ACG Metals secures $200M for mining expansion

ACG Metals Limited, a mining company, has successfully completed a bond placement of $200 million, earmarked for expanding its Gediktepe Mine in Türkiye. The bond issue, which was launched on December 19, 2024, received strong investor interest from European and international markets.

The four-year senior secured bonds carry a coupon rate of 14.75 percent and are expected to settle around January 13, 2025, with the intent to list on the Nordic ABM. The proceeds will finance the Sulphide expansion project, transitioning the mine’s focus from gold and silver to copper and zinc concentrate production, alongside gold and silver by-products.

Read the full article at Investing.com!

 

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