Abcourt Reports its Results for the Fourth Quarter and Year Ended June 30, 2026
Key Highlights
- ➤2026 revenue $16.6 million versus nil in 2025
- ➤2026 net loss widened to $28.1 million from $14.4 million
- ➤2026 working capital increased to $7.5 million from $3.0 million
- ➤Sleeping Giant property entered development phase during fiscal 2026
- ➤Glencore AG financing agreement concluded during fiscal year
Expert Statements
Pascal Hamelin, President and CEO of Abcourt Mines Inc.
“Fiscal year 2026 was a significant year in terms of achievements at the Sleeping Giant property. Following the financing completed with Nebari on July 3, 2025, the Sleeping Giant property has moved into development mode. With preparations for production having begun in August 2025, the Company is gradually continuing the development of the property.”
ROUYN-NORANDA, Quebec, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB : ABMBF) reported its results for the fourth quarter and year ended June 30, 2026. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+.
(In dollars)Three months ended June 30Years ended June 30 2026202520262025 Revenues3,869,969–16,636,672– Costs of sales18,155,825–42,387,818– Tax credit resources(2,949,561)–(6,013,329)– Loss from mining operations(11,336,295)–(19,737,817)– Administration expenses726,6791,157,6944,373,4093,657,276 Care and maintenance expenses31,802606,511353,1183,350,461 Exploration expenses1,047,4683,164,2882,590,0128,322,676 Finance costs2,246,994110,3895,856,242(50,954) Deferred income and mining taxes(3,421,369)(338,673)(4,052,210)(1,611,673) Net loss and comprehensive loss(11,732,575)(4,664,039)(28,103,267)(14,421,015) Net loss per share, basic and diluted(0.01)(0.00)(0.03)(0.02)
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