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Gemfields miss of little concern

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.

Gemfields miss of little concern Gemfields miss of little concern Gemfields miss of little concern Gemfields miss of little concern Gemfields miss of little concern

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.