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Mining industry

Adriatic Metals Reports Growth in Silver and Gold Production Ahead of Takeover

Strategic Insights

— 1 min read

Adriatic Metals PLC is maintaining its operational momentum ahead of its agreed takeover by Dundee Precious Metals Inc, with significant growth in the production of silver and gold. The company, operating in Bosnia & Herzegovina, reported a 23% increase in silver equivalent production to 1.7 million ounces in the second quarter of 2025, compared to 1.4 million in the first quarter. This growth was driven by increased production of silver (720,449 ounces) and gold (4,840 ounces), as well as zinc and lead. Despite lowering its guidance for silver equivalent production to 9.5 million to 10.5 million ounces for the full year, Adriatic is still expected to significantly exceed its production levels from the previous year.

Key Takeaways:

  • Adriatic Metals reported a 23% increase in silver equivalent production to 1.7 million ounces in the second quarter of 2025, compared to 1.4 million in the first quarter.
  • Silver production rose to 720,449 ounces, up from 595,993, while gold production reached 4,840 ounces, up from 3,998.
  • Production of zinc and lead also increased, contributing to the overall growth in silver equivalent production.
  • Adriatic lowered its guidance for silver equivalent production to 9.5 million to 10.5 million ounces for the full year of 2025, still exceeding its production levels from the previous year.
  • The company reached commercial production levels last month and has a cash balance of USD59 million as of June 30, down 22% from USD76 million at March 31.
  • Adriatic Metals accepted a USD1.25 billion takeover offer from Dundee Precious Metals Inc in June 2025, with the company's Chief Executive Officer Laura Tyler remaining committed to operational momentum throughout the transaction period.

Statistics:

  • Silver equivalent production increased by 23% to 1.7 million ounces in the second quarter of 2025.
  • Silver production rose to 720,449 ounces, up 20.5% from 595,993 ounces in the first quarter.
  • Gold production reached 4,840 ounces, up 21.1% from 3,998 ounces in the first quarter.
  • Zinc and lead production also increased, contributing to the overall growth in silver equivalent production.
  • Cash balance decreased by 22% to USD59 million as of June 30, down from USD76 million at March 31.

Sources:

  • Adriatic Metals PLC - quoted statement in Alliance News, undated.
  • Dundee Precious Metals Inc - mentioned in Alliance News, undated.
  • Alliance News - original article, 2025.

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