Highlight News 2018-2020 From Abcourt Mines Inc. -Good Gold Potential Stock.

[Mining student]

Abcourt Mines Stock is a good gold long term investment stock because in the last 5 years Abcourt Mines saw its revenue grow at 34% per year. Even measured against other revenue-focused companies, that's a good result. Arguably, this is well and truly reflected in the strong share price gain of 44%(per year) over the same period. Despite the strong run, top performers like Abcourt Mines have been known to go on winning for decades. On the face of it, this looks like a good opportunity, although we note sentiment seems very positive already.
Abcourt price stock right now 10/29/2020 $0.18 CAD.


February 15, 2018, The surface drilling at Elder Mine found and has intersected an excellent value in gold. Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. is pleased to announce that excellent results were obtained in a recent surface drilling program at the Elder mine. Forty-four holes were drilled, for a total of 7,288 meters. At the Elder mine, the No.1 vein is the main vein. It extends over a strike distance of about 650 meters, from surface to the bottom of the mine. The dip is 22 degrees to the South. It is accompanied by vein #3 and #6 with the same strike and dip. There are also veins No.2 and No.2A, from the 4th level to surface, with the same strike and a dip of 40 degrees S and vein No.4 with a North-South direction and a dip of 22 degrees to the East.

March 12, 2018, Abcourt announces their excellent operation and financial results for Elder Mine for the the three-moth and six-month periods that ended December 31,2017
Mont-St-Hilaire, Québec, Canada, March 12, 2018
Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. is pleased to announce excellent operating and financial results for the Elder mine for the three-month and six-month periods ended December 31, 2017.

Highlights and future plans are as follows I’ll also update what future they manage to accomplish. These plans are the plans they made in March 12, 2018.

Abcourt manages to sold 4,225 ounces of gold at an average price of CAN $1,627 (US $1,281) in the second quarter with revenues of $6,873,133

Sale for the semester ended December 31, 2017, of 6,509 ounces of gold at an average price of CAN $1,627 (US $1,289) for a total revenue of $10,589,947;
They also manage to have a net income for the quarter of $784,748 and for the semester of $510,929. Their gross profit for the quarter of $1,023,283 and for the semester of $886,014. Abcourt also managed to have a substantial increase in tonnes treated at Sleeping Giant mill, an increase of 42% over the previous quarter. And their average production cash costs (1) for the quarter was CAN $1,293 (US $1,018) per ounce, a decrease of 5% over the same quarter of the previous year which was CAN $1,358 (US $1,020) per ounce. In 2017, important maintenance costs to the Sleeping Giant mill resulted in an upward impact on the average production cash costs (1);

• All-in sustaining costs (1) of CAN $1,526 (US $1,202) per ounce, a decrease of 15% over the all-in sustaining costs (1) for the year 2017 which was CAN $1,810 (US $1,387) per ounce;
• Abcourt reaches its production costs reduction objectives. The operating cash-flow of the company was $1,187,150 for the six-month period ended December 31, 2017. Their Cash balance at the end of the quarter was CAN $3,346,810 including the net proceed of $995,212 related to a private financing completed on December 21, 2017 and in amounts receivables of $1,160,723 mainly from the sale of gold;
• A surface drilling program was started in September on the Elder property. Several good intersections were cut. This program was continued to the end of December. Additional exploration and definition drilling is planned for 2018;
• In 2018, about 8000 meters of drilling is planned on the Aldermac, Discovery and Dormex properties;


The focus of Abcourt is on increasing the Elder production to 12,000 tonnes per month. The new work schedule introduced at the end of November 2017 increased the working hours per month and will help reach our production goal;
• Abcourt maintains its goal to increase the overall profitability of the Company with a close control on Elder mine and Sleeping Giant mill production costs and by improving the Elder mine production grade

 

[Mining student]

Abcourt Mines Stock is a good gold long term investment stock because in the last 5 years Abcourt Mines saw its revenue grow at 34% per year. Even measured against other revenue-focused companies, that's a good result. Arguably, this is well and truly reflected in the strong share price gain of 44%(per year) over the same period. Despite the strong run, top performers like Abcourt Mines have been known to go on winning for decades. On the face of it, this looks like a good opportunity, although we note sentiment seems very positive already.
Abcourt price stock right now 10/29/2020 $0.18 CAD.


February 15, 2018, The surface drilling at Elder Mine found and has intersected an excellent value in gold. Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. is pleased to announce that excellent results were obtained in a recent surface drilling program at the Elder mine. Forty-four holes were drilled, for a total of 7,288 meters. At the Elder mine, the No.1 vein is the main vein. It extends over a strike distance of about 650 meters, from surface to the bottom of the mine. The dip is 22 degrees to the South. It is accompanied by vein #3 and #6 with the same strike and dip. There are also veins No.2 and No.2A, from the 4th level to surface, with the same strike and a dip of 40 degrees S and vein No.4 with a North-South direction and a dip of 22 degrees to the East.

March 12, 2018, Abcourt announces their excellent operation and financial results for Elder Mine for the the three-moth and six-month periods that ended December 31,2017
Mont-St-Hilaire, Québec, Canada, March 12, 2018
Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. is pleased to announce excellent operating and financial results for the Elder mine for the three-month and six-month periods ended December 31, 2017.

Highlights and future plans are as follows I’ll also update what future they manage to accomplish. These plans are the plans they made in March 12, 2018.

Abcourt manages to sold 4,225 ounces of gold at an average price of CAN $1,627 (US $1,281) in the second quarter with revenues of $6,873,133

Sale for the semester ended December 31, 2017, of 6,509 ounces of gold at an average price of CAN $1,627 (US $1,289) for a total revenue of $10,589,947;
They also manage to have a net income for the quarter of $784,748 and for the semester of $510,929. Their gross profit for the quarter of $1,023,283 and for the semester of $886,014. Abcourt also managed to have a substantial increase in tonnes treated at Sleeping Giant mill, an increase of 42% over the previous quarter. And their average production cash costs (1) for the quarter was CAN $1,293 (US $1,018) per ounce, a decrease of 5% over the same quarter of the previous year which was CAN $1,358 (US $1,020) per ounce. In 2017, important maintenance costs to the Sleeping Giant mill resulted in an upward impact on the average production cash costs (1);

• All-in sustaining costs (1) of CAN $1,526 (US $1,202) per ounce, a decrease of 15% over the all-in sustaining costs (1) for the year 2017 which was CAN $1,810 (US $1,387) per ounce;
• Abcourt reaches its production costs reduction objectives. The operating cash-flow of the company was $1,187,150 for the six-month period ended December 31, 2017. Their Cash balance at the end of the quarter was CAN $3,346,810 including the net proceed of $995,212 related to a private financing completed on December 21, 2017 and in amounts receivables of $1,160,723 mainly from the sale of gold;
• A surface drilling program was started in September on the Elder property. Several good intersections were cut. This program was continued to the end of December. Additional exploration and definition drilling is planned for 2018;
• In 2018, about 8000 meters of drilling is planned on the Aldermac, Discovery and Dormex properties;


The focus of Abcourt is on increasing the Elder production to 12,000 tonnes per month. The new work schedule introduced at the end of November 2017 increased the working hours per month and will help reach our production goal;
• Abcourt maintains its goal to increase the overall profitability of the Company with a close control on Elder mine and Sleeping Giant mill production costs and by improving the Elder mine production grade

March 2, 2018- Marc Filion’s resignation It is with regrets that we announce the resignation of Marc Filion, as of March 2, 2018. The latter was a director and chief of finance for the Company. We wish to thank him for all the services rendered to the Company.

April 25,2018 - Abcourt Mines Inc. Updated the report of resources for Elder Mine and Tagami Property.
Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. Berlin is pleased to announce that a NI 43-101 update report of resources on the Elder mine has been prepared by Jean-Pierre Bérubé, engineer, independent consulting geologist and a Qualified Person according to NI 43-101, with pertinent experience in this domain. This update was done in three parts. The first part is inside the limits of mining concession 363 and covers the upper part of the mine, from the 10th level to surface. The second part covers the lower part of the mine, below the 10th level. This update was prepared for an application to have a mining lease. The third part is located immediately to the North of the Elder mine and was incorporated in the 2012 calculations of resources.

At the Elder mine, the No. 1 vein is the main vein. It extends over a strike distance of about 650 meters, from surface to the bottom of the mine. The dip is 22o to the South. It is accompanied by vein #3 and #6 with the same strike and dip. There are also veins No.2 and No.2A, from the 4th level to surface, with the same strike and a dip of 40o S and vein No.4 with a North-South direction and a dip of 22o to the East. See the cross-section on the previous page. Vein #7 is indicated in one hole with marginal values. Additional drilling will be done to assess the economic potential of this structure. Abcourt owns 100% of the Elder and Tagami properties, made up of one mining concession, a mining lease, claims and small parts of claims for which a mining lease has been asked and adjacent claims.

June 5,2018- Announces The Excellent Operating and Financial Results for Elder Mine for the Three-Month and Nine-Month Periods Ended March 31, 2018

Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. is please to announce excellent operating and financial results for the Elder mine for the three-month and nine-month periods ended March 31, 2018.

Here are the results obtained in the 2018 and 2017 third quarters and nine-month periods ended on March 31:

Abcourt revenues consist essentially in the sale of gold and silver. For the 3-month period ended on March 31, 2018, sales of gold and silver totaled $6,360,000. Expenses, including mining costs, royalties, amortization and depletion, were $5,377,870. A gross profit of $982,130 was made compared to a gross profit of $392,722 for the same period of the previous year.

In the third quarter of 2018, the Company made a net profit of $752,208 compared to a net profit of $186,215 for the same quarter in the previous year.

In the third quarter of 2018, 3,765 ounces of gold were sold, an increase of 44% over the third quarter ended March 31, 2017. The average realized price was CA$1,689 (US$1,334) per ounce. The average cash costs for the quarter was $1,293 (US$1,021) per ounce, a decrease of 5% over the same quarter of the previous year. The sustaining costs for the quarter were $1,590 (US$1,256) per ounce compare to $1,853 (US$1,402) per ounce over the same quarter of the previous year, a decrease of 14%.

In the third quarter of 2018, the tonnes treated at the Sleeping Giant mill (34,525) increased by 22% over the tonnes treated in the previous quarter and 36% over the same quarter in the previous year. Hence, a steady and important improvement. The increase is mainly due to a new work schedule. With this new schedule, the number of hours worked per month increases and the Company is able to hire skilled and qualified workers.

The expenses for the quarter were almost identical to those in the same quarter in the previous period.

The Company ended the quarter with a cash balance of $2,681,181, compared to $1,107,671 in the previous year. As at March 31, 2018, gold and silver stocks totaled $2.2M. The cash on March 31, 2018, includes a balance of $735,056 from a flow-through private placement made in December 2017.


September 2018- Abcourt releases the 43-101 resources calculation of the Sleeping Giant Mine.

 

[Mining student]

March 2, 2018- Marc Filion’s resignation It is with regrets that we announce the resignation of Marc Filion, as of March 2, 2018. The latter was a director and chief of finance for the Company. We wish to thank him for all the services rendered to the Company.

April 25,2018 - Abcourt Mines Inc. Updated the report of resources for Elder Mine and Tagami Property.
Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. Berlin is pleased to announce that a NI 43-101 update report of resources on the Elder mine has been prepared by Jean-Pierre Bérubé, engineer, independent consulting geologist and a Qualified Person according to NI 43-101, with pertinent experience in this domain. This update was done in three parts. The first part is inside the limits of mining concession 363 and covers the upper part of the mine, from the 10th level to surface. The second part covers the lower part of the mine, below the 10th level. This update was prepared for an application to have a mining lease. The third part is located immediately to the North of the Elder mine and was incorporated in the 2012 calculations of resources.

At the Elder mine, the No. 1 vein is the main vein. It extends over a strike distance of about 650 meters, from surface to the bottom of the mine. The dip is 22o to the South. It is accompanied by vein #3 and #6 with the same strike and dip. There are also veins No.2 and No.2A, from the 4th level to surface, with the same strike and a dip of 40o S and vein No.4 with a North-South direction and a dip of 22o to the East. See the cross-section on the previous page. Vein #7 is indicated in one hole with marginal values. Additional drilling will be done to assess the economic potential of this structure. Abcourt owns 100% of the Elder and Tagami properties, made up of one mining concession, a mining lease, claims and small parts of claims for which a mining lease has been asked and adjacent claims.

June 5,2018- Announces The Excellent Operating and Financial Results for Elder Mine for the Three-Month and Nine-Month Periods Ended March 31, 2018

Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. is please to announce excellent operating and financial results for the Elder mine for the three-month and nine-month periods ended March 31, 2018.

Here are the results obtained in the 2018 and 2017 third quarters and nine-month periods ended on March 31:

Abcourt revenues consist essentially in the sale of gold and silver. For the 3-month period ended on March 31, 2018, sales of gold and silver totaled $6,360,000. Expenses, including mining costs, royalties, amortization and depletion, were $5,377,870. A gross profit of $982,130 was made compared to a gross profit of $392,722 for the same period of the previous year.

In the third quarter of 2018, the Company made a net profit of $752,208 compared to a net profit of $186,215 for the same quarter in the previous year.

In the third quarter of 2018, 3,765 ounces of gold were sold, an increase of 44% over the third quarter ended March 31, 2017. The average realized price was CA$1,689 (US$1,334) per ounce. The average cash costs for the quarter was $1,293 (US$1,021) per ounce, a decrease of 5% over the same quarter of the previous year. The sustaining costs for the quarter were $1,590 (US$1,256) per ounce compare to $1,853 (US$1,402) per ounce over the same quarter of the previous year, a decrease of 14%.

In the third quarter of 2018, the tonnes treated at the Sleeping Giant mill (34,525) increased by 22% over the tonnes treated in the previous quarter and 36% over the same quarter in the previous year. Hence, a steady and important improvement. The increase is mainly due to a new work schedule. With this new schedule, the number of hours worked per month increases and the Company is able to hire skilled and qualified workers.

The expenses for the quarter were almost identical to those in the same quarter in the previous period.

The Company ended the quarter with a cash balance of $2,681,181, compared to $1,107,671 in the previous year. As at March 31, 2018, gold and silver stocks totaled $2.2M. The cash on March 31, 2018, includes a balance of $735,056 from a flow-through private placement made in December 2017.


September 2018- Abcourt releases the 43-101 resources calculation of the Sleeping Giant Mine.

Back to the Present first, Recently Abcourt releases a report that the company made almost $2 million dollars Gross Profit annual this year 2020 despite the pandemic.

October 30, 2020- Abcourt is pleased to report a Gross Profit of $1,940,767 and a Net Profit of $358,856 for Annual 2020.

Abcourt Mines Inc. reports its results today for the fourth quarter and financial year ended on June 30, 2020. All amounts are in Canadian dollars unless otherwise indicated.

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. In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Province of Quebec. The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resources estimate was filed on SEDAR in May 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. The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in 2007 by Roche / Genivar. An update was completed in January 2019 by PRB Mining Services Inc. A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by underground operation. Inferred resources total 2.07M tonnes with a grade of 114.16g/t of silver and 2.89% zinc. 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. 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 scientific and technical disclosure in this press release.

Highlights:
•Revenues of $24 057 233 for fiscal 2020.
• Gross profit of $ 1 940 767. Net profit of $358,856
• Adjusted net profit of $4,259,151
• Costs of sales reduced by $3,1M or 12.4 %
• Gold inventory of $2,544,974, that is 1,400 ounces
• Cash cost of $1,636 Can/oz, $US 1,228 /oz of gold
• Ounces produced 12,180, sold 11,640
• All-inclusive cost of $1,950 /oz
• Net profit of fourth quarter $ 431 498
• 6 000 Tonnes of broken muck in stopes with an investment value of about $800,000.
• The Company has no long-term debt. It finances itself with its operating revenues.



Recent developments:
• Drifting on 4Th, 10Th and 11Th levels at Elder mine to open new ore zones.
• Rehabilitation work being done in shafts and drifts at Sleeping Giant mine to develop new or zones on upper levels.

• $448,815 raised by the exercise of the 2019 warrants.
• Two explosive permits received for our Sleeping Giant project