24th Feb 2015 07:00
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 | |
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.
Related Shares:
Gemfields Grou.