TSX - NYSE: RIC
TORONTO, July 13, 2017 /PRNewswire/ - Richmont Mines
Inc. (TSX: RIC) (NYSE: RIC) ("Richmont" or the "Corporation"),
announced the filing of a Technical Report for the Island Gold Mine
with respect to the Expansion Case Preliminary Economic Assessment
announced on May 29, 2017. The
Technical Report supports the scientific and technical disclosure
in that press release. The Technical Report is available at
www.sedar.com.
About Richmont Mines Inc.
Richmont Mines 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 35 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.
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",
"objective" 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 or
regulation, 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,
without limitation, changes in the prevailing price of gold, the
Canadian-United States exchange rate, grade of ore mined and
unforeseen difficulties in mining operations and mine development
that could affect revenue and production costs and future
production. Other factors such as uncertainties regarding
government regulations could also affect the results. Other risks
may be set out in Richmont's 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 this press release is 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 United States Securities
and Exchange Commission (the "SEC"). The requirements of National
Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI 43-101") adopted by the Canadian Securities
Administrators differ significantly from the requirements of 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.
National Instrument 43-101
The scientific or technical
information in this press release has been reviewed by Mr.
Daniel Adam, Geo., Ph.D.,
Vice-President, Exploration, and Leon
LeBlanc, P. Eng., Chief Engineer, both employees of Richmont
Mines Inc., who are qualified persons as defined by NI 43-101.
SOURCE Richmont Mines