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An announcement from Adriatic Metals Plc ( (GB:ADT1) ) is now available.
Adriatic Metals has announced significant progress in their operations and financing for the Vares Silver Operation. The company has achieved record production levels with their Rupice Mine and Vares Processing Plant now operating 24/7. Despite earlier challenges, mining and processing are on track, with commercial production expected soon. Financially, Adriatic has improved its liquidity through a $25 million prepayment arrangement with Trafigura and rescheduled debt repayments with Orion, allowing for enhanced flexibility and operational stability. Stakeholders can expect a steady ramp-up in production and a strong financial position going forward.
More about Adriatic Metals Plc
Adriatic Metals Plc is a developer of precious and base metals, primarily advancing the Vares Silver Operation in Bosnia & Herzegovina and the Raska Zinc-Silver Project in Serbia. The company is focused on producing from its Vares Silver Operation, which is fully funded to reach nameplate production levels, with ongoing exploration across its 44 square kilometer concession.
YTD Price Performance: -2.14%
Average Trading Volume: 153,335
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £674.1M
For an in-depth examination of ADT1 stock, go to TipRanks’ Stock Analysis page.
