ACG Metals Limited: Third Quarter 2025 Operations Update
("ACG" or the "Company")
Q3 2025 YTD Operations and Capital Structure Overview
ACG Approaches Annual Production and Cost Objectives
ACG Metals Limited (LSE: ACG) is excited to share insights from its operations and capital structure for the third quarter of 2025.
Q3 2025 Year-to-Date Summary
- Production levels as of Q3 2025 are well aligned with the forecast of 36–38koz AuEq for the year.
- All-in sustaining costs (AISC) remain within acceptable limits at US$1,131/oz AuEq, with C1 cash costs demonstrating a significant reduction of 30% to US$432/oz AuEq compared to the same period last year.
- Although production was seasonally lower as expected, this adheres to our established mine plan.
- Significant advances have been made on the Gediktepe Sulphide Expansion Project, which is progressing according to both timeline and budget.
- Our technical teams are diligently engaged in unlocking additional value from transitional ore.
- Market conditions have proven favorable, with gold and silver prices increasing by 34% and 26% respectively compared to the previous year’s figures, culminating in revenues that surpassed expectations.
- As of September 30, 2025, our net debt stood at $64 million, complemented by a strong cash reserve of $137 million, including a restricted amount of $46 million.
Chairman and CEO Artem Volynets commented:
"Our team has made remarkable strides in Q3 2025, reaffirming our commitment to achieving the annual guidance set for production and costs. The advancement of the Sulphide expansion remains on pace, showing our dedication to operational excellence and strategic growth."
Operating Highlights for Q3 YTD 2025
- Ore Mined: 209,098 tonnes, down 60% compared to last year.
- Gold Grade: 1.90 g/t, a decrease by 17% year-over-year.
- Silver Grade: 67 g/t, down 22% from the previous year.
- Total Ore Processed: 184,250 tonnes, reflecting a 68% decrease.
- Gold Production: 23,869 oz, a 30% decrease compared to last year.
- Silver Production: 490,995 oz, a minor reduction of 1%.
- AISC: The company reported the costs at US$1,131/oz, reflecting a decrease by 2% year-over-year.
Strong Progress in Sulphide Expansion Projects
- The Gediktepe Copper Sulphide Expansion Project has reached major construction milestones, enhancing site infrastructure significantly.
- Favorable weather has contributed to progress at the TSF, with substantial earthworks and foundational preparations taking place.
- Completed facilities at the GAP blue collar camp support efficient workforce mobilization.
- Excavation and foundational work in the fine grinding area are ongoing, as additional underdrain installations proceed.
- The project remains on track for full commercial production by the end of the first half of 2026, establishing Gediktepe as a key player in low-cost copper production.
Details Regarding Warrant Amendments
On October 20, 2025, ACG made crucial amendments concerning its warrant instruments, reflecting the recent changes in trading currency.
Key adjustments include:
- Conversion of warrant instruments from USD to GBP.
- Adjustment of the Exercise Price from US$6.90 to £5.34, based on prior market valuations.
- Removal of conditions previously tied to the redemption of warrants.
The inclusion of these amendments requires no consent from Warrant Holders, facilitating a smoother operational procedure in alignment with corporate governance principles.
About ACG Metals
Founded with a vision to reshape the copper industry, ACG Metals is on a journey toward sustainable growth through strategic acquisitions and operational excellence.
Since acquiring the Gediktepe Mine in September 2024, ACG aims to transition to primary copper and zinc production by 2026, targeting steady-state copper equivalent outputs of 20-25 kt. The mine produced a significant yield of 57koz of AuEq last year.
ACG is guided by a proficient team rich in M&A experience, committed to best practices in environmental, social, and corporate governance while fostering a culture of innovation.
As we advance, we remain fully engaged with our stakeholders to ensure the continued success and sustainability of ACG Metals Limited (NASDAQ: ACGAF).
Frequently Asked Questions
What are the main highlights of ACG's operations in Q3 2025?
ACG Metals reported progress on its production targets, cost efficiency, and significant developments in the Sulphide Expansion Project.
How does ACG Metals plan to improve its production?
The company aims to enhance production efficiency through strategic operational improvements and the ongoing Sulphide expansion.
What adjustments were made to the company's warrant instruments?
The company converted the warrant denominations from USD to GBP and adjusted the exercise price in alignment with market conditions.
What is the timeline for full commercial production at Gediktepe?
ACG Metals projects full commercial production by the end of the first half of 2026, reinforcing its position as a low-cost producer.
What is the company's approach towards sustainability?
ACG Metals focuses on incorporating sustainable practices into its operations, aiming to align with best environmental and governance standards.
