Pallinghurst business update

Integration of Gemfields complete. Early but significant turn-around achieved. Six key strategic priorities are being pursued; and Pallinghurst share buy-back approved.

Highlights 

• Strong operating performance in first months since Gemfields acquisition – revitalised production at Kagem
• Record auction results – US$77 million generated
• Gemfields debt level reduced since acquisition
• Significant cost savings achieved
• Six strategic priorities established for 2018
• Board approves share buy-back programme