Abcourt Mines Inc. (V:ABI*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 475 avenue de l'Eglise
Tel: 1-514-7222276
IR: See website
Key People
Loic Bureau
Chairman of the Board
Pascal Hamelin
President, Chief Executive Officer, Director
Christine Lefebvre
Chief Financial Officer
Business Overview
Abcourt Mines Inc. is a Canada-based junior mining company. The Company is engaged in gold producer and exploration company with strategically located properties in northwestern Quebec, Canada. Its projects include The Sleeping Giant Mine, Discovery Properties, Flordin Property, The Elder Mine and The Tagami Property, Abcourt-Barvue Project, Vendome Property, Aldermac Property, Jonpol Property and Other Properties. The Sleeping Giant Mine property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximatively 458 hectares and 69 mining claims. The Discovery project has 166 claims with a total area of 4,166 hectares. The property is located about 30 km to the north-west of Lebel-sur-Quevillon, Quebec. The Flordin property is located approximately 25 km to the north of Lebel-sur-Quevillon, Quebec. It consists of 25 cells covering 976 hectares.
Financial Overview
For the nine months ended 31 March 2023, Abcourt Mines Inc revenues decreased 33% to C$13M. Net income totaled C$1.3M vs. loss of C$3.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Mine site in production segment income totaling C$4.9M vs. loss of C$1.2M.
Reporting Currency: Canadian Dollars
Enterprise value: $29.16M as of Mar 31, 2023
Annual revenue (TTM): N/A
Net annual income (TTM): N/A
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 494,778,759 as of Dec 19, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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