ACG Metals Limited reports operating, project-development and capital-structure updates for a metals mining business centered on the Gediktepe Mine in Türkiye. Company news covers Gediktepe operations, the sulphide expansion and enriched ore treatment work, procurement and engineering activity, environmental assessment processes, and the planned shift toward copper and zinc production.
Recurring announcements also address senior secured bond financing, warrant and equity transactions, voting-rights updates, OTCQX trading of ACGAF ordinary shares, and subsidiary-level mineral interests such as Polimetal's net smelter return royalty in Niğde Province.
ACG Metals (ACGAF) reports a post-tax NPV8 of about US$1.2 billion for its Gediktepe mine in the new 2026 Competent Person’s Report.
The NPV compares with a project NPV10 of US$265 million in the 2024 CPR, driven by a 43% increase in total Ore Reserves tonnage to 26.5 Mt and higher contained metals, including 176 kt copper and 535 koz gold. Average annual production is expected at about 36 kt CuEq between 2027–2031, roughly 60% above the previous 20–25 kt CuEq target, with total life-of-mine output of 352 kt CuEq over 11 years. An enriched ore project, now in the base case, is expected to add around 84 kt CuEq and contributes US$365 million of NPV uplift, with construction targeting concurrent doré and concentrate output from Q3 2027. FY2026 guidance is revised to 12–14 kt CuEq as sulphide ramp-up is deliberately rephased into 2027.
ACG Metals (ACGAF) agreed to acquire 100% of mining licence 60926, hosting the Keşkek gold project in Türkiye, from META for an initial US$4 million, with total cash consideration of up to US$7.85 million plus a royalty.
The Licence covers 666 hectares and is expected to provide nearby oxide ore feed to ACG’s Gediktepe heap leach facility, potentially extending its gold production life by several years. The initial Keşkek pit contains about 300 kt at 0.90 g/t Au with an estimated 1:1 waste-to-ore strip ratio. ACG estimates an indicated mineral resource of 1.5 Mt at 0.65 g/t Au within the Licence, and metallurgical tests indicate gold recoveries of 75–80%, rising to about 85% using Gediktepe’s existing patented process. Mining and gold production are targeted to begin in mid-2027, subject to permitting, with total project, exploration and closure expenditure estimated at about US$15 million over ten years. META will receive a 1% gross revenue royalty on gold from the Licence.
ACG Metals (OTC: ACGAF) announced that it produced its first copper concentrate from the Gediktepe operation in Türkiye on 31 August 2026. Commissioning is reported to be progressing as planned, with the project now in the ramp-up phase.
According to ACG, the company is focusing on increasing throughput, optimising plant performance and improving recoveries to reach full, steady-state copper production by the end of 2026. Management highlights that first production was achieved safely and within budget, marking ACG’s transition into a copper producer.
ACG Metals (ACGAF) reported H1 2026 production of 18,487 oz AuEq, exceeding its full‑year oxide target of 17,500 oz AuEq, despite all ore being sourced from stockpiles after oxide mining ended in 2025. Gold and silver output fell 19% and 39% year-on-year, but realised prices rose 64% to US$4,838/oz gold and 142% to US$78.2/oz silver, supporting revenues. C1 cash costs increased 70% to US$622/oz, and AISC rose 52% to US$1,609/oz AuEq, mainly from lower volumes and higher royalties.
The Gediktepe Sulphide Expansion Project reached 87.2% completion at 30 June 2026, remains on schedule and within budget, with first copper and zinc concentrate production expected in August 2026. Net financial debt stood at US$140 million with cash of US$60 million. ACG Metals reiterated 2026 guidance of 20–22 kt CuEq and AISC of US$2.40–2.60/lb CuEq, and highlighted a patented heap leach process that lifted gold recovery to about 85% while cutting cyanide use by roughly 45%.
ACG Metals (OTC:ACGAF) announced that its class A ordinary shares are now DTC eligible for electronic clearing and settlement in the United States.
This approval enables U.S. broker-dealers and investors to trade ACG shares through DTC’s book-entry system, aiming to simplify trading, shorten settlement times, reduce administrative friction, and support improved U.S. liquidity. The shares remain eligible for clearing and settlement through the CREST system in the United Kingdom.
ACG Metals (OTC:ACGAF) reported Q1 2026 operations and capital structure results showing a transition to sulphide ore with total production of 12,168 oz AuEq (‑22% YoY) and AuEq sales of 11,334 oz (‑30% YoY). C1 cash costs fell 12% to US$387/oz while AISC rose 49% to US$1,438/oz. Realised gold and silver prices increased to US$5,023/oz and US$84.4/oz respectively. The Gediktepe Sulphide Expansion is on schedule and within budget with US$101m spent of US$146m, and financial net debt was reported at US$78m with cash of US$122m.
ACG Metals (OTC:ACGAF) reported FY2025 results with strong margins, cash generation and progress on the Gediktepe sulphide expansion.
Key metrics: Revenue $135.6M, Adjusted EBITDA $76.3M, year-end cash $145.1M, net debt $55M, AuEq production 39.2koz. Company targets first copper/zinc concentrate in mid-2026.
ACG Metals (ACGAF) reported FY2025 results and an operations update on Jan 19, 2026: 39.2 koz AuEq produced (3% above guidance) and 39.5 koz AuEq sold. C1 cash costs fell 18% to US$499/oz AuEq while AISC rose to US$1,244/oz AuEq driven by higher metal prices and royalties. Net debt was US$65m with cash of US$144m. The Gediktepe Sulphide Expansion is on time and on budget for commercial production by end H1 2026, and an Enriched Ore Treatment project targets an additional ~57 kt CuEq over four years.
ACG Metals (LSE:ACGAF) announced the result of its RetailBook Offer and total voting rights. The RetailBook Offer was significantly oversubscribed and was increased from ≈US$0.5m to ≈US$1.0m, raising approximately US$1.0 million via the issue of 72,305 new ordinary shares at an issue price of £10.80.
Following the RetailBook close, the Fundraise conditionally raised gross proceeds of approximately US$16.0 million (≈£12.2 million) and the Company will issue a total of 1,128,614 new ordinary shares. Admission of the New Ordinary Shares is expected at 8:00 a.m. London time on 14 November 2025, after which issued share capital is expected to be 22,787,760 ordinary shares and the total voting rights will be 22,787,760.
ACG Metals (LSE: ACGAF) reported Q3 2025 YTD operating and capital-structure results on 20 October 2025. Key points: production on track for full-year guidance of 36–38 koz AuEq; AISC YTD $1,131/oz AuEq within guidance; C1 cash costs fell 30% to $432/oz AuEq. Gold and silver realised prices rose to $3,054/oz and $34.19/oz, supporting revenues. Net debt was $64M and cash balance $137M (including $46M restricted). Gediktepe Sulphide Expansion reached design/procurement/construction milestones (58%/56%/27%) and targets full commercial production by end H1 2026.