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Abcourt Mines ( (TSE:ABI) ) has issued an update.
Abcourt Mines reported continued ramp-up at its Sleeping Giant gold mine in Québec for the quarter ended March 31, 2026, expanding its workforce to 143 employees with a target of 190 and increasing underground development, drilling and milling throughput. The mine processed 7,445 tonnes at an average grade of 5.2 g/t in the quarter, producing 1,197 ounces of gold with strong recoveries and holding an additional 907 ounces in-circuit as it prepares to commission its first underground long-hole drill in April and begin long-hole stoping in early summer 2026.
To support growth, Abcourt is enlarging its mining camp, having just commissioned a second 37-room block and planning construction of a third block this summer, while aiming to operate three long-hole stopes simultaneously to boost tonnage. The company also plans a property-wide gravimetric geophysical survey at Sleeping Giant to detect deep mineralized zones potentially linked to massive sulfide deposits, a first for the site that is expected to sharpen future drilling targets and refine the long-term exploration potential of the deposit.
Spark’s Take on ABI Stock
According to Spark, TipRanks’ AI Analyst, ABI is a Neutral.
The score is primarily constrained by weak financial performance—large ongoing losses, high leverage versus a thin equity base, and substantial cash burn. Technical indicators are mixed but lean bearish (negative MACD, RSI below 50) with some oversold support. Valuation provides limited support due to negative earnings and no dividend yield data.
To see Spark’s full report on ABI stock, click here.
More about Abcourt Mines
Abcourt Mines Inc. is a Canadian gold development company with properties strategically located in northwestern Québec. The company owns the Sleeping Giant mine and mill, as well as the Flordin property, where it focuses its exploration and development activities in the gold sector.
Average Trading Volume: 1,752,968
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$119.3M
Learn more about ABI stock on TipRanks’ Stock Analysis page.