Proactive: ACG Metals Reports Strong First Half Results and Progress on Gediktepe Expansion

In a recent interview with Proactive, ACG Metals CEO and Chairman, Artem Volynets, highlighted the company’s strong first-half performance, reporting $36 million in EBITDA and $31 million in operating cash flow, driven by reduced sustaining costs and higher gold sales. ACG remains on track with its Gediktepe sulphide expansion in Turkey, a $146 million project expected to reach commercial production by mid-2026, adding 20,000–25,000 tons of copper equivalent annually.

The company also refinanced its debt with a $200 million bond, leaving $160 million in cash and sufficient funding to complete the expansion, while maintaining a conservative balance sheet. Additionally, Mr. Volynets emphasized that ACG shares are undervalued, trading below three times free cash flow, but investor interest is growing, liquidity has already risen 300% following new research coverage and a listing on the OTCQX in the U.S.

Looking ahead, ACG plans to transition toward copper production while continuing to benefit from significant gold revenues, with 15,000–20,000 ounces expected annually from Gediktepe. In the interview, Mr. Volynets also underscored that the company’s growth strategy is supported by strong financials, disciplined execution, and expanding investor engagement.