Adriatic Metals has reported Q2 2025 silver equivalent (AgEq) production of 1.7Moz, up 23% from Q1. Ore milled reached 99kt, marking a 50% quarter-on-quarter increase, while mine development advanced 904 metres, up 24%. Construction of the Veovača Tailings Storage Facility was completed in March, with first tailings deposited in April. A dedicated haul road to the facility became operational in June. Full-year 2025 production guidance has been revised down to 475–525kt of ore milled and 9.5–10.5Moz AgEq produced, from previous guidance of 625–675kt and 12–13Moz, due to earlier tailings-related delays. Debt repayments included $19 million to Orion Mine Finance and $6 million to Trafigura during the quarter, with $3 million monthly payments continuing. The company ended Q2 with a cash balance of $59 million (Q1: $76 million). On June 13, Adriatic and Dundee Precious Metals announced a recommended acquisition of Adriatic by DPM. The company declared the achievement of commercial production on July 1.