
ACG Metals says 'business as usual' at Gediktepe, on time and on budget, despite macro volatility
12/03/2026
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5:21
ACG Metals Ltd (LSE:ACG, OTC:ACGAF) Chairman and CEO Artem Volynets talked with Proactive's Stephen Gunnion about progress at the company’s Gediktepe project in Turkey, alongside Vice President of Projects Graeme Rapley. The discussion focused on construction progress, the impact of geopolitical volatility on operations, and the company’s production outlook as it advances the Sulphide Expansion.
Volynets explained that despite heightened geopolitical concerns in global markets, operations at Gediktepe have not been affected. The project is located in Western Turkey, far from regional tensions, allowing the company to continue development without disruption. He noted that the company is continuing to produce and generate cash flow while building out the Sulphide Project. According to Volynets, “we have effectively zero impact from current geopolitics… for us, it's business as usual.”
Rapley provided an update on construction progress at the site, highlighting the arrival of the final major piece of equipment for the mill. With the mill now positioned on its foundations, teams are progressing with structural steel installation and continuing the assembly of key processing infrastructure, including flotation cells and several thickeners.
The Sulphide Project remains on time and on budget, with production in the middle of this year. During the first half of the year, the company is producing gold and silver doré from oxide ore previously mined, supporting strong margins. Once the flotation plant comes online, the operation will transition to producing copper and zinc concentrates with gold and silver by-products.
Volynets reiterated the company’s production guidance for the year of 20,000 to 22,000 tonnes of copper equivalent, with life-of-mine average production expected to reach 20,000 to 25,000 tonnes annually.
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