Gem Resources Boosts Processing Capacity and Begins Phase 2 Operations at Gravelotte Emerald Mine

URA Holdings PLC ( (GB:GEMR) ) just unveiled an announcement.

Gem Resources Plc has completed significant upgrades to its processing plant at the Gravelotte Emerald Mine, achieving a 45% increase in processing capacity and eliminating downtime due to breakdowns. These improvements have enabled the initiation of Phase 2 operations, including active mining at the Cobra Open Pit, marking a critical step in securing a steady supply of high-grade ore. The company has achieved cost savings by constructing equipment in-house and is poised to further enhance emerald quality and production volumes while maintaining financial discipline and remaining debt-free.

More about URA Holdings PLC

Gem Resources Plc is an emerging emerald producer, focusing on the Gravelotte Emerald Mine in South Africa, historically one of the world’s largest. The company is dedicated to sustainable and efficient mining, using modern technology to rejuvenate this significant emerald mine. Additionally, GEMR has expanded its operations by acquiring the Curlew Emerald Mine in Australia.

YTD Price Performance: -54.17%

Average Trading Volume: 953,234

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.14M

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