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Gemfields hereby announces the Company’s audited financial results for the year ended 31 December 2020 (“2020 Results”). The content of this short form announcement is the responsibility of the board of directors of the Company.
In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Gemfields is reasonably certain that its net loss after tax will be USD 93.2 million for the year ended 31 December 2020 compared to a net profit after tax of USD 39.1 million for the comparative period. In ZAR terms, the net loss after tax is expected to be ZAR 1,535 million (ZAR 565 million net profit after tax for the comparative period).
Gemfields Group Limited (“Gemfields”) hereby provides an update regarding its mining operations and planned auction programme for the first half of 2021.