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Abcourt MinesTSXV:ABI

Gold producer, with a project stated to be in Quebec, Canada.

Quebec · Canada — as stated on the recordings

producer gold Quebec, Canada
Dec 2025 → Mar 2026Covered
8 of 10Topics on record
5Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company
Stage
Producer
Primary commodity
Gold
Jurisdiction
Quebec, Canada
Deposit
narrow vein, sulfide zone (calopyrite, sphalerite, pyrite)
Latest appearance
06 Mar 2026
On record
2 interviews · 47 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
current life of mine is 7 years
Management-stated Pascal Hamelin Mar 2026
Grade
10 gram per tonne (historically)
Management-stated Pascal Hamelin Mar 2026
Money on hand
Glencore financing: 7% interest rate, first year interest-only, four years starting February 27 to repay $30 million
Stated capital need: Close to 3,000 tons per month processed (Q4 2025), targeting 5,000 tons per month
Management-stated Pascal Hamelin Mar 2026
What happens next
August 2024 (gold production), September 2024 (gold sales)
Management-stated Pascal Hamelin Mar 2026
The main open question
The deposit is narrow (30 cm to 1 m vein) with modest historical grade of 10 grams per tonne; the company is currently operating at just 45% mill capacity (350 tons per day) and must reach 800 tons per day to hit projected economics.
Weighed from the statements below, not our opinion of the company.
Our reading

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Capital needed 12 million$12 million ● Broadly unchanged 2 statements on record
05 Dec 2025
12 million
“the first trunch was uh was 8 million and then there was a second tranch of 2 million in September and then the advanced they the we did another loan of 2 million with Nebari.”
06 Mar 2026
$12 million USD (initial loan from Neubauer), $30 million to Glencore
“We we got the first loan with Near. So they loaned us 12 million US.”
Financing 8 million7% ≠ Different basis One statement qualifies the figure and the other does not (financing) 3 statements on record
05 Dec 2025
Credit agreement with Nebari completed at end of June; first tranche 8 million, second tranche 2 million in September, additional 2 million loan for NSR buydown
“We completed the credit agreement at the end of June. the first trunch was uh was 8 million and then there was a second tranch of 2 million in September and then the advanced they the we did another l…”
06 Mar 2026
Glencore financing: 7% interest rate, first year interest-only, four years starting February 27 to repay $30 million
“with Glancor we're down to seven. >> Right. So you've refinanced that cheap cheaper. >> Exactly.”
Burn rate ? New figure The earlier statement put no number on this 2 statements on record
05 Dec 2025
less than a million
“Right now, the burn rate is like less than a million because we're pouring”
06 Mar 2026
Close to 3,000 tons per month processed (Q4 2025), targeting 5,000 tons per month
“So last quarter we were close to 3,000 tons a month. So which is like less than 20% of the mail capacity.”
First production ? Wording changed No comparable date in one of the two statements 2 statements on record
05 Dec 2025
July 3rd for development; September for gold pouring
“We entered into development on July 3rd. we started pouring gold in September.”
06 Mar 2026
August 2024 (gold production), September 2024 (gold sales)
“we started producing gold uh in September selling gold. We we started gold production in August.”
Operating cost ? Stated at several levels 6 statements on record — these are the earliest and the latest, not a trend 6 statements on record
05 Dec 2025
4,000 ounces cleaned from mill in 2023
“We talked we we got 4,000 ounces out of that mill in 2023.”
06 Mar 2026
Q4 2025: 837 ounces produced at a profit
“Q4 2025 we produced uh 837 835 837 uh ounces >> and that was enough to make a profit from the uh from the mining operation.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Abcourt Mines's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says Glencore, a metals buyer, financed the operation via a $30 million loan at 7% interest because they want to buy the company's gold and silver output.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says Glencore, a metals buyer, financed the operation via a $30 million loan at 7% interest because they want to buy the company's gold and silver output. Management achieved profitability in Q4 2025 with 837 ounces produced, demonstrated 96%+ recovery rates, and projects 30,000 ounces per year by late 2026/early 2027, with a 7-year mine life and over 4 million tons of tailings upside to extend that to 10+ years.

▼ Bear case

The deposit is narrow (30 cm to 1 m vein) with modest historical grade of 10 grams per tonne; the company is currently operating at just 45% mill capacity (350 tons per day) and must reach 800 tons per day to hit projected economics.

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

The deposit is narrow (30 cm to 1 m vein) with modest historical grade of 10 grams per tonne; the company is currently operating at just 45% mill capacity (350 tons per day) and must reach 800 tons per day to hit projected economics. Cash flow positive relies on sustained $4,000 USD gold prices and ramping from 700 ounces per month—no independent analyst view supports these assumptions, and phase two expansion is tied to an outstanding septic permit.

◆ Watch next

Fall 2025: reach nameplate 350 tons per day and declare commercial production.

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

Fall 2025: reach nameplate 350 tons per day and declare commercial production. Late 2026/early 2027: deliver phase one target of 30,000 ounces per year. Q1–Q2 2025: management expects cash flow positive (starting from less than $1M monthly burn). Septic permit approval for phase two (500+ tons per day expansion). February 2027 onwards: debt repayment begins on Glencore's $30 million loan.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 17 statements

The deposit 7

Key takeaway. Management describes the deposit at Abcourt Mines in two slightly different ways depending on the date.

Read the full summary

In December 2025, the company reported a seven-year life of mine at current production, a sub-horizontal vein deposit mined by room and pillar, and exploration upside from a 3D model that shows "many targets like Christmas lights" with a goal of extending the mine life beyond seven years. In March 2026, management cited the same seven-year life of mine, a historically measured grade of 10 grams per tonne, and described the deposit as a narrow-vein sulfide zone containing chalcopyrite, sphalerite, and pyrite, while adding exploration upside from over 4 million tons of tailings at Sleeping Giant that contain zinc, copper, gold, and silver, with a goal to extend the life of mine beyond 10 years.

What was actually said
deposit type
narrow vein, sulfide zone (calopyrite, sphalerite, pyrite)
“the vein is narrow, but it's it's calopyrite, phalite, and pyrite. So you got zinc, copper.”
Pascal Hamelin· 06 Mar 2026·
exploration upside
4+ million tons of tailings at Sleeping Giant with zinc, copper, gold, silver; goal to extend life of mine over 10 years
“the tailings. There's over 4 million tons of mater of material there. >> Um, sleeping giant is a sulfite zone.”
Pascal Hamelin· 06 Mar 2026·
grade
10 gram per tonne (historically)
“Sleeping Giant. Historically it's uh it's like 10 gram mine.”
Pascal Hamelin· 06 Mar 2026·
Show the other 4 statements
resource size
current life of mine is 7 years
“because our current life of mine is 7 years, >> right?”
Pascal Hamelin· 06 Mar 2026·
deposit type
Sub-horizontal vein, room and pillar mining method
“the vein is u around 30 cm 30 to 1 m at the most. But very rich. Very rich.”
Pascal Hamelin· 05 Dec 2025·
exploration upside
3D model shows many targets like Christmas lights; goal to increase life of mine beyond 7 years
“we have a lot of targets like if you look at our 3D model, it turns on like Christmas lights.”
Pascal Hamelin· 05 Dec 2025·
reserve size
seven-year life of mine at current production level
“Because right now we have a seven-year life.”
Pascal Hamelin· 05 Dec 2025·

Jurisdiction 4

Key takeaway. Management highlights that the project is located in Quebec, Canada (March 2026), and specifically on the company's own piece of land within the industrial park of Leison (December 2025).

Read the full summary

The company reports that permitting is in process for the septic system phase two, and that it maintains a respectful approach to neighbors and the host community (December 2025).

What was actually said
country
Canada (Quebec)
“people were commuting from Amos Valdor Wayne. >> Yeah. >> Um Amos is fine.”
Pascal Hamelin· 06 Mar 2026·
community agreement
Respectful approach to neighbors and host community
“You're going to build mines uh that follow the rules of the of the land. You know, you're making sure that you're respectful for your neighbors and the host community”
Pascal Hamelin· 05 Dec 2025·
permit status
Permitting in process for septic system phase two
“So phase two will be um uh like the phase two is tied to uh the permit for the the septic system. Like we're in the forest. So you we're not connected to the sewage system of the city. So uh septic system we're on the permitting process for phase two”
Pascal Hamelin· 05 Dec 2025·
Show the other 1 statement
region
Leison; own piece of land within industrial park of Leison
“So we're um we're already set up um uh the infrastructure in Leison. We own actually we own um a piece of land within the industrial park of Leison.”
Pascal Hamelin· 05 Dec 2025·

Technical risk 6

Key takeaway. Abcourt Mines management acknowledges that its mill is currently processing about 3,000 tons per month as of March 2026, well below the assumed capacity of 800 tons per day.

Read the full summary

In December 2025 the company stated that operating at 350 tons per day would represent only 45% capacity, and that 800 tons per day is the optimal rate for recovery. Despite that gap, management said in December 2025 that the mill is not the bottleneck — the miners are the key to growing production. Recovery rates were reported at over 96% in both December 2025 and March 2026.

What was actually said
key assumption
Mill capable of processing 800 tons per day; currently ~3,000 tons per month
“The mill is capable of going to 800. So three 320 tons a day is not going to be uh it's I call it phase one.”
Pascal Hamelin· 06 Mar 2026·
recovery rate
over 96%
“the recovery is over 96%. Uh, so far since the the startup.”
Pascal Hamelin· 06 Mar 2026·
key assumption
Vein between 30 cm to 1 m, high-grade with low waste rock
“the vein is u around 30 cm 30 to 1 m at the most. But very rich.”
Pascal Hamelin· 05 Dec 2025·
Show the other 3 statements
key assumption
Mill operating at 350 tons per day = 45% capacity; 800 tons per day is optimal rate for recovery
“The mill will be at 45% capacity, right? The mill the mill is a 800 ton a day mill right? It's permitted for 950, but the optimal rate for the best recovery for the goal is 800 tons a day.”
Pascal Hamelin· 05 Dec 2025·
recovery rate
over 96%
“The recovery we're expecting over 96%.”
Pascal Hamelin· 05 Dec 2025·
stated risk
Mill not the bottleneck; miners are the key to grow production
“The the key here to grow the production is to hire miners uh to develop the access to it's not the feed it's the people that the problem you're trying to solve for.”
Pascal Hamelin· 05 Dec 2025·

Economics 15 statements

Economics 8

Key takeaway. Management says the project can be cash-flow positive at a gold price of $4,000 US per ounce, projecting 700 ounces per month and between 25,000 and 33,000 ounces per year.

Read the full summary

The December 2025 remarks note 350 tons per day as a short-term starting point, with tailings grading about 8 grams per ton, and reference 4,000 ounces cleaned from the mill in 2023. Separately, a March 2026 claim states 837 ounces were produced at a profit in Q4 2025.

What was actually said
operating cost
Q4 2025: 837 ounces produced at a profit
“Q4 2025 we produced uh 837 835 837 uh ounces >> and that was enough to make a profit from the uh from the mining operation.”
Pascal Hamelin· 06 Mar 2026·
capex
Sleep camp built and commissioned September 2nd; phase two planned
“Uh we built a sleep camp this summer. Uh we turned it on. We commissioned the camp on September 2nd.”
Pascal Hamelin· 05 Dec 2025·
operating cost
4,000 ounces cleaned from mill in 2023
“We talked we we got 4,000 ounces out of that mill in 2023.”
Pascal Hamelin· 05 Dec 2025·
Show the other 5 statements
operating cost
350 tons a day in short term as starting point
“So, that's our that's our goal in the short term is to get to 350 tons a day.”
Pascal Hamelin· 05 Dec 2025·
operating cost
tailing grade is like 8 grams per ton
“So the the the we use cyanide to dissolve the gold from the rock. Um so this the the leeching process is not pressured at all. So we got good recovery or tailing grade is like8 grams per ton.”
Pascal Hamelin· 05 Dec 2025·
operating cost
700 ounces a month at $4,000 US = cash flow positive
“It's around 700 tons uh 700 ounces a month at let's say $4,000 US.”
Pascal Hamelin· 05 Dec 2025·
operating cost
between 25 and 32,000 ounces to 33,000 ounces per year
“uh three uh between 20 depending on the grain on that year between 25 and 32 33,000 ounces.”
Pascal Hamelin· 05 Dec 2025·
price assumption
$4,000 US per ounce for cash flow positive calculation
“at let's say $4,000 US. Yeah.”
Pascal Hamelin· 05 Dec 2025·

Financing 7

Key takeaway. Management reports that Abcourt has secured a $12 million credit agreement with Nebari (completed end of June), structured with a first tranche of $8 million, a second tranche of $2 million in September, and an additional $2 million loan…

Read the full summary

for an NSR buydown. The CEO stated in December 2025 that the Nebari loan carries two years of interest-only payments, with debt repayment starting in July 2027. Separately, in March 2026 management disclosed a $30 million financing from Glencore at a 7% interest rate, with the first year interest-only and repayment due over four years starting February 27, 2026.

What was actually said
burn rate
Close to 3,000 tons per month processed (Q4 2025), targeting 5,000 tons per month
“So last quarter we were close to 3,000 tons a month. So which is like less than 20% of the mail capacity.”
Pascal Hamelin· 06 Mar 2026·
capital needed
$12 million USD (initial loan from Neubauer), $30 million to Glencore
“We we got the first loan with Near. So they loaned us 12 million US.”
Pascal Hamelin· 06 Mar 2026·
financing status
Glencore financing: 7% interest rate, first year interest-only, four years starting February 27 to repay $30 million
“with Glancor we're down to seven. >> Right. So you've refinanced that cheap cheaper. >> Exactly.”
Pascal Hamelin· 06 Mar 2026·
Show the other 4 statements
burn rate
less than a million
“Right now, the burn rate is like less than a million because we're pouring”
Pascal Hamelin· 05 Dec 2025·
capital needed
12 million
“the first trunch was uh was 8 million and then there was a second tranch of 2 million in September and then the advanced they the we did another loan of 2 million with Nebari.”
Pascal Hamelin· 05 Dec 2025·
financing status
Credit agreement with Nebari completed at end of June; first tranche 8 million, second tranche 2 million in September, additional 2 million loan for NSR buydown
“We completed the credit agreement at the end of June. the first trunch was uh was 8 million and then there was a second tranch of 2 million in September and then the advanced they the we did another loan of 2 million with Nebari.”
Pascal Hamelin· 05 Dec 2025·
financing status
Two years of interest only payment with Nebari; debt repayment starts July 27
“With NEARI we have two years of uh interest only payment. So we start paying the debt in July 27th.”
Pascal Hamelin· 05 Dec 2025·

Timeline 12 statements

Timeline 12

Key takeaway. Abcourt Mines management provided an overview of the project timeline across two interviews.

Read the full summary

For 2024, the company reported commissioning the phase one sleep camp in September, first gold production in August, gold sales in September, and 475 ounces of production in October. Looking ahead, management said phase two of the camp was commissioned by the end of March 2025, pending a septic permit, and that the company aims to reach a nameplate rate of 350 tons per day by fall 2025, with a phase two target of 500 tons per day. Management projected being cash flow positive by Q1 or Q2 2025, and achieving 30,000 ounces per year from phase one by late 2026 or early 2027, with diamond drilling planned to increase from about 1,200 m/month to 3,000 m/month.

What was actually said
first production
August 2024 (gold production), September 2024 (gold sales)
“we started producing gold uh in September selling gold. We we started gold production in August.”
Pascal Hamelin· 06 Mar 2026·
milestone
Phase one sleep camp commissioned September 2024, Phase two commissioned end of March 2025
“we commissioned phase one sleep camp in September with the kitchen.”
Pascal Hamelin· 06 Mar 2026·
milestone
30,000 ounces per year (phase one) - late 2026 / early 2027
“The 30,000 answers a year is phase one. We're going to get that probably late 26, early 27.”
Pascal Hamelin· 06 Mar 2026·
Show the other 9 statements
milestone
Phase two target: 500 tons per day
“I can see 500 tons a day as a nice target. But my ultimate goal eventually with time is 800 tons a day.”
Pascal Hamelin· 06 Mar 2026·
milestone
Diamond drilling increase from ~1,200 m/month to 3,000 m/month planned
“last quarter we were close to 1,200 m per month. We want to go we want to go up to 3,000 meter per month.”
Pascal Hamelin· 06 Mar 2026·
first production
July 3rd for development; September for gold pouring
“We entered into development on July 3rd. we started pouring gold in September.”
Pascal Hamelin· 05 Dec 2025·
milestone
Sleep camp commissioned September 2nd; phase two pending septic permit
“Uh we built a sleep camp this summer. Uh we turned it on. We commissioned the camp on September 2nd.”
Pascal Hamelin· 05 Dec 2025·
milestone
October 2024: 475 ounces production
“for example October we have 475 ounces production”
Pascal Hamelin· 05 Dec 2025·
milestone
Goal to reach 10-year life of mine after 350 tons nameplate achieved
“once we have the 10ear life of mine, you know, we'll update the PA.”
Pascal Hamelin· 05 Dec 2025·
milestone
Three underground drills and one drill at Flordin next year
“the the the next year we're going to have three drills underground and one drill at Fl.”
Pascal Hamelin· 05 Dec 2025·
milestone
Q1 2025 probably cash flow positive end of Q1; Q2 2025 definitely cash flow positive
“I'm ramping up uh Q1 next year probably cash flow positive the end of Q1 Q2 definitely will be cash flow positive”
Pascal Hamelin· 05 Dec 2025·
milestone
Fall 2025 reach nameplate of 350 tons a day
“declare commercial production and reach the name plate of 350 tons a day by fall next year”
Pascal Hamelin· 05 Dec 2025·

Corporate 3 statements

Management 2

Key takeaway. Management has highlighted strong insider alignment at Abcourt Mines.

Read the full summary

As of December 2025, directors and officers owned close to 30% of the company, and by March 2026 that figure had increased to 37% owned by management and officers/directors.

What was actually said
insider ownership
37% owned by management and officers/directors
“officers and directors we own 37% of the company because we believed in the project”
Pascal Hamelin· 06 Mar 2026·
insider ownership
Directors and officers own close to 30% of the company
“We own close to 30% of the company by issuing checks when needed to advance the project.”
Pascal Hamelin· 05 Dec 2025·

Market 1

What was actually said
potential acquirer
Glencore (metals buyer/trading partner)
“the reason they came in is they want to buy our metals. >> Okay. >> So we we have gold, we have silver that we can deliver now.”
Pascal Hamelin· 06 Mar 2026·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
06 Mar 2026 Crux Investor Abcourt Mines (TSXV:ABI) - Scaling to 50Kozpa | Profitable Gold Mine with Mill Throughput Upside 18
05 Dec 2025 Crux Investor Abcourt Mines (TSXV:ABI) - Cash Flow in Sight With Sleeping Giant Ramp + Flordin Drills 29

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 2
cobalt 1
copper 1
nebari 1
o3 mining 1
silver 1
triple flag 1
zinc 1

Questions people ask

What is Abcourt Mines's project and where is it?

Abcourt Mines is a producer gold company, with a project stated to be in Quebec, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Abcourt Mines?

We track 2 interviews mentioning Abcourt Mines, across 1 channel (Crux Investor).

What are investors saying about Abcourt Mines?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Abcourt Mines cover?

The most-discussed topics on record are timeline, economics, the deposit, financing — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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