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URA Holdings PLC ( (GB:GEMR) ) just unveiled an announcement.
Gem Resources Plc has announced significant progress at its Gravelotte Emerald Mine in South Africa, with an upgraded processing plant now operating at up to 100 tonnes per day and successful commencement of hard rock mining at the Cobra Pit. The company reports encouraging emerald recoveries and consistent production despite weather challenges, and is preparing for its first trial sale of emeralds. This development marks a transition from groundwork to delivery phase, enhancing GEMR’s operational momentum and supporting its long-term production potential.
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 committed to sustainable and efficient mining practices, utilizing modern technology to revive this significant site. Additionally, GEMR has acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.
YTD Price Performance: -29.17%
Average Trading Volume: 755,045
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.14M
For detailed information about GEMR stock, go to TipRanks’ Stock Analysis page.