Adriatic Metals (ASX:ADT) reported quarterly sales of AU$33 million in t the first quarter of the year, up 23% from the fourth quarter of 2024, according to a Monday Australian bourse filing.
The company's current ore stockpile stands at about 53,000 tons, containing 316 grams per tonne grade of silver, 2.2 g/t gold, 4.7% zinc, and 3.8% lead.
The company processed 68,000 tons of ore in the first quarter, a 43% increase from the fourth quarter of 2024. Silver equivalent production also rose to 1.3 million ounces from 900,000 ounces.
The company made its first AU$20 million debt repayment to Orion Mine Finance and ended the quarter with a cash balance of AU$75 million.
Shares of Adriatic Metals were down 9% in recent Monday trade.
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