Gold investors are going to have some fun as prices run to $5,000 this decade - Incrementum AG Kitco News Kitco News Friday May 29, 2020 11:55 Kitco News
Abcourt Mines Inc. is a mining company with excellent Elder Gold Mine with net profit producing gold operation and The Sleeping Giant Gold Mine; reopening high grade gold mine operations also many old gold, silver and zinc mine operations with high potential to reopening the mine operations with current strong higher metal prices - the future looking excellent for Abcourt Mines operations -
Among its many assets all located in Abitibi, Quebec, it has an operating gold mine advantageously located in the mining community of Rouyn-Noranda, a processing plant with a capacity of 750 tonnes / day - and ready to double the capacity to 1500t/day - new mill drums @ the mill ready to be installed - as soon as needed also Abcourt owns an advanced project for silver, zinc, lead mining and a large portfolio of past mine producers and exploration properties.
but the Gold in Abcourt Mines Mother Au ore lodes can't be printed - its in safekeeping for the shareholders :-))
Posted by: NYBob one of many but $delited$ every 2nd - it hasn't happened in 10's of yrs. but currently messages be taken away -
In reply to: bigone who wrote msg# 144 Date:3/28/2020 7:58:45 PM Post #145 of 156 ex....
Abcourt Reports an Adjusted Net Profit of $1M and a Net Profit of $87K for the Second Quarter 2020 - ABMBF / ABI (via TheNewswire) Rouyn-Noranda,Quebec,Canada - TheNewswire - March 11, 2020 -
Abcourt Mines Inc. (ABMBF:US) (TSXV:ABI), (Berlin:AML-BE) and (Frankfurt Stock Exchanges:AML-FF) ("Abcourt" or the"Mines Abcourt inc.) - 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 M from the sale of 3,524 ounces of gold. A drop of 4 % over the second quarter ended December 31, 2018.
- The average realized price of gold sold was C$1,949 per ounce.
- Net profit in the second quarter of $87K, compared to $237K in 2018.
- Adjusted net profit of $1M compared to $746K in 2018.
- Cash of $3.7M, an increase of 32 % over 2018.
- The Company has no long-term debt. It finances itself with its operating revenues.
Recent developments:
- Work currently being done on levels 4, 9 and 10 at the Elder mine to open new stopes.
- $ 728 000 recently raised by private placement for diamond drilling.
- Work started to reopen the Sleeping Giant mine.
Comparative table of results for the second quarter ended on December 31, 2019 and 2018
There's a New Funk In The Air - I've noticed a half a dozen Newbies have swarmed here recently from the WM Board...Maybe pre-planned They are projecting a view that ABI is ripe for a takeover... OMH has owned a Race Horse here that has always had a pay day, Win or Lose! And only for him and his family. Do you think they would cash this Gift Horse in for a take over offer of pennies? When Gold is on a tear and on it's way to $2000, and $ilver soon to follow, I believe the OMH clan will keep this Dog and Pony show going for another 40 years... by bazbuz on Sth. BB