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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Comment by fbedard29on Nov 02, 2020 3:51pm

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Post# 31824353

RE:Yamana aquisition of Monarch and Elder possibility

I know before anybody shoot me down there is much more to consider before selling Elder.

If a production of 20k oz at a selling price of $2500 ca per oz brings in $50m a year and the real cost of production comes in at $1200-$1500 that would be a profit of $26-$30 m .

If gold prices rises in the near future to $3000 ca that would be an extra $10m in profit.

And if we sell Elder at $50m that could add $10-$20 m in extra income taxes to pay in the same year .

I am not for selling at this time unless we have much to gain that i cannot predict.

Fernand

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