Shareholders are advised that the Company’s Annual General Meeting (“AGM”) was held today, Tuesday 27 June 2023. The Company is pleased to announce that all resolutions set out in the Notice of AGM were passed by the requisite majority of shareholders.
Notice is hereby given that the Company’s Annual General Meeting (“AGM”), will be held at 123 Victoria Street, Westminster, London, SW1E 6DE on Tuesday 27 June 2023, at 10:00 a.m. (British Summer Time). The AGM will be an in-person only event.
Gemfields is pleased to announce the results of an emerald auction comprised of commercial-quality rough emeralds held during the period 6 March – 24 March 2023.
Gemfields is pleased to announce the Company’s unaudited financial results for the year ending 31 December 2022 (“2022 Results”). The content of this short form announcement is the responsibility of the board of directors of the Company.
In July 2021, Gemfields announced the ‘G-Factor for Natural Resources’, a measure promoting greater transparency regarding the level of natural resource wealth shared with the governments of host countries, whether from the mining, oil, gas, timber or fishing sectors.
Shortly before midnight on Sunday 12 February 2023, an attack attributed to insurgents took place in the village of Nairoto in the Cabo Delgado province of Mozambique. The village of Nairoto lies: (i) approximately 15km south west of the exploration camp of Nairoto Resources Limitada (“NRL”), in which Gemfields owns 75%; and (ii) approximately 83km north of Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields also owns 75%.
Gemfields hereby announces the Company’s audited financial results for the year ending 31 December 2021 (“2021 Results”). The content of this short form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short form announcement represents a summary of the information contained in the full announcement and does not contain full or complete details of the financial results.
For the year ended 31 December 2021. In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, Gemfields is reasonably certain that its net profit after tax will be USD 65.0 million for the year ended 31 December 2021 (2020: USD 93.2 million net loss after tax; 2019: USD 39.1 million net profit after tax). In ZAR terms, the net profit after tax is expected to be ZAR 961 million (2020: ZAR 1,535 million net loss after tax; 2019: ZAR 565 million net profit after tax).
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 31 December 2021. 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.
Gemfields hereby provides an update on the proposed sale of its interest in Sedibelo Platinum Mines Limited (“SPM”). At the time of the Company’s announcement on 13 November 2020, Gemfields held its stake in SPM via an interposed vehicle named Pallinghurst Ivy Lane Capital S.à r.l. (“Ivy Lane”), a company incorporated in Luxembourg, which in turn had an interest in 27.64% of SPM.