ACG METALS LIMITED: FY and Q4 2025 Operations Update
Prnewswire·2026-01-19 07:01

Core Viewpoint - ACG Metals Limited has reported strong operational performance for Q4 2025 and FY 2025, exceeding production guidance and demonstrating effective cost management, while advancing its transition to a copper producer through the Gediktepe Sulphide Expansion Project [1][3][5]. Production and Financial Performance - ACG produced 39.2 koz AuEq in Q4 2025, which is 3% above the top end of its production guidance, and sold 39.5 koz AuEq during the same period [3]. - C1 cash costs decreased by 18% to US$499/oz AuEq, while AISC increased to US$1,244/oz AuEq from US$1,139 year-on-year due to rising gold and silver prices [3][9]. - Total ore mined in FY 2025 was 351,723 tonnes, down 51% from 2024, with an average gold grade of 2.26 g/t (+4%) and silver grade of 75.4 g/t (+21%) [8][15]. Future Guidance - For 2026, ACG anticipates CuEq production of 20 – 22 ktpa, including 17.5 koz AuEq of oxide production currently under leach, with AISC expected to be approximately US$2.40 – US$2.60/lb CuEq [4]. - The Gediktepe Sulphide Expansion Project is on track for commercial production by the end of H1 2026, with significant progress made in construction and engineering [5][14]. Debt and Financial Position - As of December 31, 2025, ACG's net debt was US$65 million, with a cash balance of US$144 million, including a restricted balance of US$46 million [6][17]. - The company is in full compliance with its bond terms following the payment of the January 2026 coupon for its US$200 million Nordic bonds [17]. Safety and Sustainability - ACG reported an LTIF of 0.66 for 2025, with a focus on improving contractor workplace safety as construction activities peak in H1 2026 [10]. - The company is progressing on its ESG initiatives, with an inaugural annual Sustainability Report expected to be published in April [11]. Strategic Positioning - ACG aims to establish itself as a leading growth copper company on the London Stock Exchange, leveraging its operational capabilities and strategic projects [7][22].