Adriatic Metals reaches commercial production at Vareš silver mine in Bosnia 

Adriatic Metals (ASX:ADT, LSE:ADT) announced that it has achieved commercial production at its Vareš silver operation in Bosnia and Herzegovina. 

Commercial production has been declared based on maintaining plant throughput levels of 75% over 14 days, including 80% over 7 days, and reaching 2,000tpd (90%) in late June. 

This milestone follows the resolution of previous constraints related to tailings management, the company said.  

Construction of the Veovača tailings storage facility (TSF) was completed in March, with initial tailings deposition commencing in April. A dedicated access road linking the Vareš Processing Plant to the TSF was completed and has been operational over the past month. 

Mining activities at Rupice are progressing well, the company said, adding that with approximately 900m of underground development completed in Q2 (a quarterly record). The plant is performing consistently, and key necessary permits, equipment, and personnel are in place to maintain stable production. 

“We are proud to announce the achievement of commercial production at the Vareš silver operation, marking a significant milestone that demonstrates our ability to operate at production levels that support strong cash generation,” Adriatic CEO Laura Tyler said in a news release.  

Vares began production early last year, becoming Europe’s first new mine in over a decade.