Proactive: ACG Metals on strong Q3 as Gediktepe copper sulfide expansion project remains on track

In a recent Proactive interview, Chairman and CEO, Artem Volynets, together with VP of Projects, Graeme Rapley, provided an update on the company’s third quarter performance and advancement of the Gediktepe copper sulfide expansion project.

The company remains fully funded to complete the project, with $137 million on the balance sheet and approximately $70 million in capital expenditure remaining. Production and costs continue to track within guidance, with the company on track to meet full-year guidance of 36,000 to 38,000 ounces of gold equivalent.

ACG Metals has maintained strong cost efficiency, with year-to-date all-in sustaining costs of US$1,131 per ounce gold equivalent and C1 costs of US$432 per ounce gold equivalent, representing a 30% decrease. The company’s safety performance remains exemplary, with no lost-time incidents recorded since production commenced.

Construction of the Gediktepe expansion continues to progress on schedule and within budget. Foundation and steelwork across key infrastructure, including crushers, mills, flotation circuits, thickeners, and filter press, are advancing as planned. SAG and ball mills are expected for delivery in early 2026.

The company is developing a technical solution for processing enriched ore, which is expected to provide significant production upside in the coming years.

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