Gemfields set to swing to loss in 2023
22nd Mar 2024 16:35
(Sharecast News) - Coloured gemstone specialist Gemfields said in a trading update on Friday that its two primary operating assets, Kagem and MRM, contributed revenues of $89.9m and $151.4m respectively in 2023, a slight decrease from the prior year.
Read moreDirectors dealings: Assore International ups stake in Gemfields further
2nd Nov 2023 15:34
(Sharecast News) - Gemfields announced that Assore International Holdings had further increased its stake in the emeralds and rubies miner.
Read moreGemfields shares drop as H1 profits sink
14th Sep 2023 08:01
(Sharecast News) - Shares in Gemfields tanked on Thursday morning after the gemstones miner and Fabergé owner said both revenues and profits in the first half were down sharply on last year.
Read moreGemfields hails 'remarkable' year as profits shine
24th Mar 2023 09:56
(Sharecast News) - Faberge owner Gemfields Group reported record revenues on Friday, as trading continued to recover post pandemic.
Read moreGemfields sale of SPM holdings simplified by Ivy Lane 'unbundling'
7th Jan 2022 14:14
(Sharecast News) - Gemfields updated the market on the proposed sale of its interest in Sedibelo Platinum Mines (SPM) on Friday, confirming the 'unbundling' of Ivy Lane's shareholding.
Read moreGemfields returns to profit amid easing of Covid-19 restrictions
16th Sep 2021 10:53
(Sharecast News) - Mining company Gemfields Group said on Thursday that interim net profit after tax would be roughly $23.8m, a marked turnaround when compared to its $56.7m net loss a year earlier.
Read moreGemfields begins sale process for holding in Ivy Lane
13th Nov 2020 10:53
(Sharecast News) - Gemfields Group has begun a sale process for its 23.65% equity holding in Pallinghurst Ivy Lane Capital, a company incorporated in Luxembourg, it announced on Friday.
Read moreGemfields swings to interim loss as Covid-19 halts auctions
14th Sep 2020 09:02
(Sharecast News) - Natural resources mining firm Gemfields said on Monday that it had swung to an interim loss after being "severely impacted" by the Covid-19 pandemic.
Read moreGemfields suspends share buyback programme amid Covid-19
22nd Apr 2020 10:23
(Sharecast News) - Gemfields said on Wednesday that its share buyback programme has been suspended and that all UK staff, including the board of directors, will switch to a four-day working week and take a 20% pay cut as it looks to weather the coronavirus pandemic.
Read moreGemfields' Q1 ruby production rises, but emerald falls
1st Nov 2016 09:19
(ShareCast News) - Coloured gem stone miner Gemfields' first quarter ruby and corundum production had risen due to increased capacity and efficiency, while emerald production fell. In an update for the quarter ended 30 September, the AIM-listed company said plans remain on schedule to meet annual
Read moreTuesday newspaper share tips: MJ Gleeson, Gemfields
27th Sep 2016 14:06
(ShareCast News) - MJ Gleeson's focus on the low-end of the housing market has paid off and looks set to continue to do so, The Times's Tempus said. Instead of focusing on the most expensive plots of land to build on, the builder does just the opposite, buying land that local authorities typically s
Read moreTuesday broker round-up
27th Sep 2016 13:05
(ShareCast News) - Vodafone: HSBC reiterates buy with a target price of 280p. Melrose: UBS upgrades to buy, 200p target. Marks & Spencer: Deutsche Bank keeps at hold with a 350p target. Shire: Berenberg reiterates buy with a 5800p target. Next: Deutsche Bank keeps at buy with a 5950p target. Llo
Read moreGemfields' profits soar as production growth continues
26th Sep 2016 08:49
(ShareCast News) - AIM listed coloured gem stone miner Gemfields' full year revenues and profits rose as it increased production at its Zambia and Mozambique emerald and ruby mines. For the year ended 30 June, revenue increased by 12.6% to $193.1m, compared to the previous year, which resulted in
Read moreGemfields' ruby production to exceed expectations
1st Aug 2016 14:02
(ShareCast News) - Coloured gemstone miner Gemfields said production from its ruby mine would exceed expectations. For the three months ended 30 June, the company reported that its 75% owned subsidiary Montepuez Ruby Mining in Mozambique produced 6.2m carats of ruby and corundum with an average grad
Read moreGemfields finalises debt-financing facilities of $65m
4th Jul 2016 13:33
(ShareCast News) - Gemfields has confirmed the finalisation of four debt-financing facilities totalling $65m. These included a $45m facility for the Ruby operations, Montepuez Ruby Mining Lda, which is 75% owned by Gemfields. This facility included three $15m elements. A further $20m fixed-term fin
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