Abcourt Mines Inc. (V:ABI*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 475 avenue de l'Eglise
Tel: 1-514-7222276
IR: See website
Key People
Francois Mestrallet
Chairman of the Board
Pascal Hamelin
President, Chief Executive Officer, Director
Christine Lefebvre
Chief Financial Officer
Julie Godard
Company Secretary
Business Overview
Abcourt Mines Inc. is a Canada-based junior mining company. The Company is engaged in gold production and exploration activities. Its projects include Sleepy Giant, Elder mine and Tagami, Abcourt-Barvue, Discovery-Flordin, Vendome, Aldermac, Jonpol and other properties. The Sleepy Giant 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 (ha) and around 69 mining claims. The Elder mine and the Tagami property are situated 10 kilometers (km) Northwest of the mining community of Rouyn-Noranda in Quebec. The properties include approximately 36 contiguous claims. The Abcourt-Barvue property is situated at Barraute, approximately 60kms North the mining community of Val-d'Or, Quebec. It covers around 4,755 ha with across 103 claims. The Discovery project has over 166 claims covering approximately 4,166 ha.
Financial Overview
For the six months ended 31 December 2022, Abcourt Mines Inc revenues decreased 49% to C$6.8M. Net loss increased 39% to C$834K. Revenues reflect Mine site in production segment decrease of 47% to C$6.8M. Higher net loss reflects Corporates segment loss increase from C$532K to C$2.7M.
Reporting Currency: Canadian Dollars
Enterprise value: $18.66M as of Dec 31, 2022
Annual revenue (TTM): N/A
Net annual income (TTM): N/A
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $1.13M as of Dec 31, 2022
Shares outstanding: 348,814,131 as of Dec 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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