Fabergé auction revenues of US$ 60mn for the 1H 2025

 

Kagem recommenced focused mining by reopening the Chama pit 

Gemfields shareholders are advised that the Company has released operational update to 30 June 2025 and update on strategic review of Fabergé and released an 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.  

According to the key takeaways, 1: Total auction revenues of USD 60 million for the first half of year. 2: 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.  

3: 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. 4: 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.  

In a statement Gemfields said, they will share full report in the month of 26, September 2025.






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