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.