S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

ACG Metals Starts Copper Production at Gediktepe Mine

London-based miner ACG Metals has officially transitioned into a copper producer, reporting the first concentrate output from its Gediktepe operation in Türkiye on August 31. The milestone marks the successful pivot of the site, which previously focused on gold and silver, toward a new copper-heavy strategy.

ACG Metals Starts Copper Production at Gediktepe Mine
Photo: Bio & News

Commissioning at the Turkish facility is proceeding according to the company’s internal timeline, with the site now moving into a ramp-up phase. Management is shifting its focus toward scaling throughput and optimizing plant performance to hit full operational capacity by the end of 2026.

Artem Volynets, Chairman and CEO of ACG, described the production as a defining milestone that validates the team’s execution capabilities. The company intends to increase recovery rates and deliver consistent concentrate quality as it moves toward a steady-state target of 20-25kt of copper equivalent production annually. ACG acquired the Gediktepe asset in September 2024 and has spent the subsequent two years retooling the mine for its current copper and zinc output.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!