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Share Price Information for Gemfields Grou. (GEM)
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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
- Gemfields set to swing to loss in 2023
22 Mar 2024 - UK earnings, trading statements calendar - next 7 days
22 Mar 2024 - Gemfields expects to swing to annual loss on write-down, lower output
22 Mar 2024 - IN BRIEF: Gemfields auction revenue slumps 23% in 2023 after record
29 Jan 2024 - IN BRIEF: Gemfields shares rise after "decidedly healthy" ruby auction
6 Dec 2023 - Directors dealings: Assore International ups stake in Gemfields further
2 Nov 2023 - IN BRIEF: Gemfields completes USD10 million share buyback programme
23 Oct 2023 - CORRECT (Oct 20): Gemfields buys back shares for ZAR176 million
23 Oct 2023
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
Gemfields set to swing to loss in 2023
(Sharecast News) - Coloured gemstone specialist Gemfields said in a trading update on Friday that its two primary operating assets, Kagem and MRM, con...
Gemfields expects to swing to annual loss on write-down, lower output
(Alliance News) - Gemfields Group Ltd warned on Friday it expects to swing to an annual loss after a platinum group metals write-down and the withdraw...
IN BRIEF: Gemfields auction revenue slumps 23% in 2023 after record
Gemfields Group Ltd - London-headquartered gemstones producer - Posts a 23% drop in auction revenue to USD242 million in 2023 from USD316 million in 2...
IN BRIEF: Gemfields shares rise after "decidedly healthy" ruby auction
Gemfields Group Ltd - gemstones producer in Mozambique and Zambia and owner of luxury brand Faberge - Generates revenue of USD69.5 million from its ru...
Directors dealings: Assore International ups stake in Gemfields further
(Sharecast News) - Gemfields announced that Assore International Holdings had further increased its stake in the emeralds and rubies miner.
IN BRIEF: Gemfields completes USD10 million share buyback programme
Gemfields Group Ltd - gemstones producer in Mozambique and Zambia and owner of luxury brand Faberge - Completes USD10 million share buyback programme ...
CORRECT (Oct 20): Gemfields buys back shares for ZAR176 million
(Correcting that buy back amount is total in programme to date.)
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