ACG Metals CFO Patrick Henze talked with Proactive about the company’s progress since listing on the London Main Market in September and its strong operating cash flow and growth strategy focused on copper.
Henze outlined the firm’s fully funded sulphide expansion project at its Turkish operation, which is expected to produce copper and zinc concentrates from 2026. He stated that “we are currently having a $89 million operating cash flow last year, and we’re trading at $120 million market cap,” underscoring a disconnect the company believes represents a re-rating opportunity.
ACG Metals completed the acquisition of the mine for $84 million in cash and 35% in shares, followed by a $200 million bond raise. Production has exceeded guidance, with 16,000oz of gold output in Q1 2024 against a 30–33,000oz annual target. The operation has seen no lost time injuries to date.
He emphasised the company’s positioning on the cost curve, saying their 2.33% copper-equivalent grade from an open-pit mine positions it in the first quartile for cost competitiveness. Henze also noted the board’s access to global capital and commercial banking through individuals such as Mike Pompeo and former investment council leaders.
The company is looking at future M&A with an aim to build a diversified copper producer.
#ACGMetals #CopperMining #MiningInvestment #GoldProduction #SulfideExpansion #MiningTurkey #PatrickHenze #JuniorMiners #CopperStocks #ResourceSector #MiningNews
