Core Viewpoint - ACG Metals has reported strong operational performance and financial results for H1 2025, highlighting strategic progress and a focus on transitioning to copper production while maintaining a solid balance sheet [1][2][3]. Financial Performance - H1 2025 revenue reached $71 million, with EBITDA of $36 million and cash flow from operations amounting to $31 million [6]. - The company reported a net debt of $46 million as of June 30, 2025 [6][9]. Operational Highlights - The Gediktepe Mine achieved 818 LTI-free days, indicating a strong safety record [5][9]. - Gold equivalent production increased by 3% to 22,263 ounces, while all-in sustaining costs (AISC) decreased by 13% to $1,060 per ounce [5][9]. - The average realized gold price rose by 37% to $2,950 per ounce, and the average realized silver price increased by 27% to $32 per ounce [5][9]. Strategic Milestones - ACG successfully completed a $200 million bond issuance to fund the Gediktepe sulphide expansion and refinance existing debt [4][9]. - The company appointed key personnel, including a Chief Operating Officer, to strengthen its operational capabilities [8]. - ACG began trading on the OTCQX Best Market under the ticker "ACGAF," enhancing its investor outreach and liquidity [3][14]. Project Development - The Gediktepe sulphide expansion project is on schedule and within budget, with 48% of engineering design completed and 15% of construction underway [8][9]. - The mine is expected to transition to full commercial production of copper and zinc concentrates by the end of H1 2026 [2][8].