Gemfields generates $31m in April emerald mini auctions

Mining News Pro - Gemfields generated $31.4-million in revenue from a series of five sequential mini auctions from April 15 to 17.

Gemfields to restart mines after covid-triggered layoffs

Mining News Pro - Precious gemstones miner Gemfields said on Monday is ready to resume production at its two flagship mines in Africa, nearly a year after it had to halt operations in response to covid-19.

Gemfields` earnings impacted by limited auctions

Mining News Pro - London-listed Gemfields has advised in a market update that its 75%-owned Montepuez ruby mine, in Mozambique, produced 1.2-million carats in 2020, while its 75%-owned Kagem emerald mine, in Zambia, produced 9.3-million carats.

Gemfields sells minority indirect interest in Pilanesburg Platinum Mines

Mining News Pro - Gemfields has started a sales process for its 23.54% holding in Pallinghurst Ivy Lane Capital, which owns 27.64% of Sedibelo Platinum Mines (SPM), giving Gemfields an indirect interest in SPM of about 6.54%.

Gemfields holds mini-auctions to address market demand

Mining News Pro - Gemstone miner Gemfields has progressed with the planning of a series of five small and sequential emerald auctions in November and December to address market demand for specific grades, and to supplement its long-standing direct sales programme for the lowest qualities produced by its Kagem mine in Zambia.

Gemfields expects to swing to interim loss

Mining News Pro - Gemfields has advised that its net loss after tax will likely be $56.7-million, or R959-million, for the six months ended June 30.

Gemfields steps up efforts to tap Chinese market

Mining News Pro - Precious gemstones miner Gemfields is stepping up efforts to market its emeralds and rubies in China after a report highlighted the “huge potential” for ethically sourced gems in the Chinese market.

Gemfields ups security, human rights efforts

Mining News Pro - Gemfields is stepping up efforts to increase transparency and ensure security and human rights are protected at its operations.

Security concerns halt Gemfields` Montepuez mine

Mining News Pro - Gemfields said the impact of COVID-19 continues to evolve rapidly and it is not yet possible to predict the full extent of the impact on its operations and revenues.

Gemfields beefs up security at Moz operation after spate of attacks

Mining News Pro - Gemstone miner Gemfields has suspended all but critical operations at its Montepuez ruby mine (MRM), in Mozambique, as of April 22, with only security, maintenance and other essential services being rendered to ensure the mine can resume normal operations as soon as it is safe and practicable to do so.

Gemfields swings to profit in 2019

Mining News Pro - Precious gemstones miner Gemfields (LON: GEM) said on Tuesday that it expected to record $39.1 million in net profit after tax for 2019, compared to a net loss of $60.4 million in the previous year.

Gemfields trades again in London after almost three years

Mining News Pro - Precious gemstones miner Gemfields has returned to trading on the AIM, the London Stock Exchange’s market for juniors, after delisting in 2017 following its acquisition by Pallinghurst Resources.

Gemfields confirms $60m full-year loss

Mining News Pro - Gemfields on Monday confirmed that it had posted a $60.4-million net loss for the year ended December 31, 2018, compared with a $45.1-million profit in 2017.

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