Abcourt Mines Inc. reports its results today for the fourth quarter and financial year ended on June 30, 2020. All amounts are in Canadian dollars unless otherwise indicated. Highlights: - Revenues of $24 057 233 for fiscal 2020. - Gross profit of $ 1 940 767. Net profit of $358,856 - Adjusted net profit of $4,259,151 - Costs of sales reduced by [...]
Abcourt Mines Inc. reports its results today for the fourth quarter and fiscal year ended on June 30, 2020. All amounts are in Canadian dollars unless otherwise indicated. Highlights: Revenues of $ 24,0 M for fiscal 2020. Net profit of $ 1,008,856 - Adjusted net profit of $ 4,259,151 - Cash costs reduced by $ 3,1M or 12.4% - Gold inventory of [...]
Abcourt Mines Inc. is pleased to announce that it has received explosive permits for the Sleeping Giant mine. We have received permits for two underground explosive magasines. We will also make sure that all our employees working underground who receive, manipulate and use explosives will have an individual explosive permit. A three-day mine rescue [...]
Abcourt Mines Inc. is pleased to announce that almost all holders of warrants issued in the private placement of 2019 have exercised their share purchase warrants. The Corporation has issued 1,335,960 common shares at a price of $0.13 per share and 1,744,000 common shares at a price of $0.16 per share, for a total subscription amount of $448,815 [...]
Abcourt Mines Inc. reports a mistake in the indication of the classification of the resources of the Sleeping Giant mine in its press releases issued since August 2019, under the section "ABOUT ABCOURT MINES INC." The last sentence of this section should read as follows: "Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of [...]
Abcourt Mines Inc. is happy to announce that the restart of mining activities after the mandatory closing due to Covid-19 was vigorous. Thanks to the increase in the price of gold, the proceeds received from the sale of gold and silver for the first quarter, should reach $7.5M CDN. This is expected to be one of the best quarters since June 2018 [...]
Abcourt Mines Inc. is pleased to announce that the preparation work for the opening of the Sleeping Giant mine is progressing as planned and that the objective of producing some ore at the Sleeping Giant mine, at the end of September or the beginning of October is attainable. To date, more than $5M has been invested in this project and the Company [...]
Abcourt Mines Inc. is pleased to announce good results for the 4th quarter and the 12-month period ended on June 30, 2020. As indicated previously, the Elder mine was closed for almost one month due to Covid-19. During the closing, some of the gold contained in the mill circuit was used to pay for mine expenses. When the mine was re-opened, the [...]
Abcourt Mines Inc. is pleased to announce that after a temporary closure of almost one month due to Covid-19, mining operations at the Elder mine were re-started successfully. The necessary sanitary measures and distancing were respected, as requested by Quebec Health. When distancing is not possible, for example in the cage, masks are used. No [...]
Abcourt Mines Inc. despite Covid-19, is pleased to report a small net loss of $97,604, for the third quarter ended on March 31, 2020. All amounts are in Canadian dollars unless otherwise indicated. These amounts and production results for the March 31 period have not been audited and have not been reviewed by our auditors in accordance with the [...]
Canada, April 16th, 2020 Abcourt Mines Inc. is pleased to announce the re-start of mining activities at the Elder mine following the addition of mines by the Quebec government to the priority list of services. The Sleeping Giant mill will be re-opened early next week. We have prepared a management plan for sanitary measures according to the interim [...]
Abcourt Mines Inc. , and reports its results today for the second quarter ended December 31, 2019. All amounts are in Canadian dollars unless otherwise indicated. These amounts and production results for the December 31 period have not been audited and have not been reviewed by our auditors in accordance with the standards of the Chartered [...]
