Abcourt Mines is pleased to announce it has initiated the process to identify and appoint a new Chief Executive Officer to succeed to Renaud Hinse, who has previously announced his retirement, which will take effect at the end of March 2022. Mr. Hinse will continue to serve as CEO in the interim and will remain on the Board of directors of the [...]
Abcourt Mines Inc. reports a corporate update following its shareholders meeting held on December 16, 2021. Shareholders have approved the two resolutions on the agenda of the Meeting, being the appointment of the chartered professional accountants firm Raymond Chabot Grant Thornton, as auditors of the Corporation, and the election of the directors [...]
Abcourt Mines Inc. , , and , declares good results for the 1st quarter ended on September 30, 2021, compared to the 1st quarter ended on September 30, 2020. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS: Revenues of $ 6,659,898 for the first quarter ended on September 30, 2021 compared to $ 7,810,494 in the quarter [...]
Abcourt Mines Inc. , , and , Abcourt declares excellent results for the 12-month period ended on June 30, 2021, with $3,4 M in gross profits and $ 2,4 M in net profits despite 5 weeks of interruption to repair the hoist motor at Elder. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS: - Revenues of $ 27.6 M in 2021 [...]
Abcourt Mines Inc. , , and , Abcourt declares excellent results for the 12-month period ended on June 30, 2021, with $3,4 M in gross profits and $ 2,4 M in net profits despite 5 weeks of interruption to repair the hoist motor at Elder. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS: - Revenues of $ 27.6 M in 2021 [...]
Abcourt Mines Inc. reports on the progress of work done at the Sleeping Giant Mine. The rehabilitation and development work at the Sleeping Giant Mine continue but at a slower pace than expected due to a shortage of man power. A recurrent request from potential candidates is about lodging. To satisfy this need, various measures were put in place [...]
Abcourt Mines Inc. 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 [...]
Abcourt Mines Inc. reports excellent results for the third quarter and the nine-month period ended on march 31, 2021. All amounts are in Canadian dollars unless indicated differently. Highlights: The company reports a revenue of $ 4,8 M for the third quarter. This is 15 % lower than the $ 5,6 M reported for the same period in 2020. The lower [...]
Abcourt Mines Inc. is pleased to announce that the unionized employees at the Sleeping Giant division of Abcout Mines inc have approved a renewal of the collective agreement by 80 %. This renewal of the collective agreement clarifies some articles, grant competitive wages and various advantages for the next five years. Combined with a 6,5 M $ bank [...]
Abcourt Mines Inc. is pleased to announce the results of its Annual and General meeting of shareholders held on March 18, 2021. The shareholders approved the appointment of Raymond Chabot Grant Thornton., Professional Chartered Accountants, as auditors of the Corporation and the election of the following directors: Daniel Adam, René Branchaud [...]
Abcourt Mines Inc. is pleased to announce that the gold grade, in February, at the mill was higher than it was in the previous quarter. The grade of the ore extracted at the Elder mine was higher and an adjustment of the gold inventory in the mill circuit was made. These two factors contributed to the embellishment. In February, the mill treated [...]
Abcourt Mines Inc. announced on February 5 last that a financing proposal had been received from the Royal Bank of Canada to accelerate the development of the Sleeping Giant mine. All the closing conditions have been satisfied and a first tranche of one million dollars was deposited in our account on February. 25, 2021. This financing includes a [...]
