Gemfields FY ruby production exceeds guidance

Aim-listed Gemfields’ 75%-owned Montepuez ruby mine, in Mozambique, produced 10.3-million carats of ruby and corundum in the year ended June 30, exceeding guidance of eight-million carats and the 8.4-million carats produced in the prior financial year. Gemfields on Monday noted that the volume of higher-quality rubies recovered in the year under review had increased 68%.