03:36 PM EST - Richmont Mines Inc. : released 2010 gold sales figures, to provide guidance for gold production levels in 2011, and to update its reserve and resource calculations as of December 31, 2010. Highlights: 2010 gold sales of 68,123 ounces, up 14% year-over-year and 5% above forecasted 65,000 ounces; Q4/2010 gold sales of 18,591 ounces, a 43% increase over Q4/2009 gold sales of 13,029 ounces; 2011 gold production forecast of 80,000 - 85,000 ounces; Total Proven and Probable reserves of 366,944 gold ounces at December 31, 2010 versus 445,471 gold ounces at December 31, 2009. Richmont Mines Inc.
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