assets     11,479   7,710   19,189   17,040   36,229  
  Restricted deposits     107   594   701   2,720   3,421  
  Property, plant and equipment   18,193   62,184   80,377   3,301   83,678  
   
  Total assets     29,779   70,488   100,267   23,061   123,328  
   
  Current liabilities     7,876   9,943   17,819   4,458   22,277  
  Long-term debt     1,573   2,912   4,485   711   5,196  
  Asset retirement obligations   5,451   1,662   7,113   490   7,603  
 

Deferred income and mining tax liabilities

  -   -   -   1,899   1,899  
   
  Total liabilities     14,900   14,517   29,417   7,558   36,975  

 

20. Approval of Financial Statements

The interim consolidated financial statements for the period ending September 30, 2014 were approved for publication by the Board of Directors on November 5, 2014.

  43
NOVEMBER 6, 2014 RICHMONT MINES INC.

 





   


www.richmont-mines.com






Exhibit 99.3


FORM 52-109F2R
CERTIFICATE OF REFILED INTERIM FILINGS

This certificate is being filed on the same date that Richmont Mines Inc. (the "issuer") has refiled its interim consolidated financial statements for the interim period ended September 30, 2014.

I Renaud Adams, President and Chief Executive Officer of the Issuer, certify the following:

1.

Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of the issuer for the interim period ended September 30, 2014.

 

2.

No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.

 

3.

Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

 

4.

Responsibility: The issuer’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as those terms are defined in Regulation 52-109 respecting Certification of Disclosure in Issuers’ Annual and Interim Filings (c. V-1.1, r. 27), for the issuer.

 

5.

Design: Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer’s other certifying officer and I have, as at the end of the period covered by the interim filings

   

(a)

designed DC&P, or caused it to be designed under our supervision, to provide reasonable assurance that

   

(i)

material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared; and

 

(ii)

information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and

   

(b)

designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP.

   

  5.1

Control framework: The control framework the issuer’s other certifying officer and I used to design the issuer’s ICFR is « Integrated Framework (COSO Framework) published by The Committee of Sponsoring Organizations of the Treadway Commission (COSO) ».

1





5.2

ICFR – material weakness relating to design: N/A

 

5.3

Limitation on scope of design: N/A

 

  6.

Reporting changes in ICFR: The issuer has disclosed in its interim MD&A any change in the issuer’s ICFR that occurred during the period beginning on July 1st, 2014 and ended on September 30, 2014 that has materially affected, or is reasonably likely to materially affect, the issuer’s ICFR.

Date: January 30, 2015

Renaud Adams (signed)
Renaud Adams, Eng.
President and Chief Executive Officer

2






Exhibit 99.4


FORM 52-109F2R
CERTIFICATE OF REFILED INTERIM FILINGS

This certificate is being filed on the same date that Richmont Mines Inc. (the "issuer") has refiled its interim consolidated financial statements for the interim period ended September 30, 2014.

I Nicole Veilleux, Vice-President, Finance of the Issuer, certify the following:

1.

Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of the issuer for the interim period ended September 30, 2014.

 

2.

No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.

 

3.

Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

 

4.

Responsibility: The issuer’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as those terms are defined in Regulation 52-109 respecting Certification of Disclosure in Issuers’ Annual and Interim Filings (c. V-1.1, r. 27), for the issuer.

 

5.

Design: Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer’s other certifying officer and I have, as at the end of the period covered by the interim filings

   

(a)

designed DC&P, or caused it to be designed under our supervision, to provide reasonable assurance that

   

(i)

material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared; and

 

(ii)

information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and

   

(b)

designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP.

   

  5.1

Control framework: The control framework the issuer’s other certifying officer and I used to design the issuer’s ICFR is « Integrated Framework (COSO Framework) published by The Committee of Sponsoring Organizations of the Treadway Commission (COSO) ».

1





5.2

ICFR – material weakness relating to design: N/A

 

5.3

Limitation on scope of design: N/A

  6.

Reporting changes in ICFR: The issuer has disclosed in its interim MD&A any change in the issuer’s ICFR that occurred during the period beginning on July 1st, 2014 and ended on September 30, 2014 that has materially affected, or is reasonably likely to materially affect, the issuer’s ICFR.

Date: January 30, 2015

Nicole Veilleux (signed)
Nicole Veilleux, CPA, CA
Vice-President, Finance

2



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