11 14-16 ric european marketing
TRANSCRIPT
TSX–NYSE MKT: RIC
POSITIONING FOR SUSTAINABLE GROWTH
European MarketingNovember 14, 2016
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. When used in this presentation, the words“estimate”, “projects”, “anticipate”, “expects”, “intend”, “believe”, “hope”, “may”, and similar expressions, as well as “will”, “shall”, and otherindications of future tense, are intended to identify forward-looking statements. The forward looking statements are based on current expectationsand apply only as of the date on which they were made. Except as required by law or regulation, Richmont undertakes no obligation and disclaimsany responsibility to publicly update or revise any forward looking statements of information, whether as a result of new information, future eventsor otherwise. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements includechanges in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining operations thatcould 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 Annual Information Form.
The resource estimates in this presentation were prepared in accordance with National Instrument 43-101 Standards of Disclosure of MineralProjects (“NI 43-101”) adopted by the Canadian Securities Administrators. The requirements of NI 43-101 differ significantly from the requirementsof 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. TheSEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral deposits that constitute “Reserves”. UnderUnited States standards, mineralization may not be classified as a Reserve unless the determination has been made that the mineralization couldbe economically and legally extracted at the time the determination is made. United States investors should not assume that all or anyportion of a Measured or Indicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount ofuncertainty 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.
For additional information regarding the Mineral Reserves and Resources referred to in this presentation, please refer to the technical reportentitled “Amended Technical Report on the Mineral Reserve and Mineral Resource Estimates as of Dec. 31, 2015 for the Island Gold Mine” datedApril 5, 2016 and effective as of Dec. 15, 2016.
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 fromthe SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)
FORWARD LOOKING STATEMENTS
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RICHMONT MINES OVERVIEWQuality 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) Undiluted and including 3.0 million shares issued as part of the June 2016 equity financing.
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CAPITAL STRUCTURECapital Structure
Issued & Outstanding Shares(1) 62.8M
Fully Diluted 66.1M
Cash(2) C$79M
Total Debt(2) C$12.7M
Ticker RIC:TSX–NYSE MKT
Market Capital (Nov. 10/16) C$716M
C$79M(US$60M)*
CASH(2)
C$12.7M(US$9.8M)*
DEBT(2)
RIC (as of November 10, 2016)
TSX C$
NYSE MKT US$
Closing price $11.40 $8.60
52-week range $3.73-$15.01 $2.79-$11.66
Market Cap (M’s) $716M $540M
90-day daily trading avg. (000’s) 365 662
Strong cash position supports fully funded strategic growth plan
(1) Includes 3.0 million shares issued as part of the June 2016 C$31M equity financing.(2) As of Sept. 30, 2016.
Analyst CoverageBMO Capital Markets Brian Quast
Canaccord Genuity Rahul Paul
CIBC Jeff Killeen
Cormark Securities Richard Gray
Desjardins Capital Mike Parkin
Haywood Securities Kerry Smith
Mackie Research Ryan Hanley
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
Paradigm Capital Don Blyth
PI Financial Brian Szeto
Scotia Capital Craig Johnston
TD Securities Daniel Earle
* Using a C$:US$ exchange rate of 1.30
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Operational HighlightsSuccessful mine and mill electrical upgrade completed at Island Gold
Island Gold on-track to meet, or exceed, revised guidance
Company-wide on track to meet revised guidance
Island Gold mine life of 7 years based on reserves with 3 years mine life pre-developed
Expansion Case PEA (H1 2017); 900tpd Base Case vs. 1,100 tpd Exp. Case
OPERATIONAL HIGHLIGHTS
(1) Refer to the Non-IFRS performance measures contained in the Q3 2016 MD&A.(2) Revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.(3) Includes 1,165 gold ounces produced from the Monique Mine in January 2016
(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.
Q3 2016 Nine-Months2016
Revised 2016 Guidance
Gold produced (oz) 18,856 74,545 98,000-106,000(3)
Cash cost per oz. (C$)(1) $1,063 $899 $885-$945
AISC per oz. (C$)(1) $1,604 $1,296 $1,230-$1,335
Cash cost per oz. (US$)(1)(2) $815 $680 $675-$720
AISC per oz. (US$)(1)(2) $1,230 $980 $935-$1,015
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31, 2015 Gold ounces Gold g/t
Island Gold Proven & Probable
above ~400m 76,700 6.91
below ~400m 485,000 8.52
Island Gold Proven & Probable 561,700 8.26
Beaufor Proven & Probable 63,850 6.57
Total Proven & Probable 625,550 8.05
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ISLAND GOLD MINE:CANADIAN HIGH-GRADE UNDERGROUND MINE
Strong Production Profile; Declining cash costs
Positive grade reconciliation YTD of 25%
Production growth opportunities
Reserves increase by 206%; 7-year mine life(1)
POTENTIAL PRODUCTION INCREASE OF UP TO 125% SINCE 2013
Exploration potential laterally and at depth(1) Mine life based on 2015 Mineral Reserves.
(1) Refer to full 2015 Reserve and Resource information at the end of this presentation.
(1) Refer to the Non-IFRS performance measures contained in the Q3 2016 MD&A.(2) The revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.
Q32016
9 Months2016
Revised2016
Guidance
Gold Production (oz) 14,031 59,237 75,000-80,000
Cash costs/oz (C$)(1) $958 $770 $800-$840
AISC per oz. (C$)(1) $1,330 $1,025 $1,040-$1,110
Cash costs/oz (US$)(1)(2) $734 $582 $610-$640
AISC per oz. (US$)(1)(2) $1,019 $776 $795-$845
Capital and Exploration 9 Months2016
Revised2016
Guidance
Sustaining Capital (C$M) $15.3 $18.9
Project Capital (C$M) $28.4 $46.1
Exploration (C$M) $10.9 $16.0
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
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ISLAND GOLD MINE: POSITIONING FOR GROWTH
Island Gold 2015 Q12016
Q22016
Q3 2016 2016E
Underground (tpd) 659 853 911 890(2) 810
Development to stope ratio (%) 50/50 55/45 48/52 44/56 40/60
Mill (tpd) 663 834 878 878(2) 810
Head grade (g/t) 7.31 11.31 7.51 7.70 8.2 – 8.7(1)
Recoveries (%) 96.8 96.3 96.5 96.4 96.51) Assumes a grade of 9.36 g/t for the 6 months ended June 30/162) Excludes a 16-day underground mine shutdown and a 25-day 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%
Mill electrical upgrade: Completed Q3
-
20,000
40,000
60,000
80,000
100,000
120,000
2014 2015 2016E(1) Base Case900tpd(2)
Exp. Case1100tpd(2)
Island Gold Production Upside
(1) Mid-range of revised 2016 guidance(2) Estimated production based on Base Case and Expansion Case scenarios outlined in Nov. 1, 2016 Press
Release using Dec. 31, 2015 Reserve and Resource estimates.
(1) Q3 2016 productivity excludes 16-day electrical upgrade shutdown of the underground mine
0.00
2.00
4.00
6.00
8.00
10.00
12.00
0
200
400
600
800
1000
1200
Gra
ms
per t
onne
Tonn
es p
er d
ay
Underground tpd Head grade (g/t)
Underground Mine Productivity
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Q3 IN-LINE PRODUCTION AT ISLAND GOLD:Positive Reconciliation To Reserves Continues
9-Month Reserve Reconciliation
Reserves (as of Dec 31, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted Tonnes
Diluted Grade
Diluted Ounces
ReconciledTonnes
ReconciledGrade
ReconciledOunces Tonnes Grade Ounces
Total Development Q3 24,571 4.82 3,807 29,741 6.12 5,853 121% 127% 154%
Total Stope Q3 34,211 7.07 7,778 37,906 8.26 10,063 111% 117% 129%
Total U/G Q3 58,782 6.13 11,585 67,647 7.32 15,916 115% 119% 137%
In-line production in Q3; Higher than planned milled grades of 7.70 g/t
Positive reconciliation of 37%: (19% grade / 15% tonnes)
Percentage of higher cost development ore to total ore of 49% YTD; 2016 plan of 40%
Development primarily in lower-grade extensions of the second mining horizon
YTD reconciliation from mining in first and second mining horizons only. Development in ore initiated in higher grade third mining horizon in Q4
Reserves (as of Dec 31, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted Tonnes
Diluted Grade
Diluted Ounces
ReconciledTonnes
ReconciledGrade
ReconciledOunces Tonnes Grade Ounces
Total Development 2016 113,399 6.33 23,094 112,522 8.23 29,756 99% 130% 129%
Total Stope 2016 101,539 7.53 24,596 115,642 8.99 33,427 114% 119% 136%
Total U/G 2016 214,938 6.90 47,690 228,164 8.61 63,183 106% 125% 132%
Q3 Reserve Reconciliation
The reconciliation to date is based on mining in the first and second mining horizons only, and should not be extrapolated to the third and fourth mining horizons.
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ISLAND GOLD:2016 DEVELOPMENTAND MINE PLAN
First Mining HorizonTonnes Grade (g/t) Ounces
P&P 433,681 6.30 87,786
Third Mining HorizonTonnes Grade (g/t) Ounces
P&P 616,039 10.59 209,705Inferred 342,967 11.18 123,167
Second Mining HorizonTonnes Grade (g/t) Ounces
P&P 566,272 8.57 156,048
Fourth Mining Horizon Tonnes Grade (g/t) Ounces
Inferred 665,957 8.80 188,403
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ISLAND GOLD: GROWTH OPPORTUNITIES
• Expanded resource area east-west of main reserve area (most contiguous portion)
• Mining from a depth of 450 to 1,000 metres over 4 mining horizons
• Base Case of 900 tpd increasing to Expansion Case 1,100 tpd utilizing existing ramp system
• Incorporation of December 31, 2016 Reserve and Resource estimates, that will consider
• Positive reconciliation of 32% achieved YTD (25% on grade and 6% on tonnes)
• Encouraging near-mine delineation and exploration drill results
• New Life of Mine (LoM) and operating costs and capital estimates
• Minimal capital requirements for mine and mill expansion; fully funded internally
• Maximize mining capacity without new infrastructure
• Increased milling capacity to 1,200 tpd would allow future growth at minimal cost (~C$15M)
Potential for a further upside scenario of up to 1,200 tonnes per day as additional resources are included in the mine plan.
Expansion Case PEA (H1 2017)
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ISLAND GOLD: 2016 Near-Mine Delineation Drilling
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ISLAND GOLD: 2016 Near-Mine Exploration Drilling
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ISLAND GOLD:Phase 2 Exploration Program, H2 2016 (36,000m)ISLAND GOLD: Phase 2 Exploration Program, H2 2016 (58,000m)
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ISLAND GOLD:Regional Surface Exploration Phase 2 (20,000m)
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BEAUFOR MINE: OVERVIEWQ3
20169 Month
2016Revised
2016 GuidanceGold Production (oz) 4,825 14,143 23,000-26,000(1)
Cash costs/oz (C$)(2) $1,411 $1,433 $1,150-$1,300
AISC per oz. (C$)(2) $1,893 $1,837 $1,420-$1,610
Cash costs/oz (US$)(2)(3) $1,082 $1,084 $875-$1,000
AISC per oz. (US$)(2)(3) $1,451 $1,390 $1,080-$1,235
Capital and Exploration H1 2016 Revised 2016 Guidance
Sustaining Capital (C$M) $3.6 $7.0
2015 Reserves and Resources Gold Ounces Grade g/t
Reserves (oz)(4)/Grade (g/t) 63,850 6.57
M&I (oz)(4) /Grade (g/t) 171,900 6.34
Inferred (oz)(4)/Grade (g/t) 28,000 6.441) Includes 1,165 ounces produced from the Monique Mine in January 20162) Refer to the Non-IFRS performance measures contained in the Q2 2016 MD&A3) An exchange rate of 1.36 Canadian dollars to 1.0 US dollar was used for the original 2016 guidance issued
on Feb. 11, 2016. The revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.
4) Refer to full 2015 Reserve and Resource information at the end of this presentationReserves increased by 95%; mine life increased to 2 years (based on reserves)
Development of the Q Zone; stope mining in Q4
Expected to generate free cash flow (2016-2017)
Camflo Mill: capacity of 1,200 tpd provides toll milling opportunities
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WASAMAC:ADVANCED DEVELOPMENT PROJECT
(1) Refer to full 2014 Reserve and Resource information at the end of this presentation
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
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
Base case parameters: Gold price per ounce of US$1,300 or C$1,350 using a C$:US$ exchange rate of 1.04.
March 2012 PEA Summary (C$)Mine life 14
Daily mine production (tpd) 6,000
Total Production (Koz) 1,750
Average annual gold production (Koz) 140
Average cash operating cost (C$/t) 46
Average cash operating cost (C$/oz) 716
Total Capital (C$M) 680
NPV5% (C$M) 71
IRR(5%) (%) 7
NI 43-101 PEA released in March 2012
IRR of 14% at C$1,650/oz. gold (current 60-day avg. of ~C$1,700/oz)
Potential to improve base case economics
Potential technical and operational enhancements
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WELL POSITIONED FOR SUSTAINABLE GROWTH
Significant Exploration Potential
Strong Balance Sheet
Favourable Canadian Dollar Exposure
Low Shares Outstanding (63M)
Beaufor Mine Q Zone
Quality Asset Base in Canada
Growing Production Profile
Decreasing Cost Structure
Growing Cash Flow Streams
Island Gold Mine Core
APPENDIX
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CHRISTIAN BOURCIER
P. ENG
Beaufor Mine and Camflo Mill General Manager
RICHMONT MINES: MANAGEMENT TEAM
RENAUD ADAMS DANIEL ADAM NICOLE VEILLEUX
JEAN BASTIEN
P. ENG, MBA
Island Gold Mine General Manager
MARC-ANDRÉ LAVERGNEMAXIME GRONDIN
CIRC
Director,Human Resources
MÉLISSA TARDIF
ANNE DAYSTEVE BURLETON
LLB
Lawyer and Corporate Secretary
P. ENGPresident and
P. ENGVice-President,
GEO PHDVice-President
CPA, CAVice-President
CFA, MBAVice-President,
MBAVice-President,
Chief Executive Officer Operations Exploration Finance Business Development Investor Relations
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RICHMONT MINES: BOARD OF DIRECTORS
RENÉ MARION
P. ENG
Chairman ofthe Board
MICHAEL PESNER
CA
Director and Chairman of the Audit Committee
RENAUD ADAMS
P. ENG
Director, Presidentand Chief Executive Officer
PETER BARNES
CA
Director
ELAINE ELLINGHAM
P. Geo., MBA
Director
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2016 REVISED OPERATIONAL ESTIMATES2016 Production and Cost Guidance
2016 Capital Investment Guidance
Revised 2016 Operational Estimates Island GoldRevised 2016 Guidance
Beaufor Revised 2016 Guidance Original 2016 Guidance Revised 2016
Guidance
Gold Ounces Produced(1) 75,000 - 80,000 23,000 - 26,000 87,000 – 97,000 98,000 – 106,000
Cash Costs per Ounce (CAD$)(2) $800 - $840 $1,150 - $1,300 $930 - $1,000 $885 - $945
Sustaining Capital per Ounce (CAD$) $240 - $270 $270 - $310 $250 - $280 $250 - $280
Corporate G&A per Ounce (CAD$) - - $95 - $110 $95 - $110
All-in Sustaining Costs per Ounce (CAD$)(2) $1,040 - $1,110 $1,420 - $1,610 $1,275 - $1,390 $1,230 - $1,335
Cash Costs per Ounce (US$)(2)(3) $610 - $640 $875 - $1,000 $680 - $730 $675 - $720
Sustaining Capital per Ounce (US$)(3) $185 - $205 $205 - $235 $185 - $205 $185 - $205
Corporate G&A per Ounce (US$)(3) - - $70 - $80 $75 - $90
All-in Sustaining Costs per Ounce (US$)(2)(3) $795 - $845 $1,080 - $1,235 $935 - $1,015 $935 - $1,015
Revised 2016 Capital and Exploration ($M) Island GoldRevised 2016 Guidance
Beaufor Revised 2016 Guidance Original 2016 Guidance Revised 2016
Guidance
Sustaining Capital (CAD$) $18.9 $7.0 $24.1 $25.9
Project Capital (CAD$) $46.1 - $43.4 $46.1
Exploration (CAD$) $16.0 $1.1 $15.5 $17.1
Sustaining Capital (US$)(3) $14.4 $5.3 $17.7 $19.7
Project Capital (US$)(3) $35.2 - $31.8 $35.2
Exploration (US$)(3) $12.2 $0.8 $11.4 $13.1(1) Revised guidance estimates include 1,165 ounces produced from the Monique Mine in Q1 2016, which were not included in original guidance.(2) Cash cost and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the second quarter MD&A.(3) An exchange rate of 1.36 Canadian dollars to 1.0 US dollar was used for the original 2016 guidance issued on Feb. 11, 2016. The revised guidance assumes an exchange rate of 1.33 for January to June and
1.30 for July to December.
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MINERAL RESERVES INCREASE BY 187%
Gold oz.63,850
2015
Min
eral
Res
erve
s(0
00’s
oun
ces)
Gold oz.300 561,700
200
100
02012 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 31Gold 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%
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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, 2014Tonnes Grade
OuncesTonnes Grade
Ounces(metric) (g/t Au) (metric) (g/t Au)ISLAND GOLD MINEProven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750BEAUFOR MINE4
Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850Total Measured & Indicated Resources 843,000 6.34 171,900 917,000 6.44 189,850Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600MONIQUE MINE5
Proven Reserves2
Probable Reserves2 14,500 3.16 1,450Total Proven & Probable Reserves2 14,500 3.16 1,450Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850WASAMAC GOLD PROPERTY6
Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400FRANCOEUR GOLD PROPERTY6, 7
Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000Total Measured & Indicated Resources 320,000 6.47 66,600 320,000 6.47 66,600Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150TOTAL RESERVES AND RESOURCESProven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900
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TOP INSTITUTIONAL SHAREHOLDERSFirm Name % O/S Shares Held CityVan Eck Associates Corporation 15.90 9,327,500 New York
RBC Global Asset Management Inc. 6.54 3,837,011 Toronto
Renaissance Technologies LLC 5.46 3,204,800 New York
Connor, Clark & Lunn Investment Management Ltd. 5.29 3,102,814 Vancouver
Oxbridge Group, Inc. 5.15 3,020,854 Westmount
OppenheimerFunds, Inc. 5.00 2,932,300 New York
1832 Asset Management L.P. 3.90 2,290,000 Toronto
Sprott Asset Management LP 3.80 2,226,941 Toronto
Ruffer LLP 2.81 1,650,000 London
Mackenzie Financial Corporation 2.63 1,541,277 Toronto
Hillsdale Investment Management Inc. 2.27 1,334,000 Toronto
Manulife Asset Management Limited 2.13 1,250,000 Toronto
Acadian Asset Management LLC 2.02 1,184,445 Boston
Montrusco Bolton Investments Inc. 1.83 1,071,412 Montreal
Fonds de Solidarité FTQ 1.68 985,600 Montreal
Sentry Investments Inc. 1.67 980,900 Toronto
BMO Asset Management Inc. 1.54 905,000 Toronto
Dimensional Fund Advisors, L.P. 1.53 900,000 Austin
Eterna Investment Management Inc. 1.52 888,600 Quebec City
BlackRock Asset Management Canada Limited 1.49 875,000 Toronto
Greystone Managed Investments Inc. 1.47 862,780 Regina
Arrowstreet Capital, Limited Partnership 1.47 861,192 Boston
CIBC Asset Management Inc. 1.34 786,900 Montreal
James Investment Research Inc. 1.34 783,590 Xenia
Picton Mahoney Asset Management 1.32 775,000 TorontoAs of Sept. 27, 2016. Source: Nasdaq IR Insight
www.richmont-mines.com 25RIC: TSX NYSE-MKT
ISLAND GOLD MINEC Zone – Metal factor (grade x width) as of Dec. 2015
www.richmont-mines.com 26RIC: TSX NYSE-MKT
ISLAND GOLD MINE
Histogram of the Ext C Samples
www.richmont-mines.com 27RIC: TSX NYSE-MKT
ISLAND GOLD MINE
Log Normal Probability Plot (Ext C Drill Hole Samples)
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ISLAND GOLD MINEDeep Directional Drilling(Phase 2)
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ISLAND GOLD MINE2016 Eastern Lateral ExplorationPhase 2
www.richmont-mines.com 30RIC: TSX NYSE-MKT
ISLAND GOLD MINESWestern Lateral Exploration
www.richmont-mines.com 31RIC: TSX NYSE-MKT
RICHMONT MINESASSETSVALD’ORAREA– EXPLORATION PROPERTIES
www.richmont-mines.com 32RIC: TSX NYSE-MKT
RICHMONT MINESASSETSTIMMINS AREA/ EXPLORATION PROPERTIES
www.richmont-mines.com 33RIC: 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.
www.richmont-mines.com 34RIC: TSX NYSE-MKT
www.richmont-mines.com 35RIC: TSX NYSE-MKT
SUSTAINABLE BUSINESS MODEL
We believe in developing Richmont based on the principles of sustainability,in order to deliver sustainable andsuperior value for all stakeholderswith low risk exposureto precious metals.
Human ResourcesMaking 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
SustainableCommunity DevelopmentLeadership and consulting skills for promoting comprehensive change
toward sustainability in communities and developing world-class relationships
with Aboriginal communities.
SustainableProcess 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.
SustainableGrowth 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.