| Business Summary | | Richmont
Mines
Inc.
(together
with
its
wholly
owned
subsidiary,
Camflo
Mill
Inc.,
and
its
majority-owned
subsidiary,
Louvem
Mines,
Inc.)
is
principally
engaged
in
the
business
of
acquisition,
exploration,
financing,
development
and
operation
of
mineral
properties.
Richmont
began
its
exploration
activities
in
northwestern
Quebec
in
the
spring
of
1984.
During
the
following
years,
it
acquired
a
portfolio
of
properties
with
gold-bearing
potential
with
a
view
to
development
and
commercial
operation.
The
Company
has
direct
or
indirect
interests
in
primary
mining
properties
comprised
of
the
Francoeur
Property,
the
Beaufor
Property
and
the
Nugget
Pond
Property.
In
addition,
the
Company
owns
and
operates
the
Camflo
Mill. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Richmont
Mines
is
a
Canadian
gold
producer
with
four
mining
operations
in
Quebec
and
Newfoundland.
The
mines
are
the
Francoeur
Mine,
Camflo
Mill
and
Beaufor
Mine
in
Quebec
and
the
Nugget
Pond
Mine
in
Newfoundland.
For
the
three
months
ended
3/31/01,
revenues
fell
79%
to
C$2.3
million.
Net
loss
totaled
C$1.8
million
vs.
an
income
of
C$849
thousand.
Results
reflect
the
postponing
ore
processing
at
the
Francoeur
mine,
the
interruption
of
mining
at
Beaufor
mine
and
lower
ore
grades. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
6,097;
after
tax
earnings
were
-4,351. (Preliminary; reported in thousands of Canadian Dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Jean-Guy Rivard Pres,
CEO | $277K | Jean-Yves Laliberte VP-
Fin. | -- | Nicole Veilleux Controller | -- | Henri Lanctot Sec. | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|