Feb 2 (Reuters) - Richmont Mines Inc RIC.TO -
* 2017 guidance includes a projected increase of up to 15% in company-wide production to between 110,000 and 120,000 gold ounces
* Richmont announces 2017 guidance with Island Gold Mine positioned for another record year
* "Increase in production is expected to drive a decrease of up to 8% in cash costs both company-wide and at island gold mine"
* Sees 2017 cash costs per ounce $835 - $885
* "We are also considering strategic alternatives for Beaufor mine and other QUEBEC assets" Source text for Eikon: ID:nPn29QRKva Further company coverage: RIC.TO