Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.

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Abcourt Mines Inc

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Post by fbedard29on Jul 30, 2020 1:27pm

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Post# 31344947

response to JTdouble on what is expected.

My guest is that even if Gold price has gone up we will not see much in profits.
Maybe Abcourt could qualify for 75% salary subsidies if the gold sold and revenues for
april,may and june is 30% less than comparable months in 2019.
It might mean that no revenu (gold sold )in quarter 4 would be 30% less that last year.
But that would be good for sept 30 Q1.
We would have more gold to sell and increase revenu in Q1 2020 (good for AGM meeting in december).
Fernand

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