Abacus Mining Q2 2026 loss widens as KGHM Ajax interest expense rises, equity loss grows
Reuters2026/08/26 23:11- Abacus posted a comprehensive loss of CAD 1.23 million for Q2 2026, driven mainly by CAD 886,616 of KGHM Loan interest.
- Equity-accounted loss from the KGHM Ajax investment rose to CAD 304,539, weighing on results.
- General and administrative expense fell to CAD 42,725 from CAD 99,821, reflecting lower professional fees and reduced officer pay.
- Cash and receivables totaled CAD 184,054; accounts payable and accrued liabilities were CAD 387,519, due in Q3 2026.
- Nev-Lorraine lease was terminated on July 20, 2026; Abacus recorded an approximately CAD 1.08 million write-off of acquisition costs.
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