Lower gemstone prices hit results as the miner readies new ruby output and cuts net debt sharply year over year.

Gemfields also reported a net debt position of USD 39.2 million at year-end, before auction receivables of USD 20.5 million.

Gemfields Group reported auction revenues of $128.5m for the year ended 31 December on Friday, and said it had completed the funding of a major expansion project at its Montepuez ruby operation in ...

The project entails the construction of an additional processing plant at Montepuez. The addition of the second plant will triple MRM’s processing capacity from 200 t/h to 600 t/h, enabling the ...

New explorer outlines early success ahead of MiningNews Select Australia 2025 A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining ...

Oct 16 (Reuters) - Gemfields Group (GEMGE.L), opens new tab, said on Thursday a group of illegal miners had invaded its Montepuez ruby mine in northern Mozambique on Monday and killed two police ...

British mining group Gemfields said Tuesday it will pay 5.8 million pounds in compensation to nearly 300 miners over accusations of torture around a ruby mine in Mozambique, but denied liability. In a ...