---
title: "Abcourt Mines Q3 FY26 net loss widens to C$7.71 million; revenue totals C$7.88 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287269530.md"
description: "Abcourt Mines reported a Q3 FY26 net loss of CAD 7.71 million, up from CAD 5.47 million a year prior, with revenue at CAD 7.88 million. Loss from mining operations was CAD 3.87 million. Finance costs rose to CAD 1.37 million, while cash increased to CAD 14.83 million. Development at the Sleeping Giant mine is ongoing, and the company repaid a CAD 1.04 million loan and closed a US$30 million debenture with Glencore AG."
datetime: "2026-05-21T20:30:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287269530.md)
  - [en](https://longbridge.com/en/news/287269530.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287269530.md)
---

# Abcourt Mines Q3 FY26 net loss widens to C$7.71 million; revenue totals C$7.88 million

-   Abcourt Mines posted a net loss of CAD 7.71 million for the quarter ended March 31, 2026, widening from a loss of CAD 5.47 million a year earlier; loss per share was CAD 0.01, unchanged. \* Revenue was CAD 7.88 million versus no revenue a year earlier, while loss from mining operations was CAD 3.87 million. \* Finance costs climbed to CAD 1.37 million from CAD 123,279, with administration expenses rising to CAD 1.47 million from CAD 1.07 million. \* Cash increased to CAD 14.83 million at March 31, 2026 from CAD 2.58 million at June 30, 2025, with working capital rising to CAD 22.41 million from CAD 2.95 million. \* During the quarter, development at the Sleeping Giant mine continued toward commercial production; Abcourt repaid a CAD 1.04 million loan to IQ, closed a senior debenture of up to US$30 million with Glencore AG alongside an offtake agreement, and CEO Pascal Hamelin said work is progressing to access multiple production sites and increase flexibility. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abcourt Mines Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605211630PRIMZONEFULLFEED9724928) on May 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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