Gold producer Richmont Mines has increased the compliant proven and probable reserves at its two largest operations by 187%, lifting the reserves at its flagship Island Gold mine near Wawa, Ontario, by 206% (net of depletion) and a 29% increase in the reserve grade.
As of December 31, the TSX- and NYSE MKT-listed miner now boasted total reserves at the Island mine of 561 700 oz of gold at a reserve grade of 8.26 g/t.
