Adriatic Metals has officially achieved commercial production at its Vareš silver operation in Bosnia and Herzegovina, marking a major operational milestone for the company. The announcement follows the successful ramp-up of the processing plant, which reached sustained throughput levels of 75% over 14 days, including 80% over the last seven days, and hit 90% of nameplate capacity (2,000 tonnes per day) in late June.
Key to unlocking production was the resolution of tailings-related challenges. Adriatic completed the construction of the Veovača tailings storage facility in March, with tailings deposition starting on April 2. A newly completed access road between the Vareš processing plant and the storage site has been operational for the past month.
Underground development at the Rupice mine, the project’s high-grade core, is also progressing well. The company reported 900 metres of development in Q2, a new quarterly record.
“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,” said Adriatic CEO Laura Tyler. She credited the company’s team and management for their dedication in bringing the project across the finish line.
All critical permits, equipment, and personnel are now in place, ensuring the operation is positioned for continued success and consistent output.
