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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 reverses decision to issue 1.4 million new shares
30 Jun 2022 - IN BRIEF: Gemfields says some shareholders oppose remuneration policy
29 Jun 2022 - UK shareholder meetings calendar - next 7 days
22 Jun 2022 - IN BRIEF: Gemfields smashes another revenue record after ruby auction
20 Jun 2022 - IN BRIEF: Gemfields country chief sells shares after options exercise
27 May 2022 - LONDON BROKER RATINGS: JPMorgan cuts Just Eat Takeaway and Deliveroo
27 May 2022 - IN BRIEF: Gemfields hits all-time record revenue after emerald auction
27 May 2022 - CORRECT: Gemfields director sells ZAR11 million worth of shares
12 May 2022
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Gemfields Grou. News
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 h...
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 re...
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 auctio...
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 fo...
LONDON BROKER RATINGS: JPMorgan cuts Just Eat Takeaway and Deliveroo
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
IN BRIEF: Gemfields hits all-time record revenue after emerald auction
Gemfields Group Ltd - London-headquartered gemstones supplier - Generates all-time record revenue of USD43.3 million at Kagem Mining Ltd's emerald auc...
CORRECT: Gemfields director sells ZAR11 million worth of shares
(Correcting that the share sale was worth ZAR11.2 million before factoring in the purchase costs of the options, and Suresh didn't net ZAR11.2 million...
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