Gem Resources PLC (LSE:GEMR) said operations have resumed at its Gravelotte emerald mine in South Africa following the seasonal annual leave shutdown.
Processing is up and running already with mining to recommence shortly at the Cobra open pit, said the statement.
Gem added that the plan now is to build up a significant emerald stockpile in preparation for sale at auction.
The timing of the auction will depend on the volume and quality of material mined and stockpiled, as well as the annual auction schedule managed by Bonas Group, said the statement.
Bonas typically conducts one or two combined auctions per year for independent emerald producers of GEMR's scale, ensuring adequate market interest and participation, Gem Resources added.