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Abcourt Mines ( (TSE:ABI) ) just unveiled an update.
Abcourt Mines reported steady progress in underground development and rehabilitation at its Sleeping Giant mine in Quebec during the quarter and month ended December 2025, despite a holiday-related pause at the ore processing plant from December 22 to January 5. The company advanced stope development, continued recruitment, and achieved year-to-date metrics of 11,039 metres of diamond drilling, 2,606 metres of drift rehabilitation, 361 metres of underground development, and 9,163 tonnes milled at an average head grade of 6.1 g/t, resulting in 1,711 ounces of gold produced and 863 ounces poured, with 849 ounces of gold remaining in circuit and additional silver by-product sales. Management highlighted that ongoing underground work is laying the groundwork for future stope extraction and noted collaboration with partner Glencore on closing the first tranche of a planned US$30 million investment, underlining the project’s continuing ramp-up and the financial support underpinning its development trajectory.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Spark’s Take on TSE:ABI Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABI is a Neutral.
The score is primarily weighed down by very weak financial performance (no revenue, persistent losses, negative equity, and heavy cash burn). Technicals provide partial support due to a strong uptrend above moving averages, but overbought indicators raise near-term risk. Valuation remains constrained by negative earnings and no dividend yield data.
To see Spark’s full report on TSE:ABI stock, click here.
More about Abcourt Mines
Abcourt Mines Inc. is a Canadian gold development company based in northwestern Quebec, where it owns the Sleeping Giant mine and mill as well as the Flordin property. The company focuses its activities on advancing these assets in the Eeyou Istchee region, positioning itself within the gold mining and processing segment of the resource industry.
Average Trading Volume: 1,974,430
Technical Sentiment Signal: Buy
Current Market Cap: C$129.7M
Find detailed analytics on ABI stock on TipRanks’ Stock Analysis page.