ACG Metals Limited Class A ( (GB:ACG) ) has provided an announcement.
ACG Metals Limited reported a transformational year in 2024, highlighted by the acquisition of the Gediktepe Mine in Türkiye, which has significantly enhanced its operational and financial standing. The company achieved record operational milestones, including a 49% increase in gold equivalent production and secured a $146 million EPC contract for sulphide expansion. ACG also raised $200 million through a Nordic bond offering, marking a first for a Turkish mining asset. These strategic moves have positioned ACG for sustained growth and strengthened its market presence, with plans to commence copper production in 2026 and continue exploring M&A opportunities to enhance shareholder value.
More about ACG Metals Limited Class A
ACG Metals Limited is focused on consolidating the copper industry through strategic acquisitions, emphasizing best-in-class ESG and carbon footprint characteristics. The company acquired the Gediktepe Mine in September 2024, which is set to transition to primary copper and zinc production by 2026, aiming for an annual steady-state copper equivalent production of 20-25 kt. ACG Metals is actively pursuing additional acquisitions to secure 200,000-300,000 tonnes of copper equivalent production annually over the next three to five years.
YTD Price Performance: -16.08%
Average Trading Volume: 31,233
Current Market Cap: £92.7M
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