Abcourt Mines Inc. poured 715 ounces of gold in July 2026 at its Sleeping Giant mine in Quebec, a substantial increase from the 175 ounces poured in June, driven primarily by the cleanup of inventory accumulated within the processing circuits.

Mill throughput for the month reached 4,736 tonnes of ore processed at an average head grade of 1.36 g/t, resulting in 180 produced ounces and an 86.8% recovery rate. This compared to June figures of 5,229 milled tonnes at an average grade of 2.30 g/t, which yielded 363 produced ounces at a 92.4% recovery rate.

The company explained that prioritizing underground development temporarily impacted the extracted grades during July, but this situation is expected to normalize as mining reaches higher-grade areas of the deposit exceeding 5 g/t. Abcourt restarted processing operations at the 100%-owned project in mid-2025 and has steadily advanced underground development and stoping activities since.

The operational transition to long-hole mining methods is delivering conclusive results, with the first stopes starting in July and initial figures confirming their efficiency. The company blasted 1,055 tonnes in July at an unreconciled grade of 6.45 g/t in the 295-DAC5 sector, where mining is underway with completion planned for December 2026. Abcourt expects to complete these initial long-hole stopes by mid-September 2026.

Stope progress and planned production schedules extend across several sectors. In the 235-Zone 20 sector, where development has reached 434 metres out of 516 metres, planned production is scheduled between September and December 2026. Meanwhile, development has started at the 355-Zone 3N sector, and ore drifts are complete in the 235-Zone 4_5 sector, with rail drifts set to start in September 2026 as part of a multi-year plan. Work is also advancing at 235-Zone 3 following development.

“We are structuring our operations to maximize profitability on every ounce,” stated Abcourt’s management.

“With the imminent entry into production of Zone 20 and the ongoing development of Zone 3, the mine is on a robust growth trajectory. Thanks to our sampling rigor and the continuous refinement of our LH mining procedures; we are exceptionally well positioned to increase yield starting at the end of the third quarter.”

— Management, Abcourt

Abcourt expects these ongoing operational milestones and development initiatives across its stopes to support yield improvements as mining progresses through the remainder of the year.

Read the full announcement: Underground Development Acceleration and Strategic Operational Transition