Gemfields lifts interim dividend but warns of lower full-year results
22nd Sep 2023 08:36
(Alliance News) - Gemfields Group Ltd on Friday reported profit for the first half of 2023 more than halved as a result mainly of lower sales. Read More
(Alliance News) - Gemfields Group Ltd on Friday reported profit for the first half of 2023 more than halved as a result mainly of lower sales. Read More
(Correcting that the first auction recorded USD21.2 million in March, not May) Read More
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD25.5 million in revenue from its third and final Kagem emerald auction this year, compared to USD43.7 million at an auction in May-June. In May, revenue was USD21.2 million. The latest auction was held during the period from August 29 to September 15. 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
(Alliance News) - Gemfields Group Ltd said on Thursday it expects interim profit to tumbled by over two thirds on the back of sharply lower top-line growth. Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Montepuez Ruby Mining Ltda has entered into a legally binding contract with Consulmet Ltd to construct an additional processing plant at its ruby mine in Mozambique. Gemfields says the contract is a "lump-sum turnkey contract" based on industry standard International Federation of Consulting Engineers terms, with Montepuez Ruby Mining's payment obligations agreed in rands and equating to about USD70 million. Read More
(Correcting that revenue also includes ruby auctions and Faberge; not just emerald auctions.) Read More
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Records its third highest emerald auction revenue of USD145 million for the six months that ended June 30. Says strong auction revenues and pricing continue, including the highest-ever revenue earned from a Kagem emerald auction last month. Reports net cash of USD62 million plus auction receivables of USD64 million as at June 30. Says it remains in a strong position after paying a USD35 million dividend to shareholders in May. Auction figures have been produced on a monthly basis for Gemfields' 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Faberge, the iconic luxury brand. Read More
(Alliance News) - Gemfields Group Ltd on Wednesday reported higher revenue at its latest ruby auction as the market fired "on all twelve cylinders". Read More
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Second auction in 2023 generates record revenue of USD43.7 million. The emerald auction was held from May 15 to Thursday this week. Average realised price of USD165.55 per carat also is a record high for Gemfields. Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its first emerald auction for 2023 generated revenue of USD21.2 million at a sale that was held during March 6 to Friday, down 36% from USD32.9 million on August 31 to September 19, 2022. From March 15 to April 1, 2022, emerald auction recorded USD42.3 million in revenue. Read More
(Alliance News) - Gemfields Group Ltd on Friday reported that its performance in 2022 was "remarkable", as the coloured gemstone market returned to normality after the Covid-19 pandemic that hit in 2020. Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Nairoto Resources Ltda has ceased operations following an insurgency attack in the Cabo Delgado province, Mozambique. Nairoto Resources, in which Gemfields owns 75% stake, starts evacuating its operational employees and contractors. Says there is no impact on operations at Montepuez Ruby Mining Ltda, another Mozambican business in which is also hold 75%. Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Sets new annual auction revenue of USD316 million in 2022, up 32% from USD240 million in 2021. Gemfields owns 75% in Montepuez Ruby Mining Ltda in Mozambique. It also holds 75% of Kagem Mining Ltd in Zambia. The company operates a retail unit Faberge. Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Begins USD10 million share buyback programme, after receiving approval from shareholders at its extraordinary general meeting, held late last month. Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD66.8 million in revenue following a ruby auction held in Bangkok from November 21 to Thursday. The rough rubies sold were extracted from the mining licence held and operated by Montepuez Ruby Mining Ltda, which Read More
Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD30.8 million in revenue after an emerald auction held from October 30 to this past Thursday. At an auction in May, the first one this year, Gemfields reported revenue of USD43.3 million. Read More
(Alliance News) - Gemfields Group Ltd said on Monday its operations in the northern Cabo Delgado province in Mozambique have resumed after militants raided its neighbouring ruby mine last week. Read More
(Alliance News) - Gemfields Group Ltd said on Thursday it remained vigilant after a neighbouring ruby mine came under attack in the northern Cabo Delgado province in Mozambique this morning. Read More
(Alliance News) - Blue-chip European equities struggled to make headway on Thursday, with US Federal Reserve rate hike worries and UK political instability hitting the investment mood. Read More