TORONTO, March 28, 2016 /CNW Telbec/ - Richmont Mines
Inc. (TSX: RIC) (NYSE MKT: RIC) ("Richmont" or the "Corporation"),
today announced the filing of technical reports for the Island Gold
and Beaufor Mines with respect to the updated 2015 Reserves and
Resources announced on February 9,
2016. The technical reports support the scientific and
technical disclosure in that press release. The Technical Reports
are available at www.sedar.com.
About Richmont Mines Inc.
Richmont Mines has produced over 1.5 million ounces of gold from
its operations in Quebec,
Ontario and Newfoundland since beginning production. The
Corporation currently produces gold from the Island Gold Mine in
Ontario, and the Beaufor Mine in
Quebec. The Corporation is also
advancing development of the significant high-grade resource
extension at depth of the Island Gold Mine in Ontario. With 25 years of experience in gold
production, exploration and development, and prudent financial
management, the Corporation is well-positioned to cost-effectively
build its Canadian reserve base and to successfully enter its next
phase of growth. Richmont routinely posts news and other important
information on its website (www.richmont-mines.com).
Forward-Looking Statements
This news release contains forward-looking statements that include
risks and uncertainties. When used in this news release, the words
"estimate", "project", "anticipate", "expect", "intend", "believe",
"hope", "may" and similar expressions, as well as "will", "shall"
and other indications of future tense, are intended to identify
forward-looking statements. The forward-looking statements are
based on current expectations and apply only as of the date on
which they were made. Except as may be required by law, the
Corporation undertakes no obligation and disclaims any
responsibility to publicly update or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise.
The factors that could cause actual results to differ materially
from those indicated in such forward-looking statements include
changes in the prevailing price of gold, the Canadian-United States
exchange rate, grade of ore mined and unforeseen difficulties in
mining operations that could affect revenue and production costs.
Other factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be set
out in Richmont Mines' Annual Information Form, Annual Reports and
periodic reports. The forward-looking information contained herein
is made as of the date of this news release.
Cautionary note to US investors concerning resource
estimates
Information in these technical reports are intended to comply with
the requirements of the Toronto Stock Exchange and applicable
Canadian securities legislation, which differ in certain respects
with the rules and regulations promulgated under the United States
Securities Exchange Act of 1934, as amended ("Exchange Act"),
as promulgated by the SEC. The Reserve and Resource estimates in
these technical reports were prepared in accordance with
Regulation 43‑101 adopted by the Canadian Securities
Administrators. The requirements of Regulation 43-101 differ
significantly from the requirements of the United States Securities
and Exchange Commission (the "SEC").
U.S. Investors are urged to consider the disclosure in our
annual report on Form 20-F, File No. 001-14598, as filed with the
SEC under the Exchange Act, which may be obtained from us (without
cost) or from the SEC's web site: http://sec.gov/edgar.shtml.
Regulation 43-101
The geological data in these technical reports has been reviewed by
Mr. Daniel Adam, Geo., Ph.D.,
Vice-President, Exploration, an employee of Richmont Mines Inc.,
and a qualified person as defined by Regulation 43-101.
Visit our Facebook page
SOURCE Richmont Mines