Abcourt Mines

What Abcourt Mines does

Abcourt Mines Inc. is an emerging Canadian gold producer transitioning from exploration to commercial production. The company's core asset is the Sleeping Giant underground gold mine and 700-750 tonnes-per-day mill in the Abitibi region of Quebec, supplemented by a portfolio of eight wholly-owned exploration and development properties including Flordin, Discovery, Abcourt-Barvue (silver-zinc), Elder, Pershing-Manitou, Vendôme, and Aldermac. Mining at Sleeping Giant utilizes conventional underground methods with long-hole stoping, and ore processing combines gravity and flotation recovery circuits, achieving a 95.8% gold recovery rate in Q3 FY2026.

The company generates revenue primarily by producing and selling gold doré bars from Sleeping Giant under a 6-year, 100% offtake agreement with Glencore AG. A secondary revenue stream is custom milling (toll processing) of third-party ore at Sleeping Giant, enabled by an environmental Certificate of Authorization, which diversifies the customer base and improves mill utilization. Gold pricing is market-based and tied to prevailing spot prices, with doré sold to refiners and commodity traders on contract terms.

Abcourt's customer base is concentrated in global commodity markets (Glencore as anchor buyer) and regional mining operators in Abitibi seeking toll-milling capacity. Geographically, all operations are concentrated in northwestern Quebec, in the territory covered by the Quebec government's Plan Nord initiative. The company is publicly listed on the TSX Venture Exchange (TSX-V: ABI) and OTCQB (ABMBF), with capital sourced from a mix of brokered private placements (Red Cloud Securities), senior debt (Nebari, Glencore), and Quebec government bridge loans.

Name

Abcourt Mines

Legal name

Abcourt Mines Inc.

Website

https://abcourt.ca

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Abcourt Mines is an emerging Canadian gold producer and exploration company operating the Sleeping Giant mine and 700-750 tpd mill in Quebec's Abitibi region, selling doré to Glencore under a 6-year offtake while also toll-milling third-party ore.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Support Activities for Metal Mining (213114)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD), Contract Crushing, Screening & Materials Handling (In-Pit/ROM, Conveying, Stockpiling) (IMAKAKAH)

Keywords

• Gold mining
• Ore processing
• Mineral exploration
• Custom milling
• Polymetallic deposits

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Gold production and sales: Abcourt generates revenue from mining and processing gold ore at its Sleeping Giant mill. Gold doré is produced and sold to refiners/buyers. Q3 FY2026 revenues were $7.9M CAD. Year-to-date revenues of $12.8M CAD as of Q3 FY2026 (quarter ending March 31, 2026).
2. Custom milling toll processing: Following receipt of its environmental certificate of authorization, Abcourt processes ore from external (third-party) sources at its Sleeping Giant mill for a fee, diversifying revenue streams and optimizing mill utilization.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Abcourt Mines is an emerging Canadian gold producer that mines and processes gold ore at its wholly-owned Sleeping Giant Mine and Mill in the Abitibi region of Quebec, producing gold doré sold primarily to Glencore AG under a 6-year offtake agreement. The company also generates revenue through custom milling/toll processing of third-party gold ore at its permitted 700-750 tonnes-per-day mill. The company holds a portfolio of eight exploration and development-stage mining properties across Quebec including Flordin, Abcourt-Barvue, Elder, Discovery, Pershing-Manitou, Aldermac, and Vendôme.

Product overview

Abcourt Mines Inc. is an emerging gold producer and Canadian exploration company operating a portfolio of mining properties in Quebec's Abitibi region. The company's core operations center on the Sleeping Giant Mine and Mill, which serves as the central processing facility. The product portfolio includes producing and development-stage gold mines (Sleeping Giant, Elder), advanced exploration properties (Flordin, Discovery, Abcourt-Barvue), and early-stage exploration projects (Pershing-Manitou, Aldermac, Vendôme). The Sleeping Giant Mill processes ore from both the mine and external sources, enabling regional hub strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Sleeping Giant Mine Gold Production Underground gold mining and ore processing at the Sleeping Giant Mine located halfway between Amos and Matagami in Abitibi, Quebec. The mine produces gold doré sold to refiners and buyers, with 100% of production committed to Glencore AG under a 6-year offtake agreement. Measured and Indicated resources include 10,900t at 12.20 g/t Au (Measured) and 475,625t at 11.20 g/t Au (Indicated).
• Custom Milling / Toll Processing Services Toll processing service for third-party mining operators with gold ore in the Abitibi region. Abcourt processes external ore at its 700-750 tonnes-per-day Sleeping Giant Mill for a per-tonne processing fee, optimizing mill utilization and providing regional processing capacity where alternatives are limited.
• Flordin Property 100% owned gold exploration property located approximately 25 km north of Lebel-sur-Quévillon, Quebec, covering 976 hectares across 25 cells. The property hosts 134,700 oz M&I and 59,700 oz Inferred gold resources and is currently undergoing a 20,000-metre drilling campaign (3,900m completed as of April 2026), with a high-resolution drone magnetic survey covering 463 km of flight lines confirming the gold-hosting mafic lava sequence.
• Abcourt-Barvue Property Silver-zinc exploration/development property located 12 km north of Barraute, 60 km north of Val-d'Or, Quebec. The property covers 4,755 hectares with 103 claims and two mining concessions, and contains proven and probable reserves of 8.07 million tonnes at 51.79 g/t silver and 2.83% zinc.
• Elder Mine and Tagami Property Gold mining property in Quebec with established measured and indicated mineral resources of 581,952 tonnes at 6.38 g/t gold. Held as part of Abcourt's portfolio of gold assets within trucking distance of the Sleeping Giant mill.
• Discovery Property Gold exploration project located 80 km east of the Sleeping Giant plant, acquired through the Pershimex Resources merger. First mineral resource estimate shows 177,700 oz of Measured and Indicated Resources at 4.66 g/t Au and 303,700 oz Inferred.
• Pershing-Manitou Property Exploration property acquired through the 2023 Pershimex Resources Corporation merger, with bulk sample processing carried out at the Sleeping Giant Mill.
• Aldermac Property Early-stage exploration property in Quebec with available drilling maps and 2025 work planning documentation.
• Vendôme Property Early-stage exploration property in Quebec within Abcourt's portfolio of mining assets in the Abitibi region.

Quantifiable outcome

• Q3 FY2026: 1,197 oz gold produced from 7,445 tonnes milled at 95.8% recovery
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Pershimex Resources CorporationmajorStrategic or Co-development Partner · 11 May 2023Abcourt completed acquisition of Pershimex Resources Corporation by three-cornered amalgamation under the Canada Business Corporations Act. Abcourt issued 79,294,373 shares to former Pershimex shareholders (representing ~18.5% of outstanding shares). The merger added Discovery, Flordin, and other Pershimex properties to Abcourt's portfolio.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Radisson Mining Resources: Quebec-based gold developer with the O'Brien project in the Abitibi region, comparable as a junior advancing a single high-grade gold asset toward production.
• Wesdome Gold Mines: Canadian underground gold producer operating in Quebec/Ontario with multiple milling assets, comparable to Abcourt's profile as an emerging single-mill gold producer in the Abitibi region.
• Probe Metals: Quebec-focused gold explorer and developer with multiple projects in the Abitibi greenstone belt, sharing Abcourt's exploration-driven growth model and Quebec jurisdiction focus.
• Bonterra Resources: Quebec-focused gold exploration and development company with assets in the Abitibi region, operating at a similar development stage as Abcourt with comparable infrastructure requirements.
• New Found Gold Corp. Gold explorer focused on the Queensway project in Newfoundland with Abcourt board director Chad Williams; comparable as a junior gold developer targeting high-grade discoveries and mill development.

Broad incumbents

• IAMGOLD Corporation: Mid-tier gold producer with major Quebec operations including Westwood in the Abitibi region, comparable as an established Quebec gold miner against which Abcourt's emerging asset base can be benchmarked.
• Agnico Eagle Mines: Senior gold producer with multiple Quebec operations including the Abitibi region, providing a benchmark for what scaled Quebec gold production looks like and a potential future acquirer profile.
• Alamos Gold: Canadian intermediate gold producer with operations across North America; comparable for valuation benchmarking as a larger-scale gold producer with development experience.
• Eldorado Gold: Mid-tier gold producer with diversified global operations; relevant comparator for unit economics, capex intensity, and the transition from developer to mid-tier producer.

Others

• Osisko Gold Royalties: Quebec-headquartered precious metals royalty and streaming company with strong ties to the Abitibi mining ecosystem; relevant as both a potential financing partner and a benchmark for Quebec gold valuation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/320788848066591
• LinkedInlinkedin.com/company/abcourt-mines-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds12 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abcourt Mines