ACG agrees to acquire Keşkek to extend use of its Gediktepe gold-processing facilities

ACG announced a binding agreement for the Keşkek mining licence in Türkiye on 7 September 2026.

Price and conditions

The initial payment is $4m, subject to licence-transfer approval expected in October. Another $3.85m is linked to the environmental-permitting process, expected by mid-2027.

The seller retains a 1% gross gold-revenue royalty. ACG also owes $60 per ounce for additional gold outside the defined pit that is discovered and converted into reserves.

Operating rationale

Keşkek is approximately 70km from Gediktepe, allowing ore to use existing heap-leach infrastructure. Initial feed is based on an approximately 300,000-tonne pit grading 0.90g/t gold.

Management targets production in mid-2027, subject to permitting. Its larger resource and exploration-upside figures remain distinct from this initial feed plan and require further technical work.

Estimated acquisition, phased exploration and closure expenditure totals approximately $15m over ten years. The next tests are licence transfer, environmental approval and whether transport and recovery performance support the proposed processing economics.

Source: Company announcement, 7 September 2026.