Richmont Mines Inc.

Richmont Mines has produced over 1.5 million ounces of gold in Canada, and currently operates the Island Gold and Beaufor mines. The Corporation is developing a high-grade million ounce Inferred resource below its producing mine in Ontario, thereby laying the foundation to become a lower-cost, long-life gold producer in a mining-friendly and safe jurisdiction. By unlocking the value of this asset, Richmont will be well-positioned to generate greater free cash flow and annual gold production, and to deliver years of high-quality growth. Richmont has over 20 years of gold production experience, a solid financial position, and less than 60 million shares outstanding.

Expert Comments:

Brent Cook, Exploration Insights (8/9/15)
"Richmont Mines Inc. extended the Island Gold main development ramp to a 700m depth and extended the 620-level drift to 478m; these development programs are aimed at accessing the higher-grade gold mineralization that is hosted in thicker veins deeper in the deposit. Therein lies the upside in the company."

Brian Szeto, PI Financial (8/6/15)
"Richmont Mines Inc. announced its Q2/15 financial results. . .earnings per share was CA$0.05, which was in-line with our estimate of CA$0.05 and consensus estimate of CA$0.06. Cash flow per share was CA$0.18 versus our estimate and consensus of CA$0.14. . .we view the Q2/15 results positively as the company has increased its production guidance for the year while lowering its cash cost estimates. Despite a heavy capital expenditures program this year. . .Richmont has still managed to increase its cash position, which demonstrates that it is able to generate positive free cash flow even in a lower gold price environment."

Jefferson Research (7/24/15)
"Richmont Mines Inc. is showing strong earnings quality, cash flow quality, and balance sheet quality, and valuation suggests a lower amount of price risk. . .during the last quarter the overall rating improved."

Kevin Chiew, CIBC World Markets (7/14/15)
"Richmont Mines Inc. reported Q2/15 gold production results with 26,314 oz (sales of 27,566 oz), better than our estimate of 21,000 oz. Leading the strong quarter results was Island Gold, which generated 14,997 oz on the back of robust mining and milling productivity; mill throughput reached in excess of 800 tpd in both May and June."

Michael Gray, Macquarie Capital Markets (7/13/15)
"We would be buyers of Richmont Mines Inc.'s stock ahead of a potential upward revision to guidance on August 6 as well as the expected preliminary results of the mining and milling studies by the end of Q3/15. Today the company announced Q2/15 results of 26 Koz gold (vs. our 21 Koz forecast) with strong production from Island Gold at 15 Koz gold (vs. our 11 Koz forecast). . .we reiterate our Outperform recommendation and price target of CA$7.25. We like Richmont for its high-grade Lower Extension zone at the Island Gold mine located in Canada and its asymmetric leverage to the weakening Canadian dollar."

Brian Szeto, PI Financial (7/13/15)
"Richmont Mines Inc. announced its Q2/15 production. . .25,314 oz across its three operating mines (Island Gold, Beaufor and Monique), which came in better than our estimate of 21,500 oz. . .due to strong than expected production across all three assets. . .although production at Monique will be significantly less in H2/15 as it moves into care and maintenance, if the company continues to systematically increase its throughput rate at Island Gold, we may see an increase in Richmont's full-year guidance in the coming months."

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Kevin Chiew, Analyst – CIBC World Markets
Brent Cook, Analyst, Geologist Exploration Insights
Christopher De Sousa Seeking Alpha
Vivien Diniz, Author Resource Investing News
Daniel Earle, Analyst - Uranium – TD Newcrest
Michael Gray, Analyst – Macquarie Capital Markets
Chris Mancini, Research Analyst – Gabelli Gold Fund
Adam Melnyk – Desjardins Securities
Raj Ray, Analyst – National Bank of Canada
Florian Siegfried, Senior Portfolio Manager – AgaNola
Ron Stewart, Analyst – Macquarie Equity Research
Brian Szeto, Analyst – PI Financial
Jeff Wright – Wolfpack Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Significant long-term production upside with low risk in Ontario
Developing million-ounce gold resource below producing Island gold mine
20+ years of gold production experience in Canada
Richmont Mines Inc. Content