REG - ACG Metals Ltd. - Appointment of Chief Operating Officer

ACG MetalsAnnouncement

30/06/2025 07:05

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RNS Number : 9353O  ACG Metals Limited  30 June 2025

30(th) June 2025

 

ACG Metals

ACG METALS LIMITED

("ACG" or the "Company")

Appointment of Chief Operating Officer

ACG is pleased to announce the appointment of Peter Carter as its Chief
Operating Officer.

 

Mr Carter brings over 40 years' experience in mine engineering, operations
management and project development. He will play a key role as ACG advances
its copper growth strategy, leading operations for ACG globally, starting with
the Gediktepe Mine and working closely with the senior management team to
deliver on the Company's acquisition plans.

 

Prior to joining ACG, Mr Carter held a key leadership role at the Frontier
Mine (DRC), where he successfully managed a multi-phase expansion, doubling
production capacity from 100,000 to 200,000 tonnes per day twice in the period
of 20 months. Earlier in his career, he held executive and technical
leadership roles at Centerra Gold and True Gold Mining, where he was
responsible for the construction and optimisation of large-scale open-pit and
heap leach operations in Central Asia, West Africa, and the Americas. Mr
Carter holds a degree in Mining Engineering from Montana Tech and an MBA from
Queen's University.

 

Over the course of his career, Mr Carter has led teams through technically
complex mining projects and has demonstrated a strong track record of
delivering results across emerging and frontier markets. His expertise in both
project execution and operational readiness will support ACG as it advances
its next phase of development.

Artem Volynets, Chief Executive Officer of ACG, said:

"Peter's appointment further strengthens our leadership team as we seek to
scale ACG's operations and become a leading copper producer on the London
market. That we have been able to attract someone of Peter's calibre and
experience less than a year after acquiring Gediktepe is testament to our
strategy and the hard work of the team we are building.

 

Peter's unrivalled technical expertise, hands-on operational experience, and
track record of delivering complex projects in challenging jurisdictions will
make him a valuable addition to our team. We are excited to get to work,
particularly as the planned sulphide expansion at Gedikepe progresses on
schedule and on budget towards first production in 2026."

- ENDS -

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:

 

Palatine

Communications Advisor

Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed

acg@palatine-media.com

 

Berenberg

Research Analysts

William Dalby +44 (0) 20 3753 3243

Richard Hatch +44 (0) 20 3753 3070

Cody Hayden +44 (0) 20 3753 3133

 

Joint Broker

Jennifer Lee / Natasha Ninkov

+44 (0) 20 3207 7800

 

Canaccord

Research Analysts

Tim Huff +44 (0) 20 7523 8374
 

Alex Bedwany +44 (0) 20 7523 8387

 

Joint Broker

James Asensio / Charlie Hammond

+ 44 (0) 20 7523 80

 

Stifel

Research Analysts

Andrew Breichmanas +44 (0) 20 3465 1110

 

Joint Broker

Ashton Clanfield / Varun Talwar

+44 (0) 20 7710 7600

 

 

 

About the Company

 

ACG Metals is a company with a vision to consolidate the copper industry
through a series of roll-up acquisitions, with best-in-class ESG and carbon
footprint characteristics.

 

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 55koz of AuEq in 2024.

 

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.

 

For more information about ACG, please visit: www.acgmetals.com
(http://www.acgmetals.com)

 

 

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