Abcourt Announces Good Results For The Second Quarter Ended On December 31, 2016

About this update from Abcourt Mines, Inc. Class B

[{"type":"text","content":"Abcourt Announces Good Results For The Second Quarter Ended On December 31, 2016(via TheNewswire)\n\n \nMont-St-Hilaire / TheNewswire / Quebec, Canada, March 6, 2017\n\n \n \nMr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Company\") announces good results for the second quarter ended on December 31, 2016. Management is pleased to announce that the Sleeping Giant mill treated all the gold mineralization extracted from the Elder mine during the second quarter and the gold recovery was 95.7%. Additional improvement work will be done in the mill during the next few months, but that should not affect substantially the operation. The Company generated, in the second quarter, revenues from the sale of gold totalling $6M and almost $10M for the six-months period ending on December 31, 2016. The average price received for gold was almost $1,700 per ounce sold.\n\n \n \nHere is a summary of important figures concerning operating and financial results obtained for the first two quarters of the 2017 period:\n\n \n\nDescription\n\n\n\n\n3 months at\n\n\n\nSept. 30, 2016\n\n\n\n\n3 months at\n\n\n\nDec. 31, 2016\n\n\n\n\n6 months at\n\n\n\nDec. 31, 2016\n\n\n\n\nTonnes treated\n\n\n\n\n18,714\n\n\n\n\n30,738\n\n\n\n\n49,452\n\n\n\n\nTonnes broken in stope \n\n\n\n\n21,640\n\n\n\n\n18,842\n\n\n\n\n40,482\n\n\n\n\nExtracted Tonnes \n\n\n\n\n23,398\n\n\n\n\n22,507\n\n\n\n\n45,905\n\n\n\n\nGold ounces produced\n\n\n\n\n2 ,62 \n\n\n\n\n3,566\n\n\n\n\n5,928\n\n\n\n\nGold recovery\n\n\n\n\n96.1 %\n\n\n\n\n95.2 %\n\n\n\n\n95,7 %\n\n\n\n\nRevenus from the sale of gold, silver and others\n\n\n\n\n3,799,516 $\n\n\n\n203 $ / t\n\n\n\n\n6,185,233 $\n\n\n\n201 $ / t\n\n\n\n\n9,985,749 $\n\n\n\n202 $ / t\n\n\n\n\nPrice of gold sold, per once\n\n\n\n\n1,609 $CAN\n\n\n\n1,208 $US\n\n\n\n\n1,734 $CAN\n\n\n\n1,302 $US\n\n\n\n\n1,684 $CAN\n\n\n\n1,264 $US\n\n\n\n\nAverage cash costs ($ / ounce)\n\n\n\n\n2,769 $\n\n\n\n2,079 $US \n\n\n\n\n1,358 $\n\n\n\n1,020 $US \n\n\n\n\n1,676 $\n\n\n\n1,258 $US \n\n\n\n\nSustaining costs ($ / ounce)\n\n\n\n\n952 $\n\n\n\n715 $US\n\n\n\n\n196 $\n\n\n\n147 $US\n\n\n\n\n366 $\n\n\n\n275 $US\n\n\n\n\nAll-in sustaining costs ($ / ounce)\n\n\n\n\n3,721 $\n\n\n\n2,794 $US\n\n\n\n\n1,554 $\n\n\n\n1,167 $US\n\n\n\n\n2...

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