REG - Gemfields Group Ltd - Operational update to 30 June 2025, Fabergé update

GemfieldsAnnouncement

31/07/2025 07:01

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RNS Number : 2747T  Gemfields Group Limited  31 July 2025

Incorporated in Guernsey. Guernsey registration number: 47656

South African external company registration number: 2009/012636/10

Share code on JSE:GML (General Segment of JSE Main Board) / AIM:GEM

    ISIN: GG00BG0KTL52   |   LEI: 21380017GAVXTCYS5R31

("Gemfields" or the "Group" or the "Company")

 

Operational update to 30 June 2025 and update on strategic review of Fabergé

LONDON, 31 JULY 2025

Gemfields shareholders are advised that the Company has released information
about its operational results and financial position for the six months to 30
June 2025.

These unaudited figures have been produced on a monthly basis for Gemfields'
75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé,
the iconic luxury brand.

The full operational results and an excel spreadsheet of Gemfields' historic
figures can be found on the Company's website at
www.gemfieldsgroup.com/operational-update/
(https://www.gemfieldsgroup.com/operational-update/) .

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.

Full commentary on the operational performance and financial results will be
available in Gemfields' interim results due to be published on Friday 26
September 2025.

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.

Shareholders are advised that all figures in this operational update are
unaudited, in respect of which the directors assume full responsibility.

 

-ENDS-

 

Further information on Gemfields Group Limited can be found at:

 GEMFIELDSGROUP.COM (http://WWW.GEMFIELDSGROUP.COM)

 

To join our investor mailing list, please contact us on:
ir@gemfields.com (mailto:ir@gemfields.com)

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) no. 596/2014 which forms part of domestic UK
law pursuant to the European Union (withdrawal) act 2018 ("MAR").

 

ENQUIRIES

 

 GEMFIELDS                                      Sean Gilbertson / David Lovett / Emily Dungey

                                                ir@gemfields.com (mailto:ir@gemfields.com)

T:  +44(0) 20 7518 3400
 SPONSOR (JSE)                                  Investec Bank Limited
 NOMINATED ADVISER                              Panmure Liberum

(AIM) & BROKER
Scott Mathieson / Amrit Mahbubani / John More
                                                T: +44(0) 20 3100 2222
 PRESS ENQUIRES, GEMFIELDS HEAD OFFICE, LONDON  Helena Choudhury / Albertina Namburete

                                                helena.choudhury@gemfields.com (mailto:helena.choudhury@gemfields.com) /
                                                albertina.namburete@gemfields.com (mailto:albertina.namburete@gemfields.com)

 

 ADDITIONAL INFORMATION ON GEMFIELDS

 Gemfields is a world-leading responsible miner and marketer of coloured
 gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald
 mine in Zambia (believed to be the world's single largest producing emerald
 mine) and the Montepuez ruby mine in Mozambique (one of the most significant
 recently discovered ruby deposits in the world). In addition, Gemfields also
 holds controlling interests in various other gemstone mining and prospecting
 licences in Zambia, Mozambique, Ethiopia and Madagascar.

 Gemfields' outright ownership of Fabergé - an iconic and prestigious brand of
 exceptional heritage - enables Gemfields to optimise positioning, perception
 and consumer awareness of coloured gemstones through Fabergé designs,
 advancing the wider group's "mine and market" vision.

 Gemfields has developed a proprietary grading system and a pioneering auction
 platform to provide a consistent supply of coloured gemstones to downstream
 markets, a key component of Gemfields' business model that has played an
 important role in the growth of the global coloured gemstone sector.

 

 

GEMFIELDS

GEMFIELDS.COM (https://gemfields.com/) (https://gemfields.com/) | INVESTORS
(https://www.gemfieldsgroup.com/) (https://www.gemfieldsgroup.com/) |
FOUNDATION (https://www.gemfieldsfoundation.org/)

INSTAGRAM (https://www.instagram.com/gemfields/)
(https://www.instagram.com/gemfields/) | FACEBOOK
(https://www.facebook.com/Gemfields/) (https://www.facebook.com/Gemfields/) |
X (https://x.com/GemfieldsLtd?lang=en) | YOUTUBE
(https://www.youtube.com/channel/UCArCE0JFtakTP-tHq6v0KVg)

 

FABERGÉ

FABERGÉ.COM (https://www.faberge.com/) | INSTAGRAM
(https://www.instagram.com/officialfaberge/)
(https://www.instagram.com/officialfaberge/) | FACEBOOK
(https://www.facebook.com/OfficialFaberge)
(https://www.facebook.com/OfficialFaberge) | X (https://x.com/OfficialFaberge)
(https://x.com/OfficialFaberge) | YOUTUBE
(https://www.youtube.com/user/officialfaberge)

 

KAGEM MINING LINKEDIN (https://www.linkedin.com/company/kagem-mining-ltd)

MONTEPUEZ RUBY MINING LINKEDIN
(https://www.linkedin.com/company/montepuez-ruby-mining)

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