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Notice of Interim Results

24th Feb 2015 07:00

RNS Number : 6482F
Gemfields PLC
24 February 2015
 



Gemfields plc

 

("Gemfields" or the "Company")

 

Notice of Interim Results

 

24 February 2015

 

 

Gemfields plc (AIM: GEM) will be reporting its interim results for the six month period ending 31 December 2014 at 07:00 Greenwich Mean Time ("GMT") on Monday 9 March 2015.

 

The Company will be hosting an analyst briefing at 11:00 GMT on Monday 9 March 2015 at Tavistock's office; 131 Finsbury Pavement, London EC2A 1NT. A live audio webcast of the presentation will be hosted at the same time; details will be available within the interim results announcement. 

 

ENQUIRIES:

 

Gemfields

[email protected]

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

 

JP 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

 

Tavistock

Jos Simson/Emily Fenton

+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 seventeen auctions of emerald and beryl produced at Kagem and which have generated revenues totalling USD 311 million. The Company has also held two traded emerald auctions (of gems not obtained directly from the Company's own mining operations) which generated revenues of USD 22.0 million.

 

The Company also owns a 75% stake in the highly prospective Montepuez ruby deposit in Mozambique as well as licences in Madagascar including ruby, emerald and sapphire deposits. In December 2014, Gemfields held its second auction of rough ruby and corundum produced at the Montepuez ruby deposit, generating revenues of USD 43.3 million. The two ruby and corundum auctions have generated USD 76.8 million in aggregate revenues.

 

In addition, Gemfields holds a 50% interest in the Kariba amethyst mine in Zambia.

 

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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