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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 To Dispose Of Indirect 6.5% Interest In Sedibelo Platinum
13 Nov 2020 - IN BRIEF: Gemfields Says First Mini-Auction Successful
10 Nov 2020 - IN BRIEF: Gemfields Swings To Interim Loss As Lockdown Hurts Revenue
18 Sep 2020 - Gemfields swings to interim loss as Covid-19 halts auctions
14 Sep 2020 - Gemfields Faces Predicament As Auction Sales Halted By Pandemic
14 Sep 2020 - IN BRIEF: Gemfields Expects Sharp Interim Revenue Fall On No Auctions
29 Jul 2020 - Gemfields To Engage With Investors As Remuneration Policy Draws Ire
24 Jun 2020 - UK Shareholder Meetings Calendar - Next 7 Days
18 Jun 2020
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* Mozambique pushing for local processing, joining African peers
Gemfields Grou. News
Gemfields To Dispose Of Indirect 6.5% Interest In Sedibelo Platinum
Gemfields To Dispose Of Indirect 6.5% Interest In Sedibelo Platinum
IN BRIEF: Gemfields Says First Mini-Auction Successful
IN BRIEF: Gemfields Says First Mini-Auction Successful
IN BRIEF: Gemfields Swings To Interim Loss As Lockdown Hurts Revenue
IN BRIEF: Gemfields Swings To Interim Loss As Lockdown Hurts Revenue
Gemfields swings to interim loss as Covid-19 halts auctions
(Sharecast News) - Natural resources mining firm Gemfields said on Monday that it had swung to an interim loss after being "severely impacted" by the ...
Gemfields Faces Predicament As Auction Sales Halted By Pandemic
Gemfields Faces Predicament As Auction Sales Halted By Pandemic
IN BRIEF: Gemfields Expects Sharp Interim Revenue Fall On No Auctions
IN BRIEF: Gemfields Expects Sharp Interim Revenue Fall On No Auctions
Gemfields To Engage With Investors As Remuneration Policy Draws Ire
Gemfields To Engage With Investors As Remuneration Policy Draws Ire
UK Shareholder Meetings Calendar - Next 7 Days
UK Shareholder Meetings Calendar - Next 7 Days
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