Zak Mir talks to Bernard Olivier, CEO URA Holdings (LON:URAH) Production Begins at Gravelotte Emerald Mine
Apr 30, 09:42 AM
In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, discusses the recent developments at the Gravelotte Emerald Mine.
Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions.
He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company's plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers.
Here are the key points from the interview with Bernard Olivier, CEO of URA Holdings:
Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions.
He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company's plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers.
Here are the key points from the interview with Bernard Olivier, CEO of URA Holdings:
- Start of Production: URA Holdings has started production at the Gravelotte Emerald Mine on schedule and within budget.
- Phased Production: The company is currently ramping up and optimizing systems as they begin extracting emeralds.
- Historical Significance: The Gravelotte Emerald Mine was once the world's largest source of emeralds in the mid-1970s and is being revitalized.
- Operational Excellence: The team on the ground has been praised for their efficiency in restarting production quickly and under budget.
- Future Plans: URA Holdings is building stockpiles for the first auction of emeralds, expected in the second half of the year.
- Revenue Generation: The first sales auction will generate revenue, although the complete financial impact will take time as the quantity of mine material increases to attract buyers.