Gem Resources Launches Successful Mining Operations at Cobra Pit

An announcement from URA Holdings PLC ( (GB:GEMR) ) is now available.

Gem Resources Plc has commenced mining operations at the Cobra Open Pit within the Gravelotte Emerald Mine, reporting initial results that surpass historical data. The company has achieved significant progress in accessing ore zones, extracting high-grade emerald-bearing material, and upgrading its processing plant to enhance throughput and efficiency. With the market for naturally mined emeralds remaining robust, GEMR aims to increase production volumes and is preparing for its first sale or auction within the year.

More about URA Holdings PLC

Gem Resources Plc (GEMR) is an emerging emerald producer focusing on the Gravelotte Emerald Mine in South Africa, historically one of the world’s largest emerald mines. The company is dedicated to sustainable and efficient mining practices and has also expanded its operations by acquiring the Curlew Emerald Mine in Australia.

YTD Price Performance: -4.17%

Average Trading Volume: 862,973

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.14M

Learn more about GEMR stock on TipRanks’ Stock Analysis page.