New Chair and Directors
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Date11 Jun 2024
Gemfields is pleased to announce changes to the Board of Gemfields, due to take effect on 1 July 2024, following a broad search for both a new Chair and Non-Executive Directors.
Nairoto Gold Project – Maiden Inferred Mineral Resource Estimate for “TL5” and Independent Technical Report Released
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Date06 Jun 2024
Gemfields, a world-leading responsible miner and marketer of coloured gemstones, is pleased to release a Maiden Inferred Mineral Resource Estimate for Target Area 5 (“TL5”) and an Independent Technical Report (“ITR”) on the 2022/2023 Exploration Programme at its gold exploration project in Cabo Delgado, northern Mozambique. The project is housed within Nairoto Resources Limitada (“Nairoto”) which is 75% owned by Gemfields and the analysis was conducted by SRK Exploration Limited (“SRK EX”) with the Inferred Mineral Estimate declared in line with the JORC Code (2012).
Auction Results: Higher-Quality Emeralds
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Date31 May 2024
Gemfields is pleased to announce the results of an auction comprised of higher-quality rough emeralds held during the period 13 – 30 May 2024. Highlights: May 2024 Higher-Quality Emerald Auction Total auction revenues of USD 35.0 million 46 lots were offered for sale of which 43 were sold (93%) Average price of USD 167.51 per carat The 48 auctions of Kagem gemstones held since July 2009 have generated USD 1,041 million in total revenues
Dividend Finalisation
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Date27 May 2024
Further to the Company’s declaration on 25 March 2024 of a final dividend for the year to 31 December 2023 of USD 10 million (“Dividend”), notice is hereby given that the dividend, being a gross dividend of USDc 0.85712 per ordinary share, payable from income reserves, will be converted from United States Dollars (USD) to South African Rand (ZAR) and Great British Pounds (GBP) at the below exchange rates of Friday, 24 May 2024, obtained from currency conversion transactions the Company has entered into:
Notice of AGM
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Date30 Apr 2024
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 25 June 2024, at 10:00 a.m. (British Summer Time).
B-BBEE Annual Compliance Report
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Date24 Apr 2024
In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listings Requirements, notice is hereby given that the Company’s annual compliance report in terms of section 13G(2) of the Broad-based Black Economic Empowerment Act, 2003, has been published and is available on the Gemfields website at www.gemfieldsgroup.com.
Gemfields releases updated ‘G-Factor for Natural Resources’ figures to 31 December 2023
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Date24 Apr 2024
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.
Auction Results – Commercial Quality Emeralds
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Date25 Mar 2024
Gemfields is pleased to announce the results of an auction comprised of commercial quality rough emeralds held during the period 5 – 22 March 2024. Highlights: March 2024 – Commercial Quality Emerald Auction Total auction revenues of USD 17.1 million 43 lots were offered for sale, of which 40 were sold (93%) Average price of USD 4.45 per carat The 47 auctions of Kagem gemstones held since July 2009 have generated USD 1,006 million in total revenues, reaching the USD 1 billion mark
Audited 2023 Annual Report Released, Dividend Announced and Board Role Changes
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Date25 Mar 2024
Gemfields is pleased to announce publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2023 (“2023 Annual Report”). 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 Annual Report and does not contain full or complete details of the financial results.
Trading Statement for the year ended 31 December 2023
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Date22 Mar 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 results for the year ended 31 December 2023.