Reviewed Interim Report for the six months to 30 June 2024
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Date27 Sep 2024
Gemfields is pleased to announce the Company’s financial results for the six months to 30 June 2024 (“2024 Interim Results”). Highlights: Total revenue for the six months to 30 June 2024 of USD 128.0 million. EBITDA for the six months to 30 June 2024 of USD 49.6 million (an EBITDA margin of 38.8% for the Group). Free cash flow before working capital movements for the six months to 30 June 2024 of USD 3.3 million due primarily to significant investment programme. Group’s net debt position at 30 June 2024 was USD 44.4 million (before USD 65.5 million of auction receivables and which are now 100% collected).
Trading Statement for six months ended 30 June 2024
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Date25 Sep 2024
In accordance with paragraph 3.4(b) of the JSE Listings Requirements, Gemfields shareholders are advised that the Company is reasonably certain of its expected financial interim results for the six months ended 30 June 2024.
Auction Results – Commercial-Quality Emeralds
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Date16 Sep 2024
Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 27 August – 13 September 2024. Highlights: September 2024 Commercial-Quality Emerald Auction Total auction revenues of USD 10.8 million 46 lots were offered for sale, of which 28 were sold (61%) Average price of USD 4.47 per carat The 49 auctions of Kagem gemstones held since July 2009 have generated USD 1,052 million in total revenues
Auction Results – MRM Commercial-Quality
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Date05 Sep 2024
Gemfields is pleased to announce the results of an auction of predominantly commercial-quality sapphire, corundum and commercial-quality ruby held from 2 to 4 September 2024. Highlights – MRM Commercial-Quality Auction – September 2024 Auction revenues of USD 2.3 million (2023’s MRM Commercial-Quality Auction: USD 1.5 million) All of the 5.7 million carats (1,130 kilograms) offered in 10 lots were sold (100%) Average sales price of USD 0.41 per carat