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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Production / Operations

Abcourt Presents Operations Update for December 2025 in the Development of the Sleeping Giant Mine

Production Surge at Sleeping Giant Meets Looming Glencore Lifeline

By The Northwire Desk — AI Analysis Jan 20, 2026 · 07:00 ABI · 0.115 Abcourt Mines Inc.
Executive Summary

The news release dated January 20, 2026, provides an operational update for December 2025 at the Sleeping Giant Mine. Key performance indicators (KPIs) show significant production growth, with 1,711 ounces of gold produced during the month, a massive jump from the 298 ounces reported in November. The mill processed 9,163 tonnes at an average head grade of 6.1 g/t gold with a 95.7% recovery rate. Despite a holiday pause for the mill, underground development continued with 11,039 meters of diamond drilling and 361 meters of new development. Crucially, management confirmed they are on track to close the first tranche of a USD $30 million investment from Glencore by the end of January 2026.

Material Impact

The impact is Material - Positive for three specific reasons: - Production Ramp-up: December production of 1,711 ounces represents a five-fold increase over November figures, suggesting the mine is successfully exiting the "filling the circuit" phase and entering a more stable production rhythm. - Grade Consistency: The mill head grade of 6.1 g/t remains in line with previous months (Oct: 6.0 g/t, Nov: 7.2 g/t), validating the resource model as the mine scales. - Financial De-risking: The pending USD $30 million Glencore deal is a critical catalyst. As of September 30, 2025, the company was in a precarious financial position with only $594,357 in cash and over $8.9 million in accounts payable. The Glencore facility is intended to replace higher-cost debt (specifically the Nebari loan which carries a SOFR + 12% interest rate) and provide much-needed working capital.

ABI · Price
Company Overview

Abcourt Mines Inc. is a gold producer and explorer based in Quebec, Canada. Its flagship project is the Sleeping Giant Mine and Mill, located in the Abitibi greenstone belt. The project has a historical production record of over 1.1 million ounces of gold. After several years of care and maintenance, Abcourt restarted operations in mid-2025. The company also holds the Flordin exploration project, which has shown promising high-grade results near surface (e.g., 3.5 g/t over 27.5m).

Read the original news release →

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Production / Operations