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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.


TSXV:ABI - Post by User

Abcourt Mines Inc
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Post by pioneer14on Sep 14, 2020 10:51am
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Post# 31552462

returning to mining

returning to mining

Junior and intermediate mining companies raise the most in more than six years in August: BMO Capital Markets

Anna Golubova
 
Anna Golubova  
 

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) A total of $1.48 billion was raised by junior and intermediate mining companies in August, which marks the highest level since March 2014, writes BMO Capital Markets citing S&P Global. The precious metals sector led the mining pack. “According to S&P Global, 310 financings, 175 of which by gold miners ($659mn), were completed in August. Year-to-date, $3.56bn has so far been raised for gold projects, up 30% y/y YTD and the highest total for January through August since records began (in 2014). On a m/m basis, however, gold financings dropped 11% in August, while silver projects saw 9% m/m growth,” notes BMO Capital Markets commodities analyst Colin Hamilton. Positive sentiment is clearly returning to the mining sector, adds Hamilton. “Increasing financings, while not immediately meaningful to supply/demand balances, are reflective of positive sentiment returning to the mining industry on the back of better prices and an improving outlook, typically signalling a key inflection point in the broader commodity super-cycle.”

By Anna Golubova

For Kitco News


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