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 purchase one common share until three-years from the closing dated of the [...]
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 over 30 years of experience in mining, project management, and exploration. He [...]
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 in 2021 compared to a net profit of $454,583 at December 31, 2020 explained [...]
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 Corporation. It is expected that the new CEO will be appointed during the first [...]
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 proposed in the management proxy circular: Daniel Adam, René Branchaud [...]
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 ended on September 30, 2020, hence a drop of 15% justified by a lower price [...]
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, compared to $ 24.0 M in 2020, an increase of 15 %. - Net profit of $ 2.4M in [...]
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, compared to $ 24.0 M in 2020, an increase of 15 %. - Net profit of $ 2.4M in [...]
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. With the objective of providing lodging, the corporation has 3 mobile homes [...]
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 than in the previous year at $ 24.0 M. The sales for the 12-month period [...]
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 revenue was due to the failure of the hoist motor at Elder on December 22, 2020 [...]
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 financing received on February 25 last , this means that we are planning [...]
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