Post on 21-Jan-2017
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TSX – NYSE MKT: RIC ww
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Island Gold MineSite Visit September 30, 2015
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC22
Safe harbor statement & cautionary note to U.S. investors concerning mineral resource estimates
This presentation contains forward-looking statements that include risks and uncertainties. The factors thatcould cause actual results to differ materially from those indicated in such forward-looking statementsinclude changes in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined andunforeseen difficulties in mining operations that could affect revenue and production costs. Other factorssuch as uncertainties regarding government regulations could also affect the results. Other risks may bedetailed from time to time in Richmont Mines Inc.’s periodic reports and annual notice.
The mineral resource estimates in this presentation were prepared in accordance with Regulation 43-101adopted by the Canadian Securities Administrators. The requirements of Regulation 43-101 differsignificantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). Inthis presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these termsare recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. miningcompanies, 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 determinationhas been made that the mineralization could be economically and legally extracted at the time thedetermination is made. United States investors should not assume that all or any portion of a Measured orIndicated Resource will ever be converted into “Reserves”. Further, “Inferred Resources” have a greatamount of uncertainty as to their existence and whether they can be mined economically or legally, andUnited States investors should not assume that “Inferred Resources” exist or can be legally or economicallymined, or that they will ever be upgraded to a higher 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.
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Island Gold MineSeptember 30 Site Visit - Agenda
TSX - NYSE MKT: RIC 3Copyright 2015 by Richmont Mines
1. Welcome & Safety Induction
2. Mill & Surface tour
3. Lunch & Presentation,Q&A
A. Introduction Work force, Health & SafetySustainabilityJean Bastien, General Manager
B. GeologyDoug Mac Millan, Senior GeologistRaynald Vincent, Chief Geologist
C. OperationsDevelopment PlansMining StudiesJean Bastien, General Manager
4. Underground visit
5. Core Display Core Shack
6. Presentation 2015 Planned Exploration Drilling ProgramsRaynald Vincent, Chief Geologist
7. Departure
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Copyright 2015 by Richmont Mines
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Safety induction
At all times:
No horseplay is tolerated
Each refuge station has a first aid kit.
Tell your tour guide of any injury
immediately.
Have a safe and
pleasant visit
In case of emergency, stay calm, follow instructions from your tour guide and regroup in the gathering area beside the parking lot. Each area is equipped with a fire extinguisher
When your outside of the building, PPE should be worn at all times1. Hard hat2. Safety glasses3. Reflecting vest4. Safety boots
Stay with your guide at all times. If for any reason you lose contact STAY WHERE YOU ARE and your tour guide will find you.
In case of emergency, stay calm and follow your tour guide’s instructions.
No horseplay is tolerated at any time.
Island Gold MineSafety Induction – Main Buildings & Surface
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC5
Island Gold MineSafety Induction - Underground
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Underground and surface safety requirements:
1. Tag in prior to going underground2. Do not exit from vehicles in motion3. Use 3 points of contact rule when entering/exiting
a vehicle4. Stay with the group at all times5. Follow the instructions of your guide in an
emergency situation6. Watch for uneven ground and report any unsafe
conditions7. Tag out when leaving underground
Medical clinic and help available at all times.
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC6
IntroductionPresented by:
Jean BastienGeneral Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC7
Island Gold MineMineralized zones
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RICHMONT MINES203 Mining Titles
7,168 hectares
Emily Bay
ShowingArgonaut
1,968 he
Dubreuilville
2 km
Island Gold MineManagement Team
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
Jean Bastien, P. Eng., MBA Sylvain DroletGENERAL MANAGER HEALTH AND SAFETY SUPERINTENDENT
Jacques Proulx, Tech. Michael Pahkala, P. Eng.ASSISTANT GENERAL MANAGER TECHNICAL SERVICES SUPERINTENDENT
Marc Leclair Donald LachapelleUNDERGROUND SUPERINTENDENT MAINTENANCE SUPERINTENDENT
Peter Massi Daniel Vachon, P. Eng.MILL SUPERINTENDENT PROJECTS & PLANNING SUPERINTENDENT
Sylvie Belisle, CHRL Jay Henry, CHRLH.R. SUPERINTENDENT H.R. SUPERINTENDENT
Maxime Morin Ghislain CyrENVIRONMENT SUPERINTENDENT LOGISTIC & PURCHASING SUPERINTENDENT
Raynald Vincent, P. Eng., M.G.P. Justin Roy, CHIEF GEOLOGIST CHIEF ENGINEERING
7
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Island Gold MineLocation Map
Copyright 2015 by Richmont Mines
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC9
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
9TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Island Gold MineExtending Mine Life at Depth....
2015 Stoping
Mined out
Reserves – Resources 31/12/14
Actual Ramp and Drifts
190 Level
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC1010
Island Gold MineSolid Q2 and 6 Month 2015
2015 – a year of repositioning :
Extensive development work and investment being completed in 2015 to reposition the mine for significant long-term growth
2015 forecasted gold sales: 45,000 – 50,000 ozs
6 month 2015 results on track:
Record quarterly gold sales: 14,997 ounces
Record quarterly milled tonnage: 71,584 tonnes Mill demonstrated that it can efficiently
operate at current capacity limit of 800 tpd
H1 2015 Gold production: 25,761 ounces Gold sales: 24,626 ounces Cash cost/oz: CAN$1,120 (US$906) AISC/oz: CAN$1,501 (US$1,214)
Q1 CAN$1,643 (US$1,485)Q2 CAN$1,307 (US$1,063)
TSX - NYSE MKT: RIC © 2015 by Richmont Mines
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC1111TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Island Gold Mine2015 – Beginning a transformational year
SHAREHOLDER SCORECARD:
1. Ramp development: complete planned accelerated development of ramps, and related electrical, water management work
2. 620 metre level drift: complete definition/delineation drilling to upgrade to M&I and then to Reserves
3. Mining & milling studies: complete studies and internal review by year-end 2015 to determine long-term growth scenario.
4. Fixed assets & equipment: make targeted and strategic investments to position the mine for game-changing growth.
Main ramp at -700 m East ramp at -480 m
Drift extended to 478 m 24,803 m of drilling (def. & del.)
Studies initiated Preliminary results: H2 2015
Power to u/g increased by 700 hpMore upgrades in Q3 & Q4
YTD 2015 PROGRESS
OBJECTIVE
Main ramp to -750 metres, East ramp to -570 metres
Extend drift to 600 metres; complete 59,000 m of drilling
Evaluating base case and alternative mine/mill options
Repositioning & asset upgrade investments
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC12
WorkforceHealth & Safety
Presented by:
Jean BastienGeneral Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC13
Island Gold MineWorkforce Statistics (as of July 31st , 2015)
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74%
26%
% Local % Non-Local
Total mine site workforce of 384:
241 employees 137 contractors
Workforce – local vs. non-local breakdown: Successfully increasing local workforce Low turnover rate
53%47%
% Local % Non-Local
2008 2014
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC14
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC14
Island Gold MineHealth & Safety
• 4.5 years without a lost time accident
• Mine rescue competition:
Mine District Champion in 2014
First Aid Champion 3 years in a row (2013-2015)
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC15
Island Gold MineHealth & Safety
SAFETY PERFORMANCE
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 15
To be modified
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015
frequency 12 month 8.7 9.7 5.7 6 5.5 3.5
lost time accident 0 0 0 0 0 0
0
2
4
6
8
10
12
Freq
uen
cy
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SustainabilityPresented by:
Jean BastienGeneral Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC17
• No major non-compliance registered in 2014
• Working on lifting tailing storage facilities by approximately 6 meters,
which would provide an additional minimum 8 years of storage at
current mill capacity of 800 tpd.
• Obtain continuous discharge permit.
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 17
Island Gold MineEnvironment
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Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 18
Island Gold MineCommunity
First Nations relationships:
• Michipicoten
• Missanabie Cree
Local community of Dubreuilville:
• 17 km away from mine site
• Total population of 900
• Actual Bunkhouse: 80 rooms + kitchen facility
• Plan to add 98 rooms in 2015
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC19
GeologyPresented by:
Doug Mac MillanSenior Geologist
Raynald VincentChief Geologist
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC20
Lake Superior
Marathon
White River
17
25 km
Island Gold MineWawa Geological Sub-province
Wawa
HEMLO
RENABIE
MISHI EDWARDS
ISLAND GOLD MINE
Proterozoic Plutonic and Volcanic RocksArchean Granitoid PlutonsArchean Metasedimentary TerranesArchean Greenstone TerranesFaultGold Past Producer
Gold Producer
TSX - NYSE MKT: RIC 20Copyright 2014 by Richmont Mines
SUGAR ZONESCHREIBER
EAGLE RIVER
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC21
Wawa
Lake Superior
17
10 km
Dubreuilville
519
RENABIE
MISHI
EAGLE RIVER
EDWARDS
ISLAND GOLD MINE
Archean Granitoid PlutonsArchean Greenstone TerranesFaultGold ShowingGold Past ProducerGold Producer
MINE
Island GoldMaginoKremzarEdwardsClineRenabieWawa AreaEagle River
1,675,000803,000306,000390,000300,000
5,584,000478,000
3,300,000
5.64.44.8
11.26.57.27.89.3
307,000114,000
47,000140,000
63,0001,100,000
119,000962,000
MINE TONNAGE AU g/t OUNCES
MAGINO
21
Past Production 2,800,000 ozs Au
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Island Gold MineWawa Gold Camp
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC22
Mill
EDWARDSProduction : 0,5 MT @ 11.0 g/t Au144 000 oz Au 1938,1997-2002
CLINEProduction : 0,3 MT @ 6.5 g/t Au63 000 oz Au 1938-40, 1947-48
1 km
Lochalsh
Gold Showing
KREMZARProduction : 0,6 MT @ 4.8 g/t Au47 000 oz Au 1988-1990
ISLAND GOLD MINE (31/12/2014) Proven & Probable Reserves : 895,000 T @ 6.39 g/t Au183,750 oz Au Measured & Indicated Resources: 733,500 T @ 9.29 g/t Au219,050 oz AuInferred Resources: 3,547,500 T @ 8.79 g/t Au1,002,750 oz Au
Goudreau
Closed Gold Mine
Producing Gold Mine
Richmont Properties
MAGINOProduction : 0,8 MT @ 4.4 g/t Au114 000 oz Au 1930-40, 1988-92
DEEP C ZONE
Island Gold MineHoldings in Area
22
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Ego Deposit
Emily Bay
Showing
Argonaut 1,968 hc.
Dubreuilville
2 km
RICHMONT MINES PROPERTIES
OTHER
OWNERS
Portal Main
Ramp
ISLAND GOLD MINE
ClineEdwards
Magino
Richmont Mines Inc.Land Tenure
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RICHMONT MINES
216 Mining Titles
7,696 hectares
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC24
Island Gold MineGoudreau Lake Deformation Zone
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5 km
N
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Island Gold MineShowings and Deposits
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Island Gold Mine2014 Mineral Reserves and Resources
ISLAND GOLD MINE (31/12/2014)
TOTAL RESERVES AND RESOURCES
Proven & Probable reserves : 895,000 T @ 6.39 g/t Au
183,750 oz Au
Measured & Indicated resources: 733,500 T @ 9.29 g/t Au
219,050 oz Au
Inferred resources: 3,547,500 T @ 8.79 g/t Au
1,002,750 oz Au
-500m
Crown pillar
W E
-1000m
250m
Proven Reserves
Probable Reserves
Indicated Resources
C Zone Indicated &
Inferred Resources
Actual Ramp and Drifts
Mined Out
Au g/t / true thickness (metres)
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Island Gold MineIsometric View
27TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
515L to 700L
NE
Lochalsh Island ZoneExtension1
Extn 2Goudreau Zone
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Island Gold MineIsometric View
28TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
N
620 Exploration drift
E
Goudreau Extn 2 Extension 1 Island ZoneLochalsh
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC29
2000 100
meters
4900m
Island Gold MineC Zone - Metal factor (grade x width)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Interpreted plunge of deposit axis
29
Cut off (3.75 g/t Au / 2.0 m)
327
30
20
10
5
0
Metal FactorGrade (g Au/t) x true width (metres)
Average mining grade (5.84 g/t Au / 2.4 m)
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
11.25g/t Au / 6.56m
13.3g/t Au / 3.6m
19.8g/t Au / 3.93m
2.04g/t Au / 6.33m
5.06g/t Au / 2.47m
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC30
2000 100
meters
4900m
Island Gold MineC Zone – Grade (g/t Au)
30TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Cut Grade(95g/t Au)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC31
Island Gold MineC Zone – True width (metres)
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2000 100
meters
4900m
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
True width (metres)
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC32
Island Gold MineSchematic Section of Main Mineralized Zones
32TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Overburden
535 Level
620 Level
Island Mainmineralized zones
Inflection
Island Lowermineralized zones
Actual rampand drifts
Crown pillar
-500m
-750m
-250m
50m
100m
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC33
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Island Gold MineSection 14940E
S N
-500m
-900m
100 m
510 Level
535 Level
Zone
Island Gold Lower Resources
Section 14940E
560 Level
585 Level
Composite Longitudinal Section
620 Explo. Level
635 Level
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Planned Dev.
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Island Gold MinePlan View – 675 Level
Composite Longitudinal Section
Level 675
675 Level Plan
Zone
W E
10
0 m
620 Exploration Level
ISLAND EXT 1 EXT 2
Island Gold Lower Resources
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC35
Island Gold MineTypical Section – Looking West
Crown pillar
-500m
-750m
-250m
Crown pillar
-1,000m
Island Lowermineralized zones
Mafic dykes
14960ESection
14740ESection
Mafic dykes
Island Lowermineralized zones
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Island Gold Mine
Copyright 2014 by Richmont Mines
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Island Gold MineShear and Extensional Veining
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Island Gold MineGoudreau Zone Gold Vein
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Island Gold MineIsland 560 Sill
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ISLAND 560C
Approx. 13 cm
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Island Gold MineComposite Longitudinal Section, Lower Zones
400-514-1830.0 g/t Au / 9.55 m
ISLAND GOLD MINE (31/12/2014)TOTAL RESERVES AND RESOURCES
Proven & Probable Reserves : 895,000 T @ 6.39 g/t Au, 183,750 oz Au Measured & Indicated Resources: 733,500 T @ 9.29 g/t Au, 219,050 oz AuInferred Resources: 3,547,500 T @ 8.79 g/t Au m 1,002,750 oz Au
400-528-104.79 / 2.87
400-528-097.44 / 8.49
400-528-104.44 / 6.07
GD-14-022.43/1.5
GD-14-01C19.87 g/t Au / 3.93 m
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DH 400-514-18: 30.06G/9.55M; @ -950M ELEV.
Smokey quartz vein 4.5 metres wide, weak development of accompanying
stringers, vertical zonation of veining style from sheeted veinlets +/- decimeter
scale veins in upper levels to up to 2.0 metres veins at depth.
Island Gold MineDisplay Core C Zone
41
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Still open at depth... GD14-01C : 19.9 g/t Au over a true width of 3.9 m
1,200 metres below
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DH 425-487-12: NICE DEEP C VEIN - SMOKEY COLOR + VG, NQ SIZE.
Island Gold MineDisplay Core C Zone
43
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Island Gold MineDisplay Core C Zone
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DH 425-487-18 : 1 CM AU STRINGER AT 9,240 G/T AU
SAMPLE LENGTH OF 30 CM.
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Island Gold MineDescription of Gold Particles
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Island Gold MinePrevious QA/QC Pulp Metallic Method Review
2004 RPA Technical Report on the Island GoldDeposit concludes that gold in the Island Deposit isfine grained enough to respond well to normal fireassay procedures.
2015: RPA completed a full review of estimatedMineral Resources as at December 31, 2014.
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Copyright 2015by Richmont Mines 47TSX - NYSE MKT: RIC
Island Gold MineQuality Assurance / Quality Control
Standard Reference Material inserted at rate of 1:25in core sample stream for exploration and 1:50 forproduction
Standard Reference Material inserted into everyoutgoing chip sample batch (10-25 samples/batch)
Coarse field blanks inserted after all visible gold coresamples
Pulp and Reject laboratory cross checking routine
Duplicate chip sampling on faces and core ongoing
Core shack on gated mine site with limited access
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC48
Island Gold MineLab Expert vs. Actlabs pulp cross checks
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y = 0.9796x + 0.1558R² = 0.9941
0
10
20
30
40
50
60
70
80
0 10 20 30 40 50 60 70
Act
Lab
s C
ross
Ch
eck
Au
g/t
Lab Expert Original Au g/t
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Island Gold MineC Ore Zone - Deep Level vs. Upper Level
Copyright 2015 by Richmont Mines
Higher grades in Island Deep averaging over 8.79 g/t in the currentinferred resource vs. the 5.92 g/t average mined between 2007-2014 inupper mine or a 35% grade increase.
Veining more robust with increasing depth - a change from cm todecimeter stringers and veins progressing into decimeter and metre scaleveins with increasing depth.
Average zone width of deep resource 4.5 metres width vs. upper zonesaveraging 2.7 metres or ~40% width increase (Press release 02/05/13).
Vg hit ratio is typically 50% or better at depth, compared to 30% in theupper levels as calculated in the first Deep C resource estimate.
Structural-alteration corridor enveloping all zones appears to bewidening at depth from about 50 meters to 100 meters.
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC50
Island Gold MineMineral Reserves and Resources
50TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Goudreau 215 G2
Goudreau
Island 560 C
Approx. 13 cm
Upper Island D
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC51
49,196 oz
(1) Resources are exclusive of Reserves, and do not have demonstrated economic viability at this time. (2) Established on December 31/14, using a gold price of US$1,200/oz and an exchange rate of CAN$1.0833=US$1.00. In 2013, a price of US$1,225/oz and an exchange rate of CAN$1.06=US$1.00 were used. (3) Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.
Mineral resources were estimated by 3D block modeling with blocks of 5m x 5m x 2 m for the Upper part and blocks of 10m x 10m x 5m for the lower part of the mine. Grade estimation was done by ordinary Kriging or ID2
51
MINERAL RESERVES + RESOURCES
1
AS OF DEC. 31, 2014 AS OF DEC. 31, 2013
Tonnes(metric)
Grade(g/t Au)
Au ozs contained
Tonnes(metric)
Grade(g/t Au)
Au ozs contained
Island Gold Mine
P & P Reserves 2 (above -400 m) 463,000 6.04 90,000 644,500 6.01 124,450
P & P Reserves 2,3 (below -400 m) 431,500 6.76 93,750 88,500 6.70 19,050
Total P & P Reserves 2 895,000 6.39 183,750 733,000 6.09 143,500
M & I Resources (above -400 m) 295,500 6.83 64,850 283,500 7.07 64,450
Indicated Resources3 (below -400 m) 438,000 10.95 154,200 456,000 11.52 168,900
Total M & I Resources 733,500 9.29 219,050 739,500 9.81 233,350
Inferred Resources (above -400 m) 369,500 6.97 82,800 363,000 7.09 82,750
Inferred Resources 3 (below -400 m) 3,178,000 9.00 919,950 3,196,000 9.29 954,600
Total Inferred Resources 3,547,500 8.79 1,002,750 3,559,000 9.07 1,037,350
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Island Gold MineMineral Estimated Reserves & Resources
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Island Gold MineResource Drilling Parameters
Measured Resources:
DDH Spacing: 20 metres and less
within 8 metres of an U/G opening (raise, sill, stope)
Indicated Resources:
DDH Spacing: 20-25 metres
no U/G openings, good continuity of mineralization
Inferred Resources:DDH Spacing: more than 25 metres, wider spacing
Limit of resources block defined on longitudinal section with amaximum of 30 metres from a DDH
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC53
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development 2015 Mining Area
Mined out
Resources 31/12/2014 Actual Ramp and Drifts
Extend ramp systems
Exploration/definition drift on the -620 m level
Reserves 31/12/2014
Dyke
Dyke
Drill hole intersections+
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Island Gold MineHighlights Results of Face Sampling – C Zone
54TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
LEVEL
CHANNEL FACE SAMPLING
Length(m)
Au (g/t)Cut 47 g/t Au
True Thickness(m)
515W 37 10.53 2.2
535W 83 9.82 2.5
560W 120 9.69 2.8
585W 95 6.96 3.1
610W 99 7.34 2.6
635W 167 12.52 2.5
655W 77 10.67 2.7
535E 34 12.05 2.4
560E 109 6.59 3.0
585E 152 8.73 3.8
610E 162 7.64 3.1
635E 142 8.65 2.9
655E 83 8.15 2.9
Results of development (up to September 28, 2015)
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC55
Island Gold Mine2015 Planned Development & Drilling Activities
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Definition drilling 14,500 m
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
2015 Stoping
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
55
2015 PLANNED DRILLING
Drilling will define & delineate between -500 metres and – 860 metres
Delineation drilling 44,500 m
2015 OBJECTIVES
1. Extend main access ramp to -750 m2. Extend East Ramp to -570 m3. Extend 620 level drift to ~600 m length
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC56
OperationsPresented by:
Jean BastienGeneral Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC57
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Island Gold MineMining Methods
Production Drilling
1.5mx1.5m spacing
Φ2½”
Slot Raise 1.8mx1.8m
Mining is done using long-hole stoping
100% long-hole stoping anticipated for below 400 metres
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC5858
Island Gold MineMine Sequencing
Pull void is used to create void for the next blast Cables are used in the walls between rings for ground support
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
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Island Gold MineMill Details
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0.8 km from the ramp portal
CIP gold milling process
CRUSHING GRINDING LEACHING CIP CIRCUIT STRIPPING ELECTROWINNING & REFINING
All incurred costs are in Canadian dollars
Current capacity of 850 tpd, average capacity around 800 tpd
Permitted capacity of 900 tpd
2014 scoping study determined that the mill can be expanded to
1,200 tpd, at a cost of $20 million
Jaw crusher and cone crusher replaced in 2014
Screening capacity will be increased in 2015
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC61
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Island Gold MineMill Flowsheet – 1 of 2
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC62
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Island Gold MineMill Flowsheet – 2 of 2
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC6363Copyright 2015 by Richmont Mines
Island Gold MineMine Cost/Tonne Breakdown – FY 2014
All of Island Gold Mine operating costs are in Canadian dollars 2014 average exchange rate CAN $0.9054 = US $1.00
$97
$36
$36
$8
Mining Surface & administration
Milling Royalties
2014 Cash Cost/Tonne (CAN$)Total 2014 cost/tonne = CAN$177
2014 Cash Cost/Tonne (CAN$, in %)
0%
5%
10%
15%
20%
25%
30%
35%
TSX - NYSE MKT: RIC
Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC6464
Island Gold MineMining Unit Cost Opportunity
TSX - NYSE MKT: RIC
Near-term opportunity: lower the mining cost by returning to historical development ratio
Un
it M
inin
g C
ost
% of Development Ore of Total Ore Mined
Long-term planned ratio
© 2015 by Richmont Mines
0
50
100
150
200
250
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
Long-term planned ratio
Q1 2015
Q2 2015
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC65
2015 Development
Plans Presented by:
Jean BastienGeneral Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC66
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Island Gold MineWell Positioned for Growth
Copyright 2015 by Richmont Mines
RICHMONT’S OBJECTIVE
To transform Island Gold Mine into alonger life, higher production and lowercost operation, with the ability todeliver years of high-quality growthand increased net free cash flowstreams.
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC67
ISLAND GOLD MINEOCTOBER SHUTDOWN…. (MILL)
• Service the NGR (Neutral Ground Resistor) at the portal and mill substation
• The main mill transformer will be replaced
• Increase screening capacity in the crushing plant
• Gear (Pinion and Bull gear) - Non Destructive Testing
• Replace pinion on re-grind mill
• Installation and commissioning of new Dust Collector
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC68
ISLAND GOLD MINEOCTOBER SHUTDOWN…. (UNDERGROUND)
• Service main fan on original vent raise
• Replace main portal transformer
• Replace substations at 125, 190 G1, and 390.
• Remove obsolete ducting and cables
• Leaky feeder installation
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC69
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Island Gold MineOctober Shutdown (Underground)
• Drill and blast bumps and corners in the main ramp
• Drill and install rabbit ears on pipe
• Repair and install new sprinkler system
• Install 8 inch discharge pipe from 125 to portal
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC7171
Island Gold MineMilling and Mining Studies
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ajouter de l’info
Island Gold Mine - Studies
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East
Update on mining studies will consist of:
- Optimization of Base Case scenario (800 tpd) with respective 2017-2022production & costs estimates
- Expanded scenario based on increased capacity with a third mininghorizon open in 2017
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC72
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Ontario Quebec
Island Gold MineMining Studies
Mining - Phase 1 Analysis:
Mining of reserves, indicated and inferred resources from level -450 to level -860considered for the studies
Over 2M tonnes of ore considered part of Phase 1, excluding isolated inferredresource blocks.
3 mining horizons created: (from 635 up, between 635 and 740 and between 740 and 860)
Long-hole mining method considered for Phase 1
Optimization of Base Case scenario (800 tpd by ramp):
Mining by ramp down to level -860
Optimization of mine plan (mining & development sequence)
5 year forecast (2017-2022) for production, opex and capex
Base case extended scenario to 900 tpd (average permitted level)
Expanded Scenario Analysis:
Analysis of the new mining capacity reached once third mining horizon (abovelevel -860) is open in 2017.
Optimization of mine plan and respective 5 year forecast (2017-2022)
Two scenarios contemplated:
(1) Full shaft and (2) New haulage ramp direct to mill from level -450
Expanded scenario to be brought to PEA level H1 2016
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC73
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Island Gold Mine2015 Planned Exploration Drilling programs
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC74
Island Gold Mine2015 Planned Development & Drilling Activities
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Definition drilling 14,500 m
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
2015 Stoping
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
74
2015 PLANNED DRILLING
Drilling will define & delineate between -500 metres and – 860 metres
Delineation drilling 44,500 m
2015 OBJECTIVES
1. Extend main access ramp to -750 m2. Extend East Ramp to -570 m3. Extend 620 level drift to ~600 m length
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC75
Island Gold Mine2015 Planned U/G Exploration Drilling (41,000 m)
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
5,000 m drilling
from 450 level 5,000 m drilling
from 340 level
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
31,000 m drilling
from 620 level
400-514-52
13.30 / 3.60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC76
Island Gold Mine2015 Planned Surface Exploration Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
8,500 metres of drilling2,500 m from surface +
6,000 m from Level 190
7,000 m drilling
from surface
23,000 m
drilling
from surface
190-419-12
21.12 (17.33 cut) / 4.78 c.l.
LC-388-01
5.73 / 2.70 c.l.
400-514-52
13.30 / 3.60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC77
2000 100
meters
4900m
Island Gold MineC Zone - Metal factor (grade x width)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Interpreted plunge of deposit axis
77
Cut off (3.75 g/t Au / 2.0 m)
327
30
20
10
5
0
Metal FactorGrade (g Au/t) x true width (metres)
Average mining grade (5.84 g/t Au / 2.4 m)
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
11.25g/t Au / 6.56m
13.3g/t Au / 3.6m
19.8g/t Au / 3.93m
2.04g/t Au / 6.33m
5.06g/t Au / 2.47m
Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com
Island Gold Mine2015 -2016 Deep Directional Drilling Program
190 Level
Crown pillar
W EGOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
400-514-52
11.25 / 6.56
- 500 m
- 1,000 m
- 1,500 m
Actual Ramp and Drifts
Gold Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
Previous holes
Target
Reserves – Resources 31/12/2014
Mined out
Deep directional exploration from surface (23,000 metres)
400-514-52
13.30 / 3.60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC79
Island Gold Mine2015 Planned Exploration Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Underground exploration 41,000 m
Lateral extension exploration 15,000 m
2015 Exploration DrillingPrevious holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
5,000 m drilling
from 450 level 5,000 m drilling
from 340 level
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
31,000 m drilling
from 620 level
7,000 m drilling
from surface
23,000 m
drilling
from surfaceSurface deep directional exploration 23,000 m
8,500 metres of drilling2,500 m from surface +
6,000 m from Level 190
190-419-12
21.12 (17.33 cut) / 4.78 c.l.
LC-388-01
5.73 / 2.70 c.l.
Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com
Island Gold MinePlanned Regional Surface Exploration Drilling
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mill
Maskinongelake
MAGINO MINE(1988-1992 & 1933-1939)114,000 oz Au0.8 MT @ 4.4 g/t Au
MAGINO OPEN PIT (Resources)158 MT @ 1.03 g/t Au 5.2 million oz Au
CLINE MINE (1938-1942)63,000 oz Au0.3 MT @ 6.5 g/t Au
EDWARDS MINE(1996-2002 & 1936-1937)144, 000 oz Au0.5 MT @ 11.0 g/t Au
KREMZAR MINE (1988-1990)47,000 oz Au0.6 MT @ 4.8 g/t Au
ISLAND GOLD MINE (31/12/2014) Proven & Probable Reserves : 895,000 T @ 6.39 g/t Au; 183,750 oz Au Measured & Indicated Resources: 733,500 T @ 9.29 g/t Au; 219,050 oz Au
East Extension
West Extension
- 1,000 m
- 500 m
- 1,500 m
MAGINO ISLAND GOLD EDWARDS CLINE
Ric
hm
on
t
Ric
hm
on
t
Arg
on
aut
Stri
ke M
iner
als
Drilling target
2015 Surface Exploration Program (7,500 m)
1 km
GDE-10-15
3.99 / 2.9
GDE-10-16
9.93 / 1.8
GD-11-06
10.90 / 1.2
Gold Zone Intersections (Au uncut g/t)
Au g/t / core length (metres)
LC-388-01
5.73 / 2.7
Clin
e M
inin
g C
orp
.
EastExtension
WestExtension