REG - ACG Metals Ltd. - Berenberg and Canaccord Initiate Coverage

ACG MetalsAnnouncement

18/06/2025 08:15

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RNS Number : 3461N  ACG Metals Limited  18 June 2025

18(th) June 2025

 

ACG Metals

ACG METALS LIMITED

("ACG" or the "Company")

Berenberg and Canaccord Initiate Coverage on ACG Metals with 'Buy' Rating

ACG Metals Ltd. ("ACG" or the "Company") (LSE: ACG) is pleased to announce
that Joh. Berenberg, Gossler & Co. KG ("Berenberg") and Canaccord Genuity
Limited UK ("Canaccord"), two leading independent global investment banks,
have initiated equity research coverage on the Company.

Berenberg and Canaccord Initiate Equity Research Coverage on ACG Metals Ltd.

The equity research coverage is led by William Dalby, Analyst in Metals &
Mining at Berenberg, and Tim Huff, Analyst in Metals & Mining at
Canaccord, both whom bring extensive experience in analysing the sector and
providing insights on global mining companies. Their research offers
institutional and retail investors an independent perspective on ACG's
strategy, operations, and market positioning as it transitions the Gediktepe
Mine from gold oxide to copper sulphide production.

The transition is supported by a fully funded US$146m sulphide expansion, with
site works underway and plant construction scheduled to commence in Q3 2025.
First sulphide production is expected in Q2 2026, marking a key milestone in
ACG's long-term growth strategy

The initiation of coverage by Berenberg and Canaccord represents an important
step in expanding ACG's visibility within the investment community.
Independent research plays a key role in enhancing market transparency, and we
welcome their analysis as we continue executing our growth strategy and
delivering value to shareholders.

Artem Volynets, Chief Executive Officer of ACG, said:

"We are pleased to welcome expert analyst coverage from Berenberg and
Canaccord confirming our compelling equity story. As outlined in the research
reports, ACG Metals is founded on best-in-class management, a highly
cash-generative asset in Turkey, and a disciplined long-term M&A strategy.
As we continue to build our brownfield expansion project at Gediktepe on time
and on budget, this coverage should increase our visibility and give the
market further insight into our strategy, execution, and a massive potential
for the long-term value creation."

- 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 (mailto: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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