Gem Resources PLC Reports Significant Progress and First Emerald Sales

The latest update is out from URA Holdings PLC ( (GB:GEMR) ).

Gem Resources PLC announced its final results for the year ended December 31, 2024, highlighting significant progress in its operations. The company completed the restoration of the Gravelotte Emerald Mine and commenced hard rock mining operations in January 2025. It also acquired a controlling stake in the Curlew Emerald Project, enhancing its portfolio of emerald assets. An independent valuation confirmed the strong potential of the Gravelotte project, estimating a net present value of USD 22.4 million and a pre-tax profit of USD 79.5 million. The company completed its first trial sales of emeralds, generating USD 57,000 in revenue, and remains committed to sustainable and ethical mining practices.

More about URA Holdings PLC

Gem Resources PLC, formerly known as URA Holdings PLC, is a mineral exploration and mining group listed on the London Stock Exchange. The company focuses on high-value gemstone assets, particularly emeralds, and has recently restored the Gravelotte Emerald Mine to operational status. It also acquired a 65% interest in the Curlew Emerald Project in Western Australia, aiming to expand its emerald production capabilities.

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