TORONTO, March 20, 2017 /PRNewswire/ --
Richmont Mines Inc. (TSX - NYSE: RIC) ("Richmont" or
the "Corporation"), announced the filing of a technical report for
the Island Gold Mine with respect to the updated 2016 Reserves and
Resources announced on January 31,
2017. The technical report supports the scientific and
technical disclosure in that press release. The Technical Report is
available at http://www.sedar.com.
About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine
in Ontario, and the Beaufor Mine
in Quebec. The Corporation is also
advancing development of the significant high-grade resource
extension at depth of the Island Gold Mine in Ontario. With 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.
Forward-Looking Statements
This news release contains forward-looking statements that
include risks and uncertainties. When used in this news release,
the words "estimate", "project", "anticipate", "expect", "intend",
"believe", "hope", "may", "objective" 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 may be
required by law or regulation, the Corporation undertakes no
obligation and disclaims any responsibility to publicly update or
revise any forward-looking statements or 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,
without limitation, changes in the prevailing price of gold, the
Canadian-United States exchange rate, grade of ore mined and
unforeseen difficulties in mining operations and mine development
that could affect revenue and production costs and future
production. Other factors such as uncertainties regarding
government regulations could also affect the results. Other risks
may be set out in Richmont Mines' Annual Information Form, Annual
Reports and periodic reports. The forward-looking information
contained herein is made as of the date of this news release.
Cautionary note to US investors concerning resource
estimates
Information in this press release is intended to comply with the
requirements of the Toronto Stock Exchange and applicable Canadian
securities legislation, which differ in certain respects with the
rules and regulations promulgated under the United States
Securities Exchange Act of 1934, as amended ("Exchange Act"),
as promulgated by the SEC. The requirements of National
Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101") adopted by the Canadian Securities
Administrators differ significantly from the requirements of the
United States Securities and Exchange Commission (the "SEC").
U.S. Investors are urged to consider the disclosure in our
annual report on Form 20-F, File No. 001-14598, as filed with the
SEC under the Exchange Act, which may be obtained from us (without
cost) or from the SEC's web site: http://sec.gov/edgar.shtml .
National Instrument 43-101
The geological data in this news release has been reviewed by
Mr. Daniel Adam, Geo., Ph.D.,
Vice-President, Exploration, an employee of Richmont Mines Inc.,
and a qualified person as defined by NI 43-101.
For more information, please
contact:
Renaud Adams
President and CEO
Phone: +1-416-368-0291 ext. 101
Anne Day
Senior Vice-President, Investor Relations
Phone: +1-416-368-0291 ext. 105