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ACG Metals beats 2026 oxide gold target early as prices surge, advancing copper project in Türkiye.

Market News
14 Jul 2026
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Bullish
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ACG Metals exceeded its full-year oxide gold production target in the first half of 2026, producing 18,487 ounces versus a target of 17,500 ounces, despite a 17% drop in output due to stockpile processing after oxide mining ended in 2025. The company benefited from a 64% rise in gold prices and a 142% increase in silver prices, boosting revenues. Costs rose 52% due to higher royalties and lower volumes. Progress on the Gediktepe Sulphide Expansion Project reached 87.2% completion, with copper and zinc concentrate production expected to start in August. ACG maintains full-year copper equivalent guidance of 20,000 to 22,000 tonnes at all-in sustaining costs of $2.40 to $2.60 per pound. The company also advanced a heap-leach recovery process improving gold recovery and reducing cyanide use. Net debt was $140 million with $60 million cash at mid-year, and most project capital spending is complete.

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