Beaufor Mine

Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…

Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …

Richmont Mines (RIC-T) is writing its year-end story in black ink for the seventh time in a row.The Montreal-based gold producer earned a profit of $3.9 million (or 25 cents a share) on revenue of $47…

For the fifth consecutive year, exploration has enabled Aurizon Mines (ARZ-T) to increase proven and probable reserves at its Quebec mines.After replacing record production of 56,291 oz. in 1998, Auri…

With higher production coming from all the operations in which it has an interest, Richmont Mines (RIC-T) has paid off its long-term debt in a bid to control its financial costs.The company operates t…

Thanks to record gold production and reduced cash costs, Richmont Mines (RIC-T) has enjoyed yet another strong quarter.For the three months ended Sept. 30, 1998, gold production reached a record high …

Despite weak gold prices, Aurizon Mines (ARZ-T) reported both record production and improved operating results for the quarter ended June 30.The Vancouver-based company boosted production to a record …

Weak gold prices do not appear to be taking much of a toll on Montreal-based Richmont Mines (RIC-T).The company posted net earnings of $1.4 million for its latest quarter ended June 30, up from $1 mil…

More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …

With three small but profitable gold mines in operation in Canada, Rouyn-Noranda, Que.-based Richmont Mines (RIC-T) is looking to take on a larger project.”We would like to get our hands on something …

A drop in both head grade and realized gold prices pushed Aurizon Mines (ARZ-T) into the red for fiscal 1997, despite the company’s record gold production of 39,668 oz.For the year ended Dec. 31, 1997…

Low gold prices may have hurt its earnings, but Richmont Mines (RIC-T) still enjoyed its sixth consecutive year of profitability in 1997.Revenue during the 12-month period nearly doubled, to $38.7 mil…