ACG Metals Boosts Gediktepe Valuation to $1.2 Billion

The updated Competent Person's Report, prepared by SRK Consulting, outlines a transformation of the site from a short-term gold operation into a long-life copper and zinc producer. Ore reserves have grown by approximately 43%, reaching 26.5 million tonnes. This expansion includes a 34% increase in copper and a 19% rise in gold content, providing a more robust foundation for the company's long-term production goals.

Management has revised its 2026 production guidance to 12–14 thousand tonnes of copper equivalent, citing a strategic decision to rephase sulphide output into 2027 to ensure a safer and more reliable plant commissioning. Despite this deliberate ramp-up, the average annual production for 2027–2031 is now expected to rise by 60% compared to earlier targets. The company also confirmed that an enriched ore treatment project, now accelerated to begin in the third quarter of 2027, will contribute an additional 84 thousand tonnes of copper equivalent over the life of the mine. CEO Artem Volynets noted that the operation has evolved into a fully funded, multi-stream facility, with first copper concentrate already achieved as of August 31, 2026.