Mining operations and auction update

Gemfields Group Limited (“Gemfields”) hereby provides an update regarding its mining operations and planned auction programme for the first half of 2021.

Mining operations

Gemfields is pleased to announce that both its 75% owned Kagem Mining Limited (“Kagem”) emerald mine and 75% owned Montepuez Ruby Mining Limitada (“MRM”) ruby mine are set to restart production in a phased manner during March 2021, with mining operations ramping up to full-scale by the end of April 2021. It is expected that MRM’s treatment plant and sorting house – which have already restarted – will reach full capacity by the end of March 2021, while the washing plant at Kagem is projected to restart in mid-March 2021.