Abcourt Mines Inc. (ABMBF)

[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

Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.


https://www.youtube.com/watch?v=XyroIjmQi_I


For the one who missed the Abcourt Mines zoom meeting -


Since you couldn't attend the meeting Fernand and Jim, here's
a bit more info to fill in the gaps:

Production targets "in the next few years":

Elder: 15-18k oz Au per year

Sleeping Giant: 18-22k oz Au per year

Abcourt-Barvue: .8M oz Ag per year

108 employees at Elder as of Dec.2020
40 employees currently at Sleeping Giant

Over 400 days straight without a compensible accident

Mr. Hinse: "Senior personnel are being hired".

Normand Hinse was recently promoted to CFO.

At Elder there's at least 10 years of mine life left with good prospects
for further discoveries. We are mining 50% from the block model and 50%
are new resources.

At Sleeping Giant during this development phase the grades from the
various areas are what they have expected. For Q2 159 oz will be mined
with rapid increases after that.
(check out the powerpoint for predictions in the following quarters).

No additional financing is required for Elder or Sleeping Giant.

At Abcourt-Barvue it would take 2 years to restart the mine. Permitting
is the bottleneck, otherwise it could done be much faster.

Mr. Hinse is not into any alternative forms of financing such as
streaming deals or crowfunding. He said that since they can borrow at
2% or 3% it makes no sense to engage in costlier forms of financing.

-GM

Great news for Abcourt Mining gold....

https://www.zerohedge.com/markets/macleod-end-lbma-nigh


Note....this is smart thinking, and its all with real money and fully
booked as an asset thanks to Basil III.

https://www.zerohedge.com/economics/tennessee-will-explore-possibility-state-gold-depository

$Gold $5,000-$10,000 & Silver Even Better Returns; Guggenheim Partners
Global Chief Investment Officer and Chairman of Investments Scott Minerd,
nailed the call on BTC and is now saying Gold will rise exponentially
somewhere between $5,000-$10,000 & expects silver to outperform gold
on a % basis. He calls silver the "High Beta Version of Gold".
468 views•May 30, 2021

https://www.youtube.com/watch?v=zmWlQUCYReU


$Abcourt Mines Inc. (ABMBF) Record Revenue; Best to Date” from Emerging
Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse

https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer


$Abcourt soon @ the big awakenning

If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.

Should they get 4 g/t it is about 1610Cad$ or 1280 US$

The reason why cost are high is that they are developing Sleeping Giant.

They always had reasonable cost until they start to open the giant
again.

Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.

The Giant has 12 g/t material so you need the third of material
for same profit. )

At 230 per ton it is 575 CAD$ per ounces of gold or 459US$

So yes I do strongly believe cost are just about to go significantly
down.

for 3 reasons

1- Better grade at Elder

2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine

3-Sleeping giant Has 3 time better grade and cost should be really
lower.

For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111

Abcourt eng. is often very conservative on every estimate,
imo!

Let's move on )

$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment





https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer



1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.

Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.



Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.

The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.

Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.

Its gold-producing asset is the Elder Mine.

The company has a processing plant with a capacity of
750 tonnes per day.

The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.

The project is currently producing 15,000 to 18,000 ounces of
gold per year.





https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer

https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/

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Ps.
opinion appreciated
TIA
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