Business
$ 6.8 M Sale of Gold for the 4th Quarter and $ 27.8 M for the 12 Month Period Ended on June 30, 2021
(TheNewswire) _______________________________________________________________...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"$ 6.8 M Sale of Gold for the 4th Quarter and $ 27.8 M for the 12 Month Period Ended on June 30, 2021\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n _________________________________________________________________\n \n \n \n \n Rouyn-Noranda,\n \n \n Québec,\n \n \n Canada –\n \n \n TheNewswire\n-\n \n \n July 26, 2021 -\n \n \n Abcourt Mines Inc. (TSXV:ABI\n \n \n )\n \n \n ,\n \n \n (OTC:ABMBF),\n \n \n (\n \n \n Berlin:AML-BE\n \n \n )\n \n \n and\n \n \n (\n \n \n Frankfurt Stock\nExchanges:AML-FF)\n \n \n (“\n \n \n Abcourt\n \n \n ” or\nthe\n \n \n “\n \n \n Corporation\n \n \n ”\n \n \n ), Abcourt Mines reports sales of gold of $\n6.8 M for the 4\n \n \n th\n \n \n quarter\nended on June 30, 2021\n \n \n . These sales are 42%\nhigher than those of the previous quarter at $ 4.8 M and 17% higher\nthan those of the same quarter of the previous year at $ 5.8 M.\n \n \n \n \n For the 12-month period ended on June 30, 2021, the\nsales of gold totaled $ 27.8 M, that is 16% more than in the previous\nyear at $ 24.0 M. The sales for the 12-month period ended June 30,\n2021 are the best to date, despite a temporary closure of five weeks\ndue to a failure of the Elder hoist. These figures have not been\nexamined nor validated by our external auditors. Additional financial\ninformation will be provided after the audit.\n \n \n \n \n ABOUT ABCOURT MINES INC.\n \n \n \n \n Abcourt Mines Inc. is a gold producer and a Canadian\nexploration company with strategically located properties in\nnorthwestern Quebec, Canada. The Elder property has gold resources\n(2018).  Abcourt is currently focusing on the exploitation of the\nElder mine and on the development of the Sleeping Giant mine.\n \n \n \n \n In 2016, Abcourt acquired the Sleeping Giant mine and\nmill, located half-way between Amos and Matagami, in Abitibi, Quebec,\nin the territory covered by the Plan Nord of the Quebec government.\n The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101\nresource estimate and feasibility study with reserves were recently\ncompleted by PRB Mining Services Inc.  Proven mineral resources total\n10,900 tonnes with a grade of 12.20 g/t of gold and probable reserves\ntotal 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred\nresources are in 93,100 tonnes with a grade of 11.85 g/t o...