Past year: ▲ 35%(8.70 – 11.72 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
27 July 2017drilling result▲ Good
Richmont reported more Island Gold drilling, including hole MH8-4 at 19.85 g/t gold over 8.4 metres (true width) about 1,300 metres below surface in the down plunge extension. The company says this area remains open to at least 1,350 metres vertical depth. This continues the 2017 drilling program; the planned deep directional program is now stated as 36,000 metres, of which 14,059 metres are drilled.
14 July 2017resource reserve update● Neutral
Richmont announced it filed the technical report supporting the May 29, 2017 Island Gold Expansion Case PEA. It adds no new figures; the report is on SEDAR.
30 May 2017resource reserve update▲ GoodMajor
Richmont released the Preliminary Economic Assessment for Island Gold that had been under way. It outlines raising mine and mill output from 900 to 1,100 tonnes per day, for about 115,000 ounces a year on average over 8 years (125,000 excluding the 2017-2018 ramp-up), with about C$28.2 million of incremental capital and cash costs of about C$650 per ounce. It is a preliminary study, not a production decision, and it uses only about 24% of the inferred resources.
30 Mar 2017drilling result▲ Good
Richmont reported new drilling results at Island Gold, led by hole GD-640-05 with 20.6 g/t gold over 11.3 metres (core length), about 800 metres east of the main deposit. It follows the January 2017 reserve growth; the company says more drilling is needed to understand the geometry and true width, and it is adding a second directional rig there. 2017 plans include 30,000 metres of delineation drilling and 16,000 metres of deep directional drilling plus 20,000 metres underground.
20 Mar 2017resource reserve update● Neutral
Richmont filed the technical report for the Island Gold Mine supporting the 2016 reserves and resources announced on January 31, 2017. It adds no new figures.
31 Jan 2017drilling result▲ GoodMajor
Richmont reported year-end 2016 reserves. Island Gold's proven and probable reserves rose 34% to 752,200 ounces at 9.17 g/t, with inferred resources of 995,700 ounces at 10.18 g/t. Beaufor's reserves fell 30% to 44,920 ounces, because drilling did not offset mining and some low-grade blocks were removed. The company was then producing from both mines.
4 Sept 2008drilling progress report● Neutral
Richmont and LKA agreed to extend the initial commitment period so the current Golden Wonder drilling program can be completed, with drilling underway. LKA appears to be the Golden Wonder counterparty (inference from the headline). This continues the 2008 joint venture.
1 Nov 2007drilling progress report● Neutral
Richmont issued an update on the exploration program at its Beaufor Mine. The text provided contains only the headline, with no results or figures.
30 Oct 2007drilling result▲ Good
Richmont reported exploration results and updates, including completion of exploration work to acquire a 70% interest in a property whose name is cut off in the text at 'Valentine La…'. No results or figures are included in the excerpt.
5 Mar 2007drilling result● Neutral
Richmont announced drill results for the Island Zone of its Island Gold property. The filing text provided is only the cover page and headline, so no hole results or figures are available.
