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17 Jul 2015 11:41
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 |
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Grant Thornton UK LLP |
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Nominated Adviser |
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Philip Secrett/Richard Tonthat/Jamie Barklem | +44 (0)20 7383 5100 |
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J.P. Morgan Cazenove |
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Joint Broker |
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Jamie Riddell | +44 (0)20 7742 4000 |
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BMO Capital Markets Limited |
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Joint Broker |
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Jeff Couch/Neil Haycock/Tom Rider/Jenny Wyllie | +44 (0)20 7236 1010 |
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Macquarie Capital (Europe) Limited Joint Broker Raj Khatri/Ken Fleming/Nick Stamp/Fergus Marcroft |
+44 (0)20 3037 2000 |
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Tavistock |
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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.
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