ACG Metals (LSE:ACG, OTC:ACGAF) chairman and CEO Artem Volynets talked with Proactive's Stephen Gunnion about the company's strategic focus for 2025, including the construction of the sulphide expansion project at its Gediktepe mine. Volynets confirmed that the project is on track for commissioning in early 2026, setting ACG Metals on the path to becoming a copper producer with an anticipated output of up to 25,000 tonnes of copper equivalent annually.
In the interview, Volynets highlighted the transformational year ACG Metals had in 2024, transitioning from a SPAC to a fully operational company through the acquisition of the Gediktepe asset. The company raised $200 million in debt to finance the expansion and restructure acquisition debt, demonstrating strong financial progress. "Now with the acquisition complete, the project fully funded, and staffed with a very experienced team, we are moving to execute on the base case scenario," Volynets said.
ACG Metals achieved $75 million in EBITDA last year, and with the sulphide expansion, the base case scenario projects EBITDA to exceed $100 million. As the company shifts from gold and silver doré production to a focus on copper, it aims to see a rerating of its shares by four to five times, aligning with industry peers.
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