ACG Metals Cuts Costs and Advances Gediktepe Expansion Amid Transition Year

ACG Metals Limited Class A ( (GB:ACG) ) just unveiled an announcement.

ACG Metals reported Q1 2026 production of 12,168 oz gold-equivalent, down 22% year-on-year as the Gediktepe mine transitions from oxide to sulphide ore, with gold-equivalent sales falling 30% and no new oxide mining after 2025. Despite lower volumes, C1 cash costs dropped 12% to US$387/oz AuEq, while AISC rose 49% to US$1,438/oz AuEq on higher royalties, and sharply higher realised gold and silver prices bolstered revenues.

Safety performance showed an early-quarter rise in lost time injuries before training initiatives drove improvement, with no LTIs recorded in March and project-to-date rates broadly stable. The Gediktepe Sulphide Expansion Project is progressing on schedule and within budget toward mid-2026 production, the enriched ore project is moving through design, procurement and permitting phases, and net financial debt remains low at US$78 million against US$122 million in cash, underscoring a solid balance sheet to fund growth.

The most recent analyst rating on (GB:ACG) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on ACG Metals Limited Class A stock, see the GB:ACG Stock Forecast page.

More about ACG Metals Limited Class A

ACG Metals Limited is a London-listed mining company transitioning its Gediktepe operation from oxide to sulphide ore, with a strategic focus on becoming a long-life copper producer while continuing to generate gold and silver output. The company is advancing multiple growth projects and maintains a relatively conservative capital structure to support its development pipeline.

Average Trading Volume: 15,692

Technical Sentiment Signal: Buy

Current Market Cap: £381.8M

For detailed information about ACG stock, go to TipRanks’ Stock Analysis page.