URA Holdings plc announced that the start of phased production at the Gravelotte Emerald Mine. Following the successful commissioning of processing and sorting plants, phased production at GEM commenced as scheduled before the end of April 2024 and within budget. Ore processing from the stockpiled material is underway and the first emeralds have been successfully recovered.

Over the coming months, production will be increased, and systems, processes, and equipment will be optimised. With production now underway, preparations are being made for a first trial sales of emeralds from GEM in early second half of 2024.