ACG to Acquire Keşkek Licence to Extend Gold Production - TradingView

AI desk brief

ACG Metals says it has agreed to acquire the Keşkek gold licence in Türkiye for an initial US$4.0 million cash payment, plus up to US$3.85 million deferred at production start in mid-2027, with a 1% gross revenue royalty on gold mined. The deal is designed to extend oxide feed for ACG’s existing Gediktepe heap-leach facility by several years, supporting continued primary gold output after the company exhausts its own oxide ore.

The company says the initial Keşkek pit contains about 300 kt grading 0.90 g/t Au at a 1:1 strip ratio, while its internal technical review points to a broader 1.5 Mt resource at 0.65 g/t Au. ACG also flags exploration upside of an additional 5–10 Mt grading 0.7–1.0 g/t Au, though that remains contingent on further drilling and permitting. Metallurgical testwork reportedly delivered 75–80% recoveries, improving to around 85% using ACG’s proprietary process.

From a market perspective, the transaction is supportive for ACG’s future gold production profile but is company-specific rather than a broader sector catalyst. The key near-term watchpoint is permitting and the expected October 2026 transfer approval; production is targeted for mid-2027 after residual leaching finishes. For the wider gold market, this is a modest supply-side positive over time, but not a material near-term price driver.