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ACG金属.pdf

上传人: 芦苇 编号:1146446 2026-02-14 15页 4.40MB

1、LON:ACG|LON:ACGW|XETR:ACG|OTCQX:ACGAF|Bond ISIN:NO00134145651ACG MetalsPrecious Metals Summit ZurichNovember 2025LON:ACGLON:ACGWXetra:ACGBond ISINNO0013414565OTCQX:ACGAFLON:ACG|LON:ACGW|XETR:ACG|OTCQX:ACGAF|Bond ISIN:NO00134145652DisclaimerIMPORTANT:Please read the following before continuing.The fo

2、llowing applies to this document,which has been prepared and issued by,and is the sole responsibility of,ACGMetals Limited(the“Company”),to the oral presentation of the information by members of the Companys management and to any statements made during any question and answersession that follows the

3、 oral presentation(collectively,the“Information”),each of which should be considered together and not taken out of context.The Information is strictly confidential,is in summary draft form,is solely for discussion and feedback purposes and must not be relied upon for any purpose.It does not purport

4、tocontain all information required to evaluate or make any determination about the Company and/or its financial position.The Information does not constitute a recommendationregarding any loans financial instruments or securities(collectively,“Obligations”)of the Company.The Information must not be d

5、isclosed,taken away,reproduced,redistributed,copied or passed on,directly or indirectly,to any other person or published or used in whole or in part,for any purpose.By accepting to attend the presentation to which the Information relates and access the Information,you agree that you will not distrib

6、ute,disclose or provide anyInformation to any other person and you agree to be bound by the provisions herein.If this document has been received in error it must be returned immediately to the Company.Failure to comply with these restrictions may constitute a violation of applicable securities laws.

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1. **公司概况**:ACG Metals(LON: ACG/ACGW, XETR: ACG, OTCQX: ACGAF)是一家专注于铜、金、锌、银的矿业公司,核心资产为土耳其Gediktepe铜矿,拥有426.1Mt矿石资源(CuEq品位2.32%),年产能20-25kt CuEq。 2. **财务表现**:市值3.11亿美元,企业价值3.44亿美元,现金1.37亿美元;2024年自由现金流8900万美元,2025年预期6500万-7500万美元;2026-2034年平均FCF 9600万美元。 3. **成本优势**:2024年AISC 1139美元/盎司金当量(全球第一梯队),2025年Q3降至1131美元/盎司;铜AISC 1.94美元/磅(低四分之一分位)。 4. **扩张计划**:硫化物扩建项目(1.46亿美元)已完成58%工程,2026年H1投产;目标通过收购实现200-300kt CuEq产能(3-5年内)。 5. **股东回报**:债券价格自发行上涨8.3%,股价年涨160%,权证涨777%;2027年可行使债券赎回权(当前价格109美元,YTM 11.5%)。
**ACG股价表现如何?** **Gediktepe矿有何优势?** **ACG未来增长计划?**
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