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 awacs1on Oct 04, 2020 11:51am

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Post# 31664392

Q1 Production?

I tried to do some reverse calculations for Q1. From the Q4 report, they sold 1821 oz but produced 2629 thus they held back 807oz (a clever tactic in a rising Au market), and they indicated 1126 oz in the mill circuit (total 1932 oz). For Q1 they indicated revenue of $7.5 million. Assuming an average price Canadian for Q1 at $2500, they sold 3,000 oz. Given that they had 1932oz in hand, how much did they produce, and how much was held back? The NR did raise several questions!! what am I missing here?

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