https://newsletter.en.creamermedia.com
Financial|Gemfields|Mining|PROJECT|Rubies
Financial|Gemfields|Mining|PROJECT|Rubies
financial|gemfields|mining|project|rubies

Gemfields full-year auction revenues reach $128.5m

The 11 685 ct Imboo emerald

The 11 685 ct Imboo emerald

Photo by Gemfields

30th January 2026

By: Sabrina Jardim

Senior Online Writer

     

Font size: - +

Gemstone miner Gemfields earned total auction revenues of $128.5-million for the year ended December 31.

The company reported a net debt position of $39.2-million – before auction receivables of $20.5-million – for the period, as Gemfields finalised the funding of the company’s 75%-owned Montepuez Ruby Mining's (MRM’s) second processing plant, in Mozambique.

The company says the second processing plant (PP2) at MRM is now in its final commissioning stage, with the project being delivered materially on budget.

Commissioning is anticipated to be completed imminently.

“The group looks forward to introducing the first rubies produced by PP2 to the market at the February 2026 mixed‑quality ruby auction,” Gemfields says in a statement to shareholders.

Meanwhile, the company notes that, since focussed mining resumed at its 75%-owned Kagem emerald mine, in Zambia, in May 2025, premium emerald recoveries have met expectations.

Notably, the yield included Imboo, an 11 685 ct emerald displaying an intense, verdant colour.

Gemfields says Kagem continued to run an additional night shift at the upgraded processing plant throughout 2025, which enabled processing of historic stockpiles, and has supported a positive outturn in emerald production.

Gemfields will publish its financial results for the 2025 financial year, on March 26.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (30/01/2026)
30th January 2026 By: Martin Creamer
 

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 30 January 2026
30th January 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.105 1.464s - 187pq - 2rq
Subscribe Now