ACG Metals: Gedikepes Mine NPV Updated to US$1.2 Billion
ACG Metals Limited has announced an updated assessment for its Gedikepes mine, revising its Net Present Value (NPV) to US$1.2 billion. The update reflects new estimates of the mine's ore reserves.
London – ACG Metals Limited (LSE: ACG) has published an updated Competent Person's Report (CPR) for its Gedikepes mine. The report indicates that the mine's Net Present Value (NPV) has been revised to US$1.2 billion.
The updated ore reserve estimates form the basis for this revised valuation. The company did not provide specific comparative figures or details on the methodology behind the updated estimates in its announcement.
The Gedikepes mine is located in Turkey and is a significant asset for ACG Metals. The company has been engaged in exploration and development activities in the region.
Further details regarding future capital expenditure and production plans are expected in subsequent financial disclosures.