Richmont: Island Gold Mine Posts Record Quarterly Output
Richmont Mines Inc. (TSX, NYSE: RIC), which has agreed to be acquired by Alamos Gold, reports third-quarter production at the Island Gold Mine hit a record 26,659 ounces. Production was helped by a higher-than-planned grade of 10.04 grams per tonne, with the mine now positioned to exceed the high end of annual production guidance of 87,000 to 93,000 ounces, Richmont says. The transaction with Alamos is scheduled to be completed around Nov. 23.
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