Gem Diamonds have now released their interim results for the year ending 2018. Revenues increased by $74.8M over the first half of last year and after cost of sales only increased by a fraction of that, the gross profit was … Continue reading
Gem Diamonds have now released their final results for the year ended 2017. Revenues increased by $24.5M when compared to last year but underling cost of sales grew by $37.1M, mainly due to the strengthening local currency, increased waste amortisation … Continue reading
Gem Diamonds has now released their interim results for the year ending 2017. Revenues declined by $16.2M when compared to the first half of last year. We also see one-off Ghagoo costs of $3M and other cost of sales increase … Continue reading
Gem Diamonds has now released their final results for the year ended 2016. Revenues declined by $60M when compared to last year and with cost of sales down by just $13.4M, mainly as a result of weaker Lesotho Loti, the … Continue reading
Gem Diamonds has now released its interim results for the year ending 2016. Revenues declined by $8.9M when compared to the first half of last year and after cost of sales also declined, the gross profit was down nearly $1M. … Continue reading
Gem Diamonds has now released its final results for the year ended 2015. Revenues declined by $21.4M when compared to last year due to a reduction in volumes sold and the average diamond price achieved at Letseng. With cost of … Continue reading
Gem Diamonds has now released its interim results for the year ending 2015. When compared to the first half of last year, revenues fell by $30.9M(although as it has not yet reached commercial production, all Ghaghoo revenues were capitalised) due … Continue reading
Gem Diamonds is a diamond miner listed on AIM. They have two assets – the 100% owned Ghaghoo mine in Botswana that is yet to be fully operational but has a massive total resource of 20.5M carats; and the Letseng … Continue reading
Gem Diamonds has now released their interim results for the year ending 2014. Revenues were up considerably, increasing by $52.5M to $148.9M. Cost of sales were up too, but not to the same degree so gross profits were some $35.7M … Continue reading
Gem Diamonds is split into segments where mining takes place (Lesotho and Botswana); where diamonds are manufactured (Mauritius) and sales and marketing, which takes place in Belgium. The group currently only has one producing mine, the Letseng mine in Lesotho … Continue reading