Abcourt Mines Reports Excellent Results for the Fourth Quarter and Annual Financial Period 2018; Elder Mine Delivers a Net Profit of $1.4M in the Fourth Quarter

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[{"type":"text","content":"Abcourt Mines Reports Excellent Results for the Fourth Quarter and Annual Financial Period 2018; Elder Mine Delivers a Net Profit of $1.4M in the Fourth Quarter(via TheNewswire)\n \n \nRouyn-Noranda, Quebec, Canada / TheNewswire / November 6, 2018 - Abcourt 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 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\n\n\n\n\n24,041\n\n\n\n\n114,475\n\n\n\n\n97,425\n\n\n\n\nGold ounces sold\n\n\n\n\n5,409\n\n\n\n\n4,779\n\n\n\n\n15,683\n\n\n\n\n13,322\n\n\n\n\nGold ounces produced\n\n\n\n\n4,601\n\n\n\n\n3,774\n\n\n\n\n15,380\n\n\n\n\n13,405\n\n\n\n\nGold recovery\n\n\n\n\n97.10 %\n\n\n\n\n97.58 %\n\n\n\n\n96.90 %\n\n\n\n\n95.70 %\n\n\n\n\nRevenues from the sale of gold and silver\n\n\n\n\n9,094,173 $\n\n\n\n\n8,013,483\n\n\n\n\n26,044,120 $\n\n\n\n\n22,251,954 $\n\n\n\n\nPrice of gold sold ($/ounce)\n\n\n\n\n1,681\n\n\n\n\n1,677\n\n\n\n\n1,661\n\n\n\n\n1,650\n\n\n\n\nUS$\n\n\n\n\n1,288\n\n\n\n\n1,262\n\n\n\n\n1,311\n\n\n\n\n1,249\n\n\n\n\nAverage cash production cost ($/ounce)\n\n\n\n\n1,264\n\n\n\n\n1,385\n\n\n\n\n1,322\n\n\n\n\n1,513\n\n\n\n\nUS$\n\n\n\n\n968\n\n\n\n\n1,043\n\n\n\n\n1,044\n\n\n\n\n1,145\n\n\n\n\nCost needed to maintain production \n\n\n\n($/ounce)\n\n\n\n\n124\n\n\n\n\n88\n\n\n\n\n241\n\n\n\n\n300\n\n\n\n\nUS$\n\n\n\n\n95\n\n\n\n\n66\n\n\n\n\n190\n\n\n\n\n227\n\n\n\n\nAll inclusive cost of production ($/ounce)\n\n\n\n\n1,388\n\n\n\n\n1,473\n\n\n\n\n1,563\n\n\n\n\n1,813\n\n\n\n\nUS$\n\n\n\n\n1,064\n\n\n\n\n1,109\n\n\n\n\n1,253\n\n\n\n\n1,372\n\n\n\n\nGold and silver stock ready to be sold\n\n\n\n\n60,900 $\n\n\n\n\n32,652 $\n\n\n\n\n60,900 $\n\n\n\n\n32,652 $\n\n\n\n\nGold and silver inventory in circuit\n\n\n\n\n1,064,870 $\n\n\n\n\n1,497,364 $\n\n\n\n\n1,064,870 $\n\n\n\n\n1,497,364 $\n\n\n\n\nTotal Inventory\n\n\n\n\n1,125,770 $\n\n\n\n\n1,530,016 $\n\n\n\n\...

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