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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (201952)	8/3/2011 12:16:28 AM
From: Threshold	Respond to of 312943

and Plan du Nord.

To: Claude Cormier who wrote (201952)	8/9/2011 9:01:33 AM
From: loantech	Respond to of 312943

GREAT EARNINGS FOR RIC: Attached please find a press release issued by Richmont Mines (TSX – NYSE Amex: RIC) this morning, entitled “Richmont Mines announces a significant increase in earnings and cash flow for the second quarter; 2011 production guidance reaffirmed”. In brief: · Q2 2011 net earnings of $5.0 million, or $0.16 per share, versus Q2 2010 net earnings of $0.3 million, or $0.01 per share; · Q2 2011 operating cash flow of $7.8 million, or $0.25 per share, versus Q2 2010 operating cash flow of $1.6 million, or $0.06 per share; · Gold sales of 20,085 ounces at an average selling price of US$1,495 (CAN$1,460) in Q2 2011, versus gold sales of 15,607 ounces at an average selling price of US$1,222 (CAN$1,259) in the prior year; · 35,000 metre drill program on Wasamac in 2011continues to yield positive results; 22,000 metres of drilling completed as of the end of June; five drills active; · Surface drilling program completed on Monique; favourable results reaffirm Richmont’s objective to evaluate potential for a small open-pit operation; more exploration drilling planned this fall; · Strong financial position: $48.3 million in cash and cash equivalents and no long-term debt at June 30, 2011.