Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Production / Operations Routine +

Sleeping Giant Mine Activity Report

Abcourt’s ramp-up accelerates with negligible volumes versus PEA targets, extending cash runway while going concern risks persist.

By The Northwire Desk — AI Analysis Sep 23, 2026 · 07:00 ABI · 0.075 Abcourt Mines Inc.
Executive Summary

Abcourt Mines Inc. (ABI) reported August 2026 operational results for its Sleeping Giant gold mine, highlighting a significant ramp-up in production and processing capabilities. Gold output reached 344 ounces, marking a 91% month-over-month increase from the 180 ounces produced in July 2026. This surge was supported by a rise in mill processing volume to 6,209 tonnes, up 31.1% from the 4,736 tonnes processed in July. The average head grade also improved to 1.94 g/t Au, compared to 1.36 g/t in the previous month, while the mill recovery rate increased to 88.9% from 86.8%.

Underground operations expanded with a workforce of 149 employees. The company is recruiting a second mill shift team to enable 24/7 operations on a 4-3 schedule by October, a move targeting the processing of up to 12,800 tonnes of ore per month. Underground development progressed across multiple sectors, including 295-DAC5, 235-Zone 20, 235-Zone 3, 355-Zone 3N, and 235-Zone 4_5.

Exploration activities included 25 holes totaling 3,064 meters. From this work, 2,427 core samples were shipped and 3,876 assay results were integrated. Management confirmed that no major short-term capital expenditures are required, prioritizing production rate increases instead. CEO Pascal Hamelin emphasized the strategy of building operational critical mass for day-and-night operations to maximize volumes.

Material Impact

Abcourt Mines Inc. (ABI) reported a 91% month-over-month increase in production, a figure that confirms operational acceleration and validates the transition to long-hole stoping. Despite this growth, absolute volumes of 344 ounces remain a fraction of the Preliminary Economic Assessment (PEA) target of approximately 2,500 ounces per month.

The market has already priced in the Glencore financing and the ramp-up narrative, with the share price holding at $0.07, near its 52-week low.

ABI · Price
Company Overview

Abcourt Mines Inc. (ABI) operates the Sleeping Giant mine, a 100% owned producing gold asset in Quebec that is transitioning from room-and-pillar to long-hole stoping methods, with a mill capacity of 800-950 tpd. The company also holds a 100% interest in the Flordin exploration and development property, where a 20,000-meter drilling campaign is currently underway. Additionally, Abcourt owns the Discovery property, which contains significant measured and indicated resources, and holds a 51% interest in the Cameron Shear joint venture. The company’s portfolio includes the 100% owned historic silver-zinc VMS property, Abcourt-Barvue, where a 2,000-meter drilling campaign has been launched to test for deep extensions. All assets are located in Quebec, Canada, a Tier 1 mining jurisdiction characterized by strong provincial support and 100% renewable energy power.

Read the original news release →

More from Abcourt Mines Inc.

Sep 17, 2026 · 08:00

Abcourt upsizes debt to $40m and insiders lock up 32% of the float to secure the facility.

Financings Sep 02, 2026 · 10:08

Glencore upsized facility closes on schedule, locking first-rank security and funding ramp-up

Financings Aug 25, 2026 · 07:00

Abcourt’s July production miss and recovery drop highlight long-hole transition friction, while inventory cleanup masks underlying weakness.

Production / Operations Aug 06, 2026 · 08:05

Abcourt’s debt restructuring secures time while dilution and declining grades pressure near-term margins at its operations.

Financings Jul 16, 2026 · 07:00

Abcourt ramp-up tonnage beat expectations, but grade collapse and ounce miss reflect transitional long-hole stoping with cash runway intact despite margin pressure.

Production / Operations Jul 08, 2026 · 07:00

Abcourt’s 0.5 g/t over 153 m at Flaunder highlights bulk-tonnage potential despite lacking the grade punch to fully derisk the deposit.

Drill Results