Browsing: Kagem emerald mine

Gemfields has reported USD 26.8 million in revenues from its May 2026 higher-quality emerald auction, with 99% of carats sold and strong demand continuing for exceptional top-tier emeralds despite global macroeconomic uncertainty and currency pressures.

Construction of MRM’s second processing plant (or “PP2”), designed to triple MRM’s ore processing capacity from 200tph to 600tph, is 95% complete and materially on budget. PP2 is now expected to produce its first rubies during August 2025 courtesy of the plant’s core components. Final completion of PP2, including the tailings belt conveyor and decanter centrifuge, is now expected to occur during September 2025