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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
- IN BRIEF: Gemfields to restart open-pit mining at Zambian emerald mine
8 May 2025 - IN BRIEF: Gemfields emerald revenue sharply up as sentiment improves
30 Apr 2025 - IN BRIEF: Gemfields ruby auction robust demand despite tariff woes
29 Apr 2025 - UPDATE: Gemfields shareholders to vote on equity rights issue in May
11 Apr 2025 - Gemfields shares slump as FY revenues fall
11 Apr 2025 - LONDON MARKET OPEN: Stocks up as UK GDP growth exceeds expectations
11 Apr 2025 - Gemfields plans equity rights issue after swing to loss in 2024
11 Apr 2025 - IN BRIEF: Gemfields delays 2024 financial results until further notice
26 Mar 2025
Related News
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Latest Gemfields emerald auction generates $26.8m
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but c...
Gemfields Grou. News
IN BRIEF: Gemfields to restart open-pit mining at Zambian emerald mine
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Kagem Mining Ltd, the Zambian emerald mine in which it owns a 75% intere...
IN BRIEF: Gemfields emerald revenue sharply up as sentiment improves
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD16.4 million from rough emerald auction held bet...
IN BRIEF: Gemfields ruby auction robust demand despite tariff woes
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD7.2 million at an auction of rough rubies held f...
UPDATE: Gemfields shareholders to vote on equity rights issue in May
(Alliance News) - Gemfields Group Ltd said on Friday it will ask its shareholders next month to approve the planned equity rights issue.
Gemfields shares slump as FY revenues fall
(Sharecast News) - Shares in mining outfit Gemfields Group slumped early on Friday after the firm posted a decline in FY revenues and warned of operat...
LONDON MARKET OPEN: Stocks up as UK GDP growth exceeds expectations
(Alliance News) - Stock prices in London opened somewhat higher on Friday, as tensions remain high over US President Donald Trump's latest tariffs.
Gemfields plans equity rights issue after swing to loss in 2024
(Alliance News) - Gemfields Group Ltd on Friday announced that it intends to raise USD30 million through an equity rights issue, after swinging to ann...
IN BRIEF: Gemfields delays 2024 financial results until further notice
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Needs more time to finalise its full-year financial results for 2024. Sa...
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