Gemfields is pleased to announce the result of an auction of predominantly commercial quality rough emerald held in Lusaka, Zambia from 18-21 February 2020. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Gemfields, a world-leading supplier of responsibly sourced coloured gemstones, is pleased to announce that admission on the AIM market of the London Stock Exchange will take place, and dealings in its ordinary shares will commence, at 8:00am GMT today under the TIDM code “GEM” (“Admission”)(“Ordinary Shares”). The ISIN of the Ordinary Shares is GG00BG0KTL52 and the SEDOL is BKFW1G3.
The Company announces that the “Maninge Nice 3” mining pit belonging to Montepuez Ruby Mining Limitada (“MRM”, in which Gemfields holds a 75% interest) has experienced a coordinated incursion by approximately 800 artisanal miners, vastly outnumbering the MRM security personnel and Mozambican police present at that location at the time.
Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 31 December 2019. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé – the iconic luxury brand.