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URA Holdings PLC ( (GB:GEMR) ) has provided an update.
Gem Resources Plc has resumed operations at the Gravelotte Emerald Mine in South Africa following a seasonal shutdown. This includes the recommencement of processing activities and plans to restart contract mining at the Cobra Open pit. The company emphasizes its commitment to health and safety, having completed comprehensive checks and training refreshers for all personnel. GEMR aims to build a substantial emerald stockpile for auction, with sales timing dependent on the mined material’s volume and quality, as well as Bonas Group’s annual auction schedule. The company plans to provide regular updates on its progress and preparations for upcoming auctions.
More about URA Holdings PLC
Gem Resources Plc (GEMR) is an emerging emerald producer with a focus on the historic Gravelotte Emerald Mine in South Africa. The company is dedicated to sustainable and efficient mining practices, leveraging modern technology to rejuvenate its operations. GEMR has also expanded its mining assets by acquiring the Curlew Emerald Mine in Australia.
YTD Price Performance: -8.33%
Average Trading Volume: 708,693
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.14M
Learn more about GEMR stock on TipRanks’ Stock Analysis page.
