TORONTO, June 13, 2016 /PRNewswire/ - Richmont Mines Inc.
(TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation")
is pleased to announce that it will be added to the S&P/TSX
Global Mining Index and the S&P/TSX Global Gold Index,
effective after the close of trading on Friday, June 17, 2016. S&P Dow Jones Canadian
Index Services announced this addition on June 10, 2016, following results of their
quarterly review.
"The addition of Richmont to the S&P/TSX Global Mining and
Global Gold Indices is another important milestone for Richmont and
recognizes the progress we continue to make in unlocking the
potential of the Island Gold Mine," stated Mr. Renaud Adams, President and CEO. "We are
confident that the inclusion in these indices will improve trading
liquidity and expose Richmont to a much broader range of
investors."
The S&P/TSX Global Gold Index is a subset of the S&P/TSX
Global Mining Index, which is designed to provide an investable
index of global securities involved in the exploration and
production of gold. For more information, visit:
www.standardandpoors.com.
About Richmont Mines Inc.
Richmont Mines has produced
over 1.6 million ounces of gold from its operations in
Quebec, Ontario and Newfoundland since beginning production in
1991. The Corporation currently produces gold from the Island Gold
Mine in Ontario and the Beaufor
Mine in Quebec. Founded in 1981
and with more than 35 years of experience in gold production,
exploration and development, combined with prudent financial
management, the Corporation is well positioned to cost-effectively
build its Canadian asset base and to successfully advance its next
phase of growth.
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.
SOURCE Richmont Mines