29th Apr 2024 10:28
Adriatic Metals PLC - Cheltenham, England-based precious and base metals developer, with licences in Bosnia & Herzegovina and Serbia - Says underground development at its Vares silver project in Bosnia increased 27% in the first quarter of 2024 from the final quarter of 2023, with cycle times reduced by 31%. It expects nameplate production, meaning full capacity, in the final quarter of 2024. Adds that the Vares processing plant is continuing to ramp up production, and expects the first sale of concentrate in the second quarter of 2024. Staff headcount is 291 at the end of March, and cash balance is USD46.7 million. Read More
