Gemfields' 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
Read moreLondon midday: Financials pace gains as Footsie keeps climbing
20th Jun 2016 12:29
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.
Read moreGemfields' Mozambique ruby auction raises $44.3m
20th Jun 2016 08:54
(ShareCast News) - Gemfields, a British supplier of responsibly sourced coloured gemstones, reported record total revenues of $44.3m at a recent auction of rough rubies in Singapore as the increasing quality of Mozambique gems attracts growing demand. At Gemfields' sixth auction of rough rubies this
Read moreGemfields reveals promising auction results
4th Apr 2016 15:19
(ShareCast News) - Gemfields revealed promising results on Monday from a recent auction of predominantly higher quality rough emerald extracted by Kagem Mining, 75% owned by the firm and 25% by the Government of the Republic of Zambia. The AIM-traded company said the auction also included higher qua
Read moreGemfields earnings down as company spreads its income
22nd Feb 2016 12:27
(ShareCast News) - A better-planned spread of income saw revenues and earnings drop significantly at Gemfields in the six months to 31 December, though the company remained confident in making up for it in the latter half of the financial year. The AIM-traded company saw revenue decline 9.1% over th
Read moreEmeralds, Faberge carry Gemfields in second quarter
16th Feb 2016 15:49
(ShareCast News) - Numbers were up at Gemfields' emeralds and luxury goods businesses in the second quarter of its financial year, but production in its ruby division was down as the company focused on higher-quality stones. During the quarter to 31 December, the AIM-traded firm produced 8.2m carats
Read moreSunday share tips: William Hill, gem miners, Centamin
8th Nov 2015 12:16
(ShareCast News) - Despite the problems at William Hill, its shares are worth buying, said the Sunday Times' Inside the City column. The bookmaker's stock has tumbled more than a fifth since May, with a profit warning last month bringing further worries to a head. The company has been left on the si
Read moreGemfields profit drops despite rising revenue
7th Oct 2015 12:54
(ShareCast News) - Gemfields, which provides ethically-sourced rare-coloured gemstones, posted a drop in pre-tax profit in the full year as costs rose and the margin was squeezed, even as revenue and production grew. For the year ended 30 June 2015, pre-tax profit came in at $12.3m from $16.3 last y
Read moreGemfields reports second-half figures in line with forecasts
9th Mar 2015 07:34
Precious stones miner Gemfields saw second-half revenues jump, while operating profits more than tripled. Revenues were standing 57% higher at $103.4m by 31 December 2014. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by approximately 243% to reach $61.7m. Produc
Read moreFriday broker round-up:
14th Nov 2014 19:34
TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy
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