Vareš Plant Achieves 90% Throughput, Declares Commercial Production

Commercial Production Achieved

Adriatic Metals PLC has reached a pivotal milestone by declaring commercial production at its Vareš Silver Operation in Bosnia and Herzegovina. This announcement confirms the company’s ability to maintain consistent plant throughput levels, including a sustained 75% over two weeks and a peak of 90% throughput in late June. Achieving commercial production is a critical step that transitions the project from development to revenue-generating status.

Overcoming Operational Challenges

The journey to commercial production was not without challenges. Earlier constraints related to tailings management had limited throughput capacity. However, the completion of the Veovača Tailings Storage Facility in March and the establishment of a dedicated access road have resolved these bottlenecks. Tailings deposition began in early April, enabling the processing plant to operate at higher, more stable levels.

Mining and Development Progress

Mining activities at the Rupice underground mine are advancing well, with a quarterly record of approximately 900 meters of underground development completed in Q2. This progress supports the steady supply of ore to the processing plant, which is performing consistently. The company has also secured all necessary permits, equipment, and personnel to sustain production levels, underscoring operational readiness.

Looking Ahead

Adriatic Metals’ CEO Laura Tyler expressed pride in the team’s achievement, emphasizing the milestone’s importance for generating strong cash flow. While the company has not yet provided detailed financial metrics or updated guidance, the declaration of commercial production typically signals a positive outlook for future earnings. Investors will be keen to review the upcoming Q2 Quarterly Activities Report for further insights into operational performance and financial impact.