Gemfields Group Limited (GEM): Profit warning
This situation live
GEM Gemfields Group Limited
24 Mar 2026 · profit warning · -2% on the day · −1% until the next step
It has been a difficult year. The well documented operational interruptions at both Montepuez Ruby Mining and the Kagem emerald mine weighed on output and cash generation.
26 Mar 2026 · profit warning · -1% on the day · −24% until the next step
This was a difficult year, with operational disruptions at both MRM and Kagem constraining our premium gemstone production, auction cadence and cash generation.
30 Jun 2026 · profit warning · -6% on the day · −10% until the next step
Declining grades, PP2 commissioning challenges, security-related disruption, illegal mining activity and delayed VAT receipts are collectively expected to adversely impact production, quality mix and
25 Sep 2026 · profit warning · -7% on the day · +0% until the next step
The first half of 2026 was a challenging period for Gemfields, driven by lower-than-expected premium ruby recoveries at MRM, which had a significant impact on the Group's financial performance.
30 Sep 2026 · profit warning · fourth in 12 months · +0% since
The first half of 2026 was a difficult period for Gemfields, driven principally by the continued shortage of premium ruby recoveries at Montepuez Ruby Mining.
Profit warning
profit warning · fourth in 12 months
Directionbelow expectations / warning
Reaction on the day+0%
In 12 months5 statements in the same direction
Company's wordsThe first half of 2026 was a difficult period for Gemfields, driven principally by the continued shortage of premium ruby recoveries at Montepuez Ruby Mining. ↗
As of 30 Sep 2026 ↗
Since Oct 2023: 1145 situations of this kind; median share price +0% six months after they opened
Every step · 5
- 24 Mar 2026 profit warning · -2% on the day – It has been a difficult year. The well documented operational interruptions at both Montepuez Ruby Mining and the Kagem emerald mine weighed on output and... ↗
- 26 Mar 2026 profit warning · -1% on the day – This was a difficult year, with operational disruptions at both MRM and Kagem constraining our premium gemstone production, auction cadence and cash generation. ↗
- 30 Jun 2026 profit warning · -6% on the day – Declining grades, PP2 commissioning challenges, security-related disruption, illegal mining activity and delayed VAT receipts are collectively expected to... ↗
- 25 Sep 2026 profit warning · -7% on the day – The first half of 2026 was a challenging period for Gemfields, driven by lower-than-expected premium ruby recoveries at MRM, which had a significant impact... ↗
- 30 Sep 2026 profit warning · fourth in 12 months – The first half of 2026 was a difficult period for Gemfields, driven principally by the continued shortage of premium ruby recoveries at Montepuez Ruby Mining. ↗
What is happening
Gemfields Group Limited: Profit warning – profit warning · fourth in 12 months. ['profit warning · fourth in 12 months']
- In short
- Gemfields Group Limited issued a profit warning on 30 Sep 2026; the shares moved +0% on the day. It is the fourth such statement in 12 months.
- Announced
- 24 Mar 2026 · profit warning · -2% on the day
- Latest
- 30 Sep 2026 · profit warning · +0% on the day
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Also at Gemfields Group Limited 2 open
Project milestonesMRM second processing plant – Largely operational; sustainability of recoveries unproven
New CEO / resetCEO succession – Interim CEO from 15 July 2026
Upgrade / downgrade cycleProfit warning – profit warning · second in 12 months · closed
Upgrade / downgrade cycleResults ahead of expectations – ahead of expectations · closed
Upgrade / downgrade cycleProfit warning – profit warning · closed
Gemfields Group Limited – company page →