Commodity TV Interview: CFO Patrick Henze outlines growth strategy and strong cash position

In a key interview at the Precious Metals Summit, ACG Metals CFO Patrick Henze outlined the company’s path to becoming a major global copper producer, driven by strong operational performance and strategic M&A.

Cash Flow Fuels Growth and M&A

Mr. Henze confirmed that ACG Metals is currently generating robust cash flow, positioning the company for accelerated growth:

• Strong cash generation: The Company expects to generate approximately $100 Million in free cash flow annually following the ramp-up of its base metals operation.

• Low-cost profile: Operations are highly cost-efficient, with All-in Sustaining Costs (AISC) currently around approx $1,100/oz Gold Equivalent.

• Copper cost competitiveness: Upon the transition to copper production, the Company is projected to achieve costs of approx $1.99 per pound of copper, placing it firmly in the first quartile of the global copper cost curve.

 The Copper Consolidation Strategy

The core focus of ACG Metals remains the consolidation of the copper sector, building on the success of its current asset, the Gediktepe Mine in Turkey.

“The whole story is about a copper consolidation. This is the first asset, a starter asset. The next ones will be acquired, and we are thinking about 200,000 to 300,000 tonnes of copper production in the next five years,” stated Mr. Henze.

Gediktepe Sulphide Expansion on Track for Mid-2026

The Company’s transition from a primary gold/silver producer to a multi-metal copper and zinc producer is a critical, well-managed step in its strategy.

• Transition milestone: The sulfide ore body at the Gediktepe Mine is on track to come into production mid-2026. This transition will add copper and zinc concentrates to the Company’s product slate, alongside gold and silver.

• Operational excellence: The sulphide expansion project is progressing on track, on time, and on budget, confirming the team’s operational delivery capability.

We remain dedicated to executing our plan to grow rapidly into a major diversified copper producer, leveraging our strong cash flow, low-cost operations, and a clear vision for strategic M&A.