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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 director nets ZAR11 million after options exercise
10 May 2022 - IN BRIEF: Gemfields posts record USD42.3 million revenue after auction
4 Apr 2022 - Gemfields declares maiden dividend in 2021 on buoyant market
25 Mar 2022 - LONDON BROKER RATINGS: Next and B&M raised; British Land cut to 'hold'
25 Mar 2022 - Gemfields shares rally after upbeat annual earnings guidance
22 Mar 2022 - Gemfields sale of SPM holdings simplified by Ivy Lane 'unbundling'
7 Jan 2022 - IN BRIEF: Gemfields "unbundles" stake in Sedibelo Platinum Mines
7 Jan 2022 - LONDON BROKER RATINGS: HSBC lifts WPP to Buy, cuts Wizz Air to Reduce
13 Dec 2021
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Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Gemfields Grou. News
IN BRIEF: Gemfields director nets ZAR11 million after options exercise
Gemfields Group Ltd - London-headquartered gemstones supplier - Chandana Venkata Suresh, director of operations for Africa, sells 3.5 million shares a...
IN BRIEF: Gemfields posts record USD42.3 million revenue after auction
Gemfields Group Ltd - London-headquartered gemstones supplier - Announces it generated USD42.3 million in revenue from its recent all-time record auct...
Gemfields declares maiden dividend in 2021 on buoyant market
(Alliance News) - Gemfields Group Ltd on Friday declared a first-ever dividend in 2021, with its operations "firing on all cylinders" again and the co...
LONDON BROKER RATINGS: Next and B&M raised; British Land cut to 'hold'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Gemfields shares rally after upbeat annual earnings guidance
(Alliance News) - Gemfields Group Ltd expects to turn profit in 2021 as a result of record-breaking gemstone auctions last year, underpinning a recove...
Gemfields sale of SPM holdings simplified by Ivy Lane 'unbundling'
(Sharecast News) - Gemfields updated the market on the proposed sale of its interest in Sedibelo Platinum Mines (SPM) on Friday, confirming the 'unbun...
IN BRIEF: Gemfields "unbundles" stake in Sedibelo Platinum Mines
IN BRIEF: Gemfields "unbundles" stake in Sedibelo Platinum Mines
LONDON BROKER RATINGS: HSBC lifts WPP to Buy, cuts Wizz Air to Reduce
LONDON BROKER RATINGS: HSBC lifts WPP to Buy, cuts Wizz Air to Reduce
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