ACG
commercial production by the end of H1 2026, transitioning ACG into a copper producer.
The Enriched Ore Treatment Project at Gediktepe mine is targeting an additional c.57kt CuEq from enric stockpiles on site over a four-year period. In Q4 2025 the Company completed a scoping study and basic Permitting, metallurgical test works, and detailed engineering will commence in Q1 2026.
ACG’s net debt as of December 31, 2025 was US$65 million.
Artem Volynets, Chairman and CEO of ACG, said:
“We are proud of our consistent outperformance last year, demonstrating the exceptional operating capabilities of ACG is well positioned to complete the transition to a copper producer this year, with Sulphide Project construct and on time, while continuing to benefit strongly from the production of gold and silver from the residual oxide or We are making great progress on our strategy to establish ACG Metals as a leading growth copper company on th.”
FY 2025 Operating Summary
| Metric | 2025 | 2024 |
|---|---|---|
| Total Ore Mined t | 351,723 | -51% |
| Au Grade g/t | 2.26 | 4% |
| Ag Grade g/t | 75.4 | 21% |
| Total Ore Processed t | 354,472 | -56% |
| Au Grade g/t | 2.56 | 1% |
| Ag Grade g/t | 94.0 | 31% |
| Au oz | 32,516 | -31% |
| Ag oz | 587,947 | -17% |
| AuEq oz | 39,188 | -29% |
| Au oz | 32,884 | -33% |
| Ag oz | 570,870 | -15% |
| AuEq oz | 39,416 | -31% |
| Au $/oz | 3,321 | 39% |
| Ag $/oz | 37.69 | 32% |
| C1 Cash Costs (produced) $/oz | 499 | -18% |
| AISC (sold) $/oz | 1,244 | 9% |
Safety And Sustainability
Safety culture continued to strengthen in 2025. The Company finished the year with an LTIF of 0.66. This inclu time incident sustained by a contract employee for a total of 1.6 M man-hours worked. Efforts remain focused contractor workplace safety as the construction workforce peaks in H1 2026.
Progress continued to position ACG for superior ESG performance. The inaugural annual Sustainability Report nears completion and will be published with the annual report in April. The Company al completing a comprehensive compliance review in Q1 2026, including updating existing and introducing compliance policies, consistent with its commitment to ensure the highest standards of corporate governance.
Oxide Operation
• FY2025 total ore mined was 351,723 tonnes, down 51% from 2024, reflecting natural sequencing of production plan
• Average grades improved, with gold at 2.26 g/t (+4%) and silver at 75.4 g/t (+21%), supporting hig delivery.
• Ore processed totalled 354,472 tonnes, a 56% decrease year-on-year, as oxide stockpiles were drawn d sulphide expansion.
• Processing grades strengthened further, with gold at 2.56 g/t (+1%) and silver at 94.0 g/t (+31%).
• Operational efficiency throughout 2025 delivered a 25% reduction in C1 cash costs, decreasing from AuEq to US$455/oz AuEq.
• FY2025 AISC remained broadly stable at US$1,133/oz AuEq, down 1% year-on-year, as higher price-lin offset the benefits of lower operating costs during a period of stronger metal prices.
Gediktepe Sulphide Expansion Advancing at Pace
The Gediktepe Sulphide Expansion Project delivered significant progress in Q4 2025, achieving key con equipment milestones while remaining firmly aligned with its development schedule.
• Primary crusher foundations completed, structural steel erected, and major components installed inclu crusher, ROM feed bin and feeders.
• Ball and SAG mill foundations finalised, with structural steel erection for the mill building underway.
• Flotation and filter building foundations completed, and earthworks for the tailings storage facility p schedule.
• All flotation tanks, scavenger cells and cleaner cells delivered to site, alongside 1,300 tonnes of structur the planned 1,700 tonnes.