Caledonia sells Richmont shares

Net proceeds of about $1.5 million were realized by the sale of its 1.36 million shares of Richmont Mines (TSE), says Caledonia Mining (TSE). Richmont reported gold production of 14,162 oz. during the first nine months of 1992 from its wholly owned Francoeur mine near Rouyn-Noranda, Que.