Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGemfields Grou. Share News (GEM)

Share Price Information for Gemfields Grou. (GEM)

Share Price is delayed by 15 minutes
Get Live Data
4.10    0.00 (0.00%)
Bid:
3.70
Ask:
4.50
Spread: 0.80 (21.622%)
Market Cap: £70.69m
GEM Live PriceLast checked at - London Stock Exchange

Intraday Gemfields Grou. Share Chart

Gemfields first ruby auction generates $33.5 mln

Wed, 18th Jun 2014 06:30

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)

Related News

Mozambique's new mine ownership rules could deter foreign investment, industry body says
5 hours ago

Mozambique's new mine ownership rules could deter foreign investment, industry body says

VICTORIA FALLS, Zimbabwe, June 18 (Reuters) - Mozambique's new ​law ⁠requiring the state to have ​a 15% stake in all mining ventures could deter forei...

Mozambique tightens grip on mining with 15% state stake rule, local processing
4 Jun 2026

Mozambique tightens grip on mining with 15% state stake rule, local processing

* Mozambique pushing for local processing, joining African peers

Gemfields Grou. News