Richmont Mines, Inc. (AMEX:RIC) Trades Down Monday

Shares of Richmont Mines, Inc. (AMEX:RIC) closed down Monday, as gold prices fell slightly on the trading day.

Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.

Silver prices ended the day down 88 cents to close at $34.13 an ounce.

The U.S. dollar index fell 0.43 percent to $75.38.

The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.

Richmont Mines Inc. participates in the acquisition, exploration, development, and operation of mineral properties in Canada.

Richmont Mines, Inc. (RIC) closed at $7.75, falling $0.13, or 1.65 percent.