Gemfields Grou. Share News (GEM)

Gemfields shares sink as operations cease after attack in Mozambique

(Alliance News) - Gemfields Group Ltd said on Thursday it remained vigilant after a neighbouring ruby mine came under attack in the northern Cabo Delgado province in Mozambique this morning.

LONDON MARKET MIDDAY: FTSE lower as UK PM Truss hangs on by thread

(Alliance News) - Blue-chip European equities struggled to make headway on Thursday, with US Federal Reserve rate hike worries and UK political instability hitting the investment mood.

IN BRIEF: Gemfields CEO takes direct interest in 1.5 million shares

Gemfields Group Ltd - London-headquartered gemstones supplier - Chief Executive Sean Gilbertson buys 1.5 million shares at 14.32 pence, worth GBP216,995, on Tuesday. Gilbertson previously had held the shares indirectly via a non-controlling interest in Pallinghurst Resources Management LP but, following Tuesday's off-market transaction, now holds them directly in his name.

Gemfields interim profit soars after record-breaking auction takings

(Alliance News) - Gemfields Group Ltd on Thursday reported its interim profit more than doubled in the first half of 2022, due to record-breaking auction results.

IN BRIEF: Gemfields gets USD4 million from sapphire and ruby auction

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD4.2 million in revenue from auction of predominantly corundum, commercial-quality sapphire and low-quality ruby held last week. The gemstones were extracted by Montepuez Ruby Mining Ltda in Mozambique, which is 75% owned by Gemfields and 25% by Mwiriti Ltda.

REPEAT: Gemfields sees interim profit rise on strong gemstone demand

(Alliance News) - Gemfields Group Ltd on Monday said it expects its profit to more than double due to robust demand for coloured gemstones, including emeralds and rubies.

Gemfields expects interim profit to soar on strong gemstone demand

(Alliance News) - Gemfields Group Ltd on Monday said it expects its profit to more than double due to robust demand for coloured gemstones, including emeralds and rubies.

IN BRIEF: Gemfields hits second-highest revenue mark at Kagem auction

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates revenue of USD32.9 million, the second-highest figure ever achieved at a Kagem auction. The auction of predominantly commercial quality rough emeralds was held from August 31 to September 19. Gemfields recorded an all-time high revenue of USD42.3 mllion at the auction held from March 15 to April 1.

IN BRIEF: Gemfields boasts record auction revenue

Gemfields Group Ltd - London-headquartered gemstones supplier - Says total auction revenue in the first half of 2022 is USD181.2 million, with all three auctions in the half breaking previous records. Auction revenue in the 12 months ending June 30 total USD330.3 million, an all-time high.

IN BRIEF: Gemfields operations go on despite insurgency in Mozambique

Gemfields Group Ltd - London-headquartered gemstones supplier - Says operations of Montepuez Ruby Mining Limitada, in which it holds a 75% interest, continue with heightened "vigilance" amid insurgent activity in Mozambique.

IN BRIEF: Gemfields reverses decision to issue 1.4 million new shares

Gemfields Group Ltd - London-headquartered gemstones supplier - Cancels the issue of 1.4 million new shares. Earlier in the day, the company said it had issued and allotted 1.4 million new shares following the exercise of share options by Toby Hewitt, its company secretary and general counsel. The group now says Hewitt has cancelled his share options exercise and accordingly the company has cancelled the issue of 1.4 million shares.

IN BRIEF: Gemfields says some shareholders oppose remuneration policy

Gemfields Group Ltd - London-headquartered gemstones supplier - Promises engagement after more than a quarter of its shareholders voted against the remuneration policy at the annual general meeting held on Wednesday. In a non-binding advisory vote, about 27% shareholders opposed the endorsement of the company's remuneration policy. All shareholders approved the appointment of Ernst & Young LLP as the company's auditor and authorised directors of the company to fix their remuneration.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Gemfields smashes another revenue record after ruby auction

Gemfields Group Ltd - London-headquartered gemstones supplier - Reports record revenue of USD95.6 million at Montepuez Ruby Mining Ltd's recent auction. The results of the ruby auction are comprised of seven sequential mini-auctions held in Bangkok from May 30 to this past Friday. At an auction held between May 9 and May 26, Gemfields booked revenue of USD43.3 million, also a record at the time.

IN BRIEF: Gemfields country chief sells shares after options exercise

Gemfields Group Ltd - London-headquartered gemstones supplier - Kartikeya Parikshya, managing director for Mozambique & Ethiopia, exercises options for 2.9 million shares and sells all of them at average ZAR3.17, worth ZAR9.4 million, about GBP470,000, on Tuesday.