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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
- BROKER RATING CHANGES: Investec Raises Barclays To Buy
4 Oct 2013 - Friday tips round-up: Aviva, Ted Baker, Gemfields
4 Oct 2013 - STOCKS NEWS EUROPE-UK small caps closes down 0.4 percent
3 Oct 2013 - Gemfields results held back by Zambian government discussions
3 Oct 2013 - Gemfields Swings To Loss As Switch To Local Zambian Auctions Disrupts Sales
3 Oct 2013 - UPDATE 1-Gemfields says keen to acquire more emerald deposits
3 Oct 2013 - Emerald miner Gemfields revenue tumbles after auction delay
3 Oct 2013 - STOCKS NEWS EUROPE-UK small caps up 0.1 pct into mid-session
22 Jul 2013
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Gemfields Grou. News
Friday tips round-up: Aviva, Ted Baker, Gemfields
Aviva's sale of its USA unit means that the programme of sales of non-core businesses, or those that needed more capital than Aviva was prepared to co...
STOCKS NEWS EUROPE-UK small caps closes down 0.4 percent
UK small caps and junior-listed AIM shares fall as much as 0.4 percent underperforming the mid-caps and the blue chips, which shed 0.1 percent and ris...
Gemfields results held back by Zambian government discussions
Disruptions to its auction schedule held back revenues at gemstone miner and Fabergé owner Gemfields in the year to June, though demand and market pri...
UPDATE 1-Gemfields says keen to acquire more emerald deposits
* Says close to acquiring a sapphire asset * Full-year revenue falls 42 pct * Full-year pretax loss $22.8 mln vs profit $161.5 mln last year * Appoint...
Emerald miner Gemfields revenue tumbles after auction delay
Oct 3 (Reuters) - Emerald miner Gemfields Plc reported a 42 percent drop in revenue as it had to delay a rough-emeralds auction by a month following ...
STOCKS NEWS EUROPE-UK small caps up 0.1 pct into mid-session
UK small caps are up 0.1 percent heading into mid-session, while junior-listed AIM shares gain 0.3 percent, with both outperforming the slightly softe...
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