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 [...]
Abcourt Mines Inc. reports sales of gold of $ 6.8 M for the 4th quarter ended on June 30, 2021. These sales are 42% higher than those of the previous quarter at $ 4.8 M and 17% higher than those of the same quarter of the previous year at $ 5.8 M. For the 12-month period ended on June 30, 2021, the sales of gold totaled $ 27.8 M, that is 16% more [...]
Abcourt Mines Inc. reports excellent results for the third quarter and the nine-month period ended on march 31, 2021. All amounts are in Canadian dollars unless indicated differently. Highlights: The company reports a revenue of $ 4,8 M for the third quarter. This is 15 % lower than the $ 5,6 M reported for the same period in 2020. The lower [...]
Abcourt Mines Inc. is pleased to announce that the unionized employees at the Sleeping Giant division of Abcout Mines inc have approved a renewal of the collective agreement by 80 %. This renewal of the collective agreement clarifies some articles, grant competitive wages and various advantages for the next five years. Combined with a 6,5 M $ bank [...]
Abcourt Mines Inc. is pleased to announce the results of its Annual and General meeting of shareholders held on March 18, 2021. The shareholders approved the appointment of Raymond Chabot Grant Thornton., Professional Chartered Accountants, as auditors of the Corporation and the election of the following directors: Daniel Adam, René Branchaud [...]
Abcourt Mines Inc. is pleased to announce that the gold grade, in February, at the mill was higher than it was in the previous quarter. The grade of the ore extracted at the Elder mine was higher and an adjustment of the gold inventory in the mill circuit was made. These two factors contributed to the embellishment. In February, the mill treated [...]
Abcourt Mines Inc. announced on February 5 last that a financing proposal had been received from the Royal Bank of Canada to accelerate the development of the Sleeping Giant mine. All the closing conditions have been satisfied and a first tranche of one million dollars was deposited in our account on February. 25, 2021. This financing includes a [...]
Abcourt Mines Inc. reports its results today for the second quarter ended December 31, 2020. All amounts are in Canadian dollars unless otherwise indicated. Highlights: Revenues of $8,360,700 for the second quarter ended December 31, 2020, the best to date. $ 7,5M cost of sales compared to $ 6,6M for the same quarter in the previous year. Net [...]
Abcourt Mines Inc. is pleased to announce it has accepted a financing proposal from the Royal Bank of Canada for a total amount of $6,500,000. This financing will be used to accelerate the development of the Sleeping Giant Mine. It is composed of a term loan of $5 million, repayable over a period of 5 years, at an annual interest rate of 2.99% for [...]
Abcourt Mines Inc. is pleased to announce that all warrants issued in the private placement of 2018 have been exercised. Some were exercised earlier, in October 2020, others were exercised lately. In December 2020, 845,000 warrants were exercised and 845,000 common shares were issued for an amount of $ 84,500 received by the Corporation. In global [...]
Abcourt Mines Inc. reports its results today for the first quarter of the financial year 2021. All amounts are in Canadian dollars unless otherwise indicated. Highlights: Revenues of $7,810,494 for the first quarter ended September 30, 2020, the best to date; Net profit of $1,055,638 for T1-2021 versus a net loss of $61,668 for T1-2020; - Adjusted [...]
Abcourt Mines Inc. reports its results today for the first quarter ended September 30, 2020. All amounts are in Canadian dollars unless otherwise indicated. Highlights: Revenues of $7,810,494 for the first quarter ended September 30, 2020, the best to date. Adjusted net profit of $1,787,909 compared to $ 890,187 in Q-1, 2020 - Costs of sales [...]
