Transaction in Own Shares and Total Voting Rights
/
Date27 Sep 2023
Gemfields announces that on Tuesday 26 September 2023, the Company purchased 5,200,000 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an aggregate price of ZAR3.2115. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.
Transaction in Own Shares and Total Voting Rights
/
Date25 Sep 2023
Gemfields announces that on 22 September 2023, the Company purchased 2,937,124 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an aggregate price of ZAR3.2466. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.
Reviewed Interim Results for the six months ended 30 June 2023
/
Date22 Sep 2023
Gemfields is pleased to announce the Company’s financial results for the six months ended 30 June 2023 (“2023 Interim Results”). Highlights: Total revenue for the six months ended 30 June 2023 of USD 154 million. EBITDA for the six months ended 30 June 2023 of USD 73 million. Maintained a healthy EBITDA margin of 47.5%. Free cash flow before working capital movements for the six months ended 30 June 2023 of USD 25.2 million. Strong balance sheet with net cash balance at 30 June 2023 of USD 62 million, and USD 63.8 million of auction receivables now 97% collected
Auction Results – Commercial Quality Emeralds
/
Date18 Sep 2023
Gemfields is pleased to announce the results of an auction comprised of commercial quality rough emeralds held during the period 29 August – 15 September 2023. Highlights: August/September 2023 – Commercial Quality Emerald Auction Total auction revenues of USD 25.5 million 43 lots were offered for sale, of which all 43 were sold (100%) Average price of USD 7.51 per carat The 46 auctions of Kagem gemstones held since July 2009 have generated USD 989.4 million in total revenues
Trading Statement for the six months ended 30 June 2023
/
Date14 Sep 2023
In accordance with paragraph 3.4(b) of the JSE Listings Requirements, Gemfields is reasonably certain that its net profit after tax1 will be USD 18.1 million for the six months ended 30 June 2023 (comparative six-month period ended 30 June 2022: USD 56.7 million). In ZAR terms, the net profit after tax is expected to be ZAR 334 million (comparative period: ZAR 864 million).
Gemfields Auction Update
/
Date13 Sep 2023
Gemfields provides an update regarding its gemstone auction schedule for the remainder of 2023. Gemfields completed an auction of commercial and low-quality ruby from the Montepuez ruby mine on 13 September 2023 and the results are set out below. An auction of commercial quality emeralds from the Kagem emerald mine is presently underway and Gemfields expects to announce the results on Monday 18 September 2023. The auction of higher quality emeralds from the Kagem emerald mine, scheduled for November 2023, will no longer take place. Gemfields has taken this decision as a result of the generally lower quality and quantity of emerald production at Kagem in recent months and which would result in a suboptimal auction offering to Gemfields’ emerald... Read More →