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| Every great gold cycle delivers a moment when an overlooked producer quietly reawakens…just as metal prices hit historic highs.
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| Right now, in the heart of Quebec’s famed Abitibi belt, that moment is happening — and remarkably few investors have noticed.
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| Because Abcourt Mines (ABI.V; ABMBF.OTC) is in the midst of bringing one of Canada’s legendary high-grade gold mines back to life.
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| And this “Sleeping Giant” is already beginning to stir.
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| The Rebirth Of An Historic High-Grade Producer
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| From 1987 to 2014, the Sleeping Giant Mine produced an exceptional 1.07 million ounces of gold at an eye-popping average grade of 10.29 g/t.
It was one of the great underground gold mines of its era — complete with a 1,175-meter shaft, 22 mine levels and an extensive network of development, electrical and ventilation systems that remain in exceptionally good condition today.
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| Now Abcourt is waking up this giant, leveraging both the high-grade remaining resources and the fully built infrastructure…at a time when gold has rocketed above $4,000/oz.
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| That combination — high-grade ore...plus in-place mine and mill...plus record metal prices — is the kind of opportunity that has rarely, if ever, been handed to investors.
And now it has, with the Sleeping Giant mine’s reawakening.
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| Production Has Already Begun…Quietly
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| While the market still thinks of Abcourt as an explorer, the truth is more exciting:
Sleeping Giant is already in production.
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| Relatively few investors are aware that the Sleeping Giant Mine is not only back in operation, but rapidly ramping up toward 30,000 ounces of annual gold production.
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| A carbon-in-pulp mill — fully permitted for 950 tpd — is processing Sleeping Giant ore today. The mill operates optimally at 800 tpd, with 96.7% recoveries and long-term tailings capacity already in place.
Things have been moving quietly, but fast:
Stope production began in July...the mill started processing ore in August...a 50-person camp has been running since September...with the first gold pour coming the same month.
All just 85 km north of the mining-friendly town of Amos.
And importantly, the mine sits on the Hydro-Québec grid, powered by 100% hydroelectricity — a tremendous cost and ESG advantage.
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| The High-Grade Gold Resource:
Already Significant Yet Still Hugely Underexplored
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| Over 1.19 million meters of drilling at Sleeping Giant have identified 846 distinct gold structures — a massive geological system that was far from exhausted or even fully explored by past operators.
Abcourt delivered a maiden resource for the unmined resource in December 2022, showing 173,300 ounces of gold at an average of 7.14 g/t in measured and indicated resources, with another 248,000 ounces at 8.74 g/t in inferred resources.
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| That’s a lot of high-grade gold at today’s metal prices. And it won’t be too hard to get to, as fully 98% of this resource is accessible from the existing shaft.
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| Two underground rigs are turning right now, with a third arriving shortly. And while the company continues to expand and convert resources, all planned mining until 2027 comes from the current indicated ounces — minimizing risk while maximizing near-term production.
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| Management Chose Production First — Dilution Last
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| Here is the real strategic brilliance.
Most companies in this situation would spend years drilling off the obvious extensions to current resources — and diluting shareholders in the process.
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| Abcourt chose the opposite path: They’re going into production.
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| The logic is simple and powerful. Let the high-grade ore and high gold price generate rich cash flow first...then use that internally generated capital to expand the resource base with little or no dilution.
It’s a decision that could dramatically amplify shareholder leverage as Sleeping Giant ramps up.
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| An Outdated PEA Reveals Today’s Opportunity
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| In 2023 — long before gold surged past $4,000/oz — Abcourt published a Preliminary Economic Assessment based on a gold price of just $1,800/ounce.
Even at that low price basis, the mine produced exceptional economics:
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| • An after-tax NPV5 of C$54.4 million
• An after-tax internal rate of return of 33.3%
• An average annual production of 30,100 ounces
• An all-in sustaining cost of just US$1,120/ounce
• And operating cash flow of C$30 million/year
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| At $2,100 gold — the top of the sensitivity table in that old PEA — the NPV jumped to C$90.6 million and the IRR to a remarkable 49.9%.
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| Now ask yourself: What happens when gold is not $1,800…not $2,100…but nearly double those levels?
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| Because the infrastructure and operating costs are already paid for, the impact of rising gold prices flows disproportionately to the bottom line.
That’s why the upcoming PEA update has the potential to reset market expectations in a dramatic way.
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| Fully Permitted, Fully Funded
And Ready To Mint Money
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| Abcourt’s momentum is accelerating quickly: The company recently arranged C$18 million in debt financing with Nebari and Investissement Québec. Production development began last July. Stope mining is underway.
...The mill is processing Sleeping Giant ore at this very moment. The first pour was in September. And the ramp-up toward 2,500 oz/month within 15 months is well underway.
The best part? Abcourt is just getting started.
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| District-Scale Upside Beyond The Mine
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| When you consider how much money stands to be made with 30,000 ounces of annual production and the gold price well over $4,000/ounce, it’s obvious that Sleeping Giant leads the story.
But this is merely the first chapter of that story. Abcourt also controls about 500 square kilometers of highly prospective ground across no less than 13 projects in the legendary Abitibi gold belt — all within trucking distance of the mill.
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| Click image to enlarge
While the Sleeping Giant Mine will make the first headlines for Abcourt, the company's expansive property portfolio in the Abitibi gold belt offers the potential for growth for years to come.
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| In fact, the company made a major new discovery last year at its Flordin-Cartwright project, 138 kilometers east of the Sleeping Giant Mine. This and other projects add further optionality and future growth potential to the Abcourt story.
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| A Rare Moment Before the Market Wakes Up
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| Few investors yet realize that Sleeping Giant is back in production.
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| Fewer still appreciate the leverage that high-grade ore + an in-place mill + $4,000 gold can deliver.
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| And almost no one has priced in the company’s plan to grow its resource base using internal cash flow — not investor dilution.
This story won’t remain buried for long, however, with a series of compelling catalysts coming up, including...
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| • Production ramp-up updates
• Underground drill results
• Surface exploration at Flordin-Cartwright
• Ongoing resource conversion
• Gold sales and revenue
• A new, far more lucrative PEA reflecting current metal prices
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| All of this combines to make Abcourt one of the most compelling early-stage gold-producer opportunities in today’s resource market. In other words...
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| The giant is awake...it’s stretching...and the market hasn’t caught on — yet.
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| Now is the moment to get the full story.
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| CLICK HERE
To Learn More About Abcourt Mines
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