ISLAND GOLD MINE
Location:
Canada, Ontario
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Property NewsFebruary 10, 2012 Richmont Mines Inc. announced new drilling results for Island Gold Mine, located in Canada. January 21, 2011 Richmont Mines Inc. released 2010 gold sales figures, to provide guidance for gold production levels in 2011, and to update its reserve and resource calculations as of December 31, 2010. Highlights: 2010 gold sales of 68,123 ounces, up 14% year-over-year and 5% above forecasted 65,000 ounces. Q4/2010 gold sales of 18,591 ounces, a 43% increase over Q4/2009 gold sales of 13,029 ounces. Estimated Measured and Indicated resources at the Island Gold Mine increased to 188,511 gold ounces at December 31, 2010, versus 154,813 Au ounces last year. August 6, 2010 Richmont Mines announced financial and operational results for its second quarter ended June 30, 2010. Revenue for the second quarter of 2010 was $20.7 million, a notable 32% year-over-year improvement over the $15.7 million of revenue generated in the second quarter of 2009. This was driven by an 18% increase in the number of gold ounces sold to 15,607, from 13,250 gold ounces in the prior year, in addition to a higher average realized sales price of US$1,218 (CAN$1,259) per gold ounce, versus the comparable US$941 (CAN$1,075) in the prior year. |
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