ACG Metals Exceeds Production Targets, Advances Sulphide Project
ACG Metals Limited reported it exceeded its H1 2026 gold equivalent production targets. Construction on the Gediktepe sulphide project progressed on schedule and within budget.
London-based ACG Metals Limited has announced its operational update for the first half of 2026 (H1 2026). The company surpassed its full-year gold equivalent production target within the first six months, producing 18,487 ounces of gold equivalent. This output was entirely sourced from stockpiled ore following the completion of oxide mining activities at the end of 2025.
Concurrently, construction on the Gediktepe Sulphide Expansion Project continued to advance on schedule and within budget. As of June 30, 2026, the project had reached an 87.2% overall completion rate. All equipment has been delivered to the site, with first production anticipated in August 2026.
The company noted significant increases in realized gold and silver prices compared to H1 2025, reaching US$4,838/oz for gold and US$78.2/oz for silver. All-In Sustaining Costs (AISC) rose by 52% to US$1,609/oz, primarily due to higher royalties linked to elevated commodity prices and reduced production volumes relative to H1 2025.
ACG Metals reiterated its full-year 2026 production guidance, expecting to produce 20–22 kt copper equivalent (CuEq) with AISC between US$2.40–2.60/lb CuEq. This forecast includes both oxide and expected sulphide production in the second half of the year. The company's net financial debt stood at US$140 million as of June 30, 2026, supported by US$60 million in cash. The majority of project capital expenditures have now been incurred.