Adriatic Metals announces resignation of CFO

3rd May 2024 08:09

(Sharecast News) - Adriatic Metals, the FTSE 250 precious and base metals miner, has announced that its chief financial officer is stepping down after just two years on the job.

Mike Norris, who has been in the role since March 2022, has "resigned to pursue other opportunities", the company said.

Adriatic, which runs two flagship projects across Bosnia and Herzegovina and Serbia, has appointed Michael Horner, currently head of business development as interim CFO.

Horner, who also joined in 2022, is said to have more than 10 years of mining industry experience across M&A, capital markets, finance and operations.

"We welcome Michael Horner to the role of interim-CFO. Michael brings considerable experience in corporate finance and will lead Adriatic through its next phase as a producer, working to lower our cost of capital, and execute on new growth opportunities," said Adriatic's managing director and chief executive Paul Cronin.

"As the company transitions to mining owner operator over the coming months, the management team will focus on increasing underground development, enhancing operational efficiencies, and bringing the Operations to nameplate production in Q4 2024."