IN BRIEF: Adriatic achieves commercial production at Vares operation

Adriatic Metals PLC - mining company operating in Bosnia & Herzegovina - Achieves commercial production at its Vares silver operation in Bosnia & Herzegovina, following the resolution of previous constraints related to tailings management. The firm has maintained plant throughput levels of 75% over 14 days, including 80% over 7 days, and reaching 2,000 tonnes per day, 90%, in late June. Construction of the Veovaca tailings storage facility had been completed in March, with initial tailings deposition beginning on April 2. Meanwhile, mining activities at the company's Rupice project are "progressing well", Adriatic Metals says, with around 900 metres of underground development completed in the second quarter. "We are proud to announce the achievement of commercial production at the Vares silver operation, marking a significant milestone that demonstrates our ability to operate at production levels that support strong cash generation," says Adriatic Metals Chief Executive Officer & Managing Director Laura Tyler. Earlier this month, Adriatic Metals had accepted a USD1.25 billion takeover offer from Dundee Precious Metals Inc.

Current stock price: 273.00 pence each, up 1.1% on Tuesday morning in London

12-month change: up 35%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.