Transcript
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FORWARD LOOKING STATEMENTS
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resource Estimates
This presentation contains forward-looking statements that include risks and uncertainties. The factors that couldcause actual results to differ materially from those indicated in such forward-looking statements include changes in theprevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in miningoperations that could affect revenue and production costs. Other factors such as uncertainties regarding governmentregulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’speriodic reports and annual notice.
The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the CanadianSecurities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United StatesSecurities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and“Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does notrecognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineraldeposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserveunless the determination has been made that the mineralization could be economically and legally extracted at the timethe determination is made. United States investors should not assume that all or any portion of a Measured orIndicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount ofuncertainty as to their existence and whether they can be mined economically or legally, and United States investorsshould not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever beupgraded to a more certain category.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which maybe obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)
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RICHMONT MINES OVERVIEW
Quality Asset Base in Canada
Growing Production Profile
Decreasing Cost Structure
Growing Cash Flow Streams
Significant Exploration Potential
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (59M)
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CAPITAL STRUCTURECapital Structure(1)
Issued & Outstanding Shares 58.5M
Options 3.9M
Fully Diluted 62.4M
Cash(1) C$61.2
Total Debt(2) C$9.0M
Ticker RIC:TSX–NYSE
Market Capital (April 7/16) C$468M
(1) As of March 31, 2016 (2) As of March 31, 2016. Long-term debt is primarily comprised of capital lease obligations
C$61.2MCASH
C$9.0MDEBTAnalyst Coverage
CIBC Jeff Killeen
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
PI Financial Brian Szeto
TD Securities Daniel Earle
Paradigm Capital Don Blyth
Cormark Securities Kyle MacPhee
Mackie Research Ryan Hanley
Canaccord Genuity Rahul Paul
BMO Capital Markets Brian Quast
Haywood Securities Kerry Smith
Scotia Capital Craig Johnston
Desjardins Capital Mike Parkin
RIC (as of April 7, 2016)
TSX C$
NYSE MKT US$
Closing price $8.00 $6.10
52-week range $3.14-$8.00 $2.27-$6.10
Market Cap (M’s) $468M $357M
30-day daily trading avg. 310,547 381,343
Strong cash position supports fully funded strategic growth plan
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Q1 production: 32,369 oz.; Cash costs of $806 per oz (US$587)
Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor
Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed
Beaufor mine life increased to more than 2 years(1)
Released Preliminary Economic Assessment for Island Gold (Oct 28/15)
OPERATIONAL HIGHLIGHTS
2015 Q1 2016 2016 Guidance
Gold produced (oz) 98,031 32,369 87,000-97,000
Cash cost per oz. (CAN$)(1) $977 $806 $930-$1,000
AISC (CAN$)(1) $1,373 - $1,275-$1,390
Cash cost per oz. (US$)(1) $764 $587 $680-$730(2)
AISC (US$)(1) $1,074 - $935-$1,015(2)
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31, 2015 Gold ounces Gold g/t
Island Gold Proven & Probable
above ~400m 76,700 6.91
below ~400m 485,000 8.52
Island Gold Proven & Probable 561,700 8.26
Beaufor Proven & Probable 63,850 6.57
Total Proven & Probable 625,550 8.05
(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation
(2) No changes to Mineral Reserves were made at the Corporation’s other properties.
(1) Mine life based on 2015 Mineral Reserves and Resources
Operational Highlights
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CANADIAN HIGH-GRADE UNDERGROUND MINE
Record Production Q1; Declining cash costs
YTD positive grade reconciliation: 44%
Production expansion opportunity
Reserves increase by 206%; 7-year mine life(1)
Exploration potential laterally and at depth(1) Refer to full 2015 Reserve and Resource information at the end of this presentation
2015 Q1 2016
2016Guidance
PEA2017-2022
Avg.
Gold Production (oz) 55,040 26,589 62,000-67,000 78,000
Gold Sold (oz) 52,363 26,031 - -
Cash costs/oz (C$)(1) $1,034 $674 $900-$960 $552
AISC (C$)(1) $1,460 - $1,160-$1,250 $639
Cash costs/oz (US$)(1) $808 $491 $660-$705(2) $414
AISC (US$)(1) $1,141 - $850-$920(2) $479
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.(2) 2016 Guidance a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
63% INCREASE IN PRODUCTION SINCE 2013
Capital and Exploration 2015 2016Guidance
2016PEA
Sustaining Capital ($M) 22.3 17.3 ~$20.0(2)
Project Capital ($M) PEA 28.9 37.4 36.8Project Capital ($M) non-PEA 2.0 6.0(1) -
Exploration ($M) 4.6 7.3 -(1) Includes 1,000m of development and related infrastructure outside of the PEA area(2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M
2015 Reserves and Resources Tonnes Gold
Ounces Grade g/t
Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26
M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40
Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49
(1) Mine life based on 2015 Mineral Reserves and Resources
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Underground Mine Productivity
ISLAND GOLD MINE: POSITIONING FOR GROWTH
0.0
2.0
4.0
6.0
8.0
10.0
12.0
0100200300400500600700800900
1000Q
4 14
Q1 15
Q2 15
Q3 15
Q4 15
2016E
PEA
(800tpd)
Q1 16
Upside
(900tpd)
Gra
ms
per t
onne
Tonn
es p
er d
ay
Underground tpd Head grade (g/t)
Island Gold 2014 2015 Q1 2016 2016E
Underground (tpd) 601 659 853 800
Mill (tpd) 632 663 834 800
Head grade (g/t) 5.91 7.31 11.31 7.0-7.5
Recoveries (%) 96.3 96.8 96.3 96.5
(1) Fourth quarter production and mine and mill productivity: Includes a 3-week scheduled underground mine shutdown and a 2-week scheduled mill shutdown
Tonnes mined from development ore: • 2015: 50% / 2016E: 40% / PEA: 5%
First 2 mining horizons developed, third horizon development in progress
3 years of mine life pre-developed
Tailings expansion complete (2.3MT)
- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000
100,000
2014 2015 2016E(1) PEA BaseCase
(800tpd)(2)
UpsidePotential
(900tpd)(3)
(1) Mid-range of 2016 guidance
Island Gold Production Upside
(2) Avg. annual production 2017-2022 (3) Permitted potential
Oz
Au
2016E (1) PEA Base Case
(800tpd) (2)
Upside Potential
(900tpd) (3)
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Q1 RECORD PRODUCTION:POSITIVE RECONCILIATION TO RESERVES
(1) Reconciliation Mined to Reserves as of March 31st, 2016
Record production in Q1; Higher than planned grades mined
Development ore ratio strategically increased to 55% (vs. 40% planned) in Q1
Development primarily in the higher-grade second mining horizon
YTD positive grade reconciliation of 44%: (47% development / 39% stope)
30% dilution assumption for development reserves; lower dilution from deeper, wider zones
Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted Tonnes
Diluted Grade
Diluted Ounces
Reconciled Tonnes
Reconciled Grade
Reconciled Ounces Tonnes Grade Ounces
Total Development Q1 44,323 8.28 11,795 42,601 12.19 16,701 96% 147% 142%
Total Stope Q1 34,877 7.13 7,991 34,995 9.92 11,166 100% 139% 140%
Total U/G Q1 79,199 7.77 19,785 77,596 11.17 27,867 98% 144% 141%
Year-to-Date Reserve Reconciliation (1)
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• Conceptual expansion case released in H2 2016; Potential Expansion Case to 1,150 tpd decision in H1 2017
ISLAND GOLD: PEA OVERVIEW• Potential for increased production and lower AISC
0
200
400
600
800
1000
1200
2015 Q1 2016 PEA BaseCase
PermittedCapacity
PEAExpanded
Case
Tonn
espe
r day
• Phased approach: Phase 1 (800 tpd)
• Mining from a depth of 450 to 860 metres over three long-hole mining horizons• Excludes resources above the 450 metre level, isolated resource blocks and parallel zones• Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at
C$552/oz cash costs
PEA Summary 2017-2022 (C$)
Tonnes Milled (Mt) 1.7
Head Grade (g/t) 8.67
Mine life excl. transition period (years) 6
Daily mine production (tpd) 801
Gold recovery (%) 96.5
Production (Koz) 464.6
Average annual gold production (Koz) 78
Total operating cost (C$M) 256
Average cash operating cost (C$/t) 148
Average cash operating cost (C$/oz) 552
Transition Period Project Capital 2015-2016 (C$M) 62
Sustaining Capital (C$M) (2017-2022) 40.5
Mill Expansion Opportunity
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86,500m Drilling program launched in Q4 2015; 50,050m completed to date
ISLAND GOLD: EXPLORATION PROGRAM
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BEAUFOR MINE: OVERVIEW
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar(3) Refer to full 2015 Reserve and Resource information at the end of this presentation
2015 Q1 2016 2016 Guidance
Gold Production (oz) 26,411 4,615 25,000-30,000
Gold Sold (oz) 26,875 5,037 -
Cash costs/oz (C$)(1) $995 1,398 $1,000-$1,060
AISC (C$)(1) $1,216 - $1,230-$1,330
Cash costs/oz (US$)(1) $778 1,018 $735-$780(2)
AISC (US$)(1) $951 - $905-$975(2)
Capital and Exploration 2015 2016 Guidance
Sustaining Capital ($M) $5.9 $6.8
2015 Reserves and Resources Gold Ounces Grade g/t
Reserves (oz)(3)/Grade (g/t) 63,850 6.57
M&I (oz)(3) /Grade (g/t) 171,900 6.34
Inferred (oz)(3)/Grade (g/t) 28,000 6.44
Reserves increased by 95%; mine life increased by 2 years (based on reserves)
Development of the Q Zone; Reached the mineralized structure in late March
Generating free cash flow (2016-2017)
Camflo Mill: capacity of 1,200 tpd provides toll milling opportunities
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MINERAL RESERVES INCREASE BY 187%
Gold oz.63,850
Gold oz.561,700
0
100
200
300
400
500
600
700
2012 2013 2014 2015
Min
eral
Res
erve
s (0
00’s
oun
ces)
Monique Beaufor Island Gold
Mineral Reserves Growth
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor MineGold ounces Grams per tonne
December 31 2015 2014Change
(%) 2015 2014Change
(%)Island Gold Proven & Probable
above ~400m 76,700 90,000 (15%) 6.91 6.04 14%
below ~400m 485,000 93,750 417% 8.52 6.76 26%
Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29%
Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%)
Total Proven & Probable 625,550 216,500 187% 8.05 6.43 25%(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation.(2) No changes to Mineral Reserves were made at the Corporation’s other properties.
Island Gold Reserves increase by 206%
• 29% increase in grade to 8.26 g/t
• 80% of PEA resources converted
• Mine life of 7 years (based on reserves)
Beaufor Reserves increase by 95%
• Mine life > 2 years (based on reserves)
• Conversion primarily from the Q Zone
Significant exploration potential for additional
reserve growth
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WELL POSITIONED FOR SUSTAINABLE GROWTH
Significant Exploration Potential
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (59M)
Quality Asset Base in Canada
Growing Production Profile
Decreasing Cost Structure
Growing Cash Flow Streams
Island Gold Mine Core Beaufor Mine Q Zone
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CHRISTIAN BOURCIER
Vice-President, Operations
P. ENGPresident and Chief Executive Officer
P. ENG
RICHMONT MINES: MANAGEMENT TEAM
RENAUD ADAMS DANIEL ADAM
Vice-President Exploration
GEO PHD
NICOLE VEILLEUX
Vice-President Finance
CPA, CA
JEAN BASTIEN
Island Gold Mine General Manager
P. ENG, MBA
MARC-ANDRÉ LAVERGNE
Beaufor Mine and Camflo Mill General Manager
P. ENG
MAXIME GRONDIN
Director, Human Resources
CIRC
MÉLISSA TARDIF
ANNE DAY
Vice-President, Investor Relations
MBA
STEVE BURLETON
Vice-President, Business Development
CFA, MBA
Director, Business Performance Management and Infrastructure
BSC ISE
MIGUEL MENDOZA
Lawyer and Corporate Secretary
LLB
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RICHMONT MINES: BOARD OF DIRECTORS
GREG CHAMANDY
Director
RENÉ MARION
Chairman of the Board
P. ENG
MICHAEL PESNER
Director and Chairman ofthe Audit Committee
CA
RENAUD ADAMS
Director, President and Chief Executive Officer
P. ENG
PETER BARNES
Director
CA
ELAINE ELLINGHAM
Director
P. Geo., MBA
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2016 OPERATIONAL ESTIMATES2016 Production and Cost Guidance
2016 Capital Investment Guidance
Operational Estimates Island Gold Beaufor2016 Consolidated
EstimatesGold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000Cash Costs per Ounce (C$)(1) $900-$960 $1,000-$1,060 $930-$1,000Sustaining Capital per Ounce (C$) $260-$290 $230-$270 $250-$280
Corporate G&A per Ounce (C$) $95-$110
All-in Sustaining Costs per Ounce (C$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205
Corporate G&A per Ounce (US$) $70-$80
All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015(1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A.
Material assumptions include: an average gold price of C$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
Capital and Exploration Investment ($M) Island Gold Quebec Division2016 Consolidated
EstimatesSustaining Capital (C$) $17.3 $6.8 $24.1Project Capital (C$)(3) $43.4 $ - $43.4Company-wide Exploration (C$) $7.3(1) $1.1(2) $8.4Sustaining Capital (US$) $12.7 $5.0 $17.7Project Capital (US$)(3) $31.8 $ - $31.8Company-wide Exploration (US$) $5.4 $0.8 $6.2(1) Exploration costs required to complete the drilling programs announced in September 2015.(2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property.(3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary development outside the scope of the PEA.
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49,196 oz
MINERAL RESERVES AND RESOURCESRichmont Mines 2015 Mineral Reserve and Resource Estimates
December 31, 2015 December 31, 2014Tonnes Grade Ounces Tonnes Grade Ounces(metric) (g/t Au) (metric) (g/t Au)
ISLAND GOLD MINEProven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750BEAUFOR MINE4
Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850Total Measured & Indicated Resources 843,000 6.34 171,900 917,000 6.44 189,850Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600MONIQUE MINE5
Proven Reserves2
Probable Reserves2 14,500 3.16 1,450Total Proven & Probable Reserves2 14,500 3.16 1,450Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850WASAMAC GOLD PROPERTY6
Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400FRANCOEUR GOLD PROPERTY6, 7
Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000Total Measured & Indicated Resources 320,000 6.47 66,600 320,000 6.47 66,600Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150TOTAL RESERVES AND RESOURCESProven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900
1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
2. In 2015, based on a gold price of C$1,300 per ounce and an exchange rate of C$1.2037 = US$1.00. (In 2014: gold price of C$1,300 per ounce and C$1.0833 = US$1.00).
3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.
4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at December 31, 2015 and 2014.
5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit.6. Underground Mineral Resources established as of December 31, 2012.7. Francoeur Mine closed in November 2012.
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TOP SHAREHOLDERSFirm Name % O/S Shares Held City
Oxbridge Group, Inc.(1) 6.93 4,020,854 MontrealRenaissance Technologies LLC 5.95 3,484,500 New YorkZPR Investment Management Inc. 4.70 2,752,610 Orange CityCaisse de Depot et Placement du Quebec 4.66 2,730,000 MontrealOppenheimerFunds, Inc. 3.93 2,300,000 New York1832 Asset Management L.P. 3.72 2,175,000 TorontoConnor, Clark & Lunn Investment Management Ltd. 3.10 1,812,714 VancouverRBC Global Asset Management Inc. 2.92 1,711,273 TorontoSentry Investments Inc. 2.76 1,615,900 TorontoMackenzie Financial Corporation 2.73 1,600,800 TorontoRuffer LLP 2.22 1,300,000 LondonU.S. Global Investors, Inc. 1.88 1,100,000 San AntonioFiera Capital Corporation 1.70 995,789 MontrealFonds de Solidarité FTQ 1.68 985,600 MontrealEterna Investment Management Inc. 1.52 888,600 Quebec CityPicton Mahoney Asset Management 1.45 850,000 TorontoDimensional Fund Advisors, L.P. 1.41 825,000 AustinNorrep Capital Management Ltd. 1.12 655,400 CalgaryManulife Asset Management Limited 1.11 650,000 TorontoAcadian Asset Management LLC 1.00 584,648 BostonFormula Growth Ltd. 0.94 550,000 MontrealAGF Investments Inc. 0.93 546,600 TorontoBlackRock Asset Management Canada Limited 0.93 545,000 TorontoJames Investment Research Inc. 0.86 505,415 XeniaGabelli Funds, LLC 0.77 450,000 Rye(1) Shares held by H. Greg Chamandy, Director– Richmont Mines
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WASAMAC: ADVANCED DEVELOPMENT PROJECT
Resources Tonnes Grade (g/t Au)
Gold Ounces
Measured Resources 3,124,500 2.75 276,550
Indicated Resources 12,127,000 2.89 1,125,700
Inferred Resources 18,759,000 2.66 1,605,400
(1) Refer to full 2014 Reserve and Resource information at the end of this presentation
15km west of Rouyn-Noranda, Quebec
100% owned, no royalties
Close proximity to existing infrastructure
Located in the Abitibi gold mining district
Significant exploration potential
NI 43-101 PEA released in March 2012
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RICHMONT MINES ASSETSVALD’OR AREA – EXPLORATION PROPERTIES
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RICHMONT MINES ASSETSROUYN-NORANDA AREA / EXPLORATION PROPERTIES
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RICHMONT MINES ASSETSTIMMINS AREA / EXPLORATION PROPERTIES
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OUR VISION and STRATEGY
Our vision is to become a leading intermediate gold producer focused on the Americas generating superior per share valuation. We are committed to a “Sustainable Business Model” and a strategy of long-term growth, and will fully utilize the Corporation’s strong balance sheet, assets, cash flow, capital structure and the extensive experience of the Corporations’ Board of Directors and Management Team to build the next leading Canadian based intermediate gold company.
Our strategy, in the short term, will focus on becoming a leading junior gold producer by maintaining at all times a superior per share position on operational & financial metrics while maintaining a sustainable and risk adverse approach under a “Sustainable Business Model”.
We are guided by our core corporate values to achieve long term value for all of our stakeholders. By cultivating a culture of responsible performance, we are focused on operating in a sustainable manner while holding ourselves accountable to all of our stakeholders.
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OUR VALUES
At the heart of this is a commitment to responsibility, integrity and accountability and the Corporation’s four corporate values of Family, Health & Safety, Growth and Team Work.
Health and Safety“Zero tolerance…”
Family“At the heart of
what unites us…”Richmont Mines is a family. Our
management team is easily accessible and actively listens to our employees and their
families. Richmont has put a number of plans and activities in place, including programs that
support work-family balance, scholarships, and student hiring.
Health and safety is a cardinal value of the corporation. Richmont Mines makes every effort to safeguard the health and safety of all of its employees. We implement efficient health and wellness programs and support our objectives with recognition programs.The only truly acceptable result is zero accidents.
Team Work “Working together...”
Richmont Mines strives to create a unified team by encouraging the involvement and
the participation of our employees and stakeholders. We want our employees to enjoy working together. Every position is important. Working together and promoting
cooperation promotes continued success and the achievement of greater objectives.
With an objective of becoming a leading junior gold producer in the short-term and an important intermediate gold producer, Richmont’s growth is supported by the development of our workforce, the health and safety of our employees, and cultivating good relations with the community, while having a transparent approach, driven by integrity and ethics.
Growth “We are building the future…”
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SUSTAINABLE BUSINESS MODEL
We believe in developing Richmont based on the principles of sustainability, in order to deliver sustainable and superior value for all stakeholders with low risk exposure to precious metals.
SustainableHuman Resources
SustainableCommunity Development
SustainableProcess Improvement
SustainableGrowth Principles
Making work life sustainable through employee health & safety and wellness
programs, improved supervisory & operational planning/implementation practices and skills through training programs. Develop potential
leadership abilities through leadership program. Promote Life in Balance; family, work and
personal development.
Reducing inefficiency and waste through quality & performance management by implementation of “Lean” methods and balanced score card approach. Advanced knowledge and experience with energy efficiency, sustainable waste systems & construction/building practices.
Leadership and consulting skills for promoting comprehensive change
toward sustainability in communities and developing world-class relationships
with Aboriginal communities.
Developing sustainable exploration, development, operational and financial practices in order to deliver superior per share value, mitigation/management of risk exposure and discipline approach toward preserving best-in-class balance sheet and capital structure.
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