Gemfields Group Limited (GEM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Speaker 1: Good morning and welcome to Genfield's 2026 Speaker 1: interim results shareholder and investor webcast. Speaker 1: David Lovett, Speaker 1: interim CEO and CFO, Speaker 1: and Becky Tate, Head of Finance, will present Genfield's financial results. Speaker 1: At the end of the presentation, we will go into Q&A. If you'd like to ask a question, please write it via the webcast page by clicking the Ask a Question button. Speaker 1: Before we start, please take note of the important information in our disclaimer on slide 2. Speaker 1: And with that, I'm going to pass you on to David. Speaker 2: Thank you Heinrich, and good morning everybody. Speaker 2: Thank you for joining us for Genfield's interim results for the 6 months ended 30th June 2026. Speaker 2: I'm David Luddock, Genfield's interim Speaker 2: CEO and CFO, and I'm joined by Becky Tate, our Head of Finance, Speaker 2: who has been with Genfields Speaker 2: for 5 years Speaker 2: and brings a strong understanding of our financial reporting Speaker 2: and Zambian operations. Speaker 2: We'll take you through the key developments from the 1st 0.5 of the year and then open the call for questions. Speaker 2: It's fair to say that the 1st 0.5 was difficult and the reported loss is clearly disappointing, Speaker 2: principally due to the challenges at MRM. Speaker 2: Premium review recoveries remained below expectations Speaker 2: and the operating environment remained testing. Speaker 2: Those factors are reflected in the MRM impairments, which Becky will cover shortly. Speaker 2: There are, however, Speaker 2: reasons for measured optimism. Speaker 2: PP2 Speaker 2: is now largely operational Speaker 2: and has shown that it can run at and at times above the 400 tonnes per hour target. Speaker 2: Ruby rec...