#Turkey #ACG Metals #Copper Production #Gediktepe

ACG Metals Marks First Copper Concentrate Production at Gediktepe

ACG Metals, based in London, is thrilled to announce a remarkable achievement: the production of its first copper concentrate from the Gediktepe operation in Türkiye on August 31, 2026. This accomplishment signifies a pivotal moment in ACG's evolution, transitioning from a gold and silver producer to a focused copper producer.

The commencement of copper concentrate production at Gediktepe is a significant milestone, highlighted by the ongoing success of the commissioning process, which is progressing in accordance with the established timeline. Currently, ACG Metals has entered the ramp-up phase, concentrating efforts on enhancing throughput, optimizing plant performance, and laying the groundwork for full production which is expected to be realized by the end of 2026.

Artem Volynets, the Chairman and CEO, expressed enthusiasm about this achievement, stating, "Producing our first copper concentrate marks ACG's transition into a copper producer and is a defining milestone for the Company. Achieving this safely and within budget reflects the dedication and execution capability of our employees, contractors, and partners."

The focus now shifts to a disciplined ramp-up process, with the aim of progressively increasing throughput and recovery rates, ensuring consistent concentrate quality, and advancing towards stable production levels. The leadership team has expressed optimism about keeping stakeholders updated on their continued progress throughout the commissioning activities.

This notable achievement comes on the heels of ACG Metals's strategic acquisition of the Gediktepe mine in September 2024, which has since been transformed into a copper-focused operation. The company aims to achieve an annual steady-state production level of 20–25 kilotonnes of copper equivalent. This transition highlights ACG's commitment to becoming a leading player in the copper production sector, an area that is increasingly important in today's rapidly evolving market.

The company’s extensive experience in mergers and acquisitions, coupled with a solid team boasting backgrounds from well-established multinationals, provides ACG with a unique competitive edge. Furthermore, the company is deeply committed to environmental, social, and governance (ESG) principles, ensuring that operations are not only profitable but also sustainable.

As the global demand for copper continues to surge—driven in part by the rising need for renewable energy and electric vehicle technologies—the timing of ACG's transition could not be better. The successful ramp-up at Gediktepe positions the company to capitalize on this growing market.

Moreover, ACG Metals assures transparency and reliability in its operations, and as such, has provided detailed insights and regular updates about its developmental progress to investors and stakeholders. The recent announcement has been classified as inside information, following the regulations set in the Market Abuse Regulation (EU) No.596/2014, ensuring that all disclosures are made in a timely manner to the public.

In conclusion, ACG Metals stands at the threshold of a transformative era, armed with solid plans for growth and sustainability as it embarks on its journey as a prominent copper producer. The transition at Gediktepe marks not just an operational milestone but a strategic pivot that promises exciting prospects for the future of the company and its stakeholders.