Adriatic released an operations and financing update last week. On the operations front the mine remains on track for commercial production in December 2024 and effectively full capacity of 750kt to 800kt next year. Two active stopes are up and running, development rates are exceeding 300m per month while processing of the ore is ramping up (see figure 1) and grades are generally tracking the design model. The company also confirmed the new tailings facility at Veovaca is under construction with ....

18 Dec 2024
Operating Update – Cashflow on its Way

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Operating Update – Cashflow on its Way
Adriatic Metals Plc (ADT1:LON) | 256 0 0.0% | Mkt Cap: 885.7m
- Published:
18 Dec 2024 -
Author:
David Butler | Ivan Briechle -
Pages:
5 -
Adriatic released an operations and financing update last week. On the operations front the mine remains on track for commercial production in December 2024 and effectively full capacity of 750kt to 800kt next year. Two active stopes are up and running, development rates are exceeding 300m per month while processing of the ore is ramping up (see figure 1) and grades are generally tracking the design model. The company also confirmed the new tailings facility at Veovaca is under construction with ....