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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 quarterly emerald, beryl production nearly triples
14 Apr 2015 - UPDATE 2-Gemfields looks to expand trading in precious stones
9 Mar 2015 - Gemfields 2014 Profit Rises On Higher Revenue But Average Grade Slips
9 Mar 2015 - Gemfields reports second-half figures in line with forecasts
9 Mar 2015 - Gemfields' core profit more than triples as auction sales rise
9 Mar 2015 - UK Earnings, Trading Statements Calendar - Week Ahead
9 Mar 2015 - MARKET COMMENT: FTSE 100 Slides On US Jobs Data, Miners Weigh
6 Mar 2015 - UK Earnings, Trading Statements Calendar - Week Ahead
6 Mar 2015
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Gemfields Grou. News
Gemfields quarterly emerald, beryl production nearly triples
April 14 (Reuters) - Gemfields Plc's quarterly emerald and beryl production nearly tripled, driven by increased average grade of minerals mined at the...
UPDATE 2-Gemfields looks to expand trading in precious stones
* Trading could contribute "sizeable chunk" of revenue - CEO * CEO expects to obtain trading approval in Zambia * First-half core earnings more than t...
Gemfields reports second-half figures in line with forecasts
Precious stones miner Gemfields saw second-half revenues jump, while operating profits more than tripled. Revenues were standing 57% higher at $103.4m...
Gemfields' core profit more than triples as auction sales rise
March 9 (Reuters) - Precious stones miner Gemfields Plc said its core earnings more than tripled in the first half of the fiscal year as it produced ...
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