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Pin to quick picksGemfields Grou. Share News (GEM)

Share Price Information for Gemfields Grou. (GEM)

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Share Price: 12.125
Bid: 11.75
Ask: 12.50
Change: 0.00 (0.00%)
Spread: 0.75 (6.383%)
Open: 12.125
High: 12.125
Low: 12.125
Prev. Close: 12.125
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Gemfields hails "momentous quarter" after inaugural auction

Thu, 07th Aug 2014 15:00

Gemfields enjoyed a strong final quarter, during which the company held the first ever auction of rubies from its mine in Mozambique, the mining firm announced on Thursday.The auction delivered revenues of $33m (£19.6m) at an average realised price of $18.4 (£10.9) per carat.The company has confirmed one more ruby auction is scheduled for 2014.In the three months before June, Montepuez, Gemfields' Mozambican mine, saw its production of ruby and corundum fall from 1.1m to 0.2m compared to the same period 12 months ago, but Gemfields said the quality of the extracted product was much higher."Gemfields enjoyed a momentous quarter given the success of our inaugural auction of rough ruby and corundum from the Montepuez ruby deposit in Mozambique, held in Singapore," said Gemfields' chief executive officer Ian Harebottle."The auction represented a profound shift in the ruby industry and underscored the prospects of our model and vision for the coloured gemstone sector."The company's emerald mine at Kagem, Zambia, saw its production in the last quarter fall from 8.9m to 6.3m year-on-year, though Gemfields stressed the output was higher than in the previous two quarters.Emerald grade fell from 322 carats per tonne last year to 271, while costs rose from $1.01 per carat to $1.33 per carat.During the quarter, Gemfields said an auction in May of traded rough emeralds (not obtained directly from its own mining operations) raised $13.5m. The next auction of mined emeralds and beryl concludes on Friday.Gemfields shares had lost 1.27% to 48.50p at 14:39 on Thursday.DC
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26 Sep 2016 08:49

Gemfields' profits soar as production growth continues

(ShareCast News) - AIM listed coloured gem stone miner Gemfields' full year revenues and profits rose as it increased production at its Zambia and Mozambique emerald and ruby mines. For the year ended 30 June, revenue increased by 12.6% to $193.1m, compared to the previous year, which resulted in

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26 Sep 2016 08:48

BUZZ-Gemfields: hits 4-mth high on strong results

** Miner Gemfields up 3.3 pct, highest level since May and top gainer on FTSE AIM 100 index after reporting revenue in line with its forecasts ** FY revenue $193.1 mln, up 13 pct versus last year, profit after tax up 91 pct to $23.5 mln ** Co's FY revenue beats Panmure Gordon's expect

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19 Sep 2016 15:05

UK Earnings, Trading Statements Calendar - Next 7 Days

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15 Sep 2016 08:29

BROKER RATINGS SUMMARY: Liberum Downgrades Hargreaves Lansdown To Sell

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1 Aug 2016 14:02

Gemfields' ruby production to exceed expectations

(ShareCast News) - Coloured gemstone miner Gemfields said production from its ruby mine would exceed expectations. For the three months ended 30 June, the company reported that its 75% owned subsidiary Montepuez Ruby Mining in Mozambique produced 6.2m carats of ruby and corundum with an average grad

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5 Jul 2016 08:39

BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers

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4 Jul 2016 13:33

Gemfields finalises debt-financing facilities of $65m

(ShareCast News) - Gemfields has confirmed the finalisation of four debt-financing facilities totalling $65m. These included a $45m facility for the Ruby operations, Montepuez Ruby Mining Lda, which is 75% owned by Gemfields. This facility included three $15m elements. A further $20m fixed-term fin

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4 Jul 2016 08:37

BROKER RATINGS SUMMARY: Liberum Downgrades Property Stocks

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4 Jul 2016 07:17

LONDON BRIEFING: IAG Shares Sold Amid Spanish Probe Into Vueling

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4 Jul 2016 07:00

Gemfields Secures USD65 Million Of Financing For Ruby Operations

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23 Jun 2016 09:13

Gemfields Launches Global Marketing Campaign For Montepuez Rubies

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20 Jun 2016 12:29

London midday: Financials pace gains as Footsie keeps climbing

(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.

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20 Jun 2016 08:54

Gemfields' Mozambique ruby auction raises $44.3m

(ShareCast News) - Gemfields, a British supplier of responsibly sourced coloured gemstones, reported record total revenues of $44.3m at a recent auction of rough rubies in Singapore as the increasing quality of Mozambique gems attracts growing demand. At Gemfields' sixth auction of rough rubies this

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20 Jun 2016 06:56

Gemfields Generates USD44.3 Million From Singapore Rubies Auction

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23 May 2016 07:26

Gemfields Generates USD14.3 Million From Jaipur Emerald Auction

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