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 Feb 19, 2022 8:06pm

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Post# 34445595

Abcourt AISC

If my understanding of ' All In Sustaining Cost' is correct it includes all dollars coming out of the bank account.
Salaries,all expenses and also investment done to advance future production.

Yes $2692 AISC seems high but if you deduct the $3m+ invested to prepare different levels at
Elder,SG and all drilling at Discovery 'Flordin, SG, the AISC could be lower i would guest
between $1500 to $1800 ca but no miners would only limit their expenses only to produce .
So we have to live with the AISC being high and realize that the value of the co. is increasing and someday will produce more income than expenses.
Fernand

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