I posted this on Bullion Bulls Canada yesterday. It is aggregated information from the website, sedar etc. If you follow the company closely, there will be nothing new. I posted it because I think this company is one of the soundest junior producers I've come across. I hope our readers will take note of how they have developed organically, while keeping the balance sheet strong.

Mining Companies - Gold Companies

Junior Producer: Au

Richmont Mines is focused on generating positive cash flow and profitable growth to provide a foundation to increase production rates, grow reserve levels, and expand the Company’s pipeline of projects. In addition to two wholly owned mills, Richmont also has a number of mineral properties in production, development and exploration stages. Staff and Management intend to perform at the highest level of operational and financial excellence, while remaining debt-free. The Company is listed on the Toronto Stock Exchange and NYSE/AMEX under (RIC).

Annual Trading Range 4.48-9.98

Trading on 26 Aug 2011 @ 9.56 on 105K shares

Share Structure

S/O 31.2M

FD 31.7M

Quick Facts

Number of employees as of December 31, 2010: 407

Operating mines: 2

Mine currently being developed: 1

Number of wholly-owned mills: 2

Project 2011 80-85K Oz

2010 sales: 68,123 ounces of gold

2009 sales: 59,733 ounces of gold

2008 sales: 70,945 ounces of gold

2007 sales: 46,193 ounces of gold

Financials

Q2 2011

Cash and Equivalents 48M

St Liabilities 16K

Operation Costs 22M

Revenue 29M

Earning per share .16

Projects

Mills

Camflo

The 100%-owned Camflo Mill, with a rated capacity of 1,300 short tons per day, is located in Malartic , Quebec . It is a Merrill-Crow conventional type mill with circuits for crushing, grinding, gold cyanidation and precipitation using zinc powder. The historic average rate of recovery of the mill is 98.5% when ore from the Company's Beaufor Mine is being milled. Currently, the Camflo Mill processes ore from the Beaufor Mine, in addition to performing custom milling for other regional gold companies.

Island Gold Project:

Kremzar Mill

Mines

Beaufor

Reserves and Resources (as of December 31, 2010)

Intermittent exploration fieldwork has been conducted on the Beaufor property since the 1930s. Following an initial development period, commercial production started in January 1996. In the spring of 2001, Richmont Mines bought 50% of the mining rights of the Perron, Beaufor, Pascalis, Colombière and Courvan properties for CAN $1.8 million. In September 2001, Richmont Mines undertook construction work to secure the crown pillar, and in January 2002, resumed commercial production at the mine jointly with Louvem Mines. The Beaufor Mine has produced gold on an annual basis since then. On June 30, 2010, Richmont became the 100% owner of the Beaufor property, following the Company’s acquisition of the outstanding 30% of Louvem shares not previously owned by Richmont.

Island Gold

Reserves and Resources (as of December 31, 2010)

In 1985, drilling approximately two kilometers south of the Kremzar Mine intersected a series of sub-parallel lenses containing gold mineralization within deformed rocks of the Goudreau Lake Deformation Zone (gldz). These lenses are known as the Lochalsh, Island Gold, Shore, and Goudreau Lake Zones. Over 1989 and 1990, underground infrastructures were built into the Island deposit beneath Goudreau Lake from an adit on the north shore. A bulk sample weighing 4,167 tonnes was extracted and processed at the on-site Kremzar Mill (850TPD capacity). Encouraging results were obtained from exploration work conducted from 1996 to 2002 and, in 2004, an exploration program was initiated in order to complete a resource estimate.

On January 1, 2005, Richmont Mines became operator of the project. The project began commercial production on October 1, 2007. Richmont acquired Patricia Mining’s 45% interest in December 2008, becoming 100% owner of the property and operations.

Development Properties

Francoeur

The Francoeur property was first staked in 1923 following a gold discovery, which later became known as Zone No.1. A considerable amount of exploration and development has been carried out on the property since this discovery. Successive underground developments over the years have led to the discovery of additional reserves along the Francoeur-Wasa shear zone and several ore bodies were mined. In fact, this property has produced over 500,000 ounces of gold from approximately 2.6 million tonnes of ore with a recovered grade of 6.07 g/t of gold.

Over the 1991 - 2001 period, Richmont produced more than 345,000 ounces of gold from the No. 3 Deposit, one of the main ore bodies located in the Francoeur-Wasa shear zone. Despite the discovery of the West Zone at the time, commercial production at the Francoeur Mine was stopped in 2001, when the prevailing gold price was under US$300 per ounce.

As a result of the higher gold price over the last few years, Richmont reassessed the resources of the Francoeur Mine. In 2009, in order to update the information on the West Zone, Richmont completed a Regulation 43-101 compliant technical report.

Mine development project schedule:

After more than two months of preparation work, dewatering of the mine began in July 2009, and was completed at the end of May 2010. Surface infrastructure for the mine has been fully re-commisioned, and drift excavation to reach the West Zone began in July 2010. After a phase of definition drilling and stope preparation, gold production from the West Zone is expected to begin in mid-2011.

Based on current probable reserves, the Francoeur Mine is expected to produce approximately 35,000 ounces of gold annually over an initial mine life of 4 years. Richmont plans to initiate an underground exploration and definition drilling program once sufficient development work to access the targeted West Zone has been completed.

Nearby associated exploration properties:

Richmont is also the 100% owner of the adjacent Arncoeur and Norex properties, which cover the lateral and down-dip extensions of the known gold mineralization.

Exploration Properties

Richmont Mines has numerous producing, development and exploration properties in Quebec and Ontario.

Corporate

BOD

Management

Martin Rivard

President and CEO

Mr. Rivard holds a Bachelor's degree in Business Administration. Since joining the Company in 1996, he has held various roles of increasing responsability. A member of the Management Committee since 1997, Mr. Rivard served as Executive Vice-President from 2000 to 2005. He was promoted to Director, President and CEO of Richmont in October 2005.

Christian Pichette , Eng. , M.Sc.

Vice-President, Operations

A mining engineer by training, Mr. Pichette holds a Master’s degree in Rock Mechanics. With over 30 years of experience in mining, Mr. Pichette has held managerial positions with many companies, including Placer Dome, TVX Gold, Barrick Gold and Cambior. His wide-ranging expertise in underground operations is a valuable asset for the Company.

Nicole Veilleux, CA

Financial Director

Ms. Veilleux holds a Bachelor’s degree in Accounting Sciences and has been a Chartered Accountant since 1987. She has over 20 years of experience in finance, including as an Auditor for KPMG LLP, and as a Financial Analyst for Norbord Industries Inc. and Le Fonds régional de solidarité Abitibi-Témiscamingue. Ms. Veilleux joined Richmont Mines in 1998, initially as Controller, and was promoted to Financial Director in March 2006.

Paul Einarson, CA

Vice-President, Corporate Development

Mr. Paul Einarson, C.A. , joined Richmont Mines as Vice-President of Corporate Development in August 2011. With over 20 years of international finance experience, Mr. Einarson has held managerial positions with various companies including Molson Inc., PricewaterhouseCoopers LLP and Strateco Resources Inc. Mr. Einarson will help in the evaluation of strategic acquisitions, partnerships and financing opportunities for Richmont.

Corporate Staff

Daniel Adam, Geo. PhD

Exploration Manager

Mr. Adam obtained a Ph.D in Geology from the University of Nancy in France. He has more than 20 years of experience in production and geological exploration, which include numerous positions of varying responsibility at Selbaie Mines. Mr. Adam joined Richmont Mines in March 2008 as a Senior Exploration Geologist, and was promoted to the position of Exploration Manager in December 2008.

Marcel St-Pierre

Mine Coordinator, Projects

Mr. St-Pierre has more than 15 years of experience as a First Line Supervisor, Captain and Mine Superintendent. In addition to contributing to the creation of a continuous improvement program at the Bousquet Mine, a division of Barrick Gold, Mr. St-Pierre has gained valuable expertise in underground mining operations over the years. He joined Richmont Mines in 2003 as Project Superintendent.

Maxime Grondin, CIRC

Human Resources Manager

Mr. Grondin holds a Bachelor's degree in Industrial Relations from the University of Laval. Through his work experiences, he developed expertise in human resource management adapted to the mining sector. He previously held the position of Human Resources Coordinator at a mining contractor. Mr. Grondin joined Richmont Mines in June 2009 as Coordinator, Human Resources, and was promoted to the position of Human Resources Manager in December 2010.

Jennifer Aitken, MBA

Investor Relations

Jennifer Aitken holds a Bachelor's degree in Industrial Relations from McGill University, and an MBA from Concordia University ’s John Molson School of Business. Including five years of sales, communication and marketing experience, Ms. Aitken also brings six years of experience as a sell side associate analyst with a leading Canadian chartered bank. Ms. Aitken joined Richmont Mines in September 2009.

Media

News Releases