PROJECT FINANCE

Sandfire exits Adriatic as Vares gets funded

DUAL-listed Adriatic Metals has secured a US$244.5 million financing package for its Vares silver project in Bosnia & Herzegovina.

The site of the proposed Vares plant

The site of the proposed Vares plant

The package, the largest this year for any London-listed miner, comprises a $120 million senior secured debt facility and $22.5 million copper stream with Orion Resource Partners, as well as a $102 million...

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