Adriatic Metals Plc (GB:ADT1) has released an update.
Adriatic Metals PLC reports a significant increase in ore production with August marking a record month at the Rupice Mine and expects to ramp up to two active stopes by December 2024. Despite earlier development delays, the company anticipates reaching commercial production levels by year-end, although total 2024 production will fall short of initial guidance. The Vares Processing Plant is increasing concentrate production, with improvements expected as operations stabilize, and Adriatic is effectively managing the impact of a recent Constitutional Court ruling on its storage facilities.
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