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Pin to quick picksGemfields Grou. Regulatory News (GEM)

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Montepuez Ruby Update and Analyst Presentation

17 Jul 2015 11:41

RNS Number : 3873T
Gemfields PLC
17 July 2015
 

Gemfields plc

 

("Gemfields" or the "Company")

 

Montepuez Ruby Update and Analyst Presentation

 

17 July 2015

 

 

Gemfields plc (AIM: GEM) will announce its maiden JORC resource at its 75% owned Montepuez ruby deposit in Mozambique on Wednesday 22 July 2015.

 

The Company will be hosting an analyst briefing at 09:30 GMT on the day. A live audio webcast of the presentation will be hosted at the same time; details will be available within the announcement and on the Company's website. 

 

If you would like to attend the presentation please email Gemfields@tavistock.co.uk.

 

ENQUIRIES:

 

Gemfields

janet.boyce@gemfields.co.uk

Janet Boyce, CFO

+44 (0)20 7518 7283

 

 

Grant Thornton UK LLP

 

Nominated Adviser

 

Philip Secrett/Richard Tonthat/Jamie Barklem

+44 (0)20 7383 5100

 

 

J.P. Morgan Cazenove 

 

Joint Broker

 

Jamie Riddell

+44 (0)20 7742 4000

 

 

BMO Capital Markets Limited

 

Joint Broker

 

Jeff Couch/Neil Haycock/Tom Rider/Jenny Wyllie

+44 (0)20 7236 1010

 

 

Macquarie Capital (Europe) Limited

Joint Broker

Raj Khatri/Ken Fleming/Nick Stamp/Fergus Marcroft

 

 

+44 (0)20 3037 2000

 

 

Tavistock

 

Jos Simson/Emily Fenton/ Barney Hayward

+44 (0)20 7920 3150

 

Notes to Editors:

 

Gemfields plc is the world's leading supplier of responsibly sourced coloured gemstones and is listed on the AIM market of the London Stock Exchange (ticker: GEM) where it is a constituent of the AIM50 index.

 

In July 2009, Gemfields commenced a formal auction programme for Zambian emeralds mined at the Kagem emerald mine. To date, the Company has held 18 auctions of emerald and beryl produced at Kagem and which have generated revenues totalling USD 325 million. The Company has also held two standalone auctions of traded rough emeralds (of gemstones not obtained directly from the Company's own mining operations) which generated revenues of USD 22 million.

 

The Company also owns licences in Madagascar, Sri Lanka and Ethiopia including ruby, emerald and sapphire deposits. The four ruby and corundum auctions held since June 2015 have generated USD 122 million in aggregate revenues.

In addition, Gemfields holds a 50% interest in the Kariba amethyst mine in Zambia. In February 2015 Gemfields held its second auction of rough amethyst extracted from Kariba amethyst mine, generating revenues of USD 0.45 million.

 

Gemfields acquired the Fabergé brand in January 2013 to create a globally recognised coloured gemstone champion. Fabergé provides Gemfields with direct control over a high-end luxury goods platform and a global brand with exceptional heritage.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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