Richmont’s Island Gold drives strong quarterly gold production, performance

August 4, 2017

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Small-scale gold producer Richmont Mines has reported a strong operating and financial performance for the second quarter ending June 30, driven by solid results from its flagship Island Gold mine, in Ontario. The company produced 31 249 oz of gold and sold 35 040 oz in the quarter, with 26 110 oz of gold (29 534 oz sold) produced by Island Gold mine. Richmont’s cash costs for the quarter were $539/oz, positively impacted by Island Gold’s record low cash costs of $431/oz.

Category: General