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Gemfields first ruby auction generates $33.5 mln
June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held inSingapore generated revenue of $33.5 million.
Gemfields, which mines rubies from its Montepuez deposit inMozambique, said the average realised price was $18.43 per caratfor the auction held during June 12-17.
Aggregate consolidated revenue from rough gemstone sales forthe year ending June 30 now exceeded $143 million, the companysaid. The London-listed miner produces about a fifth of theworld's rough emeralds. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)
Latest GEM News
- IN BRIEF: Gemfields ruby revenue down amid headwinds after auction
19 Jun 2024 - UK shareholder meetings calendar - next 7 days
18 Jun 2024 - UK dividends calendar - next 7 days
17 Jun 2024 - Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair
11 Jun 2024 - IN BRIEF: Gemfields test shows noteworthy gold deposits in Mozambique
6 Jun 2024 - IN BRIEF: Gemfields lauds robust emerald auction despite softer market
31 May 2024 - UK dividends calendar - next 7 days
30 May 2024 - Gemfields annual profit tumbles after scrapping auction, write-down
25 Mar 2024
Related News
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Latest Gemfields emerald auction generates $26.8m
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but c...
Gemfields Grou. News
IN BRIEF: Gemfields ruby revenue down amid headwinds after auction
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD68.7 million in revenue from auction of rubies from the Montepu...
UK dividends calendar - next 7 days
Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair
(Alliance News) - Gemfields Group Ltd announced on Tuesday that former De Beers boss Bruce Cleaver will become its new chair from next month.
IN BRIEF: Gemfields test shows noteworthy gold deposits in Mozambique
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Reports that a maiden mineral resource estimate infers "noteworthy" gold dep...
IN BRIEF: Gemfields lauds robust emerald auction despite softer market
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD35.0 million in revenue from an emerald auction that took place...
UK dividends calendar - next 7 days
Gemfields annual profit tumbles after scrapping auction, write-down
(Alliance News) - Gemfields Group Ltd reported on Monday it had slashed its dividend after profit dived due to a write-down on its platinum group meta...
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