Adriatic Metals has announced a change in its finance leadership, with Chief Financial Officer Mike Norris stepping down to explore new opportunities. The company has named Michael Horner, currently head of business development, as the interim CFO. Horner brings a decade of experience in the mining sector, having worked in mergers and acquisitions, capital markets, finance, and operations. His appointment is effective immediately as announced in the company’s recent statement. Paul Cronin, Adriatic’s Chief Executive, expressed his appreciation for Norris’s contributions, particularly during his tenure that coincided with the construction of the Vares Silver Operation.
Cronin credited Norris with maintaining fiscal discipline and successfully managing the project through challenging economic conditions, completing it largely on time and within budget. Looking ahead, Cronin remarked on Horner’s extensive background in corporate finance, which will be instrumental as Adriatic transitions to its next phase as a producer. The company aims to reduce its cost of capital and seize new growth opportunities under Horner’s financial leadership. As Adriatic evolves into a mining owner-operator in the upcoming months, its management team plans to increase underground development, enhance operational efficiencies, and achieve nameplate production by the fourth quarter of 2024.
Get the latest supply chain report news insights at The Supply Chain Report. For international trade resources, visit ADAMftd.com.
#AdriaticMetalsNews #MiningIndustryNews #LeadershipChange #ExecutiveMovesNews #MiningOperations
