Richmont Mines achieves record quarter.

PositionFinancial report

Montreal's Richmont Mines announced a record quarterly performance at its Island Gold Mine

The Montreal miner reported second-quarter gold production totaled 26,314 ounces and gold sales attained 27,566 ounces, which generated consolidated revenues of $40.6 million during the three-month period, a new quarterly record for the corporation.

The mine is located 83 kilometres northeast of Wawa in northeastern Ontario.

"I am very pleased with the significant progress made at our Island Gold Mine during the quarter and with the important contribution that this asset made to a notable achievement in Richmont's 23-year production history, namely a new record high quarterly revenue level," said company president-CEO Renaud Adams in a July 13 release.

"Average mine production at Island Gold met our immediate goal to consistently mine and truck an increasing amount of ore per day from underground...

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