What Anagold Madencilik does

Anagold Madencilik San. ve Tic. A.Ş. is a Turkish gold mining company that operates the Çöpler Gold Mine in the İliç district of Erzincan province, Eastern Anatolia. Founded in 2000 and structured as a joint venture between Cengiz Holding and Lidya Madencilik, the company runs an open-pit gold operation with two processing streams: an Oxide Ore Production Plant commissioned in December 2010 and a Sulfide Processing Plant commissioned in Q4 2018 that is the only facility of its kind in Turkey and one of very few worldwide. The sulfide line extends the mine's reserve life to 20 years and underpins the company's claim to supply a significant portion of Turkey's domestic gold needs. Supporting infrastructure includes a SART (Sulfidization, Acidification, Recycling, Thickening) plant commissioned in 2014 that reduces cyanide consumption and enables reagent recovery, plus an in-house Çöpler Analytical Laboratory accredited by TÜRKAK for 13 parameters under ISO/IEC 17025 and operating across 68 testing parameters for process optimization and environmental monitoring.

The company sells gold as a commodity into the Turkish market through direct sales to central banks, jewelry manufacturers, and precious metals traders, with revenue driven entirely by realized gold prices and production volumes. Anagold directly employs approximately 2,700 people at the mine site, with a broader regional impact of roughly 50,000 individuals including subcontractor workers and families, and has invested approximately $2 billion in the region since inception. Operational credentials include ISO 9001, ISO 14001:2015, ISO 27001, ISO 50001, and ISO/IEC 17025 certifications, KVKK data-protection compliance, and an Environmental and Social Impact Assessment regime.

The company maintains an active exploration (Arama) function across Turkey beyond Çöpler's existing reserves, signaling potential expansion of the asset pipeline. Corporate social responsibility is delivered through the Social Development Fund (SKF), which has financed 194 community projects covering beekeeping, livestock, agriculture, small business development, and social development in the İliç and surrounding region, alongside a village resettlement project completed in 2011 that was the first private-sector resettlement in Turkey's mining sector. The legal entity is Anagold Madencilik San. ve Tic. A.Ş., headquartered at Mustafa Kemal Mahallesi, Çankaya, Ankara, with the mine operation at Çöpler Köyü Mevkii, İliç, Erzincan.

Name

Anagold Madencilik

Legal name

Anagold Madencilik San. ve Tic. A.Ş.

Website

https://anagold.com.tr

Company type

Private

Founded year

2000

Operating status

Operating

Short description

Anagold Madencilik is a Turkish gold mining company operating the Çöpler Gold Mine in Erzincan through a joint venture of Cengiz Holding and Lidya Madencilik. It produces gold via oxide and sulfide ore processing, supplying a significant portion of Turkey's domestic gold needs.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Gold mining
• Ore processing
• Mineral exploration
• Sulfide processing
• Precious metals production

Headquarters

HQ city

Ankara

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Gold Production and Sale: Anagold operates the Çöpler Gold Mine in Erzincan, Turkey, producing gold through both oxide and sulfide ore processing. The company sells gold to supply Turkey's gold needs. Revenue is generated through the sale of extracted gold as a commodity.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Anagold Madencilik operates the Çöpler Gold Mine in Erzincan, Turkey, producing gold through open-pit mining with both oxide ore processing (commissioned 2010) and modern sulfide ore processing (commissioned 2018). The company extracts and sells gold as a commodity, supplying a significant portion of Turkey's gold needs, supported by an in-house ISO/IEC 17025 accredited analytical laboratory, environmental operations, and mineral exploration activities.

Product overview

Anagold Madencilik is a gold mining company operating the Çöblers Gold Mine in Erzincan, Turkey. The company operates a dual-processing system consisting of an Oxide Ore Production Plant (commissioned 2010) and a Sulfide Processing Plant (commissioned 2018), both producing gold from open-pit mining operations. The operation is supported by the in-house Çöblers Analytical Laboratory (ISO/IEC 17025 accredited), environmental operations, exploration activities, and the Social Development Fund (SKF) for community development. The sulfide technology represents Turkey's first and a rare global example, extending mine life to 20 years.

Differentiator

Problem solved

Functional benefit

Products and services

• Çöpler Altın Madeni (Çöpler Gold Mine) The main open-pit gold mining operation located in İliç, Erzincan Province, Eastern Anatolia, Turkey. Operates dual oxide and sulfide ore processing facilities producing gold to meet a significant portion of Turkey's gold needs, with mine life extended to 20 years via the sulfide project.
• Çöpler Sülfit İşleme Tesisi (Sulfide Processing Plant) Sulfide ore processing facility that began production in 2018. Uses modern sulfide processing technology to extract gold from sulfide ores not treatable by conventional methods, increasing the total recoverable gold reserves at the Çöpler mine.
• Oksitli Cevher Üretim Tesisi (Oxide Ore Production Plant) Original gold processing plant commissioned in 2010 that produces gold from oxide ore via cyanide leaching and gold pouring operations.
• Çöpler Analitik Laboratuvarı (Çöpler Analytical Laboratory) In-house analytical laboratory providing testing services across 68 different parameters. TÜRKAK accredited for 13 parameters under ISO/IEC 17025, supporting production process optimization, environmental impact control, and resource development studies for the mining operation.
• Arama Faaliyetleri (Mineral Exploration) Mineral exploration activities across Turkey beyond Çöpler reserves, including geological surveys and resource development work to identify and evaluate new gold deposits.
• Çevre Operasyonları (Environmental Operations) Environmental monitoring, carbon management, biodiversity conservation, rehabilitation, waste management, and ISO 14001:2015 certified environmental management services supporting the mining operation.
• Sosyal Kalkınma Fonu (SKF) — Social Development Fund Social development fund supporting local communities in İliç and surrounding areas through 74 beekeeping, 69 livestock, 17 agriculture, 28 small business development, and 6 social development projects, with approximately 1.5 million USD in CSR project support to date.

Quantifiable outcome

• Mine life extended to 20 years with sulfide project
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Cengiz HoldingcoreStrategic or Co-development PartnerCengiz Holding is a joint venture partner with Lidya Madencilik in Anagold Madencilik. The company operates under the partnership of Cengiz Holding and Lidya Madencilik.
• Lidya MadencilikcoreStrategic or Co-development PartnerLidya Madencilik is a joint venture partner with Cengiz Holding in Anagold Madencilik. The company operates under the partnership of Cengiz Holding and Lidya Madencilik.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• SSR Mining (former Alacer Gold): SSR Mining (which absorbed Alacer Gold) is the historical operator and partner of the Çöpler Gold Mine. It is a direct, asset-overlapping peer producing gold from the same mine that defines Anagold's revenue.
• Eldorado Gold: Eldorado operates the Kışladağ gold mine in Turkey and runs gold operations globally, making it a directly comparable mid-tier gold producer with overlapping Turkish footprint and similar open-pit heap-leach model.
• Koza Altın İşletmeleri: Koza Altın is Turkey's largest domestic gold producer, operating multiple mines in Anatolia. It is a directly comparable Turkish gold miner competing for domestic supply of the same national gold demand.
• Alamos Gold: Alamos Gold operates mid-tier gold mines including the Çöpler-related context and other Turkish/North American assets. Comparable as a mid-cap gold producer with both open-pit and underground operations.
• Centerra Gold: Centerra is a mid-tier gold producer with operating mines across multiple jurisdictions, comparable to Anagold in scale, single-commodity exposure, and reliance on a few flagship assets.

Broad incumbents

• Agnico Eagle Mines: Agnico Eagle is a senior gold producer with a diversified portfolio of large-scale mines. Comparable to Anagold on commodity and business model but at substantially larger scale and geographic breadth.
• Kinross Gold: Kinross is a senior gold miner operating large open-pit and underground mines globally. Comparable on commodity and mining-method basis, though at materially larger scale than Anagold.
• Newmont Corporation: Newmont is the world's largest gold miner with diversified operations. Comparable as an industry incumbent in the same commodity and processing methodologies as Anagold.
• AngloGold Ashanti: AngloGold Ashanti is a senior global gold producer with multiple large mines. Comparable on commodity exposure and large-scale open-pit gold mining operations.

Others

• Lidya Madencilik: Lidya Madencilik is one of Anagold's JV partners and itself operates gold/copper projects in Turkey. Included as a directly related Turkish mining peer, although partly a partner rather than pure competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/anagoldmaden
• Facebookfacebook.com/anagoldmadencilik
• LinkedInlinkedin.com/company/anagold-madencilik-a-
• Instagraminstagram.com/anagoldmadencilik

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

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 Anagold Madencilik