Rouyn-Noranda, Quebec
Richmont Mines‘ (RIC, TSX) has been one of the best-performing stocks on the entire TSX this year and for many good reasons. This is a well-managed company with a growing production profile. It’s benefiting tremendously from record-high Gold prices as well as exploration success at Wasamac. Richmont, which expects Gold sales of 80,000 to 85,000 ounces this year, closed today at a new all-time high of $12.15 on the TSX for a gain of exactly $1 per share. The company has just 31.7 million shares outstanding with a third operating mine (Francoeur) scheduled to commence commercial production during the first quarter of next year. Wasamac is expected to eventually take Richmont to 200,000+ ounces in annual production.
Today we had the pleasure of sitting down for more than an hour with Richmont President and CEO Martin Rivard. Part 1 of Jon’s discussion with Martin is about 17 minutes in length and focuses on the company’s financials as well as the Island Gold Mine and the Beaufor Mine. A fascinating discussion regarding Wasamac will be posted in the next two or three days.
BMR Interview With Richmont CEO (Part 1, Sept. 16)
Richmont Mines' President and CEO Martin Rivard with a Wasamac map in the Richmont board room.
Very good interview, the Wasamac edition should be very interesting indeed.
Comment by Ed — September 17, 2011 @ 1:02 pm