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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: MICHEL GUIBERT who wrote (63545)	2/18/2009 8:41:18 PM
From: loantech	Read Replies (2) of 78416

According to this LOV has 50% of beaufor: About Richmont Mines Inc. Richmont Mines produces gold from its operations in Canada and is focused on building its reserves in North America. The Company has extensive experience in gold exploration, development and mining. Since it began production in 1991, the Company has produced more than one million ounces of gold from its holdings in Quebec, Ontario and Newfoundland. Richmont Mines' strategy is to cost effectively develop its mining assets, exploit mineralized reserves on properties owned and acquired, or develop partnerships to expand its reserve base. More information on Richmont Mines can be found on its website at: www.richmont-mines.com. About Louvem Mine Inc. The Company has a 50% interest in the Beaufor Mine and owns other exploration properties located near Val-d'Or, in North-western Quebec, Canada stockwatch.com Beaufor Mine Intermittent exploration fieldwork has been conducted on the Beaufor property since the 1930s. Following an initial development period, commercial production started at the Beaufor Mine in January 1996. In spring 2001, Richmont Mines bought 50% of the mining rights of the Perron, Beaufor, Pascalis, Colombière and Courvan properties for an amount of $1.8 million. In September 2001, Richmont Mines undertook construction work to secure the crown pillar and commercial production resumed at the Beaufor Mine jointly with Louvem Mines in January 2002. The Beaufor Mine has produced gold on an annual basis since then. richmont-mines.com I guess Francouer is too much money to make it work.RIC needs to keep cash or find a quick way to convert ore to production. tom

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