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     Latest News: Gemfields Group Ltd. GEMFIELDS [GML]
     Thu, 31 Jul 2025 Official Announcement [TN] 
    Gemfields - operational update June 2025
    Gemfields shareholders were advised that the Company has released information about its operational results and financial position for the six months to 30 June 2025.

    Highlights
    •Total auction revenues of USD 60 million for the first half of year.
    •Net debt position of USD 59.6 million (before auction receivables of USD 16.1 million) at 30 June 2025, which includes proceeds from the fully underwritten USD 30 million Rights Issue completed on 13 June 2025 through the issuance of 556 203 396 new shares.
    •Construction of MRM's second processing plant is nearing completion and remains materially on budget with first ruby production expected in August 2025 and full completion anticipated during September 2025.
    •Kagem recommenced focused mining in May 2025 by reopening two production points in the Chama pit, with a further moderated expansion from July 2025 while continuing to process stockpiles through its upgraded wash plant.

    Update on strategic review of Fabergé
    Gemfields is also pleased to advise that material progress has been made in respect of the strategic review of Fabergé and will update the market as appropriate.
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    Closing price data source: JSE Ltd. All other statistics calculated by ProfileData.
       
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