TORONTO, July 13, 2017 /PRNewswire/ --
TSX - NYSE: RIC
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 http://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.
Renaud Adams, President and CEO, Phone: 416 368-0291
ext. 101; Anne Day, Senior
Vice-President, Investor Relations, Phone: 416 368-0291 ext.
105