ACG Metals H1 Revenue Jumps 27% Driven by Surging Gold and Silver Prices

Key Facts

1ACG Metals reported a 27% increase in first-half revenue to US$90 million.

2Adjusted EBITDA increased by 19% to reach US$48 million.

3Higher gold and silver prices offset lower production during the Gediktepe mine transition.

Amid a robust period for the global mining sector, ACG Metals has demonstrated significant financial resilience despite operational transitions. The company reported a 27% increase in first-half revenue to US$90 million, driven primarily by a surge in realized precious metals prices. According to reports, adjusted EBITDA grew by 19% to reach US$48 million, highlighting the firm's ability to capitalize on favorable market dynamics even as it navigates site-specific developments.

The exceptional rise in metal prices effectively offset a 17% year-on-year decline in production during the Gediktepe mine’s transition to commercial sulphide operations. Realized gold prices climbed 64% to US$4,838 per ounce, while silver prices jumped 142% to US$78.2 per ounce. Per analyst data, all-in sustaining costs rose 52% to US$1,609 per ounce due to lower oxide volumes and higher price-linked royalties. Despite these costs, gold-equivalent production of 18,487 ounces has already surpassed the full-year oxide target, supported by a cash position of US$60 million as of June-end.

Investors should watch for the completion of the sulphide expansion project, which was 87.2% finished at the end of June, with the first copper concentrate produced on August 31, 2026. Market sentiment remains sensitive to broader economic indicators, such as the US Inflation Rate which held at 3.4% as of September 11, 2026. The ramp-up toward full commercial production of copper and zinc concentrates by the end of 2026 remains the primary catalyst for the company's valuation.