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Gemfields Group ( (PLLHF) ) just unveiled an update.
Gemfields has announced a market update on its subsidiaries, highlighting the near completion of a second processing plant at the Montepuez Ruby Mine, which is expected to significantly increase ore processing capacity. The plant’s completion has faced delays due to work permit issues, transport difficulties, and security concerns. Meanwhile, the Kagem Emerald Mine has resumed focused mining with plans for gradual expansion, and strategic options for Fabergé are being explored following a rights issue.
More about Gemfields Group
Gemfields is a leading responsible miner and marketer of colored gemstones, operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company also owns Fabergé, a luxury brand, and has developed a proprietary grading system and auction platform to supply gemstones to global markets.
See more insights into PLLHF stock on TipRanks’ Stock Analysis page.