ACG Acquisition completed the acquisition of the Gediktepe Mine from Çalık for $290m.

ACG Acquisition, a special purpose acquisition company, completed the acquisition of the Gediktepe Mine, a polymetallic mining operation, currently producing gold and silver, from Çalık, a Turkish company that has been operating in the energy, construction, mining, textile, and finance sectors, for $290m. "We are very proud to announce the acquisition of the Gediktepe mine, an existing gold and silver success story with a bright future in copper. This transaction is a testament to ACG's commitment to growth and our pursuit of operational excellence. It is a privilege for us to establish a strategic partnership with Lidya, who share our vision for long-term development in the mining industry and understand the significance of copper in today's world. This transaction will inaugurate ACG Metals as a premier copper producer on the London Stock Exchange. The Gediktepe mine offers us an ideal foundation for further consolidation of copper assets globally as the metal enjoys a sustained increase in demand," Artem Volynets, ACG Chairman and CEO.