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Gemfields Grou. (GEM) Share News

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IN BRIEF: Gemfields shares rise despite 50% drop in auction revenue

31st Jul 2025 15:22

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Total auction revenue is USD60 million for the first half of 2025, halved from USD121 million a year earlier. Says the construction of Montepuez Ruby Mining Ltda's second processing plant in Mozambique is nearing completion and remains materially on budget. First ruby production is expected next month. Anticipates full completion in September. Read More

IN BRIEF: Gemfields picks Louis du Preez as non-executive director

25th Jun 2025 14:35

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Appoints Louis du Preez as a non-executive director, with immediate effect. Du Preez's appointment follows regulatory due diligence and the approval of shareholders at the annual general meeting on Wednesday. He fulfils the role of chief finanial officer of Ibex Holdings, and has served on the boards of KAP Industrial Holdings Ltd and Pepkor Holdings Ltd, among others. Read More

Gemfields holds up completion of ruby plant construction in Mozambique

20th Jun 2025 08:26

(Alliance News) - Gemfields Group Ltd on Friday said it has delayed the completion of its second ruby plant in Mozambique, citing work permit difficulties, transport hiccups, and illegal mining. Read More

UK shareholder meetings calendar - next 7 days

18th Jun 2025 14:48

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Gemfields maintains rubies' resilience though auction revenue lower

16th Jun 2025 11:12

(Alliance News) - Gemfields Group Ltd on Monday reported USD31.7 million in revenue from the auction of mixed-quality rubies in June, down from GBP68.7 million in the same month of 2024. Read More

IN BRIEF: Gemfields rises USD30 milion after equity rights issue

13th Jun 2025 10:58

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Raises USD30 milion, about ZAR538.3 million, after equity rights issue. Receives acceptances for 458.3 million new shares, representing about 82.4% of shares that will be issued following the rights issue. The remaining 97.9 million shares will be subscribed for by underwriters. Gemfields had said on Wednesday it planned to issue 556.2 million shares to raise about USD30 million. New shares were admitted to trade on AIM on Friday. Read More

IN BRIEF: Gemfields confirms G-factor for Montepuez and Kagem mines

4th Jun 2025 15:13

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says the "G-factor for natural resources" figures for the Kagem emerald mine in Zambia now stand at 20% for the 10-year period from 2015 to 2024, compared to 21% from 2014 to 2023. Over this period, "G-factor" for the Montepuez ruby mine in Mozambique stands at 25%, from 24%. The "G-factor for natural resources" shows the percentage of natural resource revenue paid to the government of the country from which the resource is derived. Read More

IN BRIEF: Gemfields shareholders approve USD30 million rights issue

19th May 2025 14:19

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says shareholders have endorsed its plan to raise about USD30 million through the rights issue by offering 556.2 million new shares. Shareholders held an extraordinary general meeting on Monday. Gemfields expects the proposed rights issue to open on May 29 and close on June 12. The rights issue aims to address a near-term working capital shortfall. The company has said the proposed rights issue would be fully underwritten by its two largest shareholders, Assore International Holdings Ltd and Rational Expectations (Pty) Ltd. The company will offer 10 new shares for every 21 existing shares held at 4.22 pence and ZAR1.06860 per new share. Read More

IN BRIEF: Gemfields to restart open-pit mining at Zambian emerald mine

8th May 2025 10:44

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Kagem Mining Ltd, the Zambian emerald mine in which it owns a 75% interest, will shortly resume open-pit mining to recover premium emeralds. This comes after Gemfields in December last year suspended all mining from January 1 to focus on processing ore from Kagem's ore stockpile, utilising the upgraded processing plant. Says emerald production from the processing plant in 2025 so far has been in line with its expectations. Read More

IN BRIEF: Gemfields emerald revenue sharply up as sentiment improves

30th Apr 2025 09:31

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD16.4 million from rough emerald auction held between April 11 and Tuesday this week, up 52% from USD10.8 million earned in an auction that took place in August and September last year but down 4.1% from USD17.1 million for the March 2024 auction. In latest auction, 32 of 36 lots for sale were sold. Average price is USD6.87 per carat. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields. Read More

IN BRIEF: Gemfields ruby auction robust demand despite tariff woes

29th Apr 2025 08:39

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD7.2 million at an auction of rough rubies held from Monday to Friday last week. Says 20 of the 21 lots on offer were sold, and 73% of the 250,004 carats on offer were sold. Average sales price is USD39.47 per carat. Rubies had been extracted by Gemfields' 75%-held Montepuez Ruby Mining Ltda in Mozambique. Read More

UPDATE: Gemfields shareholders to vote on equity rights issue in May

11th Apr 2025 12:53

(Alliance News) - Gemfields Group Ltd said on Friday it will ask its shareholders next month to approve the planned equity rights issue. Read More

LONDON MARKET OPEN: Stocks up as UK GDP growth exceeds expectations

11th Apr 2025 09:00

(Alliance News) - Stock prices in London opened somewhat higher on Friday, as tensions remain high over US President Donald Trump's latest tariffs. Read More

Gemfields plans equity rights issue after swing to loss in 2024

11th Apr 2025 08:38

(Alliance News) - Gemfields Group Ltd on Friday announced that it intends to raise USD30 million through an equity rights issue, after swinging to annual loss as the company grappled with rising costs and political uncertainty. Read More

IN BRIEF: Gemfields delays 2024 financial results until further notice

26th Mar 2025 16:15

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Needs more time to finalise its full-year financial results for 2024. Says it will make further announcements related to the finalisation and release of the results as appropriate. According to its website, Gemfields had planned to publish its books on Thursday this week. Read More

IN BRIEF: Gemfields shares up after emerald auction, improved demand

24th Feb 2025 10:22

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates USD4.8 million in revenue from auction of previously unsold emeralds. The mini-auction was held from February 19-21. Says 10 of the 13 lots were sold, with 45,864 carats sold out of 59,192 carats on offer. Average sales price was USD105.49 per carat. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields. Read More

IN BRIEF: Gemfields hails suspension of 15% export duty on gemstones

19th Feb 2025 15:51

Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says Zambia's Minister of Finance Situmbeko Musokotwane suspends 15% export duty on precious gemstones and metals through issuing Statutory Instrument No. 4 on Tuesday. Notes the suspension is effective immediately. Adds that following the suspension, the export duty no longer applies to Zambian emeralds mined by Kagem Mining Ltd, which is 75% owned by Gemfields and 23% owned by Zambian government's Industrial Development Corp. Read More

IN BRIEF: Gemfields says Mozambique plant on budget despite unrest

31st Jan 2025 10:42

Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Says the construction of Montepuez Ruby Mining Ltda's second processing plant remains "materially" on budget and on track for completion by the end of the first half of 2025, despite disruptions caused by civil unrest in Mozambique from October 2024 to mid-January 2025. Gemfields owns 75% interest in Mozambique-based Montepuez. Notes that Montepuez has been operating "as usual" since the start of 2025. Read More

Gemfields faces high tax bill after export duty on Zambia emeralds

8th Jan 2025 09:10

(Alliance News) - Gemfields Group Ltd said on Wednesday that Zambia has re-introduced a 15% export duty on emeralds, raising the tax bill for its operations in that Southern African country. Read More

LONDON MARKET MIDDAY: Stocks red ahead of US trade balance read

27th Dec 2024 12:11

(Alliance News) - Stock prices in London were mostly lower at midday on Friday as market participants continue digesting US jobless data and unrest in Mozambique puts miners on edge. Read More

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