TORONTO, ONTARIO — (Marketwire) — 08/16/11 — Byron Capital Markets Ltd. is pleased to announce that mining analyst Brian Szeto has initiated coverage today on Richmont Mines Inc. (TSX: RIC) with a Buy rating and a target price of C$10.50.
In this 28-page research report, Brian gives a comprehensive overview of the company, with specific focus on the exploration and development of its 100% owned Wasamac gold project located in Quebec, as well as the company-s growth plans over the next few years.
This report further exemplifies Byron Capital Markets- continuing commitment to research and, in particular, its ongoing efforts in the metals and mining sector.
Contacts:
Byron Capital Markets
Robert Orviss
647-426-1668