Operational update to 30 June 2026

Summary by AI BETAClose X

Gemfields Group Limited reported strong operational results for the six months ending June 30, 2026, with total auction revenues reaching USD 102.9 million, a significant increase from USD 60 million in the prior year's first half. The company maintained a net debt position of USD 44.2 million, excluding auction receivables of USD 33.3 million. While Kagem Mining saw healthy emerald production, higher operating costs were noted. Montepuez Ruby Mining experienced weak premium grade ruby recovery, though its second processing plant contributed meaningfully to production volumes. Full interim results are expected on September 25, 2026.

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