
ACG Metals CEO on initiation of broker coverage as Q1 2026 expansion remains on track
2025-07-03
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5:11
ACG Metals Ltd Chairman and CEO Artem Volynets talked with Proactive about the company’s progress on its copper expansion and broader operational plans. Volynets confirmed that ACG Metals remains on budget and on schedule to commission the copper flotation plant at Gediktepe in the first quarter of 2026. He noted that all long-lead items have already been ordered and that the project is proceeding “like clockwork.”
Discussing the company’s transition from gold to copper production, Volynets said this shift is expected to significantly increase EBITDA and free cash flow. “Even from Gediktepe our targeted EBITDA is published on base case scenario, which means consensus pricing is $110 million,” he stated, adding that at spot prices this could rise to around $225 to $230 million.
He also addressed the impact of recent equity research coverage from Berenberg and Canaccord, highlighting that it has improved ACG Metals’ visibility with institutional investors and helped reinforce confidence in the company’s strategy.
Finally, Volynets introduced Peter Carter as the new chief operating officer. Carter brings 40 years of experience and is expected to strengthen operations in Turkey and contribute to future M&A activity.
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