Wednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreGemfields rises on resource update
2nd Oct 2012 12:28
Shares in emerald miner Gemfields rose over nine per cent on Tuesday after the company announced a JORC compliant indicated mineral resource of 2.75m tonnes of emerald and beryl at 365 carats per tonne. The company also unveiled a JORC compliant inferred mineral resource of 9,200 tonnes of emerald
Read moreFTSE 100 movers: Miners down on Japanese data
22nd Aug 2012 14:32
Metals and mining stocks dropped today after Japanese trade data disappointed, weighed on the outlook for demand. BHP Billiton fell after saying that weakness in commodity markets and industry-wide cost pressures resulted in earnings declining in the first half. The group also decided against spen
Read moreGemfields increases production after delays
22nd Aug 2012 09:26
Emerald miner Gemfields said a new focus on waste mining and previously reported delays meant production at its mines was down a third in the last year. However, the trading update also said recent quarters had delivered improving production volumes, a trend the firm was likely to continue in the n
Read moreSunday tips round-up: Gemfields, Old Mutual, JD Wetherspoon
11th Mar 2012 10:29
Precious stone miner Gemfields has embarked on an expansion plan which, to date, seems to be reaping good returns. Thus, Gemfields owns 75% of one of the world´s largest sources of emeralds, the Kagem mine in Zambia. Since its purchase three years ago the new management team has turned around the fo
Read moreGemfields sparkles
5th Mar 2012 14:45
Coloured gems producer Gemfields is looking forward to ramping up production at it flagship mine in Zambia having laid the groundwork with a lengthy stint of waste removal. Revenue in the six months to the end of December 2011 rose to $45.73m from $29.05m in the corresponding period of 2010. Profit
Read moreMining round-up: Goldfields, Gemfields and Toledo Mining
3rd Oct 2011 10:24
European Goldfields has agreed heads of terms with Qatar Holding for the provision of a $600m seven year senior secured loan facility with equity participation. The loan, which is secured over the firm's Greek assets, is to be used primarily for the development of the firm's gold projects in Greec
Read moreGemfields is digging up a shiny profit
2nd Aug 2011 15:33
Gemfields, the gemstones miner, has seen its share price edge north after delivering a record performance in the three month period and year ending 30 June 2011. The company's year-on-year production soared 90% to 33m carats (2010: 17.4 million carats) while production costs fell 41% from $0.73 to
Read moreJohnston Press chairman buys again
21st Mar 2011 16:59
Johnston Press chairman Ian Russell has nearly doubled his stake in the local newspaper publisher. Russell acquired 1.3m shares at 7.65p each, taking his stake to 2.71m shares. The share purchase cost just over £99,000. The Johnston Press share price has fallen by nearly three-quarters in the pa
Read moreSmall caps round-up: Advanced Power, Gemfields, FW Thorpe
17th Mar 2011 15:21
First half pre-tax profit at Advanced Power Components - the electronic components group - has more than doubled from £42,000 to £100,000, due to reduced administrative and finance costs. While revenues for the six months ended 28 February are expected to be flat at £6.5m, the order book has increa
Read moreSmall caps round-up: Air Partner, Gemfields, Regenersis...
31st Jan 2011 11:24
Aviation group Air Partner says that trading has remained positive in the six months to date and the interim results are likely to be ahead of expectations, partly attributable to the strong performance in its commercial jet broking division. While the group says it is well positioned to increase p
Read moreSurge in Gemfields' production
22nd Nov 2010 13:24
Gemstones miner Gemfields has achieved record production in the three months to September 2010 but chief executive Ian Harebottle warns that production levels will decline. First quarter production of 12.8m carats of emerald and beryl is equivalent to three-quarters of production in 2009-10. Eme
Read moreThursday tips round-up: Marston's, Greggs, Cranswick
7th Oct 2010 06:51
Marston's is for those who enjoy an old-fashioned pint and an old-fashioned pub company. Marston's shares sell on about ten times' earnings for the year to end-September and have the buttress of a 6 per cent yield. In a battered sector, a "hold" at least, says the Times. Greggs, the bakery chain, a
Read moreGemfields profit after liability write-back
6th Oct 2010 15:16
Gems miner Gemfields made its first ever profit in the year to June 2010, although it had a little help from the release of a provision. It swung from a loss of $291.1m to a profit of $1.5m as revenues from emerald sales jumped from $815,000 to $19.9m. A reduction in operating costs at the Kagem m
Read moreGemfields July Auction Sales Of $7.5M
28th Jul 2010 08:02
LONDON (Dow Jones)--Gemfields PLC (GEM.LN), said Wednesday that its July 2010 rough emerald auction realizes sales of $7.5 million, the highest auction revenue to date. MAIN FACTS: -Demand for Zambian emeralds, and more specifically Gemfields' Kagem emeralds, has seen a steady increase acros
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