JSE-listed Gemfields is “particularly encouraged” by the increased level of mineral resource base and confidence underpinning the company’s most recent competent persons reports (CPR), despite results showing a decline since 2015. The CPR, which was produced by SRK Consulting in respect of Montepuez Ruby Mining (MRM), which is 75%-owned by Gemfields, includes mineral resource and mineral reserve estimates in accordance with the 2016 edition of the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (Samrec).
