Source: eKapija | Tuesday, 10.12.2019.| 13:40
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Adriatic Metals planning to establish two silver and gold mines in Vares – Investments estimated at EUR 154 million

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Adriatic Metals, a company supported by Canadian billionaire Eric Sprott, intends to establish two large mines in Bosnia and Herzegovina.

British media report that they intend to spend GBP 137 million (EUR 154 million, BAM 308 million), which could bring a profit of GBP 1.2 billion (EUR 1.35 billion, BAM 2.7 billion), faktor.ba reports.

The company is evaluated at USD 290 million, and their stocks should start being traded on the London Stock Exchange this Thursday to the end of collecting the money for the investment. They intend to collect the necessary amount by the end of next year.

The construction of the first mine is planned for the spring of 2021, whereas the second one should start being built in 2028.
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