Payments to Governments

Adriatic Metals PLC
28 June 2024
 

28 June 2024

 

Adriatic Metals PLC 

("Adriatic Metals" or the "Company")

 

Report on Payments to Governments for the Year Ended 31 December 2023

 

Adriatic Metals (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) advises, in accordance with DTR 4.3A and in compliance with The Reports on Payments to Governments Regulations 2014 as amended (the Regulations), the payments made by the Company and its subsidiaries to governments for the year ended 31 December 2023.

 

Beneficiary of payment

Nature of payment

 

(In USD'000)

Production entitlements

Taxes paid

Royalties paid

Dividends paid

Signature, discovery and production bonuses paid

Licence fees, rental fees, entry fees and other considerations for licences and/or concessions paid

Infrastructure improvements paid

Total

Bosnia and Herzegovina








 

Federation of Bosnia and Herzegovina

-

-

-

-

-

-

-

-

Municipality Vares






298

-

298

Ze Do Canton

-

-

-

-

-

128

-

128

Total

-

-

-

-

-

426

-

426

 

 

 

Basis of preparation:

a)   Payments made in currencies other than USD are translated at the average foreign exchange rate for the relevant month.

b)   Taxes paid include taxes levied on the income, production or profits of companies but excludes any taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

 

This report is available for download at https://www.adriaticmetals.com/investors/lse-announcements/

 

 

** ENDS **

 

Authorised by Paul Cronin, Managing Director & CEO

For further information please visit: www.adriaticmetals.com; email: info@adriaticmetals.com, @AdriaticMetals on Twitter; or contact:

 

Adriatic Metals PLC


Paul Cronin / Klara Kaczmarek

Via Buchanan



Buchanan

Tel: +44 (0) 20 7466 5000

Bobby Morse / Christopher Jones

adriatic@buchanan.uk.com 

Morgans Corporate Limited

 

Rob Douglas / Sam Warriner / Mitch Duffy

Tel: +61 7 3334 4888



RBC Capital Markets

 

Farid Dadashev / James Agnew / Jamil Miah

Tel: +44 (0) 20 7653 4000



Stifel Nicolaus Europe Limited

Ashton Clanfield / Callum Stewart / Varun Talwar

Tel: +44 (0) 20 7710 7600



Morrow Sodali


Cameron Gilenko

Tel: +61 466 984 953

 

 

 ABOUT ADRIATIC METALS

Adriatic Metals Plc (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. First concentrate production took place in February 2024 and the Vares Silver Operation is fully funded to nameplate production, which is expected in Q4 2024. Concurrent with ongoing operational activities, the Company continues to explore across its highly prospective 44km2 concession package.

 

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