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The latest announcement is out from Gem Diamonds ( (GB:GEMD) ).
Gem Diamonds reported a strong financial performance for 2024, with a 10% increase in revenue to US$154.2 million and a 95% rise in underlying EBITDA, despite challenges in the diamond market due to global economic uncertainties. The company achieved significant operational improvements at the Letšeng mine, including enhanced plant stability and a 27% reduction in carbon emissions, while also focusing on a new long-term mine plan to optimize operations and reduce waste volumes.
More about Gem Diamonds
Gem Diamonds is a leading global producer of high-value diamonds, owning 70% of the Letšeng mine in Lesotho, renowned for producing large, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
YTD Price Performance: -13.27%
Average Trading Volume: 244,286
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £12.81M
See more data about GEMD stock on TipRanks’ Stock Analysis page.
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