Abcourt Mines Inc. (V:ABI*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 475 avenue de l'Eglise ROUYN-NORANDA QC J0Z 1Y1 |
| Tel: | 1-514-7222276 |
| Website: | www.abcourt.com |
| 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 six months ended 31 December 2023, Abcourt Mines Inc revenues decreased 96% to C$255K. Net loss increased from C$834K to C$5.8M. Revenues reflect Mine site in production segment decrease from C$6.8M to C$0K. Higher net loss reflects Mine site in production segment income decrease of 92% to C$157K. Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $24.37M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.46M as of Dec 31, 2023 |
| EBITDA (TTM): | -$9.73M as of Dec 31, 2023 |
| Net annual income (TTM): | -$10.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.45M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.32M as of Dec 31, 2023 |
| Shares outstanding: | 523,503,447 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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