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Gemfields achieves ‘mixed’ results in Q3; withdraws from Colombia, Sri Lanka operations

Aim-listed Gemfields’ 75%-owned Kagem mine in Zambia produced 4.5-million carats of emerald and beryl during the quarter ended March 31. This was three-million carats less than the same period last year, with Gemfields attributing the lower output to inclement weather during the period. It is also expected to contribute to a reduction in guided output for the full year to 20-million to 25-million carats.