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 gold and indicated resources total 475,625 tonnes with a grade of 11.20 g/t [...]
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. During this quarter, Abcourt received $725,000 in salary subsidy from the [...]
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 was able to do that with the Elder mine cash flow. The Company is very [...]
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 first thing to do was to refill the mill circuit. In the 4th quarter, we sold [...]
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 Covid-19 cases were reported by our employees. After their return to work, the [...]
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 standards of the Chartered Professional Accountants of Canada. Highlights [...]
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 recommendations of prevention measures concerning the exploitation of [...]
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 Professional Accountants of Canada. Highlights : - Second quarter revenues of $6.9 [...]
Abcourt Mines Inc. is pleased to announce the results of its Annual and General meeting of shareholders held on December 4, 2019. The shareholders approved the appointment of Raymond Chabot Grant Thornton., Professional Chartered Accountants, as auditors of the Corporation and also approved, in percentages varying from 97% to 99% of the voted shares, the election of the following directors: Renaud Hinse, Daniel Adam [...]
Abcourt Mines Inc. reports its results today for the first quarter ended September 30, 2019. All amounts are in Canadian dollars unless otherwise indicated. Highlights: - First quarter revenues of $ 7.2 M from the sale of 3,624 ounces of gold. An increase of 42 % over the first quarter ended September 30, 2018. One of the best quarters so far. - The average realized price of gold sold was $1,978 per ounce. - Net loss in [...]
Rouyn-Noranda, Quebec, Canada - TheNewswire - November 25th, 2019 - Abcourt Mines Inc. is pleased to announce the discovery of a new high-grade vein in the extension of the west drift on level 9 at the Elder mine. This vein, named 9-1-5, is currently being developed. It has given so far 13.24 g/t of gold over a true width of 1.1 meter for a distance of 39 meters. Operating results for the first quarter, ended on September [...]
Rouyn-Noranda, Quebec, Canada, October 30, 2019 - TheNewswire - Abcourt Mines Inc. reports his results today for the fourth quarter and fiscal year ended on June 30, 2019. All amounts are in Canadian dollars unless otherwise indicated. Highlights : -Fourth quarter revenues of $ 7.3 M from the sale of 4,137 ounces of gold. Best tonnage mined at Elder mine with an average of 11 813 tonnes per month. -Net loss in the fourth [...]
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