ACG Metals Completes $290 Million Acquisition of Gediktepe Mine in Turkey

ACG Metals Chairman and CEO Artem Volynets joined Steve Darling from Proactive to announce news regarding the company’s successful completion of its $290 million acquisition of the Gediktepe Mine in Turkey's Balıkesir Province. The mine, currently producing gold and silver, will shift focus to copper and zinc, with the goal of generating 20,000 to 25,000 tonnes of copper equivalent per year over its 11-year lifespan, starting in 2026. Located in Western Türkiye, the Gediktepe Mine is an operating open-pit site that will transition to primary copper and zinc production from its oxide ore base. The acquisition not only enhances ACG's portfolio but also strengthens its strategic partnerships with Lidya and Çalık Holding. Additionally, equity commitments from ACG’s co-sponsors, Traxys, and global commodities group Glencore signal confidence in the company’s growth trajectory within the copper sector. Volynets emphasized that this acquisition marks the beginning of ACG’s expansion plans. He outlined the company's ambition to close additional deals that could boost its capacity to 200,000-300,000 tonnes annually in the next three to five years. #proactiveinvestors #acgmetals #lse #acg #CopperMining #GediktepeMine #MiningIndustry #CopperProduction #MiningNews #Investing #LondonStockExchange #MergersAndAcquisitions #GoldAndSilver #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews