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

  • Jan 29 2025
  • Length: 8 mins
  • Podcast

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

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  • 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. For more updates on Adriatic Metals, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe, and turn on notifications for the latest updates. #AdriaticMetals #Mining #SilverProduction #Q42024 #MetalsIndustry #StockMarket #Investing #CEOInterview #BusinessUpdate #ProactiveInvestors
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