EXPLORATION
Gold producer Richmont Mines has increased the compliant proven and probable reserves at its two largest operations by 187%, lifting the reserves at its flagship Island Gold mine near Wawa, Ontario, by 206% (net of depletion) and increasing reserve grade by 29%.
As of December 31, the TSX- and NYSE MKT-listed miner now boasted total reserves at the Island Gold mine of 561 700 oz of gold at a reserve grade of 8.26 g/t.
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