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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 warns of potential disruption from unrest in Mozambique
24 Dec 2024 - AIM WINNERS & LOSERS: Proteome says "strong growth" to continue
23 Dec 2024 - AIM WINNERS & LOSERS: Proteome says "strong growth" to continue
23 Dec 2024 - Gemfields shares slide as it addresses market challenges
23 Dec 2024 - Gemfields suspends emerald mining and shelves capex to cut costs
23 Dec 2024 - IN BRIEF: Gemfields issues Mozambique warning after positive ruby sale
12 Dec 2024 - Gemfields sells 30 of 43 lots in emerald auction
22 Nov 2024 - IN BRIEF: Gemfields emerald auction "disappointing" amid competition
22 Nov 2024
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
Gemfields warns of potential disruption from unrest in Mozambique
(Alliance News) - Gemfields Group Ltd on Tuesday warned that its operations may be affected by recent unrest in Mozambique.
AIM WINNERS & LOSERS: Proteome says "strong growth" to continue
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
AIM WINNERS & LOSERS: Proteome says "strong growth" to continue
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
Gemfields shares slide as it addresses market challenges
(Sharecast News) - Gemfields announced a series of measures to address significant challenges affecting its business on Monday, while maintaining a fo...
Gemfields suspends emerald mining and shelves capex to cut costs
(Alliance News) - Gemfields Group Ltd reported on Monday it is suspending mining its the emerald mine in Zambia, shelving planned capital expenditure ...
IN BRIEF: Gemfields issues Mozambique warning after positive ruby sale
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates revenue of USD46.2 million at a mixed-quality rough ruby auction h...
Gemfields sells 30 of 43 lots in emerald auction
(Sharecast News) - Gemfields reported revenues of $16.1m from its latest auction of higher-quality rough emeralds on Friday, held between 4 and 21 Nov...
IN BRIEF: Gemfields emerald auction "disappointing" amid competition
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates emerald revenue of USD16.1 million at the second auction in 2024 t...
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