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Last $0.03 USD
Change Today +0.002 / 6.45%
Volume 30.0K
ABCFF On Other Exchanges
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

abacus mining & exploration (ABCFF) Snapshot

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05/12/15 - $0.08
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abacus mining & exploration (ABCFF) Details

Abacus Mining & Exploration Corporation, an exploration stage company, acquires, explores for, and develops mineral properties in Canada. It holds a 20% interest in the Ajax copper-gold project located near Kamloops, British Columbia. The company was founded in 1983 and is based in Vancouver, Canada.

abacus mining & exploration (ABCFF) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$16.0K
Compensation as of Fiscal Year 2014.

abacus mining & exploration (ABCFF) Key Developments

Abacus Mining & Exploration Corporation, Annual General Meeting, Aug 06, 2015

Abacus Mining & Exploration Corporation, Annual General Meeting, Aug 06, 2015. Location: Room 2801, 2800 Park Place.

Abacus Mining & Exploration Corporation Auditor Raises 'Going Concern' Doubt

Abacus Mining & Exploration Corporation filed its Annual on Apr 22, 2015 for the period ending Dec 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Abacus Mining & Exploration Corporation Provides Overview of 2015 Program at Ajax Copper-Gold Project in Kamloops, BC

Abacus Mining & Exploration Corporation provided an overview of the 2015 work program as approved by the board of KGHM Ajax Mining Inc. on the feasibility stage Ajax copper-gold project located near Kamloops, BC. The Ajax project is 100% owned by KGHM Ajax Mining Inc. The significant 2015 work program purposes to complete by the end of the year the majority of technical studies necessary to make a production decision, while continuing the success of the 2014 program in the areas of various permitting activities and stakeholder engagement. The major technical effort during 2015 will include the commencement and completion of basic engineering, completion of various optimization trade-off studies and continued drilling to confirm and improve the block model, obtain samples for additional metallurgical test work along with ongoing condemnation and geotechnical drilling. Capital cost estimates and a revised economic model will be completed by year end. Abacus has elected to contribute its proportionate share of the estimated 2015 capital expenditure of CAD 58.4 million the majority of which, pursuant to the Joint Venture Agreement between the parties, will be provided by KGHM on behalf of Abacus as a loan that will be recovered from Abacus' share of revenue once production commences from Ajax. Accordingly, commencing with the April cash call, KGHM Group has been requested to provide Abacus' portion of the project expenditures for the remainder of the year. The Ajax Project is a proposed open-pit mine with an estimated approximate 23-year mine life expected to yield approximately 109 million pounds of copper and 99,000 ounces of gold annually. Total proven and probable mineral reserves are estimated at 3 billion lbs Cu and 2.7 million ozs Au at 0.27% Cu and 0.17 g/t Au based on CAD 2.50 Cu and CAD 1,085 Au.


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