ACG Acquisition Reports Strong Earnings and Production Outlook for Gediktepe Mine
ACG Acquisition reported improved financials and a stronger outlook for its Gediktepe mining operation in Türkiye. The updated technical report raised the estimated net present value to $1.2 billion at consensus prices, or $1.4 billion using spot prices, with expected annual copper-equivalent production of over 36,000 metric tons over five years—up from an initial estimate of around 20,000 metric tons. The company is advancing expansion projects including a sulphide plant set to reach commercial production by year-end and plans for a $60 million SART facility starting in Q3 2027. ACG has already invested $146 million into Gediktepe since its acquisition, with further investment expected as construction progresses. Financially, the company reported first-half revenue of $90 million, EBITDA of about $50 million and cash flow of $30 million in 2026. Management is also focused on refinancing a $200 million Nordic bond at lower costs to manage net debt as capital spending increases.
Topics: capital investment copper production mining NPV update