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Richmont Mines reports strong Q2 despite lower output, earnings; could exceed FY guidance

Boutique gold miner Richmont Mines has reported a slight drop in output and net earnings for the second quarter ended June 30, as a 24% improved performance at its Island Gold mine largely offset the depletion of the Monique stockpile earlier this year.
Adjusted earnings per share came in at C$0.07, beating analyst expectations by C$0.01 a share.