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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
- Tuesday broker round-up
27 Sep 2016 - Gemfields' profits soar as production growth continues
26 Sep 2016 - BUZZ-Gemfields: hits 4-mth high on strong results
26 Sep 2016 - UK Earnings, Trading Statements Calendar - Next 7 Days
19 Sep 2016 - BROKER RATINGS SUMMARY: Liberum Downgrades Hargreaves Lansdown To Sell
15 Sep 2016 - Gemfields' ruby production to exceed expectations
1 Aug 2016 - BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers
5 Jul 2016 - Gemfields finalises debt-financing facilities of $65m
4 Jul 2016
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Gemfields Grou. News
Tuesday broker round-up
(ShareCast News) - Vodafone: HSBC reiterates buy with a target price of 280p. Melrose: UBS upgrades to buy, 200p target. Marks & Spencer: Deutsche Ba...
Gemfields' profits soar as production growth continues
(ShareCast News) - AIM listed coloured gem stone miner Gemfields' full year revenues and profits rose as it increased production at its Zambia and Moz...
BUZZ-Gemfields: hits 4-mth high on strong results
** Miner Gemfields up 3.3 pct, highest level since May and top gainer on FTSE AIM 100 index after reporting revenue in line with its forecasts ** FY r...
Gemfields' ruby production to exceed expectations
(ShareCast News) - Coloured gemstone miner Gemfields said production from its ruby mine would exceed expectations. For the three months ended 30 June,...
Gemfields finalises debt-financing facilities of $65m
(ShareCast News) - Gemfields has confirmed the finalisation of four debt-financing facilities totalling $65m. These included a $45m facility for the R...
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