Richmont expects $13.5M writedown at W Zone mine in Val-d'Or

Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower gold price of US$1,225 per oz. versus US$1,450...

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