ACG Metals reports a 64% rise in realized gold price to $4,838 per ounce, accelerating full-year production targets.
ACG Metals Ltd (LSE:ACG, OTC:ACGAF) exceeded its full-year oxide production target within six months, driven by a 64% increase in its realized gold price to $4,838 per ounce. The company now expects first copper and zinc concentrate production in August.
The surge in gold prices outpaced prior-year levels, supporting operational momentum. ACG had previously set conservative production benchmarks, which were revised upward following stronger-than-expected market conditions.
No immediate market reaction was disclosed in the update.