06 21-16-texas-marketing

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Published on June 20, 2016

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1. TSX–NYSE MKT: RIC POSITIONING FOR SUSTAINABLE GROWTH Texas Marketing June 21-22, 2016

2. www.richmont-mines.com 2RIC: TSX NYSE-MKT Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resource Estimates This presentation contains forward-looking statements that include risks and uncertainties. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’s periodic reports and annual notice. The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the Canadian Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a Measured or Indicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be upgraded to a more certain category. U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml. (All amounts are in Canadian dollars, unless otherwise indicated.) FORWARD LOOKING STATEMENTS

3. www.richmont-mines.com 3RIC: TSX NYSE-MKT RICHMONT MINES OVERVIEW Quality Asset Base in Canada Growing Production Profile Decreasing Cost Structure Growing Cash Flow Streams Significant Exploration Potential Strong Balance Sheet Favourable Canadian Dollar Exposure Low Shares Outstanding (63M)(1) (1) Including 3.0 million shares issued as part of the June 2016 equity financing.

4. www.richmont-mines.com 4RIC: TSX NYSE-MKT CAPITAL STRUCTURE Capital Structure Issued & Outstanding Shares(1) 62.6M Options & RSU’s 3.3M Fully Diluted 65.9M Cash(2) C$61.2M Net proceeds: June 2016 financing C$29M Total Debt(4) C$9.0M Ticker RIC:TSX–NYSE Market Capital (June 13/16) C$695M $61M(2) CASH C$9.0M DEBT Analyst Coverage CIBC Jeff Killeen Macquarie Capital Markets Michael Gray National Bank Financial Adam Melnyk PI Financial Brian Szeto TD Securities Daniel Earle Paradigm Capital Don Blyth Mackie Research Ryan Hanley Canaccord Genuity Rahul Paul BMO Capital Markets Brian Quast Haywood Securities Kerry Smith Scotia Capital Craig Johnston Desjardins Capital Mike Parkin RIC (as of June 13, 2016) TSX C$ NYSE MKT US$ Closing price $11.27 $8.81 52-week range $3.14-$11.83 $2.27-$9.35 Market Cap (M’s) $695M $543M 30-day daily trading avg. 410,832 530,626 Strong cash position supports fully funded strategic growth plan(1) Includes 3.0 million shares issued as part of the June 2016 C$31M equity financing. (2) Cash as of March 31, 2016 (3) Net proceeds from June 2016 financing. (4) As of March 31, 2016. Long-term debt is primarily comprised of capital lease obligations. C$29M(3) NET PROCEEDS JUNE 2016 FINANCING

5. www.richmont-mines.com 5RIC: TSX NYSE-MKT Operational Highlights Q1 production: 32,369 oz.; Cash costs of $806 per oz (US$587) Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed Beaufor mine life increased to more than 2 years(1) Released Preliminary EconomicAssessment for Island Gold (Oct 28/15) (1) Mine life based on 2015 Mineral Reserves and Resources OPERATIONALHIGHLIGHTS (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A. (2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar. (1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation (2) No changes to Mineral Reserves were made at the Corporation’s other properties. 2015 Q1 2016 2016 Guidance Gold produced (oz) 98,031 32,369 87,000-97,000 Cash cost per oz. (CAN$)(1) $977 $806 $930-$1,000 AISC (CAN$)(1) $1,373 $1,100 $1,275-$1,390 Cash cost per oz. (US$)(1) $764 $587 $680-$730(2) AISC (US$)(1) $1,074 $801 $935-$1,015(2) Proven and Probable Mineral Reserves(1)(2) Island Gold Mine and Beaufor Mine December 31, 2015 Gold ounces Gold g/t Island Gold Proven & Probable above ~400m 76,700 6.91 below ~400m 485,000 8.52 Island Gold Proven & Probable 561,700 8.26 Beaufor Proven & Probable 63,850 6.57 Total Proven & Probable 625,550 8.05

6. www.richmont-mines.com 6RIC: TSX NYSE-MKT CANADIAN HIGH-GRADE UNDERGROUND MINE Record Production Q1; Declining cash costs YTD positive grade reconciliation of 44% Production expansion opportunity Reserves increase by 206%; 7-year mine life(1) Exploration potential laterally and at depth (1) Mine life based on 2015 Mineral Reserves and Resources (1) Refer to full 2015 Reserve and Resource information at the end of this presentation (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A. (2) 2016 Guidance a foreign exchange rate of 1.364 Canadian dollars to the US dollar. 63% INCREASE IN PRODUCTION SINCE 2013 (1) Includes 1,000m of development and related infrastructure outside of the PEA area (2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M 2015 Q1 2016 2016 Guidance PEA 2017-2022 Avg. Gold Production (oz) 55,040 26,589 62,000-67,000 78,000 Gold Sold (oz) 52,363 26,031 - - Cash costs/oz (C$)(1) $1,034 $674 $900-$960 $552 AISC (C$)(1) $1,460 $855 $1,160-$1,250 $639 Cash costs/oz (US$)(1) $808 $491 $660-$705(2) $414 AISC (US$)(1) $1,141 $623 $850-$920(2) $479 Capital and Exploration 2015 2016 Guidance 2016 PEA Sustaining Capital ($M) 22.3 17.3 ~$20.0(2) Project Capital ($M) PEA 28.9 37.4 36.8 Project Capital ($M) non-PEA 2.0 6.0(1) - Exploration ($M) 4.6 7.3 - 2015 Reserves and Resources Tonnes Gold Ounces Grade g/t Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26 M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40 Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49

7. www.richmont-mines.com 7RIC: TSX NYSE-MKT Underground Mine Productivity ISLAND GOLD MINE: POSITIONING FOR GROWTH 0,0 12,0 10,0 8,0 6,0 4,0 2,0 0 Q414 Q115 Q215 Q315 Q415 2016E PEA (800tpd) Q116 Upside (900tpd) Gramspertonne Tonnesperday Underground tpd Head grade (g/t) (1) Fourth quarter production and mine and mill productivity: Includes a 3-week scheduled underground mine shutdown and a 2-week scheduled mill shutdown First 2 mining horizons developed, third horizon development in progress 3 years of mine life pre-developed Tonnes mined from development ore: • 2015: 50% / 2016E: 40% / PEA: 5% Mill Electrical Upgrade: Q3 2016 - 2014 2015 2016E(1) PEA Base Case (800tpd)(2) Upside Potential (900tpd)(3) (1) Mid-range of 2016 guidance (2) Avg. annual production 2017-2022 (3) Permitted potential Island Gold Production Upside OzAu 2016E (1) PEA Base Case (800tpd) (2) Upside Potential (900tpd) (3) 100 000 1000 90 000 900 80 000 800 70 000 700 60 000 600 50 000 500 40 000 400 30 000 300 20 000 200 10 000 100 Island Gold 2014 2015 Q1 2016 2016E Underground (tpd) 601 659 853 800 Development to stope ratio (%) 29/71 50/50 55/45 40/60 Mill (tpd) 632 663 834 800 Head grade (g/t) 5.91 7.31 11.31 7.0-7.5 Recoveries (%) 96.3 96.8 96.3 96.5

8. www.richmont-mines.com 8RIC: TSX NYSE-MKT Q1 RECORD PRODUCTION: POSITIVE RECONCILIATION TO RESERVES (1) Reconciliation Mined to Reserves as of March 31st, 2016 Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves) Diluted Tonnes Diluted Grade Diluted Ounces Reconciled Tonnes Reconciled Grade Reconciled Ounces Tonnes Grade Ounces Total Development Q1 44,323 8.28 11,795 42,601 12.19 16,701 96% 147% 142% Total Stope Q1 34,877 7.13 7,991 34,995 9.92 11,166 100% 139% 140% Total U/G Q1 79,199 7.77 19,785 77,596 11.17 27,867 98% 144% 141% Record production in Q1; Higher than planned grades mined Development ore ratio strategically increased to 55% (vs. 40% planned) in Q1 Development primarily in the higher-grade second mining horizon YTD positive grade reconciliation of 44%: (47% development / 39% stope) 30% dilution assumption for development reserves; lower dilution from deeper, wider zones Year-to-Date Reserve Reconciliation (1)

9. www.richmont-mines.com 9RIC: TSX NYSE-MKT ISLAND GOLD: 2016 DEVELOPMENTAND MINE PLAN

10. www.richmont-mines.com 10RIC: TSX NYSE-MKT Potential for increased production and lower AISC Phased approach: Phase 1 (800 tpd) • Mining from a depth of 450 to 860 metres over three long-hole mining horizons • Excludes resources above the 450 metre level, isolated resource blocks and parallel zones • Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at C$552/oz cash costs Conceptual expansion case released in H2 2016; Potential Expansion Case to 1,150 tpd decision in H1 2017 Mill Expansion Opportunity ISLAND GOLD: 2015 PEAOVERVIEW 1200 1000 800 600 400 200 0 2015 Q1 2016 PEA Base Permitted Case Capacity Expanded Case PEA Tonnesperday 2015 PEA Summary 2017-2022 (C$) Tonnes Milled (Mt) 1.7 Head Grade (g/t) 8.67 Mine life excl. transition period (years) 6 Daily mine production (tpd) 801 Gold recovery (%) 96.5 Production (Koz) 464.6 Average annual gold production (Koz) 78 Total operating cost (C$M) 256 Average cash operating cost (C$/t) 148 Average cash operating cost (C$/oz) 552 Transition Period Project Capital 2015-2016 (C$M) 62 Sustaining Capital (C$M) (2017-2022) 40.5

11. www.richmont-mines.com 11RIC: TSX NYSE-MKT 86,500m Drilling program launched in Q4 2015; 50,050m completed to date ISLAND GOLD: PHASE 1 EXPLORATION PROGRAM

12. www.richmont-mines.com 12RIC: TSX NYSE-MKT ISLAND GOLD: PLANNED REGIONAL EXPLORATION DRILLING

13. www.richmont-mines.com 13 Lateral drilling (~42,000 metres) east of the main deposit above 1,000m Deep directional drilling (~80,000 metres) targeting below 1,000m Exploration drift extensions: 620m, 740m and 860m levels Regional drilling program (~20,000 metres) 2015 PEA update (Oct. 2016) and productivity enhancements to support potential expansion 2016 FINANCING: UNLOCKING THE POTENTAL OF ISLAND GOLD Phase 2 Exploration Program Amount (C$) Lateral Drilling Program Surface Drilling (15,000m) $1,650,000 Underground Drilling (27,000m) $2,200,000 620m and 740m exploration drifts extension $3,750,000 Total Lateral Drilling $7,600,000 Deep Drilling Program Surface directional drilling (40,000m) $8,400,000 860m exploration drift (500m) $3,200,000 Infill underground drilling (40,000m) $3,200,000 Total Deep Drilling $14,800,000 Regional Drilling Program Surface drilling (20,000m) $2,200,000 Sub-total $2,200,000 Total Exploration $24,600,000 Organic Growth Expansion studies (2015 PEA Update) $1,500,000 Productivity optimization $3,021,200 Total Organic Growth Program $4,521,200 Total Phase 2 Exploration Program and Organic Growth $29,121,200

14. www.richmont-mines.com 14RIC: TSX NYSE-MKT BEAUFOR MINE: OVERVIEW (1) Refer to the Non-GAAP performance measures contained in the Annual MD&A (2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar (3) Refer to full 2015 Reserve and Resource information at the end of this presentation Reserves increased by 95%; mine life increased by 2 years (based on reserves) Development of the Q Zone; Reached the mineralized structure in late March Generating free cash flow (2016-2017) Camflo Mill: capacity of 1,200 tpd provides toll milling opportunities 2015 Q1 2016 2016 Guidance Gold Production (oz) 26,411 4,615 25,000-30,000 Gold Sold (oz) 26,875 5,037 - Cash costs/oz (C$)(1) $995 1,398 $1,000-$1,060 AISC (C$)(1) $1,216 $1,730 $1,230-$1,330 Cash costs/oz (US$)(1) $778 1,018 $735-$780(2) AISC (US$)(1) $951 $1,260 $905-$975(2) Capital and Exploration 2015 2016 Guidance Sustaining Capital ($M) $5.9 $6.8 2015 Reserves and Resources Gold Ounces Grade g/t Reserves (oz)(3)/Grade (g/t) 63,850 6.57 M&I (oz)(3) /Grade (g/t) 171,900 6.34 Inferred (oz)(3)/Grade (g/t) 28,000 6.44

15. www.richmont-mines.com 15RIC: TSX NYSE-MKT MINERAL RESERVES INCREASE BY 187% Gold oz. 63,850 2015 MineralReserves(000’sounces) Gold oz. 300 561,700 200 100 0 2012 2013 2014 Monique Beaufor Island Gold 700 600 500 400 Mineral Reserves Growth (1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation. (2) No changes to Mineral Reserves were made at the Corporation’s other properties. Island Gold Reserves increase by 206% • 29% increase in grade to 8.26 g/t • 80% of PEA resources converted • Mine life of 7 years (based on reserves) Beaufor Reserves increase by 95% • Mine life > 2 years (based on reserves) • Conversion primarily from the Q Zone Significant exploration potential for additional reserve growth Proven and Probable Mineral Reserves(1)(2) Island Gold Mine and Beaufor Mine December 31 Gold ounces Grams per tonne 2015 2014 Change (%) 2015 2014 Change (%) Island Gold Proven & Probable above ~400m 76,700 90,000 (15%) 6.91 6.04 14% below ~400m 485,000 93,750 417% 8.52 6.76 26% Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29% Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%) Total Proven & Probable 625,550 216,500 187% 8.05 6.43 25%

16. www.richmont-mines.com 16RIC: TSX NYSE-MKT WELL POSITIONED FOR SUSTAINABLE GROWTH Significant Exploration Potential Strong Balance Sheet Favourable Canadian Dollar Exposure Low Shares Outstanding (63M) Beaufor Mine Q Zone Quality Asset Base in Canada Growing Production Profile Decreasing Cost Structure Growing Cash Flow Streams Island Gold Mine Core

17. APPENDIX

18. www.richmont-mines.com 18RIC: TSX NYSE-MKT CHRISTIAN BOURCIER P. ENG Beaufor Mine and Camflo Mill General Manager RICHMONT MINES: MANAGEMENT TEAM RENAUD ADAMS DANIEL ADAM NICOLE VEILLEUX JEAN BASTIEN P. ENG, MBA Island Gold Mine General Manager MARC-ANDRÉ LAVERGNEMAXIME GRONDIN CIRC Director, Human Resources MÉLISSA TARDIF ANNE DAYSTEVE BURLETON LLB Lawyer and Corporate Secretary P. ENG President and P. ENG Vice-President, GEO PHD Vice-President CPA, CA Vice-President CFA, MBA Vice-President, MBA Vice-President, Chief Executive Officer Operations Exploration Finance Business Development Investor Relations

19. www.richmont-mines.com 19RIC: TSX NYSE-MKT RICHMONT MINES: BOARD OF DIRECTORS RENÉ MARION P. ENG Chairman of the Board MICHAEL PESNER CA Director and Chairman of the Audit Committee RENAUD ADAMS P. ENG Director, President and Chief Executive Officer PETER BARNES CA Director ELAINE ELLINGHAM P. Geo., MBA Director

20. www.richmont-mines.com 20RIC: TSX NYSE-MKT Operational Estimates Island Gold Beaufor 2016 Consolidated Estimates Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000 Cash Costs per Ounce (C$)(1) $900-$960 $1,000-$1,060 $930-$1,000 Sustaining Capital per Ounce (C$) $260-$290 $230-$270 $250-$280 Corporate G&A per Ounce (C$) $95-$110 All-in Sustaining Costs per Ounce (C$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390 Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730 Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205 Corporate G&A per Ounce (US$) $70-$80 All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015 2016 OPERATIONALESTIMATES 2016 Production and Cost Guidance (1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A. 2016 Capital Investment Guidance Material assumptions include: an average gold price of C$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar. (1) Exploration costs required to complete the drilling programs announced in September 2015. (2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property. (3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary development outside the scope of the PEA. Capital and Exploration Investment ($M) Island Gold Quebec Division 2016 Consolidated Estimates Sustaining Capital (C$) $17.3 $6.8 $24.1 Project Capital (C$)(3) $43.4 $ - $43.4 Company-wide Exploration (C$) $7.3(1) $1.1(2) $8.4 Sustaining Capital (US$) $12.7 $5.0 $17.7 Project Capital (US$)(3) $31.8 $ - $31.8 Company-wide Exploration (US$) $5.4 $0.8 $6.2

21. www.richmont-mines.com 21RIC: TSX NYSE-MKT MINERAL RESERVESAND RESOURCES 1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 2. In 2015, based on a gold price of C$1,300 per ounce and an exchange rate of C$1.2037 = US$1.00. (In 2014: gold price of C$1,300 per ounce and C$1.0833 = US$1.00). 3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres. 4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at December 31, 2015 and 2014. 5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit. 6. Underground Mineral Resources established as of December 31, 2012. 7. Francoeur Mine closed in November 2012. Richmont Mines 2015 Mineral Reserve and Resource Estimates December 31, 2015 December 31, 2014 Tonnes Grade Ounces Tonnes Grade Ounces (metric) (g/t Au) (metric) (g/t Au) ISLAND GOLD MINE Proven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700 Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300 Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000 Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150 Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600 Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750 Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750 Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400 Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450 Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200 Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050 Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800 Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950 Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750 BEAUFOR MINE4 Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100 Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650 Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750 Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000 Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850 Total Measured & Indicated Resources 843,000 6.34 171,900 917,000 6.44 189,850 Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600 MONIQUE MINE5 Proven Reserves2 Probable Reserves2 14,500 3.16 1,450 Total Proven & Probable Reserves2 14,500 3.16 1,450 Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850 WASAMAC GOLD PROPERTY6 Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550 Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700 Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250 Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400 FRANCOEUR GOLD PROPERTY6, 7 Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600 Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000 Total Measured & Indicated Resources 320,000 6.47 66,600 320,000 6.47 66,600 Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150 TOTAL RESERVES AND RESOURCES Proven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950 Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600 Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900

22. www.richmont-mines.com 22RIC: TSX NYSE-MKT TOP INSTITUTIONAL SHAREHOLDERS Firm Name % O/S Shares Held City Renaissance Technologies LLC 5.55 3,254,200 New York RBC Global Asset Management Inc. 5.50 3,227,100 Toronto OppenheimerFunds, Inc. 4.76 2,792,400 New York 1832 Asset Management L.P. 3.71 2,175,000 Toronto Connor, Clark & Lunn Investment Management Ltd. 3.69 2,163,214 Vancouver ZPR Investment Management Inc. 2.67 1,568,380 Orange City Hillsdale Investment Management Inc. 2.62 1,537,600 Toronto Ruffer LLP 2.43 1,425,000 London Mackenzie Financial Corporation 2.39 1,400,800 Toronto Acadian Asset Management LLC 2.32 1,360,960 Boston Sprott Asset Management LP 2.05 1,200,000 Toronto Sentry Investments Inc. 1.79 1,050,900 Toronto Fonds de Solidarité FTQ 1.68 985,600 Montreal Van Eck Associates Corporation 1.53 895,000 New York Eterna Investment Management Inc. 1.52 888,600 Quebec City Picton Mahoney Asset Management 1.32 775,000 Toronto Arrowstreet Capital, Limited Partnership 1.21 709,500 Boston Dimensional Fund Advisors, L.P. 1.19 700,000 Austin O'Shaughnessy Asset Management, LLC 1.19 697,199 Stamford James Investment Research Inc. 1.18 692,460 Xenia Norrep Capital Management Ltd. 1.12 655,400 Calgary Manulife Asset Management Limited 1.11 650,000 Toronto Triasima Portfolio Management Inc. 1.07 625,000 Montreal Formula Growth Ltd. 0.94 550,000 Montreal As of June 1, 2016. Source: Nasdaq IR Suite.

23. www.richmont-mines.com 23RIC: TSX NYSE-MKT ISLAND GOLD MINE C Zone – Metal factor (grade x width) as of Dec. 2015

24. www.richmont-mines.com 24RIC: TSX NYSE-MKT ISLAND GOLD MINE Near-Mine Lateral Exploration

25. www.richmont-mines.com 25RIC: TSX NYSE-MKT ISLAND GOLD MINE Histogram of the Ext C Samples

26. www.richmont-mines.com 26RIC: TSX NYSE-MKT ISLAND GOLD MINE Log Normal Probability Plot (Ext C Drill Hole Samples)

27. www.richmont-mines.com 27RIC: TSX NYSE-MKT ISLAND GOLD MINE Deep Directional Drilling (Phase 1)

28. www.richmont-mines.com 28RIC: TSX NYSE-MKT ISLAND GOLD MINE Eastern Lateral Exploration

29. www.richmont-mines.com 29RIC: TSX NYSE-MKT ISLAND GOLD MINES Western Lateral Exploration

30. www.richmont-mines.com 30RIC: TSX NYSE-MKT WASAMAC:ADVANCED DEVELOPMENT PROJECT (1) Refer to full 2014 Reserve and Resource information at the end of this presentation Located in the Abitibi gold mining district 15km west of Rouyn-Noranda, Quebec 100% owned, no royalties Close proximity to existing infrastructure Significant exploration potential NI 43-101 PEAreleased in March 2012 Resources Tonnes Grade (g/t Au) Gold Ounces Measured Resources 3,124,500 2.75 276,550 Indicated Resources 12,127,000 2.89 1,125,700 Inferred Resources 18,759,000 2.66 1,605,400

31. www.richmont-mines.com 31RIC: TSX NYSE-MKT RICHMONT MINESASSETS VALD’ORAREA– EXPLORATION PROPERTIES

32. www.richmont-mines.com 32RIC: TSX NYSE-MKT RICHMONT MINESASSETS ROUYN-NORANDAAREA/ EXPLORATION PROPERTIES

33. www.richmont-mines.com 33RIC: TSX NYSE-MKT RICHMONT MINESASSETS TIMMINSAREA/ EXPLORATION PROPERTIES

34. www.richmont-mines.com 34RIC: TSX NYSE-MKT OUR VISION and STRATEGY Our vision is to become a leading intermediate gold producer focused on the Americas generating superior per share valuation. We are committed to a “Sustainable Business Model” and a strategy of long-term growth, and will fully utilize the Corporation’s strong balance sheet, assets, cash flow, capital structure and the extensive experience of the Corporations’ Board of Directors and Management Team to build the next leading Canadian based intermediate gold company. Our strategy, in the short term, will focus on becoming a leading junior gold producer by maintaining at all times a superior per share position on operational & financial metrics while maintaining a sustainable and risk adverse approach under a “Sustainable Business Model”. We are guided by our core corporate values to achieve long term value for all of our stakeholders. By cultivating a culture of responsible performance, we are focused on operating in a sustainable manner while holding ourselves accountable to all of our stakeholders.

35. www.richmont-mines.com 35RIC: TSX NYSE-MKT

36. www.richmont-mines.com 36RIC: TSX NYSE-MKT SUSTAINABLE BUSINESS MODEL We believe in developing Richmont based on the principles of sustainability, in order to deliver sustainable and superior value for all stakeholders with low risk exposure to precious metals. Human Resources Making work life sustainable through employee health & safety and wellness programs, improved supervisory & operational planning/implementation practices and skills through training programs. Develop potential leadership abilities through leadership program. Promote Life in Balance; family, work and personal development. Sustainable Sustainable Community Development Leadership and consulting skills for promoting comprehensive change toward sustainability in communities and developing world-class relationships with Aboriginal communities. Sustainable Process Improvement Reducing inefficiency and waste through quality & performance management by implementation of “Lean” methods and balanced score card approach. Advanced knowledge and experience with energy efficiency, sustainable waste systems & construction/ building practices. Sustainable Growth Principles Developing sustainable exploration, development, operational and financial practices in order to deliver superior per share value, mitigation/management of risk exposure and discipline approach toward preserving best- in-class balance sheet and capital structure.

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