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Adriatic Metals CEO Laura Tyler on Q4 transition to metals producer and 2025 prospects

Published: 12:00 29 Jan 2025 GMT

Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) CEO Laura Tyler talked with Proactive's Stephen Gunnioni about the company’s milestone transition from a development-stage company to a metals producer in the final quarter of 2024.

Tyler highlighted the ramp-up in production, with silver equivalent output increasing 2.5 times from the previous quarter. The company achieved sales receipts of $27 million, nearly matching its expenditures. Despite challenges from severe weather conditions, Adriatic Metals has maintained operations, running its processing plant 24/7 and aiming for full commercial production in Q1 2025.

She also discussed construction progress at the Veovaca tailings storage facility, which is expected to receive tailings by mid-February. Additionally, a study on the Vares processing plant expansion indicated that for a relatively small investment of $25 million, production capacity could be increased to 1.3 million tonnes per year.

Adriatic Metals ended 2024 with a $21 million cash balance and secured a $25 million prepayment arrangement with Trafigura, bringing total liquidity to $46 million. Looking ahead, Tyler expects the company to achieve full throughput rates by Q4 2025, positioning it for steady growth into 2026.

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#AdriaticMetals #Mining #SilverProduction #Q42024 #MetalsIndustry #StockMarket #Investing #CEOInterview #BusinessUpdate #ProactiveInvestors

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