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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIC at https://www.zacks.com/ap/RIC

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Keywords: Richmont Mines, Earnings Report

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

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