Richmont Mines posts 4Q profit

ROUYN NORANDA, Quebec (AP) " Richmont Mines Inc. on Tuesday reported fourth-quarter net income of $793,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Rouyn Noranda, Quebec-based company said it had profit of 1 cent.

The gold mining company posted revenue of $33.1 million in the period.

For the year, the company reported profit of $9.4 million, or 15 cents per share. Revenue was reported as $127.4 million.

Richmont Mines shares have climbed 37 percent since the beginning of the year. The stock has nearly tripled in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RIC at


Keywords: Richmont Mines, Earnings Report

This story has been automatically published from the Associated Press wire which uses US spellings

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production apcf05 at 28 Apr 2017 08:49:48 Processing Time: 690ms