Absolutely Great News for Gold Stock Investor, Abcourt Mines Made a Whooping Almost $2 Million dollars of Gross Profit




October 30, 2020- Abcourt is pleased to report a Gross Profit of $1,940,767 and a Net Profit of $358,856 for Annual 2020.


Abcourt Mines Inc. reports its results today for the fourth quarter and financial year ended on June 30, 2020.
All amounts are in Canadian dollars unless otherwise indicated.

ABOUT ABCOURT MINES INC.


Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the exploitation of the Elder mine. In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Province of Quebec. The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resources estimate was filed on SEDAR in May 2019 Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated resources total 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services inc. The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in 2007 by Roche / Genivar. An update was completed in January 2019 by PRB Mining Services Inc. A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by underground operation. Inferred resources total 2.07M tonnes with a grade of 114.16g/t of silver and 2.89% zinc. To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com. This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse has approved the scientific and technical disclosure in this press release.



Highlights:


•Revenues of $24 057 233 for fiscal 2020.


• Gross profit of $ 1 940 767. Net profit of $358,856


• Adjusted net profit of $4,259,151


• Costs of sales reduced by $3,1M or 12.4 %


• Gold inventory of $2,544,974, that is 1,400 ounces


• Cash cost of $1,636 Can/oz, $US 1,228 /oz of gold


• Ounces produced 12,180, sold 11,640


• All-inclusive cost of $1,950 /oz


• Net profit of fourth quarter $ 431 498


• 6 000 Tonnes of broken muck in stopes with an investment value of about $800,000.


• The Company has no long-term debt. It finances itself with its operating revenues.




Recent developments:


• Drifting on 4Th, 10Th and 11Th levels at Elder mine to open new ore zones.



• Rehabilitation work being done in shafts and drifts at Sleeping Giant mine to develop new or zones on upper levels.


• $448,815 raised by the exercise of the 2019 warrants.


• Two explosive permits received for our Sleeping Giant project

So here's another reason why Abcourt Mines Inc. is a good stock investment last year 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. Here's the report about it.
Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AMLFF) (“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.
Highlights :


▪ 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.


▪ Net profit of $ 1.42 M for the quarter and $ 2.62 M for the nine-months period ended on
March 31, 2019.


▪ Substantial increase in gold and silver inventory from $ 1.12 M on June 30, 2018 to $2.53 M
on March 31, 2019.


▪ $ 2.6 M reduction of past deficits.


▪ New vein discovered on level 9 at Elder by the extension of a drift to the West.


▪ A certificate.
I'll also provide a table below so you can see how much potential Abcourt mines have and
Here you can see on the next page a comparative table of results for the third quarter and the nine-month
period ended on March 31, 2019 and 2018


 Description               3 months           9 months            3 months                  9 months                       
                                   March 31-19     March 31-19      March 31-18           March 31-18
Tonnes treated-            26,154              74,873                 34,525                    82,751
Tonnes extracted          25,633              75,881                  32,728                   82,009
Gold ounces sold            3,322              10,185                   3,765                    10,274


Gold ounces produced    4,000               11,109                   4,505                    10,779


Gold recovery               96.19%            97.10%                  96.76%                  96.69%


Revenues from the
sale of gold and silver   $5,745,611    $17,110,953        $6,360,000           $16,949,947


Price of gold sold         
$/ounce                        1,730                   1,680                        1,689                    1,650
US$/ounce                   1,309                   1,272                       1,334                     1,303


Total cash costs
per ounce of gold
produced                       
$/ounce                          1,105                1,246                       1,293                1,353


US$/ounce                      837                   943                         1,021                1,069


All-in sustaining costs
 per ounce of gold
produced                     
$/ounce                         1,362                1,498                       1,590                1,656


                                 
 US$/ounce                   1,031                 1,134                        1,256                1,308


Gold and silver stock
ready to be sold         $680,563             $680,563                 $50,110                $50,110


Gold and silver
inventory in circuit      $2,184,521          $2,184,521            $2,149,954           $2,149,954


Gold and silver
 inventory                  $2,865,084           $2,865,084           $2,200,064           $2,200,064


Net profit (loss)
 after taxes                $1,417,794           $2,625,390           $752,208             $1,263,137


Mining tax                  $123, 000             $330,000             $65,118               $140,118


Deferred taxes           $(9,400)                $(154,900)          $(13,750)             $(49,363)


Cash flow from
operations                $(356,818)            $2,218,426          $786,798             $4,406,194


Cash at the end        $1,637,377            $1,637,377          $2,681,181          $2,681,181


end of table.


Comments:
Despite a few interruptions with a power shut down and some mechanical failures, the Elder mine remains profitable.
See below:


• Tonnes treated                                                             • decrease of 24 % for the third quarter
                                                                                    • decrease of 10 % for the 9-month period


• Gold ounces produced                                                • decrease of 11 % for the third quarter                                                   
                                                                                      • increase of 3 % for the 9-month period


• Proceeds form sale of gold and silver                     • decrease of 10 % for the third quarter
                                                                                • increase of 1 % for the 9-month period


• Total cash costs per ounce of gold produced            • decrease of 15 % for the third quarter
                                                                               • decrease of 8 % for the 9-month period


• All-in sustaining costs per ounce of gold               • decrease of 14 % for the third quarter
produced                                                               • decrease of 9 % for the 9-month period
                                                                         
• Net profit after taxes                                           • increase of 88 % for the third quarter
                                                                            • increase of 108 % for the 9-month period


• Cash flow at the end of the period                        • decrease of 39 %


So abcourt strategy now and outlook
Currently, the Company is focussing on stabilizing and increasing the Elder production. Our
objective is to produce 12,500 tonnes per month of gold mineralization.
We wish to use the full capacity of the Sleeping Giant mill by treating custom ore, to reduce the
operating cost per tonne treated. Discussions are currently taking place with potential clients.
For the long-term, in the gold sector, the Company had a drilling program, in the Fall of 2018, on
the Discovery and Flordin gold properties where substantial gold mineralization is found.


ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically
located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018)
and a positive P.E.A. study (2012). Abcourt is focusing on the exploitation of the Elder mine.
The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in
2007 by Roche / Genivar. An update was completed in January 2019.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was recently
filed.

Abcourt Mines Inc. is a junior mining company with excellent operating potential for gold, silver and zinc. Among its many assets all located in Abitibi, Quebec, it has an operating gold mine advantageously located in the mining community of Rouyn-Noranda, a processing plant with a capacity of 750 tonnes / day, an advanced project for zinc and silver mining and a large portfolio of exploration properties



 Imagine buying 1,335,960 common shares at a price of $0.13 per share and 1,744,000 common shares at a price of $0.16 per share. It’s an extremely good bargain since Abcourt mines is also and emerging junior gold producer which has a target of
Producing at their Elder Mine: 18,00 to 20,000 ounces/year and with their Sleeping   Giant mine: 18,000 to 22,000 ounces/year. That’s like producing 36,000 to 42,000 ouncer/year and I’m sure once they reach that target their stock price will become so expensive.


Moreover they’re gonna use it to drill the Flordin property which consists of 25 cells covering 976 hectares (5.9 km2 ).100% owned by Abcourt.  In 2011, the project was re-assessed by Cadiscor Resources Inc. with an open pit plan. Again, the Company is prohibited to publish these results.
During the 2018 fall, Abcourt completed a drilling campaign on the Discovery and Flordin properties (respectively 12 holes for 2,742 meters and 5 holes for 921 meters.  The main results of these drilled are provided in the


The best results are as follows:


 Hole No.                        From                   To             (m)                         Au(g/t)
FL18-253                      123.00             126.15           3.15                        1.95               
 FL18-254                       38.25               40.35           2.10                         6.49                                   
 "                                   47.70                51.20           3.50                       22.63                                 
 FL18-255                       81.00                82.00           1.00                        2.94         














Hole FL18-254 was aimed at finding an extension along dip of a gold value of 103.7 g/t Au over 1.0 meter in hole FL11-251. The latter is located between the Flordin zone and the Cartwright showing where NAP Quebec drilled short holes on several sections, 50 meters apart. True width is about 70% of core length. The FL18-254 hole intersected two gold zones. The first one, from 38.25 to 40.35 meters is located in the bottom part of a sheared basalt associated with a silicified and hematized zone that may contain up to 3% pyrite. The second zone, from 47.7 to 51.2 meters, is also located in the sheared basalt, with ankerite-hematite alteration and 8% of disseminated fine pyrite. This sector is the most promising of the 2018 drilling by Abcourt. The high grade found in hole FL18-254, that is 6.49 g/t Au over 2.1 meters and 22.63 g/t Au over 3.50 meters, confirm the excellent results given by hole FL11-251, that is 7.98 g/t Au over 2.10 meters and 103.10 g/t Au over 1.0 meter drilled in 2011. Even if these values are not connected, this sector indicates a good potential for several reasons:


1) Results in hole FL18-254 are the most encouraging found since 2011 on the Flordin property;
2) The pyrite mineralization is found in a strongly altered zone with ankerite and hematite;
3) The Gold enrichment zone is not associated with quartz-carbonate veinlets in the basalt shear zone. The latter is sometimes magnetic;
4) The structure is open laterally and at depth.


And also great news because finally Abcourt has received permits for Sleeping Giant mine. They just recently resumed mining the Sleeping Giant mine and it’s a good start to receive explosive permits because we all know that the Sleeping Giant mine has a capacity to treat 700 to 750 tonnes per day. Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated resources total 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services Inc.
 
So imagine buying a stock for a mining company that has a lot of potential.

Abcourt Mines Inc. Good stock for investment
Are you a new stock trader or a veteran one right now, I've got good news. I found a potential stock that's good for long term investment.
So Abcourt Mines Inc is a junior mining company with excellent operating potential for gold, silver and zinc. Among its many assets all located in Abitibi, Quebec, it has an operating gold mine advantageously located in the mining community of Rouyn-Noranda, a processing plant with a capacity of 750 tonnes / day, an advanced project for zinc and silver mining and a large portfolio of exploration properties.So recent news about Abcourt is, Abcourt Mines Shareholders Have Enjoyed A Whopping 529% Share Price Gain. It's 529% higher than it was five years ago. If that doesn't get you thinking about long term investing, I don't know what will. So right now The Price of Stock of Abcourt is still low but I don't know about the future.
Abcourt Mines Inc. stock price right now:
CVE: ABI  0.23 CAD +0.010 (4.55%)


The focus of Abcourt right now is the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Province of Quebec. The mill has a capacity to treat 700 to 750 tonnes per day. Measured mineral resources total10,900 tonnes with a grade of 12.20 g/t of gold and indicated resources total 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold.A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services Inc.The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in 2007 by Roche / Genivar. An update was completed in July 2019 by PRB Mining Services Inc. A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by underground operations. Inferred resources total 2.07M tonnes with a grade of 114.16 g/t of silver and 2.89% zinc.
To know more about Abcourt Mines Inc. (TSXV: ABI), you can visit their web site at www.abcourt.com.This is the sample picture of GOLD in Sleeping Giant mine. It's literally a big investment.