Richmont Mines Inc. (Richmont) is principally engaged in activities related to the acquisition, exploration, development and operation of mineral properties. The Company operates around three gold mines (the Beaufor and Monique mines in Quebec and the Island Gold Mine in Ontario) and is also engaged in the development of the extension of its Island Gold Mine operations. The Company's Beaufor Mine property and the W Zone Mine, along with other adjacent properties, such as Pascalis, Perron, Colombiere, Courvan and Perron Blocks 2 and 3, are located approximately 20 kilometers northeast of the town of Val-d'Or in the Abitibi-East county, in the Province of Quebec. The Company's Monique Mine is located 25 kilometers east of Val-d'Or, in the province of Quebec. Richmont's Island Gold Mine is located approximately 83 kilometers northeast of Wawa, Ontario in the Sault Ste. Marie Mining Division.