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A 40% miss on anticipated December quarter production from Gemfields’ (LN:GEM) flagship Kagem emerald mine in Zambia has not concerned investors and has rather been viewed as a quirk of the precious stone-mining game and Kagem in particular.
Rubies from the Montepuez mine in Mozambique were also light on during the December quarter
Gemfields this week reported Kagem emerald and beryl production of 4.7 million carats against a BMO Capital Markets forecast of 7.8Mct.
Demand for coloured stones soared in 2022
Gemfields evacuates Mozambique camp
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