ACG METALS LIMITED (ACG) — H1 Financial Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the ACG METALS LIMITED Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review your questions submitted today and publish responses what is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to the management team of ACG METALS LIMITED, Artem Patrick. Good afternoon. Thank you so much, and welcome, everyone. Appreciate you taking time to listen to us. Today, it's, Patrick and I, presenting. I'm Artem. I'm founder of China, CEO of ACG, and Patrick is a chief financial officer. Happy to give you more background on ourselves, but the purpose of this call is to talk about our h one performance. Just to remind everyone what ACG METALS is, it's a company which essentially is just a year and two weeks old. Over the time, we have grown to a stable cash producer with a healthy balance sheet, net debt of 46,000,000, 160,000,000 cash on balance, halfway through transitioning from production of gold to production of copper. Last year, 90,000,000 in free cash flow. This year, between 65 and 75 according to our guidance of 36,000 to 38,000 ounces of production. Once we complete our sulfide expansion, we shall be producing around 20,000 to 25,000 tonnes of copper equivalent per year. Our key asset, a starter asset, is a high grade, low cost, open pit, polymetallic mine in Turkey, currently producing gold with the first...