Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to present its operational report for the month of August 2026 for its Sleeping Giant gold mine, located north of Amos, Quebec.
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Inc. → please → Amos
The results demonstrate a marked acceleration of the mine’s restart plan, driven by an increase in mill processing and continuous improvement in the head grades fed.
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results → demonstrate → grades
- Finalization of the mining camp in September: 123 rooms will be available to accommodate the personnel required to achieve objectives.
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rooms → accommodate → objectives
- Tonnage and grades progressing at the mill: Processing 6,209 tonnes of ore at a growing average grade of 1.94 g/t.
- Continuous increase in underground workforce: Hiring of 6 new miners, bringing the total workforce dedicated to the mine to 149 workers, allowing for accelerated development.
- Underground infrastructure advancement: Completion of 175 m of track drifts and drawpoints, as well as 88 m of sub-levels.
- Finalization of the mining camp in September: 123 rooms will be available to accommodate the personnel required to achieve objectives.
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rooms → progress → objectives
- Hiring at the mill: A second shift team has been recruited.
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team → hire → mill
It will be fully operational in October, enabling day and night mill operations on a 4-3 schedule.
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It → enable → schedule
This team optimization will allow the processing of up to 12,800 tonnes of ore per month.
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optimization → allow → month
- Tonnage and grades progressing at the mill: Processing 6,209 tonnes of ore at a growing average grade of 1.94 g/t.
- Continuous increase in underground workforce: Hiring of 6 new miners, bringing the total workforce dedicated to the mine to 149 workers, allowing for accelerated development.
- Underground infrastructure advancement: Completion of 175 m of track drifts and drawpoints, as well as 88 m of sub-levels.
- Finalization of the mining camp in September: 123 rooms will be available to accommodate the personnel required to achieve objectives.
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rooms → progress → objectives
- Hiring at the mill: A second shift team has been recruited.
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team → hire → mill
It will be fully operational in October, enabling day and night mill operations on a 4-3 schedule.
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It → enable → schedule
This team optimization will allow the processing of up to 12,800 tonnes of ore per month.
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optimization → allow → month
- Conclusion of an official strategic partnership: Abcourt will now be able to welcome trainees from the Centre de formation professionnelle de la Baie-James (CFPBJ).
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Abcourt → welcome → James
The high gold pour recorded in July (715 oz) resulted from a cleanup of the inventory accumulated in the milling circuits during a technical transition phase.
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pour → record → phase
The August data accurately reflects the restart of a regular and stable production cycle, supported by the solid progression of tonnage and grade.
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data → reflect → tonnage
Workforce Optimization and Underground Production
Recruitment continued in August with the integration of 6 new workers, bringing the team dedicated to the mine to 149 employees.
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Optimization → continue → employees
In parallel, the training partnership with Technica is bearing fruit: 2 trainers are currently supervising 10 apprentice-miners, with the objective of developing our own internal pool of qualified workforce.
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trainers → bear → workforce
This increase in underground personnel has allowed several key work areas to progress.
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areas → allow → personnel
Mutually Beneficial Partnership for the Next Generation of Miners
An alliance with the Centre de formation professionnelle de la Baie-James (CFPBJ) allows Abcourt to counter the labor shortage by welcoming freshly trained interns.
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Abcourt → counter → interns
Students benefit from a concrete immersion at the Sleeping Giant mine, with room and board and transportation included.
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room → benefit → mine
For the company, this structuring program secures a direct pool of qualified workers to support the acceleration of its underground operations.
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program → secure → operations
Geology and Exploration
Definition and resource conversion drilling activities actively focused on levels 355 and 915 with two drills in action.
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activities → focus → action
During the month, 25 holes were completed for a total of 3,064 meters of core.
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holes → complete → core
A total of 2,427 core samples were shipped for analysis.
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total → ship → analysis
The Company also received and integrated 3,876 assay results into its database, allowing continuous updates to its block models and 3D modeling to optimize future mining plans.
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updates → receive → plans
Regarding surface infrastructure, Abcourt began excavation and preventive maintenance work at the tailings pond as well as a reorganization of the interior yard.
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Abcourt → regard → yard
The IT department carried out major optimizations, including the relocation of the GuideTI server to the Sleeping Giant site, the installation of a secondary Starlink system to guarantee network redundancy, and the configuration of a new Web server dedicated to tracking production and miners’ bonuses.
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department → carry → production
Perspectives
Abcourt management is fully engaged in preparing its 2026/2027 budget.
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management → engage → budget
No major capital expenditure (CAPEX) is required in the short term, with absolute priority remaining focused on increasing production rates and achieving maximum operational critical mass at the Sleeping Giant mine.
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priority → require → mine
A regular and scheduled maintenance plan will be carried out in due course but will not significantly affect production.
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plan → schedule → production
Pascal Hamelin, President and Chief Executive Officer of Abcourt, states: “The 91% increase in our gold production in August confirms the acceleration of the ramp-up at Sleeping Giant.
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increase → state → Giant
This momentum continues into September, with our teams having already successfully hoisted 5,706 tonnes of ore and milled 4,761 tonnes.
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teams → continue → tonnes
Thanks to the continuous arrival of labor and the addition of a second shift at the mill, we are building the critical mass to operate day and night starting this fall.
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we → build → mass
Our absolute priority remains the constant increase of our production rates to maximize all our volumes.
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priority → remain → volumes
Pascal Hamelin, P. Eng., President and Chief Executive Officer of the Company, has reviewed and approved the technical information contained in this press release.
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Hamelin → review → release
Mr. Hamelin is a Qualified Person as defined by National Instrument 43-101.
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Hamelin → define → Instrument
Abcourt Mines Inc. is a Canadian gold development company with strategic properties located in northwestern Quebec, Canada.
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Inc. → locate → Quebec
Abcourt owns the Sleeping Giant mine and mill and the Flordin property where it concentrates its activities.
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it → own → activities
Certain information contained in this press release may constitute “forward-looking information” within the meaning of Canadian securities legislation.
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information → contain → legislation
Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “aims”, “expects”, “projects”, “intends”, “anticipates”, “estimates”, “could”, “should”, “likely”, or variations of such words and phrases or statements specifying that certain acts, events or results “could”, “should” occur, “will occur” or “will be achieved” or other similar expressions.
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acts → look → words
Forward-looking statements are based on Abcourt’s estimates and are subject to known and unknown risks, uncertainties and other factors that could cause actual results, level of activity, performance or achievements of Abcourt to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.
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results → look → statements
…and 6 more, not listed.
The Aporia
