UK's Gem Resources jumps as production at Cobra pit begins
12/02/2025 09:20
** Shares of emerald producer Gem Resources Plc GEMR.L
rise 8% to 0.63 pence
** Co announces commencement of production at the Cobra Open
Pit, within the Gravelotte Emerald Mine in South Africa
** GEMR says initial production results from the Cobra pit
surpass historical data of co
** Continues to actively stockpile emeralds in anticipation
of its first sale or auction
** Stocks down ~60.1% in the last 12 months
(Reporting by Judes Joseph in Bengaluru)
((judes.joseph@thomsonreuters.com;))