Richmont Mines (AMEX: RIC) - 500 Beiträge pro Seite

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[Sovereign]

Richmont ist in der Tat eine kleine feine Goldaktie. Den unten stehenden Quartalsbericht erachte ich als sehr gut...trotzdem hat der Markt nicht auf die guten Zahlen reagiert. Aus welchen Gründen auch immer...


Richmont Mines Announces Net Earnings of $3.7 Million - $0.24 Per Share - for the Second Quarter
MONTREAL--(BUSINESS WIRE)--July 23, 2002--Richmont Mines Inc. (AMEX:RIC - News; TSX:RIC.TO) is pleased to announce that revenues for the second quarter ended June 30, 2002, were $19,986,381 compared with $4,567,453 for the second quarter of 2001. The Company posted net earnings of $3,732,021, or $0.24 per share, compared with a loss of $4,474,063, or $0.30 per share, for the same quarter last year, when a write-down of $4,162,918 in mining assets was recorded as a result of the closing of the Nugget Pond Mine.

This significant increase in revenues and earnings is attributable to several factors, including higher gold sales, lower production cash costs and the higher selling price of gold, which averaged US$310 per ounce during the quarter compared with US$261 in 2001. Cash flow from operations before the net change in non-cash working capital items was $6,403,502, or $0.42 per share, compared with $109,040, or $0.01 per share, in the second quarter of 2001. Quarterly sales totalled 40,374 ounces of gold at a cash cost of US$166 per ounce compared with 10,005 ounces of gold at a cash cost of US$230 per ounce in 2001.

For the six-month period ended June 30, 2002, revenues were $20,849,687 compared with $9,904,657 for the same period of 2001. Net earnings for the first half of the year totalled $3,383,594, or $0.22 per share, up from a loss of $5,707,819, or $0.38 per share, in 2001. For the first six months of 2002, cash flow from operations before the net change in non-cash working capital items totalled $6,241,296, or $0.41 per share, compared with ($165,486), or ($0.01) per share, in 2001.

Following the resumption of operations at the Beaufor Mine in January 2002, ore processing began in April, and during the second quarter a total of 92,779 tons grading 0.26 ounces of gold per ton was treated at the Camflo Mill, yielding 24,511 ounces of gold. During the quarter, 18,865 ounces of gold from the Beaufor Mine produced at a cash cost of US$170 per ounce were sold.

During the second quarter of 2002, production from the Hammerdown Mine in Newfoundland was 49,305 tons of ore grading 0.47 ounces of gold per ton, yielding 22,955 ounces. Since milling operations did not resume until March, this essentially represents the mine production of the first two quarters of 2002. A total of 21,509 ounces of gold from Hammerdown Mine produced at a cash cost of $162 per ounce was sold during the quarter.

Outlook

Having acquired the Norex property adjoining the Francoeur Mine in February 2002, Richmont Mines is currently conducting an exploration program to assess the feasibility of extending the ore zones of the mine. This program is partially funded by the Quebec Ministry of Natural Resources, which will cover 50% of eligible expenses up to a maximum of $496,000. This funding agreement will remain in effect until March 31, 2003. Following the driving of an access ramp on level 17 of shaft 7 of the Francoeur Mine, a drilling program was initiated in June. This exploration work is testing two targets: the extension of the North Zone at depth and the extension of the West Zone. An exploration update will be published during the third quarter of 2002.

In light of the resumption of operations at the Beaufor Mine and production levels at the Hammerdown Mine, the production target for 2002 remains 100,000 ounces of gold at a cash cost of US$170 per ounce. As of June 30, 2002, Richmont Mines had forward sales contracts for 25,000 ounces of gold at a price of US$302 per ounce to be delivered between now and the end of the year. Richmont also has currency contracts for 11.5 million dollars US at an average exchange rate of 1.59. Given that all the hedging contracts are expiring before the end of the year, the company is well positioned in the event of a sustained increase in the price of gold.

Given its solid financial position - as of June 30, 2002, the Company had working capital of $20.6 million, no long-term debt and an unused line of credit of $5 million - Richmont Mines is actively searching for other profitable gold projects.


Jean-Guy Rivard
President

Disclosure regarding forward-looking statements

This news release contains forward-looking statements that include risks and uncertainties. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-US exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenues and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.`s periodic reports.


FINANCIAL DATA
----------------------------------------------------------------------
Three-month Six-month
period ended period ended
June 30, June 30,
----------------------------------------------------------------------
(CAN$) 2002 2001 2002 2001
----------------------------------------------------------------------
Restated Restated
Revenues 19,986,381 4,567,453 20,849,687 9,904,657
Net earnings (loss) 3,732,021 (4,474,063) 3,383,594 (5,707,819)
Net earnings (loss) per
share 0.24 (0.30) 0.22 (0.38)
Cash flow from (used in)
operations 10,730,299 (1,020,026) 3,296,773 (981,695)
Cash flow from (used in)
operations before
net change in non-cash
working capital 6,403,502 109,040 6,241,296 (165,486)
Average selling price of
gold (per ounce) US$310 US$261 US$309 US$263
Weighted average shares
outstanding 15,238,178 15,083,284 15,149,487 15,052,095
----------------------------------------------------------------------


----------------------------------------------------------------------
(CAN$) June 30, December 31,
2002 2001
----------------------------------------------------------------------
Working capital 20,628,814 14,286,625
----------------------------------------------------------------------


PRODUCTION AND SALES DATA
----------------------------------------------------------------------
Three-month period ended
June 30
----------------------------------------------------------------------
Gold Gold
Production sales Cash cost
Year (ounces) (ounces) (per ounce
sold)
----------------------------------------------------------------------
Hammerdown 2002 22,955 21,509 US$162
2001 - - -
----------------------------------------------------------------------
Beaufor 2002 24,511 18,865 US$170
2001 - - -
----------------------------------------------------------------------
Other properties 2002 - - -
2001 13,815 10,005 US$230
----------------------------------------------------------------------
Total 2002 47,466 40,374 US$166
2001 13,815 10,005 US$230
----------------------------------------------------------------------

----------------------------------------------------------------------
Six-month period ended
June 30
----------------------------------------------------------------------
Gold Gold
Production sales Cash cost
Year (ounces) (ounces) (per ounce
sold)
----------------------------------------------------------------------
Hammerdown 2002 24,932 23,259 US$161
2001 - - -
----------------------------------------------------------------------
Beaufor 2002 24,511 18,865 US$170
2001 - - -
----------------------------------------------------------------------
Other properties 2002 - - -
2001 18,699 23,013 US$225
----------------------------------------------------------------------
Total 2002 49,443 42,124 US$165
2001 18,699 23,013 US$225
----------------------------------------------------------------------

2001 average exchange rate : US$1 = CAN$1.55
2002 estimated exchange rate : US$1 = CAN$1.55




--------------------------------------------------------------------------------
Contact:
Richmont Mines Inc.
Martin Rivard, 819/797-2465
819/797-0166 (FAX)
Website: www.richmont-mines.com

[peter.wedemeier1]

Net Earnings von $3,7million ($0,24/Aktie) für das 2. Quartal. Sind das nicht fabelhafte Gewinne? Wenn dieses eine Techaktie wäre, dann hätte sie sich glatt verdoppelt.

peter.wedemeier1

[peter.wedemeier1]

Zurück aufwärts zu der 50-day EMA. Das Volumen steigt an und die Signale drehen nach oben.

peter.wedemeier1

[peter.wedemeier1]

Was für ein Wert!
Diese kleine aber feine Goldmine wird sehr bald sehr schenll nach oben steigen!

[peter.wedemeier1]

Gestiegen auf Volumen! Kurzfristiges Kursziel = $5,-. Versucht Geld in Gold- und Silberminen zu investieren solange bis der bear market (Greenspan`s bubble)beendet ist und das wird noch sehr lange dauern (wahrscheinlich Jahre), bis die ganze bubble aufgelöst ist.

peter.wedemeier1

[peter.wedemeier1]

Eine dezente Aufwärtsbewegung. Wir werden sehen, ob RIC in der nächsten Woche ein neues 52-Wochen Hoch machen kann.

peter.wedemeier1

[peter.wedemeier1]

Was für ein deal! (Long Empfehlung)

Geht long bei RIC. Diese Aktie meistert alle fundamentalen Kriterien für eine Definition als eine ideale value Aktie
und es ist eine Gold Aktie! Bullishe Chart Formation, überdurchschnittliches Volumen, und weinger als 50 Millionen
Aktien sind für das Trading erreich. RIC wird sich schon sehr bald sehr schön entwickeln.




peter.wedemeier1

[peter.wedemeier1]

Long Position geschlossen.

peter.wedemeier1

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[peter.wedemeier1]

RIC wieder hinzufügen zu eurer Liste. RIC hat eine großartige Bilanz.

peter.wedemeier1

[peter.wedemeier1]

URGENT ALERT!
1,500-POINT DOW CRASH
POSSIBLE ANY MINUTE!

Likely cause: A banking system
meltdown. In Europe, huge Commerzebank
is said to be near bankruptcy, the
result of giant losses taken on
speculative trades.

In the US, JP Morgan, Citibank or
Bank of America may be on the verge
of a blow-up in their derivatives
positions -- their share prices are
sliding into the gutter. There`s a
big black hole in our financial system
and it`s about to bust wide open.

Here`s what you must do IMMEDIATELY
to profit from a crash and the next phase
of the worst bear market in decades!


Dear Subscriber,

There`s no time to waste, so I am going to keep
this short. We believe the Dow is on the verge of
a 1,500-point crash.

It could unfold in a single day, or it may take
several days of persistent 400-, 500-, or 600-point
declines. Either way, it`s time to go on high alert.

What could spark it? A meltdown at a large
financial institution or several at the same time.

* In Europe, Commerzebank, one of the
Continent`s largest banks, is said to be
on the verge of bankruptcy, the result of
possibly huge losses taken on risky
derivatives trades.

* Here in the US, JP Morgan Chase, Citibank,
Bank of America, and many other banks are
seeing their share prices get slaughtered.
The way their shares have been pounded,
it looks like some people on the inside of
this brewing crisis know something and are
dumping the shares en masse. JP Morgan,
Citibank, and Bank of America`s share
prices have plunged as much as 43% -- in
just over six weeks!

* And who can forget about Japan`s banks? They
are dead broke. The action in the Nikkei --
the equivalent of our Dow -- says it all:
It`s plunged almost 500 points in the last
four days on banking fears. Prime Minister
Koizumi is scared that savers will yank their
money out of the banks, forcing banks to sell
even more stocks. So he just canned the
government`s plans to remove depositor
insurance, hoping to encourage savers to
stay put. But there`s nothing he can do to
prevent the Nikkei from tanking.

------------------------------
There`s no time left. Here`s
what you must do right now ...
------------------------------

No matter what, if you have any money invested in
stocks -- other than our recommended mining shares
and the royalty trust Enerplus -- there`s hardly any
time left: You must get out immediately. SELL NOW
following the specific, step-by-step instructions I
sent you in my Special CRASH WARNING Issue one week
ago.

If you`re hesitating because you`re thinking
"It`s just a paper loss," or "I`ll feel like a fool
if I sell now and stocks rally" -- please don`t fall
into that trap. It paralyzes you into indecision.
It`s the most common mistake investors make.

A paper loss is just as real as any other kind of
loss. Take it -- use it for tax purposes this
year -- and move on. When this market bottoms, you`ll
have plenty of opportunities to buy great companies
for as little as 10 cents on the dollar.

So get out now! Place the proceeds in our
"Mr. Conservative" portfolio ...

1. A total of 80% of your funds should be
invested in US Treasuries -- the safest securities
in the world. That`s about 60% in three-month
T-bills or Treasury-only money funds and about 20%
in 3- to 5-

[peter.wedemeier1]

Point of Decision - Gold & Gold Stocks

By: Clive Maund, Diploma Technical Analysis



I believe that we are at the point of decision with gold and gold stocks, what is known in “Catastrophe Theory” as the cusp. Last weekend I put out a short article stating that “the bottom is in” in gold and gold stocks. No sooner had this appeared than I was proved wrong, as far as gold itself is concerned, when gold broke down sharply out of its short-term uptrend. The gold stocks, however, held their ground, due to them being collectively, and in many cases individually, on a major support level as can be seen by a glance at the chart of the HUI goldBUGS index and the charts of numerous individual stocks. The Speculative Investor even put out a buy rec. on golds late last week on the basis of the HUI index, and therefore gold stocks, outperforming gold itself. I made the assumption that because the HUI index was on a major support level, which I figured would hold, the short-term uptrend in gold would also hold. This episode is a reminder to me that you can’t make assumptions in this business. So, what now?







First let’s review that short-term gold chart (see above) where we can see the breakdown from the short-term uptrend. This has damaged confidence short term and calls for lower prices still. The next thing to do is to zoom out for the bigger picture by looking at the medium-long term uptrend in force in gold since the general uptrend in gold accelerated late in 2001 (see below). The lower trendline of this uptrend is currently running just below the price at about $308. If this support fails in coming days/weeks then the next support level is $300 with strong support from the gentler uptrend shown on the chart at around $295, but a fall to $300 or $295 would mean that this accelerated uptrend, in force since late 2001, has been broken and that the best that can be hoped for thereafter, on a medium term basis, is a broad sideways trading range, perhaps lasting some months. A break below $290 raises the possibility of a test of support in the $255 - $260 area. This is, of course, a worst-case scenario. Obviously, if gold rises off this important trendline, gold stocks are in position for a big advance, but I am not now optimistic, for the following reasons. First of all, let’s face it, gold’s performance over the past weeks and months has been fairly miserable – even with a plunging stockmarket and the prospect of an imminent war, it failed to crack the massive resistance at $325 - $340 or even have a serious go at it and is now in retreat. The bear market rally in stocks has, in my opinion, some considerable way to go and will likely take the Dow to a short-sellers paradise in the vicinity of its falling 200-day moving average in the 9000 area. This rally is fundamentally fuelled by a diminution of paranoia about Iraq, the prospect of more rate cuts, some better than expected earnings and, technically, a short squeeze as the indices rise from oversold levels. I believe that Iraq will be attacked this winter. The talk about “weapons of mass destruction” is a smokescreen to provide a spurious excuse acceptable to the unthinking masses. The REAL reason is to gain control of Iraqi oil and eliminate any potential threats to Israel. Iraq will be garrisoned and used as a base from which to control, and subjugate as necessary, Iran and Syria etc. But I digress.




Any further significant rise in the general stockmarket will obviously pressure gold and gold stocks. Clif Droke with his parabolas etc is talking about gold returning to $300 in short order. That 380 point rise in the Dow in one day last week had a momentum that implied that the bear market rally would run significantly further than previous ones to the area I indicated above. If so $300 gold would seem inevitable in coming days/weeks. It’s important to keep in mind that $300 gold DOES NOT NECESSARILY mean that the golds will break down from their support levels.

Looking at the HUI index chart below it’s obvious that we are at an absolutely critical juncture with gold stocks. The index is sitting on the support of its rising 200-day moving average. Normally this is a classic buy spot and stocks bought at this point make spectacular gains, however, gold is trending down and in imminent danger of breaking its medium-long term uptrend. Clearly, then, there is also the danger of this important support on the HUI failing. If this happens the damage to sentiment will be severe and gold stocks will likely plunge. This is an extremely difficult one to call and I know that many analysts have fried their brains this past week trying to come to a conclusion. The Speculative Investor has come down on the bullish side of the fence, I am undecided but am, on balance, inclined to the bearish outcome. I myself bought a range of gold stocks early last week on the basis of my belief that the bottom was in, only to dump them in the last hour of trading on Friday. I got out even, some up, some down. I know there’s a chance that they’ll go steaming up next week, but if this support cracks the falls will likely be rapid and severe.




I realize that this article is a long-winded way of telling you that I don’t know what will happen over the next week or two. But I do know that I’m in good company and hope that this article at least helps to make you aware of the possible scenarios and the probability of these coming to pass.
The long-term bullish arguments for gold remain in place. The credit and financial system remain a shambles which is getting worse, despite palliatives like rate cuts and the innovative feature in the US of allowing people to miss a couple of payments on their home loans etc. – all this is just procrastination. Medium term, however, gold and gold stocks may end up in the doldrums and be a traders market – this becomes much more likely if that medium-long term uptrend breaks in coming days/weeks.

Gold Spot: $312.70 at close on 18 Oct 02
Ame Gold Bugs index, code HUI or $HUI
Value: 107 approx on 18 Oct 2002

By Clive Maund, Diploma Technical Analysis, no responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.
Kaufbeuren, Germany, 20 Oct 2002

[ThaiGuru]

@peter.wedemeier1

*RIC* Richmont Mines

Gratuliere zu Deiner Entscheidung!

Wann folgt River Gold, *RIV* Toronto?

[peter.wedemeier1]

GOWEST AMALGAMATED RESOURCES LTD. - ONTARIO MINERAL EXPLORATI ...

Aeroquest Ltd. has completed an airborne magnetic and electromagnetic survey on Gowest`s holdings north of Hearst, Ont., in the James Bay lowlands. An isolated, high-intensity magnetic feature has been detected below the Paleozoic cover. Depending upon the rock type causing the magnetic anomaly, various economic minerals may be present, including those containing nickel, copper, platinum or fertilizer compounds.

Ultimately, drilling is required to identify the rock and associated minerals. In the meantime, independent expertise will be commissioned to provide further interpretation of the anomaly`s depth, attitude and relative age, which information will assist in the drilling. If all goes as expected, drilling will be undertaken after freeze-up.

West of Timmins, Ont., Gowest owns an interest (25.5 per cent) in the Cripple Creek gold property along with Newmont (70 per cent) and Jonpol Explorations Ltd. (4.5 per cent). Newmont has offered to sell and Richmont Mines Inc. has offered to buy all interest in the property. The owners, including Gowest, have accepted Richmont`s offer. Gowest will receive approximately $50,000 and retain a small royalty, contingent upon production and the selling price of gold.

Gowest has also decided not to proceed with further work in an area near Sudbury. Although interesting nickel-cobalt mineralization is present, the area is restricted from mining in order to accommodate a small elk population. Apparently, until these animals are accounted for, there will be no mining allowed by the ministry.

[peter.wedemeier1]

RICHMONT MINES ANNOUNCES NET EARNINGS OF $4.3 MILLION ($0.28 ...

Richmont Mines` revenues for the third quarter ended Sept. 30, 2002, were $17,322,004 compared with $11,621,378 for the corresponding quarter of 2001. The company posted net earnings of $4,286,089, or 28 cents per share, compared with net earnings of $3,310,023, or 22 cents per share, for the third quarter of 2001. Cash flow from operations before the net change in non-cash working capital items was $6,541,493, or 42 cents per share, compared with $5,072,128, or 34 cents per share, for the same period last year. Gold sales for the quarter totalled 34,409 ounces, up from 27,219 ounces for the third quarter of 2001. These favourable results are mainly attributable to an increase in the average selling price of gold, which climbed from $269 (U.S.) per ounce for the third quarter of 2001 to $315 (U.S.) per ounce for the corresponding quarter this year.

For the nine-month period ended Sept. 30, 2002, revenues were $38,171,691 compared with $21,526,035 for the same period in 2001. Net earnings rose to $7,669,683, or 50 cents per share, up significantly from the net loss of $2,397,796, or 16 cents per share, posted in 2001. Cash flow from operations before the net change in non-cash working capital items for the nine-month period just ended was $12,782,789, or 84 cents per share, compared with $4,906,642, or 33 cents per share, last year. In 2002, gold sales for this period totalled 76,533 ounces produced at a cash cost of $154 (U.S.) per ounce compared with 50,232 ounces at a cash cost of $180 (U.S.) per ounce in 2001.

During the third quarter of 2002, the production of the Beaufor mine in Quebec totalled 75,391 tons of ore grading 0.28 ounce of gold per ton yielding 21,126 ounces of gold. Quarterly gold sales totalled 21,406 ounces produced at a cash cost of $140 (U.S.) per ounce. Since the resumption of operations at the Beaufor mine in January, 2002, a total of 40,271 ounces of gold produced at a cash cost of $154 (U.S.) per ounce have been sold.

At the Hammerdown mine in Newfoundland, 30,338 tons of ore grading 0.46 ounce of gold per ton were produced during the quarter, for a total of 13,477 ounces of gold. Sales for the quarter totalled 13,003 ounces of gold produced at a cash cost of $145 (U.S.) per ounce.

Outlook

Following the acquisition in February, 2002, of the Norex property adjoining the Francoeur mine, Richmont Mines initiated a major exploration program. An exploration update on all of Richmont`s properties will be published shortly.

Richmont Mines is on track to produce a record total of over 100,000 ounces of gold in 2002. Given its solid financial position -- as of Sept. 30, 2002, the company had working capital of $26.9-million and an unused line of credit of $5-million -- Richmont Mines is actively searching for other profitable gold projects.

[peter.wedemeier1]

COMMENTS FROM JIM SINCLAIR:

This is going to be the toughest call of this entire $300 - $330 sideways movement. The reason why is because, as we enter the $320 - $325 range, there is a knee-jerk reaction in the gold market. The gold market is so used to the arrival of JPM, Lehman, Goldman and Merrill as sellers pounding the market, that gold shares now almost automatically decelerate, as a knee-jerk reaction to gold being at the the $320 -$325 price. At this price, the gold shares` appreciation decelerates and actually stops dead in their tracks.

What the market has failed to realize is that these gold dealers, due to their own liquidity situations, are now no longer the big position takers in gold as they were before. All they have been doing lately is exercising clients` orders. The sellers of gold that have come into gold market at the $320 - $325 area have not been the gold cartel. They have been the local floor traders and speculator computer traders. Again, not the cartel. This is why we have had higher lows as we chop sideways.

I firmly believe the chances of taking out the $330 level to the upside before Christmas is real because the significant enemy of the gold price, the gold cartel, is out of business. They have had their trading capital called back to the parent holding company because of the effects of the credit downgrade on the parent holding companies. When the market wakes up that the enemy is no longer there, no event will be required to take gold above $330. It will simply go there.

Here is how we will determine if gold is going to break out above $330:

Have you wondered how I was able to determine the heads up and buy/sell points in this rally? Well, thanks to RGLD/GG and the use of proprietary measures in the duration period of the chart, the slow stochastic and Williams %R, I have when these leading (action-wise) gold shares entered an oversold condition, began to look for the buy and overbought for the sell. Now as gold approaches $330, if the gold shares (which historically know more about gold than gold does) are not into the overbought condition that have been so accurate, we will assume $330 is going to breach and NOT SELL our 1/3.

This means we are remaining disciplined, but being superbly focused. I will, as we near this situation, be doing daily technical reviews. I consider the market at this time more critically positive than ever before in this 11-month rally. The magnificently symmetric, three-year golden tea cup formation* would break to the upside out of the handle at a close above $330. This type of a formation, over this amount of time, is extremely rare and super bullish. I have in my 43 years never seen a technical formation of this kind for this long a duration with this type of symmetry. It is rare and important. This type of a formation will launch only one thing, a huge Bull market, if resolved to the upside. The probability of failure after gold breaks to the upside above $330 from this type of a formation is less than 10%. Those odds are outrageously good for the long.

We know the bull market in gold started 11 months ago, but history will record the breakout above the handle on the golden tea cup as "The Birth of the Gold Bull Market." This will occur because the amount of appreciation above the handle will be orders of magnitude compared to the 11-month appreciation we have already witnessed. Be assured that I am focused and will be keeping the Gold community as closely focused.

[orkadian]

Was ist denn bei Richmont los, kurs tritt heute (!) auf der Stelle bei vergleichsweise hohem Umsatz ????

[peter.wedemeier1]

RIC (+ 2.64% bei $3.11) hat soeben die Führung KRY (+ 2.27% bei $0.900) im US-Handel übernommen.

Go Gold Go!

[peter.wedemeier1]

RIC (+ 2.64% bei $3.11) hat soeben im US-Handel die Führung von KRY (+ 2.27% bei $0.900). Beide führen nun vor VGZ (+ 1.56% bei $3.25).

Go Gold Go!

[peter.wedemeier1]

RIC (+ 3.63% bei $3.14) hat soeben im US-Handel die Führung wieder von KRY (+ 3.41% bei $0.910) zurück erobert.

Go Gold Go!

[peter.wedemeier1]

RIC (+ 2.31% bei $3.10) hat soeben die Führung von KRY
(+ 2.27% bei $0.900) im US-Handel zurück erobert. Beide führen nun vor BGO (+ 1.98% bei $1.03).

Go Gold Go!

[peter.wedemeier1]

RIC (+ 2.31% bei $3.10) hat soeben in der heutigen Sitzung im US-Handel wieder die Führung von KRY (+ 2.27% bei $0.900) zurück erobert. Beide führen nun vor KGC (+ 1.30% bei $5.45).

Go Gold Go!

[peter.wedemeier1]

RIC (+ 2.47% bei $3.32) hat soeben im US-Handel die Führung von KRY (+ 2.20% bei $0.930) übernommen. Beide führen nun vor PAL (+ 2.17% bei $2.35).

Go Gold und Palladium Go!

[peter.wedemeier1]

RIC (+ 3.43% bei $3.32) hat soeben im US-Handel die Führung von KRY übernommen. RIC führt nun vor VGZ (+ 2.82% bei $3.28) und KRY (+ 2.53% bei $0.810).

Go Gold Go!

[peter.wedemeier1]

RIC (+ 2.20% bei $3.25) hat soeben im US-Handel die Führung von RANGY (+ 1.97% bei $11.37) übernommen. Beide führen nun vor MDG (+ 1.81% bei $10.14).

Go Gold Go!

[peter.wedemeier1]

RIC (+ 2.89% bei $3.56) führt heute zu Handelsbeginn im US-Handel vor SWC
(+2.67% bei $3.85) und RGLD (+ 2.58% bei $20.30).

Go Gold, Platin und Palladium Go!

[peter.wedemeier1]

RIC befindet sich momentan auf einem sehr interessanten Einstiegsniveau unter $3,-! Ein sehr gutes Langfristinvestment meine ich!
$30 Millionen Cash oder $1,50 Cash pro Aktie.

[peter.wedemeier1]

RIC (+ 2.43% bei $2.95) hat soeben im US-Handel die Führung von BGO übernommen. RIC führt nun vor WHT (+ 1.67% bei $1.22) und GLG (+ 1.64% bei $11.13).

Go Gold go GATA go RIC!

[peter.wedemeier1]

RIC (+ 2.43% bei $2.95) hat soeben im US-Handel die Führung von GSS (+ 2.38% bei $2.58) zurück erobert. Beide führen nun vor PDG (+ 2.29% bei $12.05).

Go Gold go GATA go RIC!

[peter.wedemeier1]

RIC (+ 2.43% bei $2.95) hat soeben im US-Handel die Führung von BGO zurück erobert. RIC führt nun vor GSS (+ 2.38% bei $2.58) und PDG (+ 1.78% bei $11.99).

Go Gold go GATA go RIC!

[peter.wedemeier1]

RIC (+ 3.00% bei $3.09) hat soeben im US-Handel die Führung von MNG (+ 2.88% bei $1.43) übernommen. Beide führen nun vor CDE (+ 2.11% bei $1.45).

Go Gold go GATA go RIC!

[peter.wedemeier1]

Press Release Source: Richmont Mines Inc.


Richmont Mines Inc.: Announcement
Monday July 7, 1:52 pm ET


MONTREAL--(BUSINESS WIRE)--July 7, 2003--Richmont Mines Inc. (the "Company") announces today that The Toronto Stock Exchange has accepted the Company`s notice of intention to make a normal course issuer bid to purchase outstanding common shares through the facilities of The Toronto Stock Exchange. Up to 795,000 common shares of the Company, representing approximately 5% of the 15,951,000 common shares of the Company issued and outstanding on July 3rd, 2003, may be purchased under the bid. The purchases may commence on July 9, 2003 and will extend to July 8, 2004.
In the opinion of management of the Company, this normal course issued bid is justified by the fact that the common shares might be undervalued on the market from time to time in regards to the Company`s financial position and future prospects and that the purchase thereof by the Company is an appropriate use of the funds of the Company. The Company has not purchased any common share within the past 12 months.

All the shares acquired under the bid will be purchased through the facilities of The Toronto Stock Exchange in accordance with its requirements. All such acquired shares will automatically be cancelled. Consideration for shares purchased will be the market price for such shares at the time of the acquisition.

To the knowledge of the Company, none of the directors, officers or other insiders intends to sell shares during the term of the issuer bid; however, should an insider decide to sell shares during the term of the issuer bid, in no circumstances whatsoever will the benefits received by such insider differ from those received by any other shareholder.

The Company expects to produce approximately 100,000 ounces of gold in 2003 and has no gold hedging contracts. The Company has no long-tem debt and, as at March 31, 2002, had working capital of $31.5 million.

Disclosure regarding forward-looking statements

This news release contains forward-looking statements that include risks and uncertainties. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-US exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenues and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.`s periodic reports.



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Contact:
Richmont Mines Inc.
Martin Rivard or Louis Dionne, 819/797-2465
Fax: [phone]

[Sozzi]

@p.w.,

anstatt dir die Mühe zu machen, so viele einzelne Goldwerte zu bewerben nimm doch einfach Dundee Precious Metals (WKN 872063)...

Hier das aktuelle Beteiligungsportfolio von DPM:

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Buenaventura

[peter.wedemeier1]

RIC (+ 5.36% bei $3.54) führt im US-Handel vor AAUK (+ 4.34% bei $17.30) und SSRI (+ 2.83% bei $6.58).

Go Gold go GATA go RIC!

[peter.wedemeier1]

RIC (+ 4.76% bei $3.52) hat soeben im US-Handel die Führung von AAUK (+ 4.16% bei $17.27) zurück erobert. Beide führen nun vor VGZ (+ 4.00% bei $3.64).

Go Gold go GATA go RIC!

[peter.wedemeier1]

RIC (+ 4.76% bei $3.52) hat soeben im US-Handel die Führung von SSRI zurück erobert. RIC führt nun vor AAUK (+ 4.04% bei $17.25) und VGZ (+ 4.00% bei $3.64).

Go Gold go GATA go RIC!

[PidderLyng]

Geht´s noch höher oder bleibt alles wie es ist ?

[peter.wedemeier1]

Wesentlich höher!

[orkadian]

Grosses Interesse für Richmont kann man dem Goldboard nicht nachsagen !?

[peter.wedemeier1]

!

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