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Share Price: 4.20

Bid: 4.00

Ask: 4.40

Change: 0.00 (0.00%)

Spread: 0.40 (10.00%)

Open: 4.20

High: 4.20

Low: 4.20

Prev. Close: 4.20

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IN BRIEF: Gemfields to restart open-pit mining at Zambian emerald mine

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Kagem Mining Ltd, the Zambian emerald mine in which it owns a 75% interest, will shortly resume open-pit mining to recover premium emeralds. This comes after Gemfields in December last year suspended all mining from January 1 to focus on processing ore from Kagem's ore stockpile, utilising the upgraded processing plant. Says emerald production from the processing plant in 2025 so far has been in line with its expectations.

30 Apr 2025 09:31

IN BRIEF: Gemfields emerald revenue sharply up as sentiment improves

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD16.4 million from rough emerald auction held between April 11 and Tuesday this week, up 52% from USD10.8 million earned in an auction that took place in August and September last year but down 4.1% from USD17.1 million for the March 2024 auction. In latest auction, 32 of 36 lots for sale were sold. Average price is USD6.87 per carat. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields.

29 Apr 2025 08:39

IN BRIEF: Gemfields ruby auction robust demand despite tariff woes

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD7.2 million at an auction of rough rubies held from Monday to Friday last week. Says 20 of the 21 lots on offer were sold, and 73% of the 250,004 carats on offer were sold. Average sales price is USD39.47 per carat. Rubies had been extracted by Gemfields' 75%-held Montepuez Ruby Mining Ltda in Mozambique.

11 Apr 2025 12:53

UPDATE: Gemfields shareholders to vote on equity rights issue in May

(Alliance News) - Gemfields Group Ltd said on Friday it will ask its shareholders next month to approve the planned equity rights issue.

11 Apr 2025 09:48

Gemfields shares slump as FY revenues fall

(Sharecast News) - Shares in mining outfit Gemfields Group slumped early on Friday after the firm posted a decline in FY revenues and warned of operational challenges in Africa.

11 Apr 2025 09:00

LONDON MARKET OPEN: Stocks up as UK GDP growth exceeds expectations

(Alliance News) - Stock prices in London opened somewhat higher on Friday, as tensions remain high over US President Donald Trump's latest tariffs.

11 Apr 2025 08:38

Gemfields plans equity rights issue after swing to loss in 2024

(Alliance News) - Gemfields Group Ltd on Friday announced that it intends to raise USD30 million through an equity rights issue, after swinging to annual loss as the company grappled with rising costs and political uncertainty.

26 Mar 2025 16:15

IN BRIEF: Gemfields delays 2024 financial results until further notice

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Needs more time to finalise its full-year financial results for 2024. Says it will make further announcements related to the finalisation and release of the results as appropriate. According to its website, Gemfields had planned to publish its books on Thursday this week.

24 Feb 2025 10:22

IN BRIEF: Gemfields shares up after emerald auction, improved demand

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates USD4.8 million in revenue from auction of previously unsold emeralds. The mini-auction was held from February 19-21. Says 10 of the 13 lots were sold, with 45,864 carats sold out of 59,192 carats on offer. Average sales price was USD105.49 per carat. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields.

19 Feb 2025 15:51

IN BRIEF: Gemfields hails suspension of 15% export duty on gemstones

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says Zambia's Minister of Finance Situmbeko Musokotwane suspends 15% export duty on precious gemstones and metals through issuing Statutory Instrument No. 4 on Tuesday. Notes the suspension is effective immediately. Adds that following the suspension, the export duty no longer applies to Zambian emeralds mined by Kagem Mining Ltd, which is 75% owned by Gemfields and 23% owned by Zambian government's Industrial Development Corp.

19 Feb 2025 09:43

Gemfields celebrates Zambia's suspension of hefty emerald export duty

(Sharecast News) - Gemstone miner Gemfields has hailed the lifting of a 15% export duty that applied to emeralds from Zambia, the world's largest emerald exporter.

19 Feb 2025 07:21

Zambia suspends export tax on precious stones and metals

Feb 19 (Reuters) - Zambia has suspended a 15% export tax on precious stones and metals in a bid to enhance competitiveness on the global market and draw investment, the finance ministry said on Wednesday.

31 Jan 2025 11:59

Gemfields reports progress in disrupted fourth quarter

(Sharecast News) - Gemfields reported total auction revenue of $196m for 2024 on Friday, as it continued to invest in the expansion of its Montepuez Ruby Mine (MRM) in Mozambique.

31 Jan 2025 10:42

IN BRIEF: Gemfields says Mozambique plant on budget despite unrest

Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Says the construction of Montepuez Ruby Mining Ltda's second processing plant remains "materially" on budget and on track for completion by the end of the first half of 2025, despite disruptions caused by civil unrest in Mozambique from October 2024 to mid-January 2025. Gemfields owns 75% interest in Mozambique-based Montepuez. Notes that Montepuez has been operating "as usual" since the start of 2025.

8 Jan 2025 09:19

Gemfields shares slide as Zambia reintroduces gemstone export duty

(Sharecast News) - Gemfields shares were in the red on Wednesday morning, after the company confirmed that the Zambian government had reinstated a 15% export duty on precious gemstones, effective from 1 January.

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