H1 2026 Operations Update

 Exceeding Production Targets While Delivering Sulphide Project Milestones

LONDON, July 14, 2026 /PRNewswire/ -- ACG Metals Limited (LSE:ACG) is pleased to announce its operations update for the first half of 2026 ("H1 2026").

Artem Volynets (Chairman and CEO) and Patrick Henze (CFO) will provide a live presentation via Investor Meet Company on 21 July 2026, at 13:00 BST. To attend, investors can join via this link: https://www.investormeetcompany.com/acg-metals-limited/register-investor

H1 2026 Summary

Artem Volynets, Chairman and CEO of ACG, said:

"H1 2026 was a strong period for ACG, reflecting solid operational performance. We exceeded our full-year oxide gold production target in the first six months of the year, demonstrating the strength of our operating team, and disciplined execution.

Construction of the Gediktepe Sulphide Expansion Project also progressed on schedule and within budget. First copper and zinc concentrate production is expected in August 2026"

H1 2026 Operating Summary

All oxide mining was complete at the end of 2025

Safety And Sustainability

Oxide Operation

Patented Proprietary Recovery Process

Strong Momentum Continues Across Sulphide Expansion Works

Enriched Ore Project Underway

Capital Structure

Financial net debt is calculated using long‑term borrowings at their contractual value, including the US$200 million Nordic bond, net of cash held on the balance sheet (including cash in bank and escrow), and excludes IFRS timing effects and other non‑debt items.

Inside information

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain.

Forward looking statements

This announcement may contain certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements").  Forward-looking statements are identified by their use of terms and phrases such as "believe", "targets", "expects", "aim", "anticipate", "project", "would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements in this announcement are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of the Group and the environment in which it is and will operate in the future. All subsequent oral or written forward-looking statements attributed to the Company or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. Each forward-looking statement speaks only as of the date of this announcement. Except as required by applicable law, regulatory requirement, the UK Listing Rules and the Disclosure Guidance and Transparency Rules, neither the Company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

For further information please contact:

The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer. 

For further information please contact: 

Thirty Three Communications
Communications Advisor
acgmetals-client-success@thirtythreecomms.com

Berenberg
Research Analysts
Richard Hatch
+44 (0) 20 3753 3070

Joint Broker 
Jennifer Lee
+44 (0) 20 3207 7800

Canaccord 
Research Analysts 
Tim Huff +44 (0) 20 7523 8374                       

Joint Broker 
James Asensio /Rory Blundell / Charlie Hammond
+ 44 (0) 20 7523 4680 

Stifel 
Research Analysts 
Alex Bedwany +44 (0) 7788 392045

Joint Broker 
Ashton Clanfield / Varun Talwar
+44 (0) 20 7710 7600

Cantor Fitzgerald 
Research Analysts
Puneet Singh +1 (416) 350-8153 

About the Company

ACG Metals is a company with a vision to build a global, high-margin, copper-focused producer with safe, efficient, and sustainable operations.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe produced 39.2koz of AuEq in 2025.

ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance. 

LON: ACG  |  OTCQX: ACGAF  |  LON:ACGW  |  Xetra: ACG  |  Bond ISIN: NO0013414565

  For more information about ACG, please visit: www.acgmetals.com

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SOURCE ACG METALS LIMITED