Business
Abcourt Makes a $1,417,794 Net Profit in the Third Quarter and $2,625,390 for the Nine-Month Period Ended on March 31, 2019
(via TheNewswire) Rouyn-Noranda, Quebec, Canada / TheNewswire / June 4, 2019 - ...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt Makes a $1,417,794 Net Profit in the Third Quarter and $2,625,390 for the Nine-Month Period Ended on March 31, 2019(via TheNewswire)\n \n \nRouyn-Noranda, Quebec, Canada / TheNewswire / June 4, 2019 - Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Mines Abcourt inc.) has filed, on May 30, 2019, its financial statements and the management's discussion and analysis for the quarter and the nine-month period ended on March 31, 2019. All amounts are in Canadian dollars unless otherwise indicated. \n\n \n \nHighlights :\n\n \n \n\n\n- In the third quarter, revenues of $ 5.74 M from the sale of 3,372 ounces of gold and other revenues of $ 0.23 M, mainly from assays done for clients. \n\n\n\n \n \n\n\n- Net profit of $ 1.42 M for the quarter and $ 2.62 M for the nine-months period ended on March 31, 2019. \n\n\n\n \n \n\n\n- Substantial increase in gold and silver inventory from $ 1.12 M on June 30, 2018 to $2.53 M on March 31, 2019. \n\n\n\n \n \n\n\n- $ 2.6 M reduction of past deficits.\n\n\n\n \n \n\n\n- New vein discovered on level 9 at Elder by the extension of a drift to the West.\n\n\n\n \n \n\n\n- A certificate of authorization received from Quebec Environment to treat custom ore from a new client.\n\n\n\n \n \nSee, on next page, a comparative table of results for the third quarter and the nine-month period ended on March 31, 2019 and 2018.\n\n \n \nComparative table of results for the third quarter and the nine-month period\n\n\n \nended on March 31, 2019 and 2018\n\n \n\nDescription\n\n\n\n\n3 months\n\n\n\nMarch 31-19\n\n\n\n\n9 months\n\n\n\nMarch 31-19\n\n\n\n\n3 months\n\n\n\nMarch 31-18\n\n\n\n\n9 months\n\n\n\nMarch 31-18\n\n\n\n\nTonnes treated\n\n\n\n\n26,154\n\n\n\n\n74,873\n\n\n\n\n34,525\n\n\n\n\n82,751\n\n\n\n\nTonnes extracted\n\n\n\n\n25,633\n\n\n\n\n75,881\n\n\n\n\n32,728\n\n\n\n\n82,009\n\n\n\n\nGold ounces sold\n\n\n\n\n3,322\n\n\n\n\n10,185\n\n\n\n\n3,765\n\n\n\n\n10,274\n\n\n\n\nGold ounces produced\n\n\n\n\n4,000\n\n\n\n\n11,109\n\n\n\n\n4,505\n\n\n\n\n10,779\n\n\n\n\nGold recovery\n\n\n\n\n96.19 %\n\n\n\n\n97.10 %\n\n\n\n\n96.76 %\n\n\n\n\n96.69%\n\n\n\n\nRevenues from the sale of gold and silver\n\n\n\n\n5,745,611 $\n\n\n\n\n17,110,953 $\n\n\n\n\n6,360,000 $\n\n\n\n\n16,949,947 $\n\n\n\n\nPrice of gold sold $/ounce\n\n\n\n\n1,730\n\n\n\n...