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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
- IN BRIEF: Gemfields buys back own shares for ZAR176 million
20 Oct 2023 - Gemfields lifts interim dividend but warns of lower full-year results
22 Sep 2023 - CORRECT: Gemfields nets USD25 million revenue from emerald auction
18 Sep 2023 - IN BRIEF: Gemfields nets USD25 million revenue from emerald auction
18 Sep 2023 - Gemfields shares fall sharply after first-half earnings warning
14 Sep 2023 - Gemfields shares drop as H1 profits sink
14 Sep 2023 - IN BRIEF: Gemfields ruby unit enters into contract to build new plant
7 Aug 2023 - CORRECT: Gemfields posts interim auction revenue of USD145 million
31 Jul 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
IN BRIEF: Gemfields buys back own shares for ZAR176 million
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Buys back 55.6 million shares at an average ZAR3.17 each, in transactions wo...
Gemfields lifts interim dividend but warns of lower full-year results
(Alliance News) - Gemfields Group Ltd on Friday reported profit for the first half of 2023 more than halved as a result mainly of lower sales.
CORRECT: Gemfields nets USD25 million revenue from emerald auction
(Correcting that the first auction recorded USD21.2 million in March, not May)
IN BRIEF: Gemfields nets USD25 million revenue from emerald auction
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD25.5 million in revenue from its third and final Kagem emerald ...
Gemfields shares fall sharply after first-half earnings warning
(Alliance News) - Gemfields Group Ltd said on Thursday it expects interim profit to tumbled by over two thirds on the back of sharply lower top-line g...
Gemfields shares drop as H1 profits sink
(Sharecast News) - Shares in Gemfields tanked on Thursday morning after the gemstones miner and Fabergé owner said both revenues and profits in ...
IN BRIEF: Gemfields ruby unit enters into contract to build new plant
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Montepuez Ruby Mining Ltda has entered into a legally binding cont...
CORRECT: Gemfields posts interim auction revenue of USD145 million
(Correcting that revenue also includes ruby auctions and Faberge; not just emerald auctions.)
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