Gemfields has now released its final results for the year ended 2016. Revenues increased when compared to last year as a $15.4M decline in ruby revenues and a $2M fall in UK/Other revenue was more than offset by a $36.3M … Continue reading
Gemfields has now released its interim results for the year ending 2016. Revenues declined by $9.4M when compared to the first half of last year. We also see an increase in costs as a $1.9M decline in depreciation & amortisation, … Continue reading
Gemfields has now released its final results for the year ended 2015. Overall revenues increased year on year as a $55M growth in Montepuez revenue was partially offset by declines in the other businesses. Labour costs increased by $6.1M, royalties … Continue reading
Gemfields have now released their interim results for the year ending 2015. When compared to the first half of last year, revenues romped ahead, increasing by $37.7M to $103.4M. We also saw a $7.2M increase in depreciation & amortisation, a … Continue reading
Gemfields is a miner of coloured gems, specifically emeralds and amethysts from Zambia and Mozambique rubies. The group’s assets include Kagem Mining, a 75% owned (the Zambian government owns the other 25%) producer of emeralds which happens to be the … Continue reading