Gemfields Group (PLLHF) has released an update.
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Gemfields Group has reported robust auction revenues of USD 121 million thanks to strong demand for its emeralds and rubies, with significant capital investments in its mines and a net debt of USD 44.4 million as of June 30, 2024. The company has completed upgrades at the Kagem wash plant and is on schedule with the construction of a new processing plant at Montepuez, slated for completion in the first half of 2025. Additionally, Gemfields has demonstrated its financial health by returning USD 10 million to shareholders, reflecting the positive results from the previous year.
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