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Richmont Mines Inc.

11:53 AM EST - Richmont Mines Inc. : reports its third-quarter net earnings were $183,000 or $0.01 per share versus a loss of $894,000 or $0.04 per share in the last year. Revenues for the third quarter increased 16% to $19.14 million from $16.49 million in the comparable period. Results reflect a 15% improvement in precious metal revenue, buoyed by a slight increase in the number of ounces of gold sold and a higher average selling price, and a 24% increase in other revenue, driven primarily by an increase in custom milling revenues, the company stated. Richmont Mines Inc. shares T.RIC are trading up $0.03 at $3.05.