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Abcourt Mines Inc. are a gold focused junior, small producer with one producing mine in Canada, one mine in development in Canada and four exploration properties. Currently they produce roughly 15koz. of gold per year. They have approximately 0.8Moz. of gold in the reserves and resources category of which 0.4Moz. are in the measured and indicated category. They have a market capitalisation of ~C$15.6M which is a fall of roughly 22% over the last nine months. As of 06/30/2017 they have no debt and ~C$1.04M cash. They have 277M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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No company presentation on their web site for the past five years. Two small late stage projects (gold and silver).
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
Stock Price USA 12 Months Ago ($)
Stock Price Change Last 12 Months (%)
Stock Price USA 5-Year High ($) (including date)
$1.29 - 4/3/2006
Stock Price USA 5-Year Low ($) (including date)
2 Cents - 10/9/2015
No company presentation on their web page for the past 5 years. Poor website.
Local Issues (wag)
Excellent infrastructure. Elder is a past producer with most of the equipment in place.
Country of Incorporation
The Elder property has the potential to expand to 1 million oz. It is currently at 350,000 oz resource (6 gpt). This is a past producing mine with all of the infrastructure in place.
Three properties in Quebec, all with reserves.
Shareholder Friendly (wag)
Highly diluted. Diluted twice in 2016 and raised $4 million.
Ore Grade (wag)
High grade 6 gpt gold project
4/17/2017: Increased rating from 2.5 to 3 because they are now in production.
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