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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
- UPDATE 1-Gemfields first-half revenue dazzles on higher prices
3 Mar 2014 - Gemfields Revenues Double But Pretax Profit Falls On Higher Expenses
3 Mar 2014 - Emerald miner Gemfields first-half core earnings fall
3 Mar 2014 - UK BROKER RATINGS: Numis Cuts RSA To Reduce; Shore Cuts RBS To Hold
27 Feb 2014 - Gemfields Notes Record Revenues From Recent Auction
26 Feb 2014 - Gemfields Zambian emerald auction generates record revenue
26 Feb 2014 - Gemfields Achieves Strong Revenues In Half Even As Production Falls
3 Feb 2014 - UK BROKER RATING CHANGES: Three Brokers Cut Kingfisher Price Target
29 Nov 2013
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* Mozambique pushing for local processing, joining African peers
Gemfields Grou. News
UPDATE 1-Gemfields first-half revenue dazzles on higher prices
* Revenue jumps 137 percent to $65.7 mln * EBITDA falls about 8 pct to $18 mln * Shares down marginally By Karen Rebelo March 3 (Reuters) - Precious s...
Gemfields Revenues Double But Pretax Profit Falls On Higher Expenses
LONDON (Alliance News) - Gemfields PLC Monday said its pretax profit fell significantly in its first half as costs and administrative expenses offset ...
Emerald miner Gemfields first-half core earnings fall
March 3 (Reuters) - Precious stones miner Gemfields Plc's core earnings for the first half fell about 8 percent hurt by higher production costs. Core...
UK BROKER RATINGS: Numis Cuts RSA To Reduce; Shore Cuts RBS To Hold
LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:----------FTSE 100----------MORGAN STANLEY RAISES W...
Gemfields Notes Record Revenues From Recent Auction
LONDON (Alliance News) - Gemfields PLC Wednesday said it has continued to achieve strong revenues after its Zambian auction of predominantly higher qu...
Gemfields Zambian emerald auction generates record revenue
Feb 26 (Reuters) - Gemfields Plc, producer of about a fifth of the world's rough emeralds, said revenues from its latest auction in Zambia were a reco...
Gemfields Achieves Strong Revenues In Half Even As Production Falls
LONDON (Alliance News) - Gemfields PLC Monday said it saw strong revenues in its first half despite a fall in production levels and grade in the secon...
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