Interview with Pascal Hamelin, President & CEO of Abcourt Mines Inc.

Our previous interview: https://www.cruxinvestor.com/posts/abcourt-mines-abi-low-capex-start-up-options-at-historic-gold-mine-3226

Recording date: 29th November 2023

Reawakening High-Grade Giant: Abcourt Positioned to Unlock Quebec Gold Mine’s Potential

Abcourt Mines has spent 2022 quietly turning around its permitted Sleeping Giant gold mine complex. With infrastructure now prepared, new CEO Pascal Hamelin sees underground mining commencing imminently to generate profits funding expansions. The aim is to resuscitate the high-grade asset to become a cornerstone of growth.

Fully constructed mill circuits and existing underground access remove obstacles to near term production after years of instability. An extensive cleanup even recovered over $1 million of residual gold grading up to 60 grams per ton from the dormant equipment.

Hamelin estimates Sleeping Giant can achieve commercial scale of 750 tons per day within 18 months. But the initial phase starting now will ramp up cautiously from 1,000 tons a week. As mining progresses, cash flows will support cost-effective exploration of satellite deposits, extending mine life beyond the current 5-7 years.

This nimble “proof is in the pudding” approach relies on consistent execution, not bold projections. While Sleeping Giant lacks scale, its gold grades over 5 grams per ton insulate against inflation. By delivering within modest plans, Abcourt can organically augment resources and production to regain market confidence.

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View Abcourt Mines' company profile: https://www.cruxinvestor.com/companies/abcourt-mines-inc

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