ACG Metals Ltd delivered 39,200 ounces of gold equivalent from its Gediktepe mine in Turkey last year, approximately 3% above the top end of its original guidance range. This marks the first full year of output under ACG’s ownership, demonstrating the operational team’s ability to optimize plant throughput and ore recovery rates beyond initial forecasts.

Through rigorous cost-control initiatives, including streamlined mining schedules and improved reagent management, ACG Metals achieved an all-in sustaining cost of $499 per ounce of gold equivalent. This represents a year-on-year decline of nearly 12%, enhancing the group’s margin profile and positioning the operation among the lowest-cost producers in the region.

Following the announcement of higher-than-expected production and lower unit costs, investor sentiment turned positive, driving the company’s share price up by 5% in early trading. This rally underscores market confidence in ACG Metals’ ability to deliver on both growth and profitability targets as it leverages its Turkish asset base.

Management reaffirmed plans to begin copper production at Gediktepe in the first half of this year, with commissioning of the flotation circuit scheduled for Q2. Once operational, the copper stream is forecast to contribute an additional 20,000 tonnes of copper concentrate annually, diversifying revenue and reducing the company’s reliance on gold markets.