Gemfields Grou. Share News (GEM)

UK Earnings, Trading Statements Calendar - Week Ahead

Gemfields Achieves "Traffic Light" Strategy With Sri Lankan Sapphires

UPDATE 1-Gemfields forms JV to hunt for sapphires in Sri Lanka

(Adds analyst comment, background, share price) By Karen Rebelo Sept 15 (Reuters) - Precious stones miner Gemfields Plc has formed a joint venture to mine sapphires in Sri Lanka as part of its long-held ambition to become the De Beers of the global coloured stones market. Gemfi

Gemfields enters Sri Lankan JV

British miner Gemfields has announced it has entered a joint venture with East West Gem Investments (EWGI), as the group seeks to extend its network in Sri Lanka. Gemfields has acquired 75% operating interest in 16 exploration licences, covering a range of minerals, for about $0.4m and under the agr

Gemfields forms jv to explore gemstones in Sri Lanka

Sept 15 (Reuters) - Gemfields Plc, which produces about a fifth of the world's rough emeralds, said it had formed a joint venture to explore sapphire and gemstones in Sri Lanka. The London-listed miner said the joint venture with East West Gem Investments Ltd (EWGI), a Jersey-registered com

Gemfields Reports Good Revenue From August Auction

Gemfields hails "momentous quarter" after inaugural auction

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 conf

Gemfields Production Falls In Quarter, With Revenue Down At Faberge

Thursday broker round-up UPDATE

Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin

Wednesday broker round-up UPDATE

Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k

Gemfields Nets USD33.5 Million From Rough Ruby And Corundum Auction

LONDON (Alliance News) - Gemfields PLC Wednesday saw total revenues of USD33.5 million from its inaugural auction of rough ruby and corundum in Singapore between June 12 and 17. The rough ruby and corundum was extracted by Montepuez Ruby Mining Limitada, in which Gemfields has a 75% interes

Gemfields first ruby auction generates $33.5 mln

June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held in Singapore generated revenue of $33.5 million. Gemfields, which mines rubies from its Montepuez deposit in Mozambique, said the average realised price was $18.43 per carat for the au

Friday broker round-up UPDATE

Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f

Gemfields boosts revenue from emerald auctions

Coloured gemstone miner and trader Gemfields has increased revenues from its emerald auctions by more than half, paving the way for more expansion. Gemfields said it increased gross revenue from its second stand-alone auction of traded rough emeralds in Jaipur, India, by 59% to $13.5m, compared to