Business
Abcourt Mines Reports Excellent Results for the First Quarter Ended on September 30, 2018. Elder Mine Delivers a Net Profit of $970,982
(via TheNewswire) Rouyn-Noranda, Quebec, Canada / TheNewswire / December ...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt Mines Reports Excellent Results for the First Quarter Ended on September 30, 2018. Elder Mine Delivers a Net Profit of $970,982(via TheNewswire)\n\n \nRouyn-Noranda, Quebec, Canada / TheNewswire / December 7, 2018 - Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Company is reporting very good operating and financial results for the first quarter ended on September 30, 2018 compared to those of September 30, 2017. \n\n\n \nFirst quarter financial highlights\n\n \n\n Description\n\n\n\n\n3 months\n\n\n\nSept. 30, 2018\n\n\n\n$\n\n\n\n\n3 months\n\n\n\nSept. 30, 2017\n\n\n\n$\n\n\n\n\nSales of gold and silver\n\n\n\n\n5,319,433\n\n\n\n\n3,716,814\n\n\n\n\nCost of sales\n\n\n\n\n4,115,943\n\n\n\n\n3, 854,083\n\n\n\n\nGross Profit\n\n\n\n\n1,203,490\n\n\n\n\n(137,269)\n\n\n\n\nCharges\n\n\n\n\n124,541\n\n\n\n\n136,046\n\n\n\n\nOther income\n\n\n\n\n28,283\n\n\n\n\n13,496\n\n\n\n\nProfit (loss) before income taxes\n\n\n\n\n1, 107,232\n\n\n\n\n(259,819)\n\n\n\n\nIncome taxes and deferred taxes\n\n\n\n\n136,250\n\n\n\n\n14,000\n\n\n\n\nNet income (loss) and comprehensive income (loss)\n\n\n\n\n970,982\n\n\n\n\n(273,819)\n\n\n\n\nNet income (loss) per share\n\n\n\n\n0.00\n\n\n\n\n(0.00)\n\n\n\n \nProduction highlights for the first quarter terminated on September 30, 2018,\n\n\n \ncompared to the same quarter of 2017.\n\n \n\nDescription\n\n\n\n\n3 months\n\n\n\nSept. 30, 2018\n\n\n\n$\n\n\n\n\n3 months\n\n\n\nSept. 30, 2017\n\n\n\n$\n\n\n\n\n\n\n\n\nTonnes treated\n\n\n\n\n20,746\n\n\n\n\n19,932\n\n\n\n\nTonnes extracted\n\n\n\n\n19,932\n\n\n\n\n19,941\n\n\n\n\nGold ounces produced \n\n\n\n\n3,191\n\n\n\n\n2,284\n\n\n\n\nGold ounces sold\n\n\n\n\n3,347\n\n\n\n\n2,755\n\n\n\n\nGold recovery\n\n\n\n\n97.66%\n\n\n\n\n96,75%\n\n\n\n\nTotal gold jnventory\n\n\n\n\n1,667 ounces\n\n\n\n\n1,628 ounces\n\n\n\n\nCash production cost ($/ounce)\n\n\n\n\n1,114\n\n\n\n ($US 853)\n\n\n\n\n1,297 \n\n\n\n($US 1,039)\n\n\n\n\nAll inclusive production cost ($/ounce)\n\n\n\n\n1,378 \n\n\n\n($US 1,056)\n\n\n\n\n2,024 \n\n\n\n($US 1,621)\n\n\n\n \nComments:\n\n\n \nSubstantial improvements, increase of 43.1% in sales and reduction of 31.9% in all inclusive cost of production. \n\n \n\n\n\n\n- Tonnes treated\n\n\n\n\n\n\n\n\n- + 4 %\n\n\n\n\n\n\n\n\n- Gold ounces produced\n\n\n\n\n\n\n\n\n- ...