The London-listed miner reported a robust performance for the first half of 2026, driven by a 64% increase in realized gold prices and a 142% surge in silver prices compared to the same period last year. Despite a 17% dip in total production—a planned outcome during the operational shift from oxide to sulphide ore—the company’s proprietary heap leach technology pushed commercial gold recovery to 85%, significantly lowering cyanide consumption.

Construction at the Gediktepe site reached 87.2% completion by June 30. With major equipment now on-site and primary civil works finished, the company is preparing for a transition to copper-equivalent reporting metrics in the second half of the year. Financial standing remains stable, with net debt at $140 million against a $60 million cash balance. CEO Artem Volynets confirmed that the majority of project capital expenditure is behind them, positioning the company to meet its full-year guidance of 20–22 kt of copper equivalent.