)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Adriatic Metals
Adriatic Metals (ADT) investor relations material
Adriatic Metals has been delisted
Adriatic Metals Q2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 TU earnings summary27 Jul, 2025
Executive summary
Ore milled increased 50% to 99kt in Q2 2025 compared to Q1 2025, with production up 23% to 1.7Moz AgEq.
Commercial production achieved on 1 July 2025 after resolving tailings and mechanical bottlenecks.
FY 2025 production guidance revised downward due to earlier operational constraints.
Agreement reached for recommended acquisition by Dundee Precious Metals announced in June 2025.
Financial highlights
Cash balance at 30 June 2025 was $59m, down from $76m at end of Q1 2025.
Net cash from operating activities in Q2 was $15.4m; net cash used in investing was $7.7m; net cash used in financing was $25.0m.
Receipts from customers totaled $51.0m for the quarter.
Second debt repayment of $19m to Orion and $6m to Trafigura completed in Q2.
Outlook and guidance
FY 2025 production guidance revised to 475-525kt ore milled and 9.5-10.5Moz AgEq produced, down from 625-675kt and 12-13Moz AgEq.
Expansion study to increase processing capacity to 1Mtpa is progressing, with completion expected in Q4.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Adriatic Metals
- Vares Project delivers high-margin, long-life production with strong growth and ESG credentials.ADT
Corporate Presentation - Equity raise accelerates Vares expansion, targeting industry-leading costs and production scale.ADTCorporate Presentation
- Vareš achieved record production growth, lowest forecast AISC, and strong cash generation.ADTCorporate Presentation
- Vareš is ramping up to become one of the world's largest, lowest-cost primary silver mines.ADTCorporate Presentation
- Production ramp-up and new TSF position the operation for strong growth and cash flow.ADTQ3 2024 & Investor Update
- Ore milled surged 123% QoQ as Vares ramps up to commercial production in Q4 2024.ADTQ3 2024
- US$1.251bn acquisition delivers growth, synergies, and a 50.5% premium for shareholders.ADTM&A Announcement
- $1.3B acquisition forms a diversified mining group with growth and strong stakeholder support.ADTM&A Announcement
- Q4 output surged, cash strengthened, and 2025 guidance signals robust growth ahead.ADTH2 2024
Adriatic Metals
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Adriatic Metals PLC is a precious and base metals explorer and developer based in the United Kingdom. Founded in 2017, it focuses on the exploration and development of precious and base metals, with key projects including the Vares Silver Project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia. These regions are noted for their rich mining history and skilled workforce. The Vares Project, its flagship, is located approximately 50 kilometers north of Sarajevo in the Zenica-Doboj canton. The company also explores for silver, zinc, lead, copper, gold, and barite deposits, emphasizing its exploration activities and definition drilling. The company is headquartered in Cheltenham, United Kingdom, and its shares are listed on the London Stock Exchange.