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Abcourt Mines
(ABI)
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Rating:41Neutral
Price Target:
C$0.05
▼(-33.75% Downside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by very weak financial performance (large losses, sustained cash burn, and negative equity with higher debt), which outweighs the 2026 revenue rebound. Technicals are also bearish with price below key moving averages and negative MACD, while valuation offers limited support due to losses and no dividend yield.
Positive Factors
2026 Revenue Rebound
The sharp 2026 revenue rebound shows that the company retains the ability to generate meaningful top-line activity after near-zero revenue in 2024–2025. If sustained through production and processing, this recovery could provide a base for operating leverage and improved funding capacity, although profitability is not yet restored.
Negative Factors
Negative Equity and Rising Debt
Negative shareholders’ equity signals a fragile capital structure, while substantially higher debt increases financial obligations and reduces flexibility. Together, these conditions can make it harder to fund development internally, absorb operating setbacks, or rebuild the balance sheet without additional financing.
Read all positive and negative factors
Positive Factors
Negative Factors
2026 Revenue Rebound
The sharp 2026 revenue rebound shows that the company retains the ability to generate meaningful top-line activity after near-zero revenue in 2024–2025. If sustained through production and processing, this recovery could provide a base for operating leverage and improved funding capacity, although profitability is not yet restored.
Read all positive factors
Abcourt Mines (ABI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$62.89M
Dividend YieldN/A
Average Volume (3M)379.87K
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue GrowthN/A
EPS Growth-41.48%
CountryCA
Employees134
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,257,734,100
10 Day Avg. Volume507,639
30 Day Avg. Volume379,873
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)-5.60
Price to Sales (P/S)4.69
P/FCF Ratio-1.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)C$82.05M
Abcourt Mines Business Overview & Revenue Model
Company Description
Abcourt Mines Inc. is a Canadian company focused on discovering, appraising, and developing gold mining sites across the country. Beyond its primary interest in gold, the firm also conducts exploration for silver, copper, zinc, and diamond deposit...
How the Company Makes Money
Abcourt Mines makes money primarily by producing and selling gold (and any associated by-products, if recovered) from its mining operations. In a production scenario, revenue is generated when mined ore is processed (typically into a gold-bearing ...
Abcourt Mines Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Sep 2026 | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.64M | 0.00 | 265.12K | 7.01M | 20.39M |
| Gross Profit | -22.73M | -545.55K | -338.00K | 2.78M | -2.41M |
| EBITDA | -26.63M | -15.43M | -10.36M | -4.82M | -19.48M |
| Net Income | -28.10M | -14.42M | -11.59M | -5.34M | -21.62M |
Balance Sheet | |||||
| Total Assets | 52.23M | 21.41M | 14.06M | 17.40M | 12.29M |
| Cash, Cash Equivalents and Short-Term Investments | 1.58M | 2.58M | 757.75K | 963.97K | 720.51K |
| Total Debt | 37.33M | 2.28M | 1.32M | 1.85M | 2.48M |
| Total Liabilities | 66.16M | 22.01M | 20.35M | 19.27M | 15.41M |
| Stockholders Equity | -13.93M | -599.53K | -6.28M | -1.87M | -3.13M |
Cash Flow | |||||
| Free Cash Flow | -47.30M | -17.94M | -10.40M | -664.31K | -3.94M |
| Operating Cash Flow | -37.10M | -17.53M | -10.16M | -79.64K | -1.96M |
| Investing Cash Flow | -14.63M | 232.77K | 3.64M | -477.14K | -1.98M |
| Financing Cash Flow | 50.73M | 19.12M | 6.31M | 800.25K | 2.21M |
Abcourt Mines Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.07
Negative
0.09
Negative
Market Momentum
>-0.01
Negative
5.11
Positive
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ABI, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 5.11 is Positive, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ABI.
Abcourt Mines Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$60.17M | 8.86 | 2.96% | ― | 32.01% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$173.70M | -6.95 | -120.80% | ― | ― | -208.22% | |
47 Neutral | C$84.77M | -48.72 | -5.12% | ― | ― | 87.43% | |
44 Neutral | C$67.73M | -7.30 | 216.13% | ― | ― | -1700.00% | |
41 Neutral | C$62.89M | -2.02 | 588.69% | ― | ― | -41.48% |
* General Sector Average
TSE:ABI
Abcourt Mines
0.05
-0.02
-23.08%
TSE:MGM
Maple Gold Mines Ltd
2.34
0.97
70.80%
TSE:ECR
Cartier Resources
0.19
0.01
5.56%
TSE:ESM
Euro Sun Mining
0.15
-0.03
-15.73%
TSE:LIO
Lion One Metals
0.14
-0.12
-46.15%
Abcourt Mines Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Abcourt Mines Deepens Sleeping Giant Development Amid Wider Fiscal 2026 Loss
Negative
Oct 22, 2026
Abcourt Mines reported fiscal 2026 revenues of $16.6 million but a net loss of $28.1 million, reflecting high costs of sales and finance charges as the company advances its mining assets. Despite negative shareholders’ equity, working capita...
Business Operations and StrategyFinancial Disclosures
Abcourt Mines Accelerates Sleeping Giant Mine Restart With Higher Output and Workforce Expansion
Positive
Sep 23, 2026
Abcourt Mines reported strong progress in August at its Sleeping Giant gold mine, with gold production rising 91% month-on-month to 344 ounces as higher grades and increased mill throughput took hold. The mine processed 6,209 tonnes of ore at an a...
Business Operations and StrategyPrivate Placements and Financing
Abcourt Mines Tightens Capital Structure With Warrant Exercises and Executive Lock-Up
Positive
Sep 17, 2026
Abcourt Mines has moved to optimize its capital structure through the near-complete exercise of September-expiring warrants, including all those held by insiders, adding over $3.29 million to its treasury and reducing remaining 2026 warrants to fe...
Business Operations and StrategyPrivate Placements and Financing
Abcourt Mines Upsizes Glencore Debenture to US$40 Million and Retires Nebari Credit Facility
Positive
Sep 2, 2026
Abcourt Mines has increased its senior secured debenture financing with Glencore from US$30 million to US$40 million, closing the upsized transaction on September 2, 2026. The second tranche was expanded to US$21.875 million, with US$19.875 millio...
Business Operations and StrategyFinancial Disclosures
Abcourt Mines Accelerates Underground Development and Long-Hole Mining at Sleeping Giant
Positive
Aug 25, 2026
Abcourt Mines reported July 2026 operational results marked by a technical transition that temporarily reduced milled tonnes, grades and produced ounces as underground development was prioritized over immediate output. A spike in gold poured refle...
Business Operations and StrategyPrivate Placements and Financing
Abcourt Upsizes Glencore Debenture to US$40 Million to Accelerate Québec Gold Projects
Positive
Aug 7, 2026
Abcourt Mines has entered into a non-binding term sheet with Glencore AG to increase its senior secured debenture financing from US$30 million to US$40 million. The upsized facility accelerates the second tranche to about August 12, 2026 and boost...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.