Gem Diamonds Di Share News (GEMD)

Gem Diamonds Sells 198 Carat White Diamond For USD10.6 Million

UPDATE 1-Gem Diamonds sells white diamond for $10.6 mln

(Adds analyst comment, other diamond sales)) By Karen Rebelo Oct. 1 (Reuters) - London-listed Gem Diamonds Ltd said it had sold a 198-carat white diamond recovered from its Lesotho mine in August for $10.6 million. 2014 has been a bonanza year for diamond miners such as Gem and

Gem Diamonds sells 198 carat white diamond for $10.6 mln

Oct. 1 (Reuters) - Gem Diamonds Ltd said it sold a 198 carat white diamond recovered from its Lesotho mine in August for $10.6 million. The diamond was sold in accordance with its colour, clarity and expected polished yield at Letseng's September tender, the company said in a statement on W

UK BROKER RATINGS: Bernstein Raises Shell To Outperform

Gem Diamonds Opens Ghaghoo Diamond Mine In Botswana

Gem Diamonds sees no impact on production from Lesotho crisis

Sept 1 (Reuters) - Gem Diamonds Ltd, whose flagship mine Letseng is located in Lesotho, said it did not anticipate any impact on its operations from the political crisis unfolding in the country. Prime Minister Thomas Thabane fled Lesotho for South Africa early on Saturday, hours before the

Thursday broker round-up UPDATE

Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds

Thursday tips round-up: Hochschild Mining, Gem Diamonds

Investors in Latin-America focused precious metals miner Hochschild Mining should be wary. The company has made good progress cutting its costs, delivering $70m more in savings last year than the $200m originally envisaged. However, cost reductions can only go so far. The company's quandary is much

Gem Diamonds sees "excellent" results in the first half

Gem Diamonds said on Wednesday its revenue was up 54% at $148.9m in the first half of the year due to a good performance at the Letseng mine. The miner's underlying core earnings were up 87% at $62.2m compared with $33.2m at the same time last year. The diamond producer, which works in Lesotho an

UPDATE 2-Strong earnings push Gem Diamonds shares to more than 2-year high

* First-half underlying EBITDA jumps 87 pct to $62.2 mln * First-half revenue rises 54 pct to $148.9 mln * Shares rise as much as 4 pct to highest in more than two years (Adds CEO, analyst comments, details; updates share movement) By Esha Vaish Aug 20 (Reuters) - Diamon

UK MORNING BRIEFING: Glencore Sets USD1 Billion Share Buyback

Gem Diamonds First-Half Results Sparkle On Let?eng Mine Success

Gem Diamonds core earnings jump 87 pct

Aug 20 (Reuters) - Gem Diamonds Ltd reported an 87 percent jump in first-half underlying core earnings as it sold more diamonds at higher prices. The diamond miner, which has operations in Lesotho and Botswana, said underlying earnings before interest, taxes, depreciation and amortisation r

Gem Diamonds Finds 198 Carat Diamond At Letseng Mine

UPDATE 1-Gem Diamonds unearths 'exceptional' diamond in Lesotho

* 198-carat white diamond recovered from Letseng mine * Company says diamond will fetch "exceptional price" this year * Panmure Gordon analysts estimate price of $10-15 mln * Shares rise more than 7 pct (Adds details, analyst comment, share price) By Roshni Menon A