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
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
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
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
(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
(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
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Stock prices in London opened mostly lower on Friday, following a mixed weekly employment report from the US. Read More
(Alliance News) - The FTSE 100 index in London was called slightly lower on Friday, as investors digest holiday-season sales results in the US and UK. Read More
(Alliance News) - Gemfields Group Ltd on Friday said it expects operations at its Montepuez Ruby Mining Ltda to return to normal before end of this year. Read More
(Alliance News) - Gemfields Group Ltd on Tuesday warned that its operations may be affected by recent unrest in Mozambique. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Gemfields Group Ltd reported on Monday it is suspending mining its the emerald mine in Zambia, shelving planned capital expenditure at its ruby development assets in northern Mozambique, and deciding to sell its gold project. Read More
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates revenue of USD46.2 million at a mixed-quality rough ruby auction held between November 25 and Wednesday this week. This was down by about one-third from revenue of USD69.5 million reported around the same period in 2023. At a ruby auction in June 2024, USD68.7 million was recorded. Rubies were extracted by its 75%-held Montepuez Ruby Mining Ltda in Mozambique. Read More
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates emerald revenue of USD16.1 million at the second auction in 2024 that took place between November 4 and 21. For May 13 to 30, it recorded revenue of USD35.0 million. In an auction in May and June 2023, revenue was USD43.7 million. At the November 2024 auction, the average price of USD113.96 per carat. Read More
(Alliance News) - Gemfields Group Ltd warned on Friday it is ready to take further measures amid uncertainty after its interim profit slumped by around one third, owing to weak demand for gemstones. Read More
(Alliance News) - Gemfields Group Ltd expects interim earnings to slump by a quarter, but maintains that the demand for rough emeralds and rubies remains "healthy". Read More
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates revenues of USD10.8 million after emerald auction held during August and September, down 58% from USD25.5 million in the same period last year. In March, emerald revenue was USD17.1 million. Average price was USD4.47 per carat at the latest auction. The rough emeralds sold were extracted by Kagem emerald mine in Zambia, which is 75% owned by Gemfields and 25% by the Industrial Development Corp of Zambia. Read More