Abcourt MiPRnes Inc. , declares results for the third quarter ended on March 31, 2022, compared to the third quarter ended on March 31, 2021. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS : Revenues of $4,175,745 for the quarter ended March 31, 2022comparedto $4,813,520in 2021,a 14% decrease,explain by fewer ounces of [...]
Abcourt Mines Inc. releases its objectives for the coming year. The Corporation immediately increases its efforts in geology and engineering at the Sleeping Giant Mine to develop a budget plan that will allow the production restart of the mine. In 12 weeks, the Corporation will cease its extraction activities at the Elder Mine in order to allow [...]
Abcourt Mines announces it has granted options to purchase 2,000,000 common shares of the Corporation at an exercise price of $0.10 per share to its new Chief Executive Officer. The appointment of Mr. Pascal Hamelin as President and CEO of Abcourt was announced by press release on March 24, 2022. These options are valid for a five-year period and [...]
Abcourt Mines Inc. intends to complete a non-brokered private placement of a maximum of $1,500,000 in units, at a price of $0.10 per unit. The offering is comprised of a maximum of 15,000,000 units, each unit being composed of one class B share of the Corporation and of one common share purchase warrant, one warrant and $0.15 being required to [...]
Abcourt Mines Inc. is pleased to announce the appointment of Pascal Hamelin as the new Chief Executive Officer of the Corporation, to succeed to Renaud Hinse, who had previously announced his retirement. The appointment will be effective on April 4, 2022. Mr. Hamelin holds a mining engineering degree from École Polytechnique de Montréal. He has [...]
Abcourt Mines Inc. declares results for the second quarter ended on December 31, 2021, compared to the second quarter ended on Dec 31, 2020. HIGHLIGHTS: Revenues of $6,244,370 for the quarter ended December 31, 2021, compared to $8,360,494 in 2020, a 25% decrease, justified by lower gold prices and fewer ounces of gold sold. A net loss of $703,322 [...]
Abcourt Mines is pleased to announce it has initiated the process to identify and appoint a new Chief Executive Officer to succeed to Renaud Hinse, who has previously announced his retirement, which will take effect at the end of March 2022. Mr. Hinse will continue to serve as CEO in the interim and will remain on the Board of directors of the [...]
Abcourt Mines Inc. reports a corporate update following its shareholders meeting held on December 16, 2021. Shareholders have approved the two resolutions on the agenda of the Meeting, being the appointment of the chartered professional accountants firm Raymond Chabot Grant Thornton, as auditors of the Corporation, and the election of the directors [...]
Abcourt Mines Inc. , , and , declares good results for the 1st quarter ended on September 30, 2021, compared to the 1st quarter ended on September 30, 2020. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS: Revenues of $ 6,659,898 for the first quarter ended on September 30, 2021 compared to $ 7,810,494 in the quarter [...]
Abcourt Mines Inc. , , and , Abcourt declares excellent results for the 12-month period ended on June 30, 2021, with $3,4 M in gross profits and $ 2,4 M in net profits despite 5 weeks of interruption to repair the hoist motor at Elder. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS: - Revenues of $ 27.6 M in 2021 [...]
Abcourt Mines Inc. , , and , Abcourt declares excellent results for the 12-month period ended on June 30, 2021, with $3,4 M in gross profits and $ 2,4 M in net profits despite 5 weeks of interruption to repair the hoist motor at Elder. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS: - Revenues of $ 27.6 M in 2021 [...]
Abcourt Mines Inc. reports on the progress of work done at the Sleeping Giant Mine. The rehabilitation and development work at the Sleeping Giant Mine continue but at a slower pace than expected due to a shortage of man power. A recurrent request from potential candidates is about lodging. To satisfy this need, various measures were put in place [...]
