Auction Results: Mixed-Quality Rubies
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Date23 Feb 2026
Gemfields announces the results of an auction comprised of mixed-quality rough ruby held during the period 9 – 20 February 2026. Highlights – Mixed-Quality Ruby Auction – February 2026 Total auction revenues of USD 53 million. 121 of the 135 lots offered for sale were sold (90%). 214,509 carats were offered for sale with 189,620 carats sold (88%). Average sales price of USD 279 per carat. This is the first auction to include material from MRM’s second processing plant, underscoring the contribution it is already making ahead of full commissioning.
Operational update to 31 December 2025
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Date30 Jan 2026
Gemfields shareholders are advised that the Company has released information about its operational results and financial position to 31 December 2025. These unaudited figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine and its 75%-owned Montepuez ruby mine.
Brian Patrick Gilbertson, 15 August 1943 – 17 December 2025
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Date18 Dec 2025
With sadness, Gemfields advises of the passing of its former Chairman, Brian Patrick Gilbertson. After a long period of illness, Brian passed away in his bed at home in South Africa surrounded by family on Wednesday 17 December 2025. A memorial website, including an obituary, can be viewed here: https://www.online-tribute.com/BrianPatrickGilbertson
Auction Results: Commercial-Quality Emeralds
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Date05 Dec 2025
Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 17 November – 4 December 2025. Highlights: December 2025 Commercial-Quality Emerald Auction Total auction revenues of USD 25.4 million 46 lots were offered for sale and 45 were sold (98%) Average price of USD 7.46 per carat The 53 auctions of Kagem gemstones held since July 2009 have generated USD 1.147 billion in total revenues
Two Mozambique police officers killed by illegal miners at MRM
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Date16 Oct 2025
On Wednesday 15 October 2025, a group of approximately 40 illegal miners marched on the mine gate at Montepuez Ruby Mining (“MRM”). They proceeded to attack Mozambican police officers present at the gate, killing two, one of whom was a commander of Mozambique’s Natural Resources Protection Force.
Auction Results: Mixed-Quality Rubies
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Date06 Oct 2025
Gemfields is pleased to announce the results of a mini-auction of Mozambican rough rubies from Montepuez Ruby Mining (“MRM”) held via online bidding after viewings in Bangkok, Thailand from 29 September to 3 October 2025. Highlights: Mini Mixed-Quality Ruby Auction – September – October 2025 Auction revenues of USD 11.0 million 26 of the 33 lots on offer were sold 62% of the 297,449 carats on offer were sold Average realised price of USD 59.43 per carat
Grant of performance share awards under Long Term Incentive Plan and PDMR dealings
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Date30 Sep 2025
Shareholders are advised that the Company has awarded a total of 48,853,247 performance shares in the form of nominal cost options (“Performance Shares”) under the Gemfields Group Limited Long Term Incentive Plan 2023 (“LTIP”) to two Executive Directors and a number of senior employees including persons discharging managerial responsibilities (“PDMRs”). The Performance Shares equate to 2.83% of the issued share capital in aggregate.
Reviewed Interim Report for the six months to 30 June 2025
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Date26 Sep 2025
Gemfields announces the Company’s financial results for the six months to 30 June 2025 (“2025 Interim Results”). Summarised Results: Total revenue for the six months to 30 June 2025 of USD 64.2 million. EBITDA loss for the six months to 30 June 2025 of USD (4.9) million. Free cash flow before working capital movements for the six months to 30 June 2025 of USD (22.1) million due to significantly lower auction revenue and substantial capital expenditure at Montepuez Ruby Mining (“MRM”) in Mozambique. The Group’s net debt position at 30 June 2025 was USD 61.2 million (before USD 16.1 million of auction receivables and which are now 100% collected).
Trading Statement for six months ended 30 June 2025
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Date23 Sep 2025
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 2025.
Auction Results – Higher-quality emeralds
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Date12 Sep 2025
Gemfields announces the results of an auction comprised of higher-quality rough emeralds held during the period 25 August – 11 September 2025. Highlights: August-September 2025 Higher-Quality Emerald Auction Total auction revenues of USD 32.0 million 38 lots were offered for sale, of which all were sold (100%) Average realised price of USD 160.78 per carat The 52 auctions of Kagem gemstones held since July 2009 have generated USD 1,122 million in total revenues The auction included an exceptional gemstone named Imboo (‘buffalo’), weighing 11,685 carats. Imboo is the latest, and largest, remarkable gemstone discovered at the Kagem mine.