Richmont Mines Grows Q2 Production

Richmont Mines reported Thursday increased gold production for Q2 compared to last year while reiterating its output guidance for the year. During the quarter, the company produced 31,249 ounces at cash costs of CAD725 ($539) per ounce. For the same period last year, production was 23,320 ounces at cash costs of CAD895 per ounce.

For the year, the company still expects to produce 110,000-120,000 ounces of gold, with 23,000-27,000 ounces coming from Beaufor Mine and 87,000-93,000 ounces from the Island Gold Mine.

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