LİDYA

What LİDYA does

Lidya Madencilik Sanayi, Ticaret ve Anonim Şirketi is a privately held Turkish mining company, founded in 2010 as a wholly-owned subsidiary of diversified conglomerate Çalık Holding and headquartered in Istanbul with an operational office in Ankara. The company operates across the full mining lifecycle — exploration, development, construction, and operation — focused on three primary commodities: gold, copper, and silver, with secondary exposure to zinc and polymetallic deposits.

Its asset portfolio spans the value curve: a financial-investment stake in Çöpler, Turkey's largest gold mine (which has produced over 3 million ounces since 2010 and is operated by Anagold Mining under Alacer Gold lineage); a retained interest in Hod Maden, a world-class high-grade copper-gold deposit in Artvin now partnered with SSR Mining, Royal Gold, and Sandstorm Gold; copper-focused exploration projects at Cevizlidere and Bakırtepe in northeastern Turkey; the Kazıkbeli skarn copper discovery; a fully owned advanced gold project in Uzbekistan's Navoi region; and a divested but still-equity-linked position via the 33% stake in London-listed ACG Metals (formerly Gediktepe). Technology deployment centers on conventional but technically demanding mineral processing: heap leaching with Merrill Crowe recovery for oxide ore and pressure oxidation (POX) for refractory sulfide ore — the latter commissioned at Çöpler in 2018 and described as one of only a handful of comparable facilities worldwide.

The company makes money through two distinct mechanisms. Operationally, it produces and sells extracted gold, copper, and silver into global commodity markets at market-determined prices through standard metal-trading channels, with Çöpler's gold stream (via 20% interest) and prior Gediktepe output being the principal historic revenue sources. Financially, it functions as a project generator and capital partner, taking carried or strategic equity stakes in mines it discovered or developed and recycling capital via divestitures — most notably the USD 290 million Gediktepe sale to ACG in 2024. Go-to-market is consequently B2B across two axes: commodity markets (for physical metal sales) and international mining majors (SSR Mining, Royal Gold, Sandstorm, Zijin, ACG) for project-level partnerships, with PDAC-conference participation and bilingual digital presence as primary commercial channels.

Name

LİDYA

Legal name

Lidya Madencilik Sanayi, Ticaret ve Anonim Şirketi

Website

https://lidyamadencilik.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Lidya Madencilik is a privately held Turkish mining company exploring, developing, and operating gold, copper, and silver projects across Turkey and Uzbekistan. Founded in 2010 under Çalık Holding, it serves global commodity markets through a diversified portfolio of mines, development-stage assets, and exploration properties.

Ownership category

akta.pro rank

Product category

Gold and Copper Mining

NAICS

Support Activities for Metal Mining (213114)

akta.pro industry

PRIMARYIMAFADAE

Mining & Mineral Processing Facility Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Industrial Construction (Plants & Facilities)

Keywords

• Mineral exploration
• Gold mining
• Copper mining
• Mining operations
• Mineral processing

Headquarters

HQ city

Yenimahalle

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Gold Production and Sales: Revenue from gold extraction and sale through operations at Çöpler Gold Mine and other gold projects. Çöpler has produced over 3 million ounces since 2010.
2. Copper Production and Sales: Revenue from copper extraction and sale through projects including Hod Maden (copper-gold), Bakırtepe, Cevizlidere, and Çöpler operations.
3. Silver Production and Sales: Revenue from silver as byproduct of gold-copper operations, including production at Çöpler Gold Mine.
4. Financial Investment Returns: Returns from financial investments in mining projects where Lidya participates as investor rather than operator, such as Çöpler (20% stake) and ACG Metals (33% share after Gediktepe sale).

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Lidya Madencilik is a global mining company engaged in the exploration, development, construction, and operation of mineral projects, primarily producing gold, copper, and silver. The company manages a portfolio of operating mines, development projects, and exploration assets across Turkey and Uzbekistan, selling extracted commodities to global markets.

Product overview

Lidya Madencilik is a global mining company that operates a portfolio of mineral exploration, development, and production assets. The company focuses on three core commodities: gold (Au), copper (Cu), and silver (Ag). The product portfolio includes operating mines (Çöpler Gold Mine as financial investor), development projects (Hod Maden Copper-Gold Project in feasibility/construction phase), and exploration projects (Cevizlidere and Bakırtepe copper projects in Turkey, plus an international gold project in Uzbekistan). The company has discovered four major mineral deposits since 2013, manages 10Moz Au + 2MT Cu resource base, operates 2 mines, and has 4 mine development projects in its portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Çöpler Gold Mine Turkey's largest gold mine located in Erzincan province, operated by Anagold Mining. Lidya participates as a financial investor. Has produced over 3 million ounces since 2010.
• Hod Maden Copper-Gold Project World-class high-grade copper-gold deposit located in Artvin province, northeastern Turkey. Feasibility completed and construction started. Partnership with SSR Mining and Royal Gold.
• Cevizlidere Copper Project Large-scale copper exploration project located in Tunceli, Turkey. Hosted within a Cu porphyry system with potential to reduce Turkey's external dependence on copper.
• Bakırtepe (Copper Hill) Advanced exploration project located in Gümüşhane province, northeastern Turkey. Distinguished by skarn-type mineralization with significant copper results and clean copper concentrate production potential.
• Uzbekistan Gold Project First international discovery by Lidya Madencilik in Navoi region of Uzbekistan. Advanced-stage gold project with strong potential and regional growth prospects. Fully owned by Lidya.

Quantifiable outcome

• 4 major mineral discoveries since 2013
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Zijin MiningcoreStrategic or Co-development Partner · 18 May 2026Strategic cooperation memorandum of understanding (MoU) signed in Beijing between Lidya Madencilik and Zijin, one of China's leading mining companies. This represents Lidya's expansion of international partnerships in the mining sector.
• ACG Acquisition Company Limited (ACG)coreStrategic or Co-development Partner · 18 July 2024ACG Acquisition Company acquired 100% ownership of Gediktepe Gold-Copper-Zinc Mine and sulfide expansion project for USD 290 million. Lidya became a 33% shareholder in ACG, which is listed on the London Stock Exchange. This was Turkey's first mining deal to go public with an IPO on the London Stock Exchange.
• SSR MiningcoreStrategic or Co-development Partner · 8 May 2023SSR Mining acquired up to 40% ownership interest and operational control of the Hod Maden Gold-Copper Project in northeastern Turkey from Lidya Madencilik. Hod Maden is a world-class, high-grade, high-margin deposit that received the PDAC Thayer Lindsley Global Exploration Award.
• Royal GoldcoreStrategic or Co-development PartnerRoyal Gold participates as a partner in the Hod Maden project alongside Lidya Mines and SSR Mining, contributing to the strong international partnership structure of the project.
• Anagold Mining (Alacer Gold subsidiary)coreStrategic or Co-development PartnerAnagold Mining operates the Çöpler Gold Mine since 2010. Lidya holds 20% stake as financial investor. Total investment exceeds USD 2 billion with over 3 million ounces of gold produced since 2010.
• GAP ConstructioncoreImplementation/ SI/ Consulting PartnerSister company that handled construction of Gediktepe plant during pandemic conditions and continues with Gediktepe Phase II sulfur construction. Works closely with Lidya on infrastructure projects and construction processes.
• GAP ConstructioncoreImplementation/ SI/ Consulting PartnerSister company that provides EPC (Engineering, Procurement, Construction) solutions to the mining community alongside Çalık Holding's infrastructure and energy solutions.
• Çalık EnergyminorStrategic or Co-development PartnerSister company providing energy solutions. Lidya has identified strong synergies between Lidya and group companies in energy, construction, and finance to expand presence in the mining sector.
• Polimetal MadencilikcoreStrategic or Co-development PartnerSubsidiary of Lidya Mining (JV Partner of Anatolia/Alacer/SSR) where Firuz Alizade served as General Manager and Head of Global Exploration. Responsible for discoveries of Gediktepe polymetallic deposit, Hod Maden Au-Cu deposit, and Kazıkbeli copper deposit.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Centerra Gold: Centerra Gold is a Canadian mid-tier gold producer with operations in Canada, Turkey, Mongolia, and Australia. Their diversified gold mining focus and multi-country footprint make them a broad incumbent peer with overlapping gold orientation.
• Zijin Mining: Zijin Mining is one of China's largest and most diversified mining companies with global operations across gold, copper, and other metals. Recently signed a strategic MoU with Lidya in 2026. Their broader commodity scope and global scale make them a broad incumbent rather than direct peer.
• IAMGOLD: IAMGOLD is a Canadian mid-tier gold producer with operations across West Africa and Canada. Their gold mining focus and mid-tier scale make them a broad incumbent comparable to Lidya in commodity focus and operational profile.

Direct peers

• Eldorado Gold: Eldorado Gold is a Canadian gold producer with established mining operations in Turkey (including Efemçukuru). Their parallel Turkish gold mining footprint, similar mid-tier scale, and gold focus with international operations make Eldorado a direct regional peer for Lidya.
• SSR Mining: SSR Mining is a Canadian gold and silver producer that acquired up to 40% operating interest and operational control of Hod Maden from Lidya in 2023. Their direct operational partnership on Lidya's flagship world-class copper-gold project and similar precious-metals focus make them a highly comparable peer.
• Torex Gold Resources: Torex Gold Resources is a Canadian intermediate gold producer operating Mexico's Morelos Complex. Their focused mid-tier gold production, exploration-driven growth approach, and comparable scale make them a directly relevant peer to Lidya.
• Alamos Gold: Alamos Gold is a Canadian mid-tier gold mining company with multiple operating mines in North America and Turkey (operating the Çöpler neighbor). Their comparable mid-tier scale, gold-focused multi-asset approach, and exploration track record make them a directly comparable peer for Lidya.
• Royal Gold: Royal Gold is a US precious metals royalty and streaming company that partnered with Lidya and SSR Mining on Hod Maden. Their involvement in the same flagship asset and shared exposure to gold/copper cash flow make them a directly relevant peer and partner.
• Sandstorm Gold: Sandstorm Gold is a Canadian royalty and streaming company also partnered with Lidya and SSR Mining on the Hod Maden project. Their shared exposure to Hod Maden production and similar royalty-driven model make them a directly comparable peer.

Emerging players

• ACG Metals: ACG Metals is a London Stock Exchange-listed mining company that acquired Gediktepe from Lidya for USD 290M in 2024. Lidya holds 33% of ACG Metals, creating a shared focus on Turkish copper-gold production and making ACG a directly relevant emerging peer alongside the partnership.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lidya-madencilik

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LİDYA