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We’ve hit paydirt in Bosnia, says ASX-listed Adriatic Metals

London | ASX-listed junior miner Adriatic Metals has almost doubled its estimate for the size of its silver-zinc-lead-gold mine in Bosnia-Herzegovina, claiming that this catapults the mine into the global top tier.

The mine began extracting ore last week, and Adriatic Metals chief executive Paul Cronin expects to be shipping concentrate, and turning the company’s first profit, by the end of the year. That would make the Vares project one of the first new mines in Europe for decades – prompting the company to start scouring the Balkans for other opportunities.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/companies/mining/we-ve-hit-paydirt-in-bosnia-says-asx-listed-adriatic-metals-20230727-p5drlg