$stockwrestler2 thanks; Gold producer Abcourt Mines will put another mine on production and Abcourt is very undervalue and oversold, IMO!
$This year; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming 22,126 views•May 31, 2021
Palisades Gold Radio 70.2K subscribers Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co- Founder of Franco Nevada and Formerly President of Newmont Mining.
For the one who missed the Abcourt Mines zoom meeting -
Since you couldn't attend the meeting Fernand and Jim, here's a bit more info to fill in the gaps:
Production targets "in the next few years":
Elder: 15-18k oz Au per year
Sleeping Giant: 18-22k oz Au per year
Abcourt-Barvue: .8M oz Ag per year
108 employees at Elder as of Dec.2020 40 employees currently at Sleeping Giant
Over 400 days straight without a compensible accident
Mr. Hinse: "Senior personnel are being hired".
Normand Hinse was recently promoted to CFO.
At Elder there's at least 10 years of mine life left with good prospects for further discoveries. We are mining 50% from the block model and 50% are new resources.
At Sleeping Giant during this development phase the grades from the various areas are what they have expected. For Q2 159 oz will be mined with rapid increases after that. (check out the powerpoint for predictions in the following quarters).
No additional financing is required for Elder or Sleeping Giant.
At Abcourt-Barvue it would take 2 years to restart the mine. Permitting is the bottleneck, otherwise it could done be much faster.
Mr. Hinse is not into any alternative forms of financing such as streaming deals or crowfunding. He said that since they can borrow at 2% or 3% it makes no sense to engage in costlier forms of financing.
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If you look at Elder only, The cost per ton including administratives fees is 230$ 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
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.
$Davos Is Making The Central Bank Case For Gold BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM Authored by Tom Luongo via Gold, Goats, 'n Guns blog,
PRESIDENT DONALD J. TRUMP LIVE FROM PRESCOTT, AZ JULY 22ND, 2022 by RSBN Studio 07/13/22
President Donald J. Trump, 45th President of the United States of America, will be joined by endorsed candidates, members of the Arizona congressional delegation, and other special guests on Saturday, July 22, 2022, in Prescott Valley, AZ. This Save America rally is a continuation of President Trump’s unprecedented effort to advance the MAGA agenda by energizing voters and highlighting America First candidates and causes.
((( Saturday, July 22, 2022, at 4:00 PM MST )))
President Donald J. Trump, 45th President of the United States of America, Delivers Remarks
2000 MULES BY DINESH D’SOUZA DOCUMENTARY - best news here
This is the official 2000 Mules movie.“2000 Mules,” a documentary film created by Dinesh D’Souza, exposes widespread, coordinated voter fraud in the 2020 election, sufficient to change the overall outcome. Drawing on research provided by the election integrity group True the Vote, “2000 Mules” offer..
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