Operational Update to 31 December 2024
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Date31 Jan 2025
Gemfields shareholders are advised that the Company has released information about its operational results and financial position to 31 December 2024. These unaudited 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.
Strategic Update
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Date23 Dec 2024
Following Gemfields’ most recent emerald and ruby auctions (the results of which were published on 22 November and 12 December 2024 respectively), the Group announces that it has taken, and will continue to undertake, actions to cut costs and streamline business activity amid four key challenges being encountered concurrently, while maintaining focus on the Group’s principal growth project, completion of the second ruby processing plant at Montepuez Ruby Mining Limitada in Mozambique (“MRM”).
Auction Results: Mixed-quality Rubies
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Date12 Dec 2024
Gemfields announces the results of an auction comprised of mixed-quality rough ruby held during the period 25 November – 11 December 2024. Highlights: December 2024 Mixed-Quality Ruby Auction Total auction revenues of USD 46.2 million. 97 of the 102 lots offered for sale (comprising 167,865 carats) were sold (95%). A lower quantity of ‘premium’ rubies on offer was the key driver of the lower auction revenues. Average price per carat reached a record high for our mixed-quality ruby auctions, while observing some softer prices and thinner bidding. Mining operations in Mozambique remain unaffected by ongoing civil unrest following the contested election.
Auction Results – Higher-quality emeralds
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Date22 Nov 2024
Gemfields announces the results of an auction comprised of higher-quality rough emeralds held during the period 4 – 21 November 2024. Highlights: November 2024 Higher-Quality Emerald Auction Total auction revenues of USD 16.1 million 43 lots were offered for sale of which 30 were sold (70%) 141,084 carats of 200,460 offered were sold (70%) Average price of USD 113.96 per carat The 50 auctions of Kagem gemstones held since July 2009 have generated USD 1,068 million in total revenues
PDMR Shareholdings
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Date07 Nov 2024
On 30 October 2024, the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 1,000,000 share options at an exercise price of ZAR2.30 per ordinary share of USD0.00001 each in the company (“Ordinary Shares”).
PDMR Dealing, Issue of Equity and Total Voting Rights
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Date30 Oct 2024
In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 665,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by Kartikeya Parikshya (a person discharging managerial responsibilities, or “PDMR”).
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
Operational Update to 30 June 2024
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Date26 Jul 2024
Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the six months ended 30 June 2024. These unaudited 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. The full operational results and an excel spreadsheet of Gemfields’ historic figures can be found at this link: https://www.gemfieldsgroup.com/operational-update/.