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LONDON - ACG Metals Limited (LSE:ACG), a company focused on consolidating the copper industry, has published its 2024 Annual Report, which is now accessible on the company’s website. The report for the year ending December 31, 2024, has also been submitted to the UK’s Financial Conduct Authority and can be viewed through the National Storage Mechanism.
The 2024 Annual Report comes after ACG’s successful acquisition of the Gediktepe Mine in September 2024, which is anticipated to start its primary copper and zinc production in 2026. The mine’s output for 2024 was reported at 55,000 ounces of gold equivalent (AuEq).
ACG Metals is actively pursuing its strategy to achieve a significant production scale, aiming for an annual steady-state copper equivalent production of 20-25 thousand tonnes. The company’s long-term goal is to secure 200,000-300,000 tonnes of copper equivalent production each year over the next three to five years through further acquisitions.
The company’s management team, with years of experience in mergers and acquisitions within the sector, is committed to adhering to best-in-class environmental, social, and governance (ESG) standards and maintaining a low carbon footprint as they expand.
The information is based on a press release statement from ACG Metals Limited.
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