#London #United Kingdom #ACG Metals #Gediktepe Mine #LSE ACG

ACG Metals Limited: Q3 2025 Operations and Capital Update

On October 20, 2025, ACG Metals Limited, listed on the London Stock Exchange under the symbol ACG, provided an encouraging update regarding its operations and capital structure for the year-to-date third quarter of 2025. The report indicates that the company remains firmly on track to meet its annual production targets, projecting a total output of between 36,000 and 38,000 ounces of gold equivalent (AuEq).

Key Highlights of Q3 2025 YTD

The production figures for the first nine months of 2025 indicate that ACG Metals is positioned favorably against its operational guidance. The all-in sustaining costs (AISC) averaged USD 1,131 per ounce of AuEq, maintaining compliance with forecasts. Remarkably, the year-to-date C1 cash costs decreased by 30% to USD 432 per ounce compared to the same period the previous year, demonstrating continued operational efficiency.

In line with ACG's strategic mining plan, Q3 production was expectedly lower, a trend consistent with both the planned mining sequence and previous years’ performances. ACG remains focused on advancing its Gediktepe Sulphide Expansion Project, which has reached various critical milestones and stays on schedule and budget. Important achievements for Q3 2025 included major site infrastructure developments, with both concrete and steel work having commenced.

The market conditions have also been favorable for ACG, as gold and silver prices experienced significant increases in Q3 2025 compared to the same quarter in 2024. The average realized price of gold rose by 34% to USD 3,054 per ounce, while silver saw a similar upward trend, climbing 26% to USD 34.19 per ounce. These increases are expected to bolster revenues and support further project advancements.

Financial Position

As of September 30, 2025, ACG Metals reported a net debt of USD 64 million, supported by a robust cash position totaling USD 137 million, which includes USD 46 million classified as restricted. Chairman and CEO Artem Volynets remarked, “We have made commendable strides in Q3 2025 and maintain a strong trajectory toward fulfilling our full-year guidance.” He further emphasized the importance of disciplined execution in advancing the Sulphide expansion project, which aims for full commercial production by the end of the first half of 2026.

Q3 2025 Operating Metrics

Here are some key operational metrics from Q3 2025 compared to the same quarter in 2024:

• - Total Ore Mined: 209,098 tons (down 60%)
• - Average Gold Grade: 1.90 g/t (up 17%)
• - Average Silver Grade: 67 g/t (up 22%)
• - Total Ore Processed: 184,250 tons (down 68%)
• - Production Figures: 23,869 oz of gold (down 30%), 490,995 oz of silver (down 1%), and total AuEq production of 29,291 oz (down 26%).

ACG also reported sales figures in Q3 2025, indicating gold sales of 24,984 oz and silver sales of 480,843 oz, collectively reflecting a strategic approach to market needs. As ACG progresses with ongoing developments at the Gediktepe project, including earthworks and foundation installations for key infrastructure, the company aims to solidify its standing as a leading copper and zinc producer by 2026.

Outlook

Looking forward, the ongoing Sulphide Expansion project is anticipated to play a pivotal role in ACG’s growth story, with a structured plan in place to ensure that all aspects of engineering design, procurement, and construction adhere to their respective timelines and budgets. The company also announced amendments to its warrant instruments, transitioning from US dollars to pounds sterling to align with its trading currency. This change reflects ACG’s commitment to optimizing its capital structure as it continues to expand its operational footprint in the mining sector.

In conclusion, ACG Metals Limited's recent Q3 report reflects solid operational management, market adaptability, and readiness for future challenges. The ongoing expansion projects and favorable market conditions indicate a promising outlook as the company strives to achieve its goals in the coming years.