Business
ABCOURT MINES REPORTS EXCELLENT RESULTS FOR THE FOURTH QUARTER AND ANNUAL FINANCIAL PERIOD 2018 - ELDER MINE DELIVERS A NET PROFIT OF $1.4 M FOR THE 12-MONTH PERIOD ENDED ON JUNE 30, 2018
(via TheNewswire) _______________________________________________________ Rouyn-Nora...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"ABCOURT MINES REPORTS EXCELLENT RESULTS FOR THE FOURTH QUARTER AND ANNUAL FINANCIAL PERIOD 2018 - ELDER MINE DELIVERS A NET PROFIT OF $1.4 M FOR THE 12-MONTH PERIOD ENDED ON JUNE 30, 2018(via TheNewswire)\n\n \n_______________________________________________________\n\n \n\nThis press release replaces the November 6 release. A correction was made to the title and the highlight table was re-arranged to avoid any confusion.\n\n\n \n \nRouyn-Noranda, Quebec / TheNewswire / Canada, November 13, 2018\n\n \n \nAbcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Company is reporting operating and financial results for the fourth quarters and the annual periods ended on June 30, 2018 and June 30, 2017 with very good results. \n\n \n \nFourth quarter and annual financial highlights\n\n \n\nDescription\n\n\n\n\n3 months\n\n\n\nJune 30, 2018\n\n\n\n$\n\n\n\n\n3 months\n\n\n\nJune 30, 2017\n\n\n\n$\n\n\n\n\n12 months\n\n\n\nJune 30, 2018\n\n\n\n$\n\n\n\n\n12 months\n\n\n\nJune 30, 2017\n\n\n\n$\n\n\n\n\nSales of gold and silver\n\n\n\n\n9,094,173\n\n\n\n\n8,013,482\n\n\n\n\n26,044,120\n\n\n\n\n22,251,954\n\n\n\n\nCost of sales\n\n\n\n\n7,413,533\n\n\n\n\n6,883,118\n\n\n\n\n23,495,336\n\n\n\n\n21,523,330\n\n\n\n\nGross Profit\n\n\n\n\n1,680,640\n\n\n\n\n1,130,364\n\n\n\n\n3,548,784\n\n\n\n\n728,624\n\n\n\n\nCharges\n\n\n\n\n297,423\n\n\n\n\n(2,743)\n\n\n\n\n(835,445)\n\n\n\n\n(1,508,853)\n\n\n\n\nOther income\n\n\n\n\n13,986\n\n\n\n\n4,283\n\n\n\n\n37,756\n\n\n\n\n43,785\n\n\n\n\nProfit (loss) before income taxes\n\n\n\n\n1,397,203\n\n\n\n\n1,137,390\n\n\n\n\n2,751,095\n\n\n\n\n(736,444)\n\n\n\n\nIncome taxes and deferred taxes\n\n\n\n\n1,244,732\n\n\n\n\n97,998\n\n\n\n\n1,335,487\n\n\n\n\n170,042\n\n\n\n\nNet income (loss) and comprehensive income (loss)\n\n\n \n\n152,471\n\n\n \n\n1,039,392\n\n\n\n\n1,415,608\n\n\n\n\n(906,486)\n\n\n\n\nNet income (loss) per share\n\n\n \n\n0.00\n\n\n \n\n0.00\n\n\n\n\n0.01\n\n\n \n\n(0.00)\n\n\n \n \nFourth quarter and annual production highlights\n\n \n\nDescription\n\n\n\n\n3 months\n\n\n\nJune 30, 2018\n\n\n\n\n3 months\n\n\n\nJune 30, 2017\n\n\n\n\n12 months\n\n\n\nJune 30, 2018\n\n\n\n\n12 months\n\n\n\nJune 30, 2017\n\n\n\n\nTonnes treated\n\n\n\n\n30,647\n\n\n\n\n23,277\n\n\n\n\n113,398\n\n\n\n\n98,153\n\n\n\n\nTonnes extracted\n\n\n\n\n32,466...