Gemfields Group ( (PLLHF) ) just unveiled an announcement.
Gemfields Group Limited has provided an operational update for the year ending 31 December 2024, reporting total auction revenues of USD 196 million and a net debt position of USD 80.5 million. The company is progressing with the construction of a second processing plant at the Montepuez ruby mine, despite recent disruptions due to civil unrest in Mozambique. Meanwhile, operations at the Kagem emerald mine have paused, with processing of stockpiles ongoing while awaiting potential changes in Zambia’s export duty policy. The announcement highlights these developments’ potential implications for Gemfields’ market strategy and operational efficiency.
More about Gemfields Group
Gemfields is a leading responsible miner and marketer of colored gemstones, operating and owning 75% of the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, along with other mining interests in Africa. The company also owns Fabergé, leveraging its iconic brand to enhance the global market presence of colored gemstones.
YTD Price Performance: -34.00%
Average Trading Volume: 86,049
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $81.27M
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