#London #United Kingdom #ACG Metals #Gediktepe Mine #Sulphide Project

ACG Metals Limited: Year-End and Q4 2025 Operations Overview

ACG Metals Limited has recently announced its operational highlights for the fourth quarter of 2025 and a summary of its performance for the entire financial year. The company reported a commendable production achievement, surpassing its production guidance as it prepared for a transformative phase in its operational strategy.

Solid Performance in Q4 2025

The focus of ACG Metals in Q4 has been centered around ensuring operational efficiency while maintaining rigorous cost control. Notably, the company produced a total of 39.2 koz AuEq, which exceeded its top-end production guidance by 3%, and sold 39.5 koz AuEq during the Gediktepe mine’s first complete year under the company’s ownership. This performance reflects ACG's commitment to operational excellence and highlights the capabilities of its workforce.

Despite experiencing a 51% decline in total ore mined compared to 2024 due to natural sequencing within the mine, ACG maintained a steady pace with improved grades for both gold and silver. The average gold grade stood at 2.26 g/t, up by 4%, while the average silver grade saw a remarkable 21% increase to 75.4 g/t.

The company's operational efficiency also resulted in an 18% decrease in C1 cash costs, bringing it down to US$499/oz AuEq. Though AISC went up to US$1,244/oz AuEq from US$1,139 the previous year, this increase was largely attributed to higher royalty payments linked to rising gold and silver prices.

Transitioning to Copper Production

A key highlight for ACG Metals is the anticipated shift towards copper production. The company aims to produce 20 to 22 ktpa CuEq in 2026, including 17.5 koz AuEq of oxide production that is currently under leach. This transition is being significantly bolstered by the reduced royalty rate with EMX Royalty Corporation.

One of the major projects underway is the Gediktepe Sulphide Expansion Project, which remains on schedule for commercial production by the end of the first half of 2026. During 2025, significant milestones were accomplished, including completing the foundations for primary crushers and installation of critical equipment.

Furthermore, the company has been exploring strategies to unlock additional value through its Enriched Ore Treatment Project at the Gediktepe mine. This initiative targets extracting approximately 57kt CuEq from enriched ores and stockpiles over a four-year timeframe. Commissioning for the first phase is planned for late 2026.

Commitment to Safety and Sustainability

Safety continues to be a fundamental component of ACG's operations, with a Lost Time Injury Frequency (LTIF) of 0.66 achieved over 1.6 million man-hours worked without lost-time incidents. The company emphasizes enhancing contractor safety as construction ramps up.

In line with its commitment to Environmental, Social, and Governance (ESG) principles, ACG Metals is finalizing its inaugural Sustainability Report, set to release in April 2026. This report aims to provide a transparent overview of its sustainability practices and future commitments.

Financial Overview

Financially, ACG reported a net debt of US$65 million and a cash balance of $144 million as of December 31, 2025. The successful payment of the January 2026 coupon for its Nordic bonds indicates the company’s strong compliance with financial obligations.

Conclusion

In summary, ACG Metals Limited has displayed an impressive operational performance in 2025, setting the stage for a significant transition towards copper production. The company looks well-prepared to navigate the challenges ahead while bolstering its position in the market as a leader in sustainable copper production. Investors and stakeholders keen on tracking ACG's progress can look forward to the upcoming live presentation scheduled for January 26, 2026, where further insights into the company’s future plans will be shared.