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Richmont Mines Inc.

Richmont Mines has produced over 1.5 million ounces of gold in Canada since beginning production, has a solid financial position, limited long-term debt and under 50M shares outstanding. The Corporation currently produces gold in Quebec, as well as in Ontario where it is developing the deep resource extension of its Island Gold Mine. As at December 31, 2013, this estimated deep resource contained Inferred resources of 3.2M tonnes grading 9.29 g/t Au for 169,000 ounces, and additional Indicated resources of 456,000 tonnes grading 11.52 g/t Au for 955,000 ounces. Richmont is focused on transforming Island Gold into a long-life, high production and low cost operation, able to potentially deliver years of industry-leading high-quality growth from a mining-friendly and safe jurisdiction.

Expert Comments:

Christopher De Sousa, Seeking Alpha (2/26/15)
"Richmont Mines Inc. beat earnings estimates by $0.03 per share on strong gold sales at its Quebec assets. The company doubled its cash position, reflecting a 689% gain in operating cash flows in 2014. . .Richmont Mines sold more gold at lower cash costs per ounce. . .and plans to invest $48.3M in the development of the Island Gold mine this year to access deeper, high-grade resources, which should expand mine life and cash flows. . .we remain bullish on Richmont Mines, as the company positions itself for future growth through expanding its Island Gold operation and improving the cost efficiency at its Beaufor gold mine."

Jeff Wright, H.C. Wainwright & Co. (2/20/15)
"For FY14, Richmont Mines Inc. reported earnings of CA$8.2M, or CA$0.18/ share, on revenues of CA$132.2M. . .the company continues to focus on the development of the high-grade Island Gold mine. We expect a robust 2015 capital expenditure budget of CA$56M, with the majority being spent at Island Gold through a combination of drilling programs, exploration drifts and ramp extensions."

Brian Szeto, PI Financial (2/20/15)
"Richmont Mines Inc. announced its Q4/14 financial results. . .adjusted Q4/14 earnings per share was $0.02, which was in-line with our estimate of $0.03 but ahead of consensus estimate of ($0.01). . .with 2014 behind us, the company is now focused on implementing its capital expenditure and exploration programs for 2015, which total $56M where the majority of funds will be allocated toward the development of the high-grade Island Gold Deep zone. . .the incorporation of this new zone into its mine plan is key to its production growth profile. . .we have updated our. . .target price to $5.10 per share (was $5.00)."

Hard Asset Investments, Seeking Alpha (2/19/15)
"For the year, Richmont Mines Inc. sold 94,503 oz gold (49% increase from 2013) at annual cash costs per ounce of $866 (15% decrease); Q4/14 gold sales were 21,666 oz at $864 cash costs, so the company finished off the year strong. Most notably, operating cash flow jumped 689% in 2014 to $27.3M, or $0.60/share."

Brian Szeto, PI Financial (2/11/15)
"Richmont Mines Inc. announced the closing of its previously announced CA$38.5M equity financing on Feb. 11, 2015. . .the proceeds are expected to help fund the company's 2015 capital expenditure and exploration programs which total CA$56.3M. The majority of the amount to be spent will be allocated toward the development of the higher-grade Island Gold Deep zone, which has substantially higher grade relative to the upper portion of the mine where mining is currently taking place."

Christopher De Sousa, Seeking Alpha (1/23/15)
"Richmont Mines Inc. increased gold production by 45% in 2014. . .we remain bullish on the company's growth prospects at Island Gold, and on its strong liquidity position, where cash has more than doubled over the year."

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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