Byron Capital Markets

Byron Capital Markets

August 16, 2011 11:47 ET

Byron Capital Markets Initiates Richmont Mines Inc. at "Buy" With C$10.50 Target

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2011) - 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.

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