ACG Metals Highlighted by Premier Miton’s Gervais Williams on Vox Markets: Copper production set to drive “millions of pounds of cash payback”

ACG Metals has been featured by the award-winning equity fund manager, Gervais Williams of Premier Miton in a recent Vox Markets interview, where he highlighted the company as a standout copper investment story heading into production this year.

A strategic copper asset in Europe

Speaking on Vox Markets, Williams pointed to ACG Metals’ flagship project in Turkey as “one of the largest in Europe,” emphasizing the value of new copper supply at a time when global demand is accelerating. With AI infrastructure, data centers, and renewed EV momentum all driving structural copper demand, Williams underlined a critical investor takeaway: bringing new copper production takes years, and “it’s unlikely many new copper mines are to be opened in any meaningful amount in the next couple of years“. ACG Metals is ready for copper production this year.

Gold credits offsetting construction costs

A key part of the ACG Metals’ story that Williams highlighted is the way the surface clearance phase has worked in shareholders’ favor. The oxide-rich surface area being cleared ahead of the main copper mine has produced significant volumes of gold, sold into a record-strong gold market. This has materially offset construction costs and left ACG Metals far less indebted than would typically be expected for a project of this scale.

The result, in Williams’ view, is a company entering copper production with a strengthened balance sheet and a meaningful gold credit alongside its primary copper output.

A disciplined management team

Williams was equally complimentary about ACG’s leadership, describing the team as “very organised” and “very careful about expectations”, noting their pattern of consistently exceeding the targets they set, rather than over-promising.

The investment case: cash flow

For Williams, the main value comes down to this:

“It’s the cash payback,  millions and millions of pounds of cash payback.”

With the copper mine coming into production in the middle of this year against a backdrop of strong copper prices, constrained global supply, and an ongoing gold credit, Williams described ACG’s cash flow characteristics as “beautiful,  and the asset itself as one that “could be very considerable for a very long time.”