Richmont Mines Inc. (TSX:RIC) (NYSE MKT:RIC) is pleased to announce that it will be added to the S&P/TSX SmallCap Index, effective after the close of trading on Friday, September 18, 2015. Standard and Poor’s Canadian Index Operations announced this addition on September 11, 2015, following results of their annual review of the S&P/TSX SmallCap Index.
Mr. Renaud Adams, President and CEO, commented: “The addition of Richmont to the S&P/TSX SmallCap Index is an important milestone for our company and recognizes the progress we have made over the last couple of years as we successfully transition Island Gold Mine into a low cost, long life and higher grade operation. We are confident that the inclusion in the index will improve trading liquidity and expose Richmont to a much broader range of investors.”
The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted and was developed with industry input as the ideal benchmark for those with small cap exposure of the Canadian equity market. The Toronto Stock Exchange (TSX) serves as the distributor of both real-time and historical data for this index. For more information, visit: www.standardandpoors.com.
About Richmont Mines Inc.
Richmont Mines has produced over 1.5 million ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production. The Corporation currently produces gold from the Island Gold Mine in Ontario, and the Beaufor Mine in Quebec. The Corporation is also advancing development of the significant high-grade resource extension at depth of the Island Gold Mine in Ontario. With 25 years of experience in gold production, exploration and development, and prudent financial management, the Corporation is well-positioned to cost-effectively build its Canadian reserve base and to successfully enter its next phase of growth.
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