At the recent Tribeca Future Facing Commodities Conference in Singapore, Artem Volynets, CEO and Chairman of London-listed ACG Metals (LSE: ACG), outlined a bold vision for the company’s future: strong near-term cash flows, a strategic transition into copper, and a focused acquisition strategy aimed at building a multi-jurisdictional, multi-asset platform.
“For ACG Metals, there are only three things investors need to know: cash, cash, and cash,” said Mr. Volynets.
ACG is currently generating strong revenue from gold production, with $75 million expected this year from its operations at the Gediktepe Mine in Türkiye.
Copper Expansion Fully Funded, Production begins 2026
ACG is now advancing the next phase of growth: a transition to copper and zinc concentrate production. The company has successfully raised $200 million to finance the expansion into the sulfide zone, with first production targeted for Q1 2026.
Once operational, the project is expected to deliver 25,000 tonnes of copper equivalent per year, positioning ACG as a key supplier of strategic metals to Western markets.
“This is just the beginning for ACG,” Mr. Volynets emphasized. “Lots of cash and ability to use that to acquire further assets.”
Strategic M&A: Copper, Scaled for Impact
When asked what defines the ideal acquisition target, Mr. Volynets was clear: copper-focused, producing or near-producing assets, with a preference for scale and near-term cash generation.
“I believe in copper prices. I believe we have two to three years before they go too crazy,” he said.
ACG is currently evaluating opportunities across Eastern Europe, Africa, South America, and the United States, as it seeks to expand its portfolio beyond Türkiye.
“The bigger, the better,” Mr. Volynets added. “It takes the same amount of time to execute a small deal as it does a large one.”
This strategy draws on his extensive track record. As the architect behind the formation of United Company Rusal, Mr. Volynets led the transformative deals that built the world’s largest aluminium producer, which was listed in Hong Kong at a $20 billion pre-money valuation.
One of the most compelling aspects of ACG’s investment case is that it is fully funded, requiring no additional capital to deliver on its immediate growth plans.
“The business case we put together does not require any more funding,” he confirmed.
What’s Next for ACG?
Investors can expect consistent news flow in the coming quarters, as ACG executes on its copper transition and begins evaluating acquisition targets.
According to his statement, this is a rare moment where ACG is fully funded, producing cash, and positioned for major growth.