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I am more than ready to see Abcourt excell.
Abcourt Grants Stock Options to its New President and CEO
V.ABI |
(TheNewswire)
Abcourt Mines Inc.
Rouyn-Noranda, Québec, Canada – TheNewswire - April 5, 2022
Abcourt Mines Inc. (« Abcourt» or the «Corporation») (TSXV:ABI) 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 were granted pursuant to the Corporation’s stock option plan.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration corporation with
strategically located properties in northwestern Quebec, Canada.
The Elder property has gold resources (2018). Abcourt is currently focusing on the
extraction of gold at the Elder mine and on the development of the Sleeping Giant.
To know more about Abcourt Mines Inc., please visit our web site at
http://www.abcourt.com
and consult our filings under Abcourt's profile on www.sedar.com.
Pascal Hamelin,
President and CEO
T : (819) 768-2857
phamelin@abcourt.com
https://abcourt.ca/en/news/
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 post 456
Dany.Cenac-Robert@ReseauProMarket.com
The TSX Venture Exchange and its regulatory service provider (as defined in the
policies of the TSX Venture Exchange) assumes no responsibility for the
adequacy or accuracy of this press release.
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless
AMEN
All the best to us.
$Lowjack Welcome to 'Abcourt Mines Inc. (ABMBF) Silver Is About To
Play Catch Up To Gold And Make Up For Lost Time
March 26, 2022
https://kingworldnews.com/silver-is-about-to-play-catch-up-to-gold-and-make-up-for-lost-time/
Presentation Barvue Mine
I feel that we are entering a
period of extreme opportunity for well managed gold miners. )
$Abcourt Mines GAAP EPS of $0.70, revenue of $6.24M
Feb. 17, 2022 7:24 AM ETAbcourt Mines Inc. (ABMBF)By:
Pranav Ghumatkar, SA News Editor
Work Done at the Sleeping Giant Mine
V.ABI
http://abcourt.com/
Abcourt Mines press release (OTCPK:ABMBF):
Revenue of C$6.24M (-25.4% Y/Y).
Rouyn-Noranda, Québec, Canada –TheNewswire -February 16, 2022 -Abcourt Mines Inc. (ABMBF) (TSXV:ABI),(OTC:ABMBF), (Berlin:AML-BE)and(Frankfurt Stock Exchanges:AML-FF) ("Abcourt" or the "Corporation"), declares results for the second quarter ended on December 31, 2021, compared to the second quarter ended on December 31, 2020. All amounts are in Canadian dollars unless indicated differently.
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 in part by a decrease in the number of ounces of gold sold and an increase in production costs due to absences related to Covid-19.
Adjusted loss of $108,774 in 2021 compared to adjusted net income of $1,381,572 in 2020.
Cost of sales of $6,648,137 in 2021, down 13% from $7,513,877 in 2020.
Cash of $1,031,955 as at December 31, 2021 compared to $2,454,545 as at June 30, 2021.
Gold inventory of $l,960,197 in 2021, compared to $994,624 at December 31, 2020, an increase of 97%.
Cash cost in Q2 of $2,197 (US $1,752), compared to $1,961 (US $l,518) and all-in sustaining cots of $2,693 (US $2,147) compared to $2,221 (US $1,719) per ounce sold in 2020.
Ounces produced in 2021 were 2,103 compared to 2,730 in 2020. Ounces sold in 2021 were 2,765 compared to 3,431 in 2020, a 23% decrease in ounces produced and a 20% decrease in ounces sold.
Sales of 400 ounces of gold from development work at Sleeping Giant Mine for a total of $903,856 in the 2nd quarter ended December 31, 2021. No sale in the 2nd quarter of 2020.
RECENT DEVELOPMENTS:
Advancement of drifts on levels 11, 12 and 16 and preparation of level 13 at the Elder mine to have access to existing resources, or to discover new resources.
Rehabilitation of old drifts and advancement of new drifts on the upper levels of the Sleeping Giant mine to have access to existing ore reserves and new zones indicated by previous and current drill holes.
NEW PROJETS TO COME:
Update of NI 43-101 resources calculations of Discovery, Flordin and Cameron Shear (50%)
Surface drilling program at the Sleeping Giant Mine.
Re-activate the Abcourt-Barvue silver-zinc project.
Construction of a trail to access the Tagami project.
NON-GAAP FINANCIAL PERFORMANCE MEASURES:
This press release presents certain financial performance measures, total cash costs per ounce of gold produced, sustaining costs and all-in sustaining cost per ounce of gold produced which are non-International Financial Reporting Standards (IFRS) performances measures. This data may not be comparable to data presented by other gold producers. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.
The adjusted net profit is a measure of performance that members of the direction use to evaluate the performance of activities by the Corporation. Without taking into account the accounting policies, taxation laws and the structure of capital as these elements may potentially give a wrong representation of the capacity of the Corporation to generate cash with its operation. The adjusted net profit excludes interest expenses, taxes and amortization.
The cash costs and all-in sustaining cost are common performance measures in the gold mining industry. The Corporation reports cash cost per ounce based on ounces produced. Cash cost include operating mining costs and royalties but is exclusive of amortization and depletion and sustaining capital expenditures. The all-in sustaining costs include costs of sales and sustaining capital expenditures and administrative costs but exclude amortization, depletion and accretion expenses. The Corporation believes that all-in sustaining costs present a complete picture of the Corporation’s operating performance or its ability to generate free cash flows from its operation.
Calculations of cash cost and sustaining costs:
https://seekingalpha.com/pr/18674802-abcourt-fared-well-only-adjusted-loss-of-108774-and-net-loss-of-703322-in-second-quarter
ANOTHER GOOD QUARTER AT THE ELDER MINE WITH A NET
PROFIT OF 592 932 $
Rouyn-Noranda, Québec, Canada,
November 29, 2021
https://abcourt.com/wp-content/uploads/2021/11/PR29-11-2021.pdf
http://www.abcourt.com
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
bigone' on 'Abcourt Mines Inc. (ABMBF) I feel that we are entering a
period of extreme opportunity for well managed gold miners. )
$Abcourt Mines GAAP EPS of $0.70, revenue of $6.24M
Feb. 17, 2022 7:24 AM ETAbcourt Mines Inc. (ABMBF)By:
Pranav Ghumatkar, SA News Editor
Work Done at the Sleeping Giant Mine
V.ABI
http://abcourt.com/
Abcourt Mines press release (OTCPK:ABMBF):
Revenue of C$6.24M (-25.4% Y/Y).
Rouyn-Noranda, Québec, Canada –TheNewswire -February 16, 2022 -Abcourt Mines Inc. (ABMBF) (TSXV:ABI),(OTC:ABMBF), (Berlin:AML-BE)and(Frankfurt Stock Exchanges:AML-FF) ("Abcourt" or the "Corporation"), declares results for the second quarter ended on December 31, 2021, compared to the second quarter ended on December 31, 2020. All amounts are in Canadian dollars unless indicated differently.
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 in part by a decrease in the number of ounces of gold sold and an increase in production costs due to absences related to Covid-19.
Adjusted loss of $108,774 in 2021 compared to adjusted net income of $1,381,572 in 2020.
Cost of sales of $6,648,137 in 2021, down 13% from $7,513,877 in 2020.
Cash of $1,031,955 as at December 31, 2021 compared to $2,454,545 as at June 30, 2021.
Gold inventory of $l,960,197 in 2021, compared to $994,624 at December 31, 2020, an increase of 97%.
Cash cost in Q2 of $2,197 (US $1,752), compared to $1,961 (US $l,518) and all-in sustaining cots of $2,693 (US $2,147) compared to $2,221 (US $1,719) per ounce sold in 2020.
Ounces produced in 2021 were 2,103 compared to 2,730 in 2020. Ounces sold in 2021 were 2,765 compared to 3,431 in 2020, a 23% decrease in ounces produced and a 20% decrease in ounces sold.
Sales of 400 ounces of gold from development work at Sleeping Giant Mine for a total of $903,856 in the 2nd quarter ended December 31, 2021. No sale in the 2nd quarter of 2020.
RECENT DEVELOPMENTS:
Advancement of drifts on levels 11, 12 and 16 and preparation of level 13 at the Elder mine to have access to existing resources, or to discover new resources.
Rehabilitation of old drifts and advancement of new drifts on the upper levels of the Sleeping Giant mine to have access to existing ore reserves and new zones indicated by previous and current drill holes.
NEW PROJETS TO COME:
Update of NI 43-101 resources calculations of Discovery, Flordin and Cameron Shear (50%)
Surface drilling program at the Sleeping Giant Mine.
Re-activate the Abcourt-Barvue silver-zinc project.
Construction of a trail to access the Tagami project.
NON-GAAP FINANCIAL PERFORMANCE MEASURES:
This press release presents certain financial performance measures, total cash costs per ounce of gold produced, sustaining costs and all-in sustaining cost per ounce of gold produced which are non-International Financial Reporting Standards (IFRS) performances measures. This data may not be comparable to data presented by other gold producers. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.
The adjusted net profit is a measure of performance that members of the direction use to evaluate the performance of activities by the Corporation. Without taking into account the accounting policies, taxation laws and the structure of capital as these elements may potentially give a wrong representation of the capacity of the Corporation to generate cash with its operation. The adjusted net profit excludes interest expenses, taxes and amortization.
The cash costs and all-in sustaining cost are common performance measures in the gold mining industry. The Corporation reports cash cost per ounce based on ounces produced. Cash cost include operating mining costs and royalties but is exclusive of amortization and depletion and sustaining capital expenditures. The all-in sustaining costs include costs of sales and sustaining capital expenditures and administrative costs but exclude amortization, depletion and accretion expenses. The Corporation believes that all-in sustaining costs present a complete picture of the Corporation’s operating performance or its ability to generate free cash flows from its operation.
Calculations of cash cost and sustaining costs:
https://seekingalpha.com/pr/18674802-abcourt-fared-well-only-adjusted-loss-of-108774-and-net-loss-of-703322-in-second-quarter
ANOTHER GOOD QUARTER AT THE ELDER MINE WITH A NET
PROFIT OF 592 932 $
Rouyn-Noranda, Québec, Canada,
November 29, 2021
https://abcourt.com/wp-content/uploads/2021/11/PR29-11-2021.pdf
http://www.abcourt.com
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
$Abcourt Mines GAAP EPS of $0.70, revenue of $6.24M
Feb. 17, 2022 7:24 AM ETAbcourt Mines Inc. (ABMBF)By:
Pranav Ghumatkar, SA News Editor
Work Done at the Sleeping Giant Mine
V.ABI
http://abcourt.com/
Abcourt Mines press release (OTCPK:ABMBF):
Revenue of C$6.24M (-25.4% Y/Y).
Rouyn-Noranda, Québec, Canada –TheNewswire -February 16, 2022 -Abcourt Mines Inc. (ABMBF) (TSXV:ABI),(OTC:ABMBF), (Berlin:AML-BE)and(Frankfurt Stock Exchanges:AML-FF) ("Abcourt" or the "Corporation"), declares results for the second quarter ended on December 31, 2021, compared to the second quarter ended on December 31, 2020. All amounts are in Canadian dollars unless indicated differently.
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 in part by a decrease in the number of ounces of gold sold and an increase in production costs due to absences related to Covid-19.
Adjusted loss of $108,774 in 2021 compared to adjusted net income of $1,381,572 in 2020.
Cost of sales of $6,648,137 in 2021, down 13% from $7,513,877 in 2020.
Cash of $1,031,955 as at December 31, 2021 compared to $2,454,545 as at June 30, 2021.
Gold inventory of $l,960,197 in 2021, compared to $994,624 at December 31, 2020, an increase of 97%.
Cash cost in Q2 of $2,197 (US $1,752), compared to $1,961 (US $l,518) and all-in sustaining cots of $2,693 (US $2,147) compared to $2,221 (US $1,719) per ounce sold in 2020.
Ounces produced in 2021 were 2,103 compared to 2,730 in 2020. Ounces sold in 2021 were 2,765 compared to 3,431 in 2020, a 23% decrease in ounces produced and a 20% decrease in ounces sold.
Sales of 400 ounces of gold from development work at Sleeping Giant Mine for a total of $903,856 in the 2nd quarter ended December 31, 2021. No sale in the 2nd quarter of 2020.
RECENT DEVELOPMENTS:
Advancement of drifts on levels 11, 12 and 16 and preparation of level 13 at the Elder mine to have access to existing resources, or to discover new resources.
Rehabilitation of old drifts and advancement of new drifts on the upper levels of the Sleeping Giant mine to have access to existing ore reserves and new zones indicated by previous and current drill holes.
NEW PROJETS TO COME:
Update of NI 43-101 resources calculations of Discovery, Flordin and Cameron Shear (50%)
Surface drilling program at the Sleeping Giant Mine.
Re-activate the Abcourt-Barvue silver-zinc project.
Construction of a trail to access the Tagami project.
NON-GAAP FINANCIAL PERFORMANCE MEASURES:
This press release presents certain financial performance measures, total cash costs per ounce of gold produced, sustaining costs and all-in sustaining cost per ounce of gold produced which are non-International Financial Reporting Standards (IFRS) performances measures. This data may not be comparable to data presented by other gold producers. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.
The adjusted net profit is a measure of performance that members of the direction use to evaluate the performance of activities by the Corporation. Without taking into account the accounting policies, taxation laws and the structure of capital as these elements may potentially give a wrong representation of the capacity of the Corporation to generate cash with its operation. The adjusted net profit excludes interest expenses, taxes and amortization.
The cash costs and all-in sustaining cost are common performance measures in the gold mining industry. The Corporation reports cash cost per ounce based on ounces produced. Cash cost include operating mining costs and royalties but is exclusive of amortization and depletion and sustaining capital expenditures. The all-in sustaining costs include costs of sales and sustaining capital expenditures and administrative costs but exclude amortization, depletion and accretion expenses. The Corporation believes that all-in sustaining costs present a complete picture of the Corporation’s operating performance or its ability to generate free cash flows from its operation.
Calculations of cash cost and sustaining costs:
https://seekingalpha.com/pr/18674802-abcourt-fared-well-only-adjusted-loss-of-108774-and-net-loss-of-703322-in-second-quarter
ANOTHER GOOD QUARTER AT THE ELDER MINE WITH A NET
PROFIT OF 592 932 $
Rouyn-Noranda, Québec, Canada,
November 29, 2021
https://abcourt.com/wp-content/uploads/2021/11/PR29-11-2021.pdf
http://www.abcourt.com
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
I feel that we are entering a period of extreme opportunity for well managed gold miners. I could be wrong?
Let's hope so! Hopefully they will ramp up production and maybe get some good results from the new projects. Market cap very low compared to their assets.
Glad to see this. May Abcourt have a great year.
RE:The new ceo Mr. Pascal Hamelin was also recently appointed to the
Board of Pershimex (V.Pro) Resources, the company with which
Abcourt has recently signed a notice of intent to toll mine a
considerable bulk tonnage (5000 tons @ 7.2 g/t) of high grade ore.
Perhaps, there will be more work done together between these two
companies in the future? This grade beats the Elder mine's recent
production (3.67 g/t) by about a factor of two.
https://stockhouse.com/news/press-releases/2022/03/23/abcourt-fared-well-with-only-an-adjusted-loss-of-108-774-and-a-net-loss-of-703
RE:The new ceo Mr. Pascal Hamelin was also recently appointed to the
Board of Pershimex (V.Pro) Resources, the company with which
Abcourt has recently signed a notice of intent to toll mine a
considerable bulk tonnage (5000 tons @ 7.2 g/t) of high grade ore.
Perhaps, there will be more work done together between these two
companies in the future? This grade beats the Elder mine's recent
production (3.67 g/t) by about a factor of two.
https://stockhouse.com/news/press-releases/2022/03/23/abcourt-fared-well-with-only-an-adjusted-loss-of-108-774-and-a-net-loss-of-703
"...Mr. Hamelin is currently President of Bonterra since June 2020. He will leave this position in January 2022 to focus on new challenges, including those of Pershimex.
Beginning in September 2010, Mr. Hamelin worked to return the Bachelor mine to production through project financing, assembling a full production team and conducting bulk sampling in 2012 at the Bachelor mine, and in 2020 at the Moroy project. In these stages, he oversaw the obtaining of the various required permits and socio-community agreements, including those with the Cree Nation...
...Robert Gagnon, president and CEO of the Company (Pershimex), says: "By joining the Pershimex team as an independent director, Mr. Hamelin will bring the necessary expertise to the company to be able to accelerate the development of properties currently at the advanced exploration stage, such as the Pershing-Manitou area on our Courville property..."
https://stockhouse.com/news/press-releases/2021/12/16/pershimex-announces-the-appointment-of-mr-pascal-hamelin-to-its-board-of
https://stockhouse.com/news/press-releases/2022/02/08/pershimex-announces-the-signing-of-a-letter-of-intent-for-the-custom-milling-of
Clearly one of Mr. Hamelin's other 'new challenges' will be to make Abcourt Mines a profitable mining operation. Could Abcourt's new CEO accomplish both of his challenges by bringing these two company's efforts together?
Pascal Hamelin has taken on a new role. But now he must make the shareholders of two separate companies happy as well. He has received stock options from both. So at least, he does have some additional incentive to strive to satisfy both.
Abcourt has been silent recently about its contribution as the potential mill operator who will toll mine the initial bulk sample from Persimex Resources.
With a present day market cap of $3.6 million, perhaps the cost of acquiring V.PRO could be too much of an opportunity for Abcourt to miss. Will it make an offer to purchase at some near future date?
At the present time, Persimex is still an exploration play with very much to prove. But now may be the best time for Abcourt to get in early?
Like Abcourt Mines, Persimex languishes with little investor interest. It still trades very cheap at 3.5 cents.
So this company may represent just too much risk for a small retail investor to take on. But for Abcourt Mines, this kind of challenge may be better for our kind of miner to like?
Abcourt just doesn't have the money. So it might have to borrow again.
It's easy to speculate.
But it's a different matter to actually predict the future, except for the fly on the wall!
All the best! by Javaman12
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Corrected: Abcourt Announces the Appointment of Pascal Hamelin as New CEO
V.ABI | 1 day ago
(TheNewswire)
Mephisto Berserk following mark # 16 to you )
Abcourt Mines Inc.
Rouyn-Noranda, Québec, Canada – TheNewswire - March 24, 2022 - Abcourt Mines inc. (« Abcourt» or the «Corporation») (TSXV:ABI) (OTC:ABMBF) is pleased to announce the appointment of Pascal Hamelin as the new Chief Executive Officer (CEO) 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 is a member of the Ordre des ingénieurs du Québec (Eng.) and the Professional Engineers of Ontario (P.Eng). He gained his experience mainly in the mining camps of Sudbury and Abitibi.
Mr. Hamelin has been employed at various functions and at various mining sites for Inco, from 1991 to 2007. Thereafter, he has occupied managing functions with Century Mining, Alexis Minerals between 2007 and 2010.
Over the years, Mr. Hamelin has successively held the positions of General Manager, VP Operations, and President of Metanor Resources and has been President and CEO of Bonterra from 2020 to January 2022.
Mr. François Mestrallet, Chairman of the Board stated, “I am confident that Pascal’s experience, vision and leadership, will enable Abcourt to continue its growth path and deliver superior stakeholder value.” Mr. Mestrallet continued, “I thank Renaud for his long tenure as CEO; he was the founder of the Corporation, which, under Renaud’s leadership, acquired the Elder and Sleeping Giant mines, which are the most significant assets of the Corporation. We are thankful for his dedication and are pleased that he will remain on the Board of Directors.”
Pascal Hamelin, incoming President, CEO of Abcourt stated: “I am excited to join Abcourt and working closely with the Board and all our employees to growth our corporation. My immediate focus will be on reviewing the Company’s strategy to better advance our projects while maximizing return for all stakeholders. Abcourt owns high-quality assets with high potential of resource expansion in the very prolific Abitibi region in Quebec.”
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration corporation with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the extraction of gold at the Elder mine and on the development of the Sleeping Giant.
For more information on Abcourt Mines inc., please consult our website www.abcourt.com and our profile on SEDAR www.sedar.com
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email:rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 post 456
Dany.Cenac-Robert@ReseauProMarket.com
The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assumes no responsibility for the adequacy or accuracy of this press release.
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Hey Bob any mew thoughts on Abcourt. See they have a new CEO.
This is getting much closer to a buy now. Will be looking to see how it settles in the next couple weeks.
I hope that things continue to improve.
Abcourt Fared Well with only an Adjusted Loss of $108,774 and a Net Loss
of $703,322 in the Second Quarter Ended on December 31, 2021
V.ABI | 1 day ago
https://stockhouse.com/news/press-releases/2022/02/16/abcourt-fared-well-with-only-an-adjusted-loss-of-108-774-and-a-net-loss-of-703
Parting can be such sweet sorrow. All the best for Abcourt.
Sorta hoping i can buy in at .06 or maybe even .05. gonna watch over there next week weeks. See how price action goes.
But yes i am very surprised their market cap is so low. Will have to atleast get a small position for now
ABMBF very undervalued and oversold but
wait to see who the new CEO is a good point.
Hmm, Abcourt has been on my radar. I dont own any but feel like with a bump in gold they could be a good option for a buyout.
What are your thoughts on this, wait to see who the new CEO is?
Abcourt Announces Search for New CEO
V.ABI | 4 hours ago
(TheNewswire)
Abcourt Mines Inc.
Rouyn-Noranda, Québec, Canada – TheNewswire - February 1, 2022 - Abcourt Mines inc. (« Abcourt» or the «Corporation») (TSXV:ABI) (OTC:ABMBF) is pleased to announce it has initiated the process to identify and appoint a new Chief Executive Officer (CEO) 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 quarter of 2022.
The job description for the CEO may be found at https://abcourt.com/wp-content/uploads/2022/01/Description.pdf
For additional information, nominations or confidential inquiries please contact:
Daniel Adam, chair of the recruitment committee: danielj.adam@outlook.com
Applications and nominations are currently being accepted until the position is filled.
The target date for applications is February 11, 2022.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant property.
To know more about Abcourt Mines Inc., please visit our web site at www.abcourt.com and consult our filings under Abcourt's profile on www.sedar.com.
Copyright (c) 2022 TheNewswire - All rights reserved.
Tags:
INDUSTRIAL METALS & MINERALS
1
Takeunder??? Let me know.
Thanks for sharing NYBob. I appreciate the years of hard work that Mr. Hinse has given. GO ABCOURT!
$Happy New Year - Abcourt Mines Inc. (ABMBF) Corporate Update
V.ABI
(TheNewswire)
https://abcourt.com/wp-content/uploads/2021/12/PR2021-12-22.pdf
Abcourt Mines Inc.
Rouyn-Noranda, Québec – TheNewswire - Canada, December 22, 2021. Abcourt Mines inc. (« Abcourt» or the « Corporation ») (TSX Venture: ABI) (TSXV:ABI.V) 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, Christian Dupont, Normand Hinse, Renaud Hinse, François Mestrallet and Nicole Veilleux.
Christian Dupont is a new director, replacing Jean-Guy Courtois, who has been a director of Abcourt for many years. Mr. Dupont, a mining engineer, has been active in the mining industry since the early 1970’s. Previously he held positions as senior mining engineer for Noranda and chief engineer for Exall Resources, as well as project manager for Luzenac Inc., a producer of micronized talc products. His past experience includes President and director of Kayorum Gold Mines from 1992 to 1997, director of Fieldex Exploration from 1997 to 1998, Vice President and director of Tom Exploration from 2000 to 2006 and President and CEO of Explor Resources Inc. from 2005 to 2019. He has been President, CEO and a director of Brunswick Resources Inc. from December 2013 to August 2021.
At the Board of directors’ meeting held after the shareholders meeting, the Board appointed Renaud Hinse as President and Chief Executive Officer of the Corporation, François Mestrallet as Chairman of the Board, Christine Lefebvre as Chief Financial Officer, Julie Godard as Corporate Secretary and Jasmine Hinse as Assistant to the corporate secretary.
At the Board meeting, Renaud Hinse announced his retirement as President and Chief Executive Officer of the Corporation, on March 31, 2022. Therefore, the Board has created a recruitment committee to find candidates to replace Mr. Hinse in his role of President and Chief Executive Officer. The Board will have the ultimate responsibility for appointing the new President and Chief Executive Officer of the Corporation as of March 31, 2022. The members of the recruitment committee are Nicole Veilleux, René Branchaud and Daniel Adam.
Renaud Hinse, CEO, has declared: “It’s time for me to retire as President and CEO of Abcourt, of which I am the founder. Over the course of several years, despite the pitfalls and sometimes unresponsive markets, I have managed to build a company that currently operates with 150 employees and has several excellent mining properties, including a gold mine currently in production (Elder) with annual sales of $25M to $30M. Additionally, another gold mine is in development (Sleeping Giant) and will double Abcourt’s turnover in the short time, and the Abcourt-Barvue project with zinc-silver reserves which is in the process of requesting certificates of authorization. I leave it to my successor to bring these projects to a successful conclusion and to do what is necessary for Abcourt Mines to become a large company according to the criteria of the Toronto Stock Exchange.”
Francois Mestrallet, President of the Board, has declared: “Renaud is the founder of Abcourtand he devoted all his time and energy to bring it to the stage of a mining company in production, despite many difficulties. We sincerely thank him for all his efforts.” Mr. Hinse will remain a director of Abcourt and he will continue to advise the Corporation for as long as necessary to ensure a smooth and efficient transition.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Quebec. The mill has a capacity of 700 to 750 tonnes per day. An evaluation of the mineral resources, according to NI 43-101 was prepared in 2019 by Mr. Valére Larouche, consulting engineer in geology. 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 of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services Inc. Probable reserves have been estimated at 339,221 tonnes with a grade of 7.9 g/t of gold.
A resource estimate for the Abcourt-Barvue property was prepared in 2014 according to NI 43-101 by Jean-Pierre Bérubé, engineer in geology. This estimate indicated of 8,083,000 tonnes of measured and indicated resources with a grade of 55.45 g/t of silver and 3.06 % of zinc. A feasibility study was done in 2007, according to NI 43-101 by Roche/Genivar, and an update was done in 2018. Proven and indicated resources total 8,074,162 tonnes with a grade of 51.79 g/t of silver and 2.83% zinc, including 6,589,361 tonnes with 81.6% mineable by open pit and 1,454,801 tonnes with 18.4% mineable underground. The feasibility study was done with the following prices, zinc at US $1.10/lb ($ CDN 1.38), silver at US $16.50/oz (CDN $ 20.63/oz) and a rate of exchange of US $1.00 = CDN $1.25.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
http://www.abcourt.com
and consult our filings under Abcourt's profile on www.sedar.com.
For more information, please contact:
Renaud Hinse, President and CEO
Dany Cenac Robert, Investor Relations
T : 819 768-2857 450 446-551 1
Reseau ProMarket Inc.,
F : 819 768-5475 450 446-3550
T: (514) 722-2276
Email: rhinse@abcourt.com
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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opinion appreciated
Abcourt Mines Inc (P (ABMBF)
0.0656 ? -0.0064 (-8.89%)
Volume: 500 @12/10/21 3:49:49 PM EST
Bid Ask Day's Range
0.0429 0.0968 0.0656 - 0.0656
ABMBF Detailed Quote
Maybe 2022 will be the year for Abcourt?
ANOTHER GOOD QUARTER AT THE ELDER MINE WITH A NET
PROFIT OF 592 932 $
Rouyn-Noranda, Québec, Canada,
November 29, 2021
https://abcourt.com/wp-content/uploads/2021/11/PR29-11-2021.pdf
Abcourt Mines Inc. (TSX-V: ABI, Berlin:
AML-BE and Frankfurt Stock Exchanges: AML-FF) ("Abcourt" or the "Corporation"), 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 for gold and by a
reduction in the member of ounces sold.
? A net profit of $ 592,932 in 2021, compared to $ 1,055,638 in 2020 explained in part by a reduction in the
number of ounces sold.
? Adjusted net profit of $ 1,257,087 in 2021, compared to $ 1,787,909 in 2020, hence a drop of 33 %.
? Cost of sales of $ 5, 793,520 in 2021, compared to $ 6,560,546 in 2020, hence a reduction of 19%.
? Cash of $ 1,428,798 on September 30, 2021, compared to $ 2,454,545 on June 30, 2021.
? Gold inventory of $ 2,695,785 in 2021, compared to $ 1,946,725 on September 30, 2020, for an increase of
$ 745 k.
? Cash cost of $ 1,766 (US $ 1,403) compared to $ 1,897 (US $ 1,426) per ounce and an all inclusive cost of
$ 2,095 (US $ 1,664) per ounce compared to $ 2,184 (US $ 1,642) per ounce in 2020. There was an increase
of 8,7% of the ounces produced and a reduction of 4,9% of the ounces sold.
? Ounces produced in 2021 were 3,271 compared to 3,008 in 2020. Ounces sold in 2021 were 2,928 compared
to 3,071 in 2020, hence an increase 8.7% of the ounces produced and a decrease of 4.9% of the ounces sold.
? Sales of 195 ounces of gold extracted by mine development at Sleeping Giant mine for a total of
$ 440,912 in the first quarter ended on September 30, 2021. There was no sale in the 1st quarter of 2020.
2
RECENT DEVELOPMENTS :
? Advancement of drifts on levels 11 and 12 and preparation of level 13 at the Elder mine.
? Rehabilitation of old drifts and advancement of new drifts on the upper levels of the Sleeping Giant
mine to have acces to existing ore reserves and new zones indicated by previous and current drill
holes.
NEW PROJETS TO COME :
? Update of NI 43-101 resources calculations of Discovery, Flordin and Cameron Shear (50%)
? Surface drilling program at Sleeping giant mine.
? Re-activate the Abcourt-Barvue silver-zinc projet.
? Construction of a trail to acces the Tagami projet.
NON-GAAP FINANCIAL PERFORMANCE MEASURES :
This press release presents certain financial performance measures, total cash costs per ounce of gold
produced, sustaining costs and all-in sustaining cost per ounce of gold produced which are non-International
Financial Reporting Standards (IFRS) performance measures. This data may not be comparable to data
presented by other gold producers. Non-GAAP financial performance measures should be considered
together with other data prepared in accordance with IFRS.
The adjusted net profit is a measure of performance that members of the direction use to evaluate the
performance of activities by the Company, without taking into account the accounting policies, taxation
laws and the structure of capital as these elements may potentially give a wrong representation of the
capacity of the Company to generate cash with its operation. The adjusted net profit excludes interest
expenses, taxes and amortization.
The cash costs and all-in sustaining cost are common performance measures in the gold mining industry.
The Company reports cash cost per ounce based on ounces produced. Cash costs include operating mining
costs and royalties but is exclusive of amortization and depletion and sustaining capital expenditures. The
all-in sustaining costs include costs of sales and sustaining capital expenditures and administrative costs but
exclude amortization, depletion and accretion expenses. The Company believes that all-in sustaining costs
present a complete picture of the Company’s operating performance or its ability to generate free cash flows
from its operation.
3
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located
properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is
currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. The
mill has a capacity of 700 to 750 tonnes per day. An evaluation of the mineral resources, according NI
43101 was prepared by Mr. Valére Larouche, consulting engineer in geology. It was filed on Sedar on May
13, 2019. 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 1 1.20 g/t of gold. Inferred resources are 93, 100 tonnes with
a grade of 1 1.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining
Services Inc. Probable reserves according to MI 43-101 have been estimated at 339, 221 tonnes with a grade
of 7.9 g/t of gold. To increase resources at the Sleeping Giant mine, some important targets of gold
mineralization will be drilled from surface as soon as possible.
A resource estimate for the Abcourt-Barvue property was prepared according to NI 43-101 by Jean-Pierre
Bérubé, engineer in geology in 2014. This estimate indicated of 8, 083, 000 tonnes of measured and
indicated resources with a grade of 55.45 g/t of silver and 3.06 % of zinc. A feasibility study was done in
2007, according to NI 43-101 by Roche/ Genivar, and an update was done. in 2018. Proven and indicated
resources total 8,074, 162 tonnes with a grade of 51.79 g/t of silver and 2.83% zinc, including 6, 589, 361
tonnes with 81.6% mineable by open pit and 1, 454, 801 tonnes with 18.4% mineable underground. The
feasibility study was done with the following prices, zinc at US $ 1.10/lb ($ CDN 1.38), silver at current
price are about US $ 1.50/lb (CDN $ 1.87) and price silver is around US $ 24.00/oz (CDN $ 30.00) /oz. The
rate of exchange is about US $ 1.00 = CDN $ 1.25. US $ 16,50/oz (CDN $ 20.63/oz) and a rate of exchange
of US $ 1.00 = CDN $ 1.25.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr.
Hinse is a "Qualified Person" under the terms of Regulation 43-101. Mr. Hinse has approved the content of
the disclosure in this press release.
To know more about Abcourt Mines Inc. (TSXV : ABI), please visit our web site at
http://www.abcourt.com
and
consult our filings under Abcourt's profile on www.sedar.com
4
For more information, please contact :
Renaud Hinse, President and CEO Dany Cenac Robert, Investor Relations
T : 819 768-2857 450 446-551 1 Reseau ProMarket Inc.,
F : 819 768-5475 450 446-3550 T: (514) 722-2276
Email: rhinse@abcourt.com Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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Gold & Silver is the only REAL Legal Tender -
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Looks as if things are progressing well. It is good to see that an orderly transition appears to be taking place.
$ABCOURT DECLARES A NET PROFIT OF $2,4 M FOR THE 12-
MONTH PERIOD ENDED ON JUNE 30, 2021
Rouyn-Noranda, Québec, Canada, October 29, 2021 Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE
and Frankfurt Stock Exchanges: AML-FF) ("Abcourt" or the "Corporation"),
https://abcourt.com/wp-content/uploads/2021/10/PR.pdf
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 2021 and $ 359 K in 2020.
? Gross profit of $ 3.4 M 2021, compared to $ 1.9 M in 2020, an increase of 80 %.
? Adjusted net profit of $ 5.1 M in 2021, compared to $ 4.2 M in 2020, an increase of 21 %.
? Cost of sales of $ 24.2 M in 2021, compared to $ 22.1 M in 2020, an increase of 9,5 %.
? $ 2.4 M of cash on June 30, 2021, compared to $ 2.0 M in June 30, 2020, an increase of 20 %.
? Gold inventory of $ 2.5 M in 2021, comparable to the June, 30, 2020 amount, hence no change.
? Cash cost of CDN $ 1,845 (US $ 1,444) in 2021, compared to CDN $ 1,636 (US $ 1,228) in 2020,
an increase of 12,5 %.
? 11, 398 ounces produced 11, 659 ounces sold in 2021 compared to 12, 180 ounces produced 11,640
ounces sold, hence a drop of 6,8 % for the ounces produced and no change in the ounces sold.
? Net profit of $ 547 K in the fourth quarter of 2021, compared to $ 431 K in 2020, an increase of
27 %.
We are very satisfied with these results.
NOMINATION :
The Company is pleased to announce that Mr François Mestrallet a director of the company since December
2013 has been promoted to the post of Board chairman on October 15, 2021. He succeeds Mr Renaud Hinse
who has presided Board meetings for many years since the acquisition of the Company in December 1979.
Mr Hinse will continue as president and CEO of the Company. It was an honor for me to preside the Board
meetings over many years, but the time has come for me to reduce my activities. Mr Mestrallet is an
important shareholder of the Company and he has a good knowledge of its operations. The way he looks at
things will be an important contribution to the Board.
2
DEVELOPPEMENTS RECENTS :
? Advancement of drifts on levels 11 and 12 and preparation of level 13 at the Elder mine.
? Rehabilitation of old drifts and advancement of new drifts on the upper levels of the Sleeping Giant
mine to have acces to existing ore reserves and new zones indicated by previous and current drill
holes.
NEW PROJETS TO COME :
? Update of NI 43-101 resources calculations of Discovery, Flordin and Cameron Shear (50%)
? Surface drilling program at Sleeping giant mine.
? Re-activate the Abcourt-Barvue silver-zinc projet.
? Construction of a trail to acces the Tagami projet.
NON-GAAP FINANCIAL PERFORMANCE MEASURES :
This press release presents certain financial performance measures, total cash costs per ounce of gold
produced, sustaining costs and all-in sustaining cost per ounce of gold produced which are non-International
Financial Reporting Standards (IFRS) performances measures. This data may not be comparable to data
presented by other gold producers. Non-GAAP financial performance measures should be considered
together with other data prepared in accordance with IFRS.
The adjusted net profit is a measure of performance that members of the direction use to evaluate the
performance of activities by the Compagnie. Without taking into account the accounting policies, taxation
laws and the structure of capital as these elements may potentially give a wrong representation of the
capacity of the Company to generate cash with its operation. The adjusted net profit excludes interest
expenses, taxes and amortization.
The cash costs and all-in sustaining cost are common performance measures in the gold mining industry.
The Compagny reports cash cost per ounce based on ounces produced. Cash cost include operating mining
costs and royalties but is exclusive of amortization and depletion and sustaining capital expenditures. The
all-in sustaining costs include costs of sales and sustaining capital expenditures and administrative costs but
exclude amortization, depletion and accretion expenses. The Company believes that all-in sustaining costs
present a complete picture of the Company’s operating performance or its ability to generate free cash flows
from its operation.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located
properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is
currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant
3
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. The
mill has a capacity of 700 to 750 tonnes per day. An evaluation of the mineral resources, according NI
43101 was prepared by Mr. Valére Larouche, consulting engineer in geology. It was filed on Sedar on May
13, 2019. 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 1 1.20 g/t of gold. Inferred resources are 93, 100 tonnes with
a grade of 1 1.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining
Services Inc. Probable reserves according to MI 43-101 have been estimated at 339, 221 tonnes with a grade
of 7.9 g/t of gold. For the long term at the Sleeping Giant mine, some important targets of gold
mineralization will be drilled as soon as possible.
A resource estimate for the Abcourt-Barvue property was prepared according to NI 43-101 by Jean-Pierre
Bérubé, engineer in geology in 2014. This estimate indicated of 8,083,000 tonnes of measured and indicated
resources with a grade of 55.45 g/t of silver and 3.06 % of zinc. A feasibility study was done in 2007,
according to NI 43-101 by Roche/ Genivar. And an update was done according to NI 43-101 by PRB Mining
Services Inc. in 2018. Proven and indicated resources total 8,074,162 tonnes with a grade of 51.79 g/t of
silver and 2.83% zinc, including 6,589,361 (81 tonnes mineable by open pit and 1,454,801 (18,4%) tonnes
mineable underground.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr.
Hinse is a "Qualified Person" under the terms of Regulation 43-101. Mr. Hinse has approved the content of
the disclosure in this press release.
To know more about Abcourt Mines Inc. (TSXV : ABI), please visit our web site at www.abcourt.com and
consult our filings under Abcourt's profile on www.sedar.com
For more information, please contact:
Renaud Hinse, President and CEO Dany Cenac Robert, Investor Relations
T : 819 768-2857 450 446-5511 Reseau ProMarket Inc.,
F : 819 768-5475 450 446-3550 T: (514) 722-2276
Email: rhinse@abcourt.com Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://abcourt.com/
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Thank you NYBob for the update. I was wondering about Abcourt for a while. Hope that they can get enough miners soon. It has been a tough period for almost two years now.
Progress Report on Work Done at the Sleeping Giant Mine
V.ABI | September 13, 2021
(TheNewswire)
Rouyn-Noranda,Québec,Canada – TheNewswire - September 13, 2021
Abcourt Mines Inc. (TSXV:ABI)(Berlin:AML-BE) and Frankfurt Stock Exchanges: (FSE:AML-FF) (“Abcourt” or the“Corporation”), Abcourt Mines 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.
http://www.abcourt.com
With the objective of providing lodging, the corporation has 3 mobile homes divided into rooms and has converted two offices into rooms in the Sleeping Giant office. This initiative has enabled us to hire 13 miners. The Corporation has two additional mobile homes which will be converted into 4 appartements (2 rooms each) to lodge additional workers. We continue to innovate to find ways which will permit us to hire needed workers.
As it is to easier to recruit mechanics, welders and electricians at Elder because of a larger pool of population around Rouyn-Noranda, we will repair at Elder the Sleeping Giant mobile equipment namely locomotives, cars, loaders, slushing hoist, etc. more quickly and more effectively. In addition, the space now used for the mine store will be converted into a welding shop. A new building will be built for a new mine store.
To enlarge our recruiting basin, we pay an allowance to those who come from distant areas. At the Elder mine we have about 20 employees who benefit from this allowance. It is also available to the Sleeping Giant employees.
Our person responsible for Human Ressources, Stéphane Mercier, is focused on recruiting new employees. You may call him at (819) 768-2857, or send e-mail to smercier@abcourt.com.
DEVELOPMENT
The development work is directed in priority to significant ore resources. The objective is to produce ore as soon as possible. Currently, most of the work is done on levels 235 and 295. Over the next months, it will be necessary to recruit additional miners and to open levels 355, 415 and 485.
Over the latest months, definition drilling has been done for the preparation of stope plans. On level 235, in zone 3, the indicated resources according to Nil 43-101 are in the order of 16, 000 tonnes with a grade near 11g/t of gold. About 20 holes drilled in that area have located an extension of that zone, at least as important as the known one, according to our engineer in geology. Assay results will be published when the usual check assays will be done.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. The mill has a capacity of 700 to 750 tonnes per day. An evaluation of the mineral resources, according NI 43-101 was prepared by Mr. Valère Larouche, consulting engineer in geology. It was filed on Sedar on May 13, 2019. 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 of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services Inc. Probable reserves according to MI 43-101 have been estimated at 339, 221 tonnes with a grade of 7.9 g/t of gold.
http://www.abcourt.com
A resource estimate for the Abcourt-Barvue property was prepared according to NI 43-101 by Jean-Pierre Bérubé, engineer in geology in 2014. This estimate indicated of 8, 083, 000 tonnes of measured and indicated resources with a grade of 55.45 g/t of silver and 3.06 % of zinc. A feasibility study was done in 2007, according to NI 43-101 by Roche/ Genivar. And an update was done according to NI 43-101 by PRB Mining Services Inc. in 2018. Proven and indicated resources total 8,074, 162 tonnes with a grade of 51.79 g/t of silver and 2.83% zinc, including 6, 589, 361 (81,6%) tonnes mineable by open pit and 1, 454, 801 (18,4%) tonnes mineable underground.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse has approved the content of the disclosure in this press release.
For the long term in gold, the Corporation has prepared a $ 2M exploration programme, mainly for the Sleeping Giant mine where important targets of gold mineralization have not yet been explored.
To know more about Abcourt Mines Inc. (TSXV : ABI), please visit our web site at www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email:rhinse@abcourt.com
http://www.abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.abcourt.com
2
Abcourt Mines Inc (P (ABMBF)
0.0733 ? 0.00202 (2.83%)
Volume: 8,151 @10/19/21 12:40:48 PM EDT
Bid Ask Day's Range
0.0672 0.08 0.073 - 0.0733
ABMBF Detailed Quote
Not surprising that workers are hard to find. here is hoping that ways can be found to continue the development at a good pace.
Progress Report on Work Done at the Sleeping Giant Mine
V.ABI | 2 hours ago
(TheNewswire)
Rouyn-Noranda,Québec,Canada – TheNewswire - September 13, 2021
Abcourt Mines Inc. (TSXV:ABI)(Berlin:AML-BE) and Frankfurt Stock Exchanges: (FSE:AML-FF) (“Abcourt” or the“Corporation”), Abcourt Mines 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 divided into rooms and has converted two offices into rooms in the Sleeping Giant office. This initiative has enabled us to hire 13 miners. The Corporation has two additional mobile homes which will be converted into 4 appartements (2 rooms each) to lodge additional workers. We continue to innovate to find ways which will permit us to hire needed workers.
As it is to easier to recruit mechanics, welders and electricians at Elder because of a larger pool of population around Rouyn-Noranda, we will repair at Elder the Sleeping Giant mobile equipment namely locomotives, cars, loaders, slushing hoist, etc. more quickly and more effectively. In addition, the space now used for the mine store will be converted into a welding shop. A new building will be built for a new mine store.
To enlarge our recruiting basin, we pay an allowance to those who come from distant areas. At the Elder mine we have about 20 employees who benefit from this allowance. It is also available to the Sleeping Giant employees.
Our person responsible for Human Ressources, Stéphane Mercier, is focused on recruiting new employees. You may call him at (819) 768-2857, or send e-mail to smercier@abcourt.com.
DEVELOPMENT
The development work is directed in priority to significant ore resources. The objective is to produce ore as soon as possible. Currently, most of the work is done on levels 235 and 295. Over the next months, it will be necessary to recruit additional miners and to open levels 355, 415 and 485.
Over the latest months, definition drilling has been done for the preparation of stope plans. On level 235, in zone 3, the indicated resources according to Nil 43-101 are in the order of 16, 000 tonnes with a grade near 11g/t of gold. About 20 holes drilled in that area have located an extension of that zone, at least as important as the known one, according to our engineer in geology. Assay results will be published when the usual check assays will be done.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. The mill has a capacity of 700 to 750 tonnes per day. An evaluation of the mineral resources, according NI 43-101 was prepared by Mr. Valère Larouche, consulting engineer in geology. It was filed on Sedar on May 13, 2019. 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 of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services Inc. Probable reserves according to MI 43-101 have been estimated at 339, 221 tonnes with a grade of 7.9 g/t of gold.
A resource estimate for the Abcourt-Barvue property was prepared according to NI 43-101 by Jean-Pierre Bérubé, engineer in geology in 2014. This estimate indicated of 8, 083, 000 tonnes of measured and indicated resources with a grade of 55.45 g/t of silver and 3.06 % of zinc. A feasibility study was done in 2007, according to NI 43-101 by Roche/ Genivar. And an update was done according to NI 43-101 by PRB Mining Services Inc. in 2018. Proven and indicated resources total 8,074, 162 tonnes with a grade of 51.79 g/t of silver and 2.83% zinc, including 6, 589, 361 (81,6%) tonnes mineable by open pit and 1, 454, 801 (18,4%) tonnes mineable underground.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse has approved the content of the disclosure in this press release.
For the long term in gold, the Corporation has prepared a $ 2M exploration programme, mainly for the Sleeping Giant mine where important targets of gold mineralization have not yet been explored.
To know more about Abcourt Mines Inc. (TSXV : ABI), please visit our web site at www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email:rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
I am still positive.
Big one thanks, yes We should be about due for a news release soon I hope )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165236471
NYBob, We should be about due for a news release update???
Maybe we have news coming soon?
bigone thanks, someone may heard some good info,
it's a guess from me but I like volatility,
the more the better ) -
often it makes it all to fly higher in the end ) -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165236471
God Bless
Was there anything specifically today that influenced the share price rise?
$bigone' thanks 'Abcourt Mines Inc. (ABMBF) Nice move up in share price
in the US today. Was there news?
Well, Abcourt Mines Inc. (ABMBF) Has Restarted;
$THE SLEEPING GIANT GOLD MINE -
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
$6.8 M SALE OF GOLD FOR THE 4TH QUARTER AND $ 27.8 M FOR THE 12
MONTH PERIOD ENDED ON JUNE 30, 2021
https://abcourt.com/wp-content/uploads/2021/07/PR20210726.pdf
_________________________________________________________________
$Rouyn-Noranda, Québec, Canada, July 26, 2021
$Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock
Exchanges: AML-FF)
(“Abcourt” or the “Corporation”),
Abcourt Mines 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 ended June 30, 2021 are the best
to date, despite a temporary closure of five weeks due to a failure of
the Elder hoist. These figures have
not been examined nor validated by our external auditors.
Additional financial information will be provided
after the audit.
$ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company
with strategically located
properties in northwestern Quebec, Canada.
The Elder property has gold resources (2018).
Abcourt is
currently focusing on the exploitation of the Elder mine and on the
development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located
half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by
the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day.
A NI 43-101 resource estimate and feasibility study with
reserves were recently completed by PRB Mining Services Inc.
Proven mineral resources total 10,900 tonnes with a grade
of 12.20 g/t of gold and probable reserves total 475,625 tonnes
with a grade of 11.20 g/t of gold.
Inferred resources are in 93,100 tonnes with a grade
of 11.85 g/t of gold.
For the long term at
the Sleeping Giant mine, important mineralized targets in gold will be
explored by drilling as soon as
possible.
Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Nice move up in share price in the US today. Was there news?
About two hours ago I was wondering if we would soon have news about Abcourt. Thanks so much NYBob.
$ 6.8 M SALE OF GOLD FOR THE 4TH QUARTER AND $ 27.8 M FOR THE 12
MONTH PERIOD ENDED ON JUNE 30, 2021
https://abcourt.com/wp-content/uploads/2021/07/PR20210726.pdf
_________________________________________________________________
Rouyn-Noranda, Québec, Canada, July 26, 2021
$Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock
Exchanges: AML-FF)
(“Abcourt” or the “Corporation”),
Abcourt Mines 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 ended June 30, 2021 are the best
to date, despite a temporary closure of five weeks due to a failure of
the Elder hoist. These figures have
not been examined nor validated by our external auditors.
Additional financial information will be provided
after the audit.
$ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company
with strategically located
properties in northwestern Quebec, Canada.
The Elder property has gold resources (2018).
Abcourt is
currently focusing on the exploitation of the Elder mine and on the
development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located
half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by
the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day.
A NI 43-101 resource estimate and feasibility study with
reserves were recently completed by PRB Mining Services Inc.
Proven mineral resources total 10,900 tonnes with a grade
of 12.20 g/t of gold and probable reserves total 475,625 tonnes
with a grade of 11.20 g/t of gold.
Inferred resources are in 93,100 tonnes with a grade
of 11.85 g/t of gold.
For the long term at
the Sleeping Giant mine, important mineralized targets in gold will be
explored by drilling as soon as
possible.
Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Abcourt Mines Inc (P (ABMBF)
0.1033 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.013 0.14 - - -
ABMBF Detailed Quote
The evidence for much higher prices seems more supporting with each passing month.
$bigone thanks; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
I heard that. Hope that all continues to come together for us.
25% increase in grade for the quarter
They did more profit in 2 month operation that in 3 months last year.
In last meeting they said that grade continue to me very good.
Meaning the current quarter should be something!
and if we had the sleeping giant that will add
to the mix at 3 times the grade,
I believe we are looking at some very good numbers
for current quarter.
GLTA
RPM
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