ACG Metals Ltd (LSE:ACG, OTC:ACGAF) chairman and CEO Artem Volynets and chief financial officer Patrick Henze take Proactive's Stephen Gunnion through the company’s first quarter 2025 performance and full-year 2024 results.
Volynets detailed ACG Metals’ rapid progress since its inception in September 2024, highlighting achievements in operations, finance, and project development. The company acquired the Gediktepe mine in Turkey, generating $76 million in EBITDA last year. It also raised $200 million through bond financing and removed 70% of its warrants to optimise capital structure.
Notably, ACG Metals reduced its all-in sustaining costs by 13% in Q1 2025, despite operating in Turkey’s high-inflation environment. “I challenge you to find any other mining company that managed to reduce costs so much,” Volynets said.
The company’s sulphide project is progressing on time and on budget, with commissioning expected in Q1 2026. Henze emphasised strong safety records, with 724 lost-time injury-free days, and noted that Q1 sales reached 16,000oz, half of the annual target. Higher gold prices expected in Q2 should further support performance.
Looking forward, Volynets said ACG Metals expects to produce around 25,000 tonnes of copper equivalent annually from the sulphide project, adding: “We already [are] operating at 73% operating margin… it's a very exciting story.”
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