Richmont Mines Inc. (T.RIC) hit a new 52-week high of $5.94 Tuesday. Richmont announced updated Mineral Reserves and Resources as of December 31, 2015, including a 206% increase in Mineral Reserves at the cornerstone Island Gold Mine to 561,700 gold ounces (net of depletion) at a Mineral Reserve grade of 8.26 g/t.
