Vmbook Online ordering

Richmont Mines Inc

Richmont Mines Inc. was a Canadian-based gold mining company that was listed on the Toronto Stock Exchange (TSX: RIC) and the New York Stock Exchange (NYSE: RIC) before it was acquired by Alamos Gold in 2017.

Richmont Mines Inc. was primarily focused on exploration, development, and production of gold deposits in Canada and the United States. The company operated two gold mines: the Island Gold Mine in Ontario, Canada, and the Beaufor Mine in Quebec, Canada.

As of 2016, Richmont Mines Inc. had proven and probable gold reserves of approximately 1.4 million ounces, and total assets of approximately CAD 650 million. The company was recognized for its strong commitment to sustainability, environmental stewardship, and social responsibility.

In May 2017, Alamos Gold announced a friendly acquisition of Richmont Mines Inc. for approximately CAD 904 million, creating one of the largest mid-tier gold producers in the industry. Following the acquisition, Richmont Mines Inc. ceased to exist as a separate public company on the TSX and NYSE.