Proactive Interview: ACG Metals increases production guidance and strengthens financial position

In a recent interview with Proactive, ACG Metals Chairman and CEO Artem Volynets shared several key updates on the company’s strong operational performance and financial progress in 2025.

ACG has upgraded its full-year production guidance by 17%, driven not by major structural changes, but by the consistent performance and dedication of its operating team at the Gediktepe site. Improved recovery rates have resulted in higher gold and silver output in Q2, prompting the company to raise its production forecast from 33,000 to 36,000–38,000 gold equivalent ounces. At current market prices, this increase could generate an additional $16–17 million in cash flow.

Importantly, the company also achieved a 13% year-over-year reduction in all-in sustaining costs during the first half of 2025. This is truly impressive, especially in an inflationary environment like Turkey. This operational efficiency reinforces ACG’s core strategy: treating mining assets as cash-generating engines.

Mr. Volynets also highlighted progress on the company’s transition to base metals, noting that the new sulphide plant is on track for commissioning in Q1 2026. Once operational, it will shift production toward copper and zinc concentrates, targeting 20,000–25,000 tonnes of copper equivalent annually.

Financially, ACG has strengthened its balance sheet by repaying sponsor loans and making its first bond payment. With $130 million in cash and net debt of just $60 million, the company is well-capitalized and fully funded for the completion of its growth initiatives.

These milestones underscore ACG Metals’ disciplined focus on operational excellence, cost control, and cash generation as it continues to scale and diversify its production profile.