Member Company Profile

Richmont Mines currently produces gold from the Island Gold Mine in Ontario, and the Beaufor Mine in Quebec. In the first half of 2017, the cornerstone Island Gold Mine achieved strong operational and cost performance driving robust cash flow streams even during a period of accelerated investment in strategic expansion and exploration programs. The results of the Island Gold Mine Expansion Case Preliminary Economic Assessment (“PEA”) were released during the second quarter, supporting strong production growth at low industry cash costs and a robust cash flow stream over an initial eight-year period. In the second half of 2017, Richmont will continue to focus on further unlocking the potential of the Island Gold Mine as the operation establishes itself as one of the lowest cost producers in the Americas.

With more than 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.

Richmont is listed on the TSX and NYSE exchanges and has a solid balance sheet with minimal long-term debt.

IR Contact

Anne Day
+1 (416) 368-0291
[email protected]
www.richmont-mines.com

Address

181 Bay Street, Brookfield Place, Suite 810
Toronto, ON M5J 2T3
Canada

Cautionary Information

© Copyright 2017, Denver Gold Group & Richmont Mines Inc..
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Cautionary Statement Regarding Forward Looking Statements, Including Outlook

This information contains forward-looking statements that include risks and uncertainties. When used in this presentation, the words “estimate”, “projects”, “anticipate”, “expects”, “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 required by law or regulation, Richmont Mines Inc. (“Richmont” or the “Corporation”) undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements of 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 the ability to ramp up productivity to 1,100 tonnes per day in a timely manner, the ability to achieve the enhanced production levels expected, the ability to realize further expansion scenarios, any increases in capital and development or infrastructure costs, changes in the prevailing price of gold, the Canadian-U.S. 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 detailed from time to time in Richmont’s Annual Information Form and other public disclosure.

Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resources Estimates

The resource estimates in this presentation were prepared in accordance with National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”) adopted by the Canadian Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a Measured or Indicated Resource will ever be converted into “Reserves”. Furthermore. “Inferred Resources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be upgraded to a more certain category.

For additional information regarding the Mineral Reserves and Resources referred to in this presentation, please refer to the press release dated Jan. 31, 2017 reporting Richmont’s Mineral Reserve and Resource estimates as of Dec. 31. 2016.

An NI 43-101 Technical Report for the Island Gold Mine Expansion Case Preliminary Economic Assessment (“PEA”) is available on www.sedar.com.

U.S. Investors are urged to consider the disclosure in our annual report on Form 40-F. File No. 001-14598, which may be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.

Richmont Mines Inc.

Toronto Stock Exchange : RIC

Last Updated: August 18, 2017

Corporate Materials
Status: Producer
Primary Mineral: Gold
Primary Country of Operation: Canada
Value Drivers
  • Quality asset base in Canada with growing production profile and declining cost structure
  • Solid cash position of C$96M (as of June 30/17) and low share count of 64 million shares
  • Cornerstone Island Gold Mine on-track to beat annual production and cost guidance

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • Van Eck Associates Corporation
  • Renaissance Technologies LLC
  • RBC Global Asset Management
Management
Chairman: Rene Marion
CEO: Renaud Adams
CFO: Robert J. Chausse
Other Key Staff: Anne Day - SVP, Investor Relations
Christian Bourcier - VP, Operations
Steve Burleton - VP, Business Development
Nicole Veilleux - VP, Finance
Daniel Adam - VP, Exploration
Capital Structure
Common Shares Outstanding: 63,760,524
Float (%): 95.00
Restricted Stock Units: 394,923
Options Outstanding: 2,143,193
Fully Diluted Shares: 66,298,640
Stock as of Sep 25, 2017 5:42 PM MST | Exchange: Toronto Stock Exchange
Last Trade: Sep 25, 2017 8:00 PM MST Local: CAD Ch. Since Last
Last Price 12.36 0.15, 1.2285% 9.99
Volume 280.08 K
Avg. Vol. 361.08 K
Bid 12.22 12.07 9.88
Mid 12.31 12.16 9.95
Ask 12.40 12.25 10.02
Open 12.16 12.01 9.83
High 12.42 12.27 10.04
Low 11.98 11.83 9.68
Close 12.21 12.06 9.87
52-Wk High 14.16 14.01 11.45
52-Wk Low 7.36 7.21 5.95
1-Wk High 12.58 12.43 10.17
1-Wk Low 11.98 11.83 9.68
Dividend 0.00 0.00
EPS 0.26 0.21
Market Cap 788.37 M 788.37 M 637.32 M
Price 1 Wk Ago 12.50 12.35 10.11
Price 1 Mnth Ago 10.13 9.98 8.19
Price 3 Mnth Ago 10.54 10.39 8.52
Price 6 Mnth Ago 9.72 9.57 7.86
Price 1 Yr Ago 13.71 13.56 11.08

IR Contact

Anne Day
+1 (416) 368-0291
[email protected]
www.richmont-mines.com

Address

181 Bay Street, Brookfield Place, Suite 810
Toronto, ON M5J 2T3
Canada

Cautionary Information

© Copyright 2017, Denver Gold Group & Richmont Mines Inc..
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Cautionary Statement Regarding Forward Looking Statements, Including Outlook

This information contains forward-looking statements that include risks and uncertainties. When used in this presentation, the words “estimate”, “projects”, “anticipate”, “expects”, “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 required by law or regulation, Richmont Mines Inc. (“Richmont” or the “Corporation”) undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements of 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 the ability to ramp up productivity to 1,100 tonnes per day in a timely manner, the ability to achieve the enhanced production levels expected, the ability to realize further expansion scenarios, any increases in capital and development or infrastructure costs, changes in the prevailing price of gold, the Canadian-U.S. 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 detailed from time to time in Richmont’s Annual Information Form and other public disclosure.

Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resources Estimates

The resource estimates in this presentation were prepared in accordance with National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”) adopted by the Canadian Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a Measured or Indicated Resource will ever be converted into “Reserves”. Furthermore. “Inferred Resources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be upgraded to a more certain category.

For additional information regarding the Mineral Reserves and Resources referred to in this presentation, please refer to the press release dated Jan. 31, 2017 reporting Richmont’s Mineral Reserve and Resource estimates as of Dec. 31. 2016.

An NI 43-101 Technical Report for the Island Gold Mine Expansion Case Preliminary Economic Assessment (“PEA”) is available on www.sedar.com.

U.S. Investors are urged to consider the disclosure in our annual report on Form 40-F. File No. 001-14598, which may be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.