Abcourt Mines Reports 16% Increase in Gold Sales for Fiscal Year 2021
Abcourt Mines reported $6.8 million in gold sales for the fourth quarter and $27.8 million for the fiscal year ended June 30, 2021. This represents a 16% year-over-year increase.
Abcourt Mines Inc. announced gold sales of $6.8 million for the fourth quarter ended June 30, 2021. This figure represents a 42% increase from the previous quarter and a 17% increase compared to the same quarter in the prior year.
For the full twelve-month period ending June 30, 2021, Abcourt Mines generated $27.8 million in gold sales, an increase of 16% from the $24.0 million reported the previous year. The company stated these sales represent the best results to date, despite a five-week temporary closure due to a failure in the Elder mine's hoist.
The company's operations are currently focused on the exploitation of the Elder mine and the development of the Sleeping Giant mine in northwestern Quebec. Abcourt acquired the Sleeping Giant mine and its mill, which has a capacity of 700 to 750 tonnes per day, in 2016.
These financial figures have not yet been audited or validated by external auditors. Additional financial information will be provided following the audit process.