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Gemfields miss of little concern

A significant production shortfall has not alarmed management, investors

Chris Cann
Rubies from the Montepuez mine in Mozambique were also light on during the December quarter

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. However, analyst Edward Sterk was relaxed about the result, blaming...

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