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Gemfields Group ( (PLLHF) ) just unveiled an update.
Gemfields Group Limited reported a challenging first half of 2025, with a total revenue of USD 64.2 million and an EBITDA loss of USD 4.9 million. The company faced production difficulties at its mines, with lower premium ruby output at Montepuez Ruby Mining and a temporary suspension of operations at Kagem Mining. The period was also impacted by civil unrest in Mozambique and a resolved export duty issue in Zambia, leading to cash flow pressures. Despite these challenges, Gemfields has streamlined operations and strengthened its balance sheet, aided by shareholder support. The new processing plant in Mozambique has started producing rubies and is expected to be fully operational by October, positioning the company for a better second half of the year.
More about Gemfields Group
Gemfields is a leading miner and marketer of colored gemstones, operating and owning 75% of Kagem Mining in Zambia, a prominent emerald mine, and Montepuez Ruby Mining in Mozambique, known for its significant ruby deposits. The company also holds interests in various gemstone mining and prospecting licenses across Zambia, Mozambique, Ethiopia, and Madagascar. Gemfields has pioneered a grading system and auction platform to ensure a consistent supply of colored gemstones, contributing to the growth of the global colored gemstone sector.
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