Abcourt Reports its Results for the Fourth Quarter and Year Ended June 30, 2026

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Abcourt Reports its Results for the Fourth Quarter and Year Ended June 30, 2026Author of the article: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+.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountSummary of financial results (In dollars)Three months endedJune 30Years endedJune 30 2026 2025 2026 2025 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 expenses726,679 1,157,694 4,373,409 3,657,276 Care and maintenance expenses31,802 606,511 353,118 3,350,461 Exploration expenses1,047,468 3,164,288 2,590,012 8,322,676 Finance costs2,246,994 110,389 5,856,242 (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)This advertisement has not loaded yet, but your article continues below.(In dollars)June 30, 2026 June 30, 2025 Cash1,583,023 2,578,587 Total assets52,227,619 21,408,153 Non-current liabilities47,928,141 14,175,891 Shareholders’ equity(13,928,075)(599,534)Working capital (non-IFRS measurement) *7,512,813 2,952,725 Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again* Working capital is a non-IFRS measurement with no standardized meaning under IFRS. For further information, please see section “Non-IFRS Measure”.Beginning of the development phase at Sleeping Giant property.Conclusion of a financing agreement with our partner Glencore AG during the fiscal year.An increase in working capital for the fiscal year ended June 30, 2026, resulting in working capital of $7,512,813, compared to working capital of $2,952,725 as of June 30, 2025.Pascal Hamelin, President and CEO, said: “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.”This advertisement has not loaded yet, but your article continues below.Non-IFRS MeasureThis press release presents working capital as a performance measure which is non-International Financial Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides investors with an improved ability to evaluate the performance of the Corporation. Non-IFRS measures do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be comparable to similar measures employed by other companies. This data may not be comparable to data presented by other companies. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.The Corporation determines working capital as follows: current assets less current liabilities.Abcourt Mines Inc.Abcourt Mines Inc. is a Canadian gold company developing the Sleeping Giant mine and in exploration for its other properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant mine and mill and the Flordin exploration property, where it focuses its operations.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt’s profile on www.sedarplus.caPascal HamelinDany Cenac RobertPresident and Chief Executive OfficerVP Communications & Corporate DevelopmentT: (819) 768-2857T: (514) 722-2276, poste 456Email: phamelin@abcourt.com Email: ir@abcourt.comFORWARD-LOOKING STATEMENTSCertain information contained in this news release may constitute “forward-looking information” within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by forward-looking terminology, such as “plans”, “aims”, “expects”, “projects”, “intends”, “anticipates”, “estimates”, “could”, “should”, “likely”, or variations of these words and phrases or statements specifying that certain acts, events or results “may”, “would”, “occur” or “be achieved” or other expressions Similar. Forward-looking statements are based on Abcourt’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set out in Abcourt’s public filings, are available on SEDAR+ at www.sedarplus.ca. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any of these forward-looking statements or information, whether as a result of new information, future events or otherwise.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.