Abcourt Mines reports Q2 2025 financial results and secures new financing
Abcourt Mines Inc. released its financial results for the quarter ended December 31, 2025, detailing ongoing development at its Sleeping Giant site.
Quebec-based gold developer Abcourt Mines has published its financial results for the second fiscal quarter ending December 31, 2025. The company’s activities throughout the period focused on site maintenance, gallery rehabilitation, and the hiring of personnel at the Sleeping Giant mine and mill.
Financial developments during the quarter included a $10 million private placement announced in October. Furthermore, the company finalized a significant financial arrangement with Glencore AG in late December, consisting of up to $30 million in senior debt financing combined with a production purchase agreement. The definitive agreements for this capital infusion closed on January 30, 2026.
CEO Pascal Hamelin stated that the progression of rehabilitation and development projects at the Sleeping Giant site is aimed at increasing production rates in the coming months. The company continues to transition toward full commercial production at its core assets.