Gemfields Group Limited

Equities

GML

GG00BG0KTL52

Non-Gold Precious Metals & Minerals

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
2.8 ^ZAR	+3.70%		0.00%	-10.83%

Mar. 25	Gemfields Records $17 Million Sales in March Emerald Auction	MT
Mar. 25	Transcript : Gemfields Group Limited, 2023 Earnings Call, Mar 25, 2024

IN BRIEF: Gemfields ruby auction lifts annual revenue to new record

December 09, 2022 at 05:40 am EST

Gemfields Group Ltd - London-headquartered gemstones supplier - Generates USD66.8 million in revenue following a ruby auction held in Bangkok from November 21 to Thursday. The rough rubies sold were extracted from the mining licence held and operated by Montepuez Ruby Mining Ltda, which

is 75% owned by Gemfields and 25% by Mozambican partner Mwiriti Ltda. Says the 2022 auction revenue set a new annual record of USD166.7 million, beating the prior record of USD147.4 million last year.

Gemfields Managing Director of product & sales Adrian Banks says: "Our final auction for 2022 has yielded another strong result for Mozambique rubies, topping off a truly glittering year for Gemfields." He says when combined with the Kagem emerald mine's auction revenues for 2022 of USD149.4 million, Gemfields' total auction revenues for 2022 stand at USD316 million, an improvement of 32% from USD239.6 million last year, a record at that time.

Current stock price in London: 19.23 pence, up 2.5% on Friday morning

12-month change: up 35%

Current stock price in Johannesburg: ZAR3.85, up 1.3% on Friday.

12-month change: up 28%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Gemfields Group Limited

Gemfields Records $17 Million Sales in March Emerald Auction	Mar. 25	MT
Transcript : Gemfields Group Limited, 2023 Earnings Call, Mar 25, 2024	Mar. 25
Gemfields annual profit tumbles after scrapping auction, write-down	Mar. 25	AN
Gemfields Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 25	CI
Gemfields Group Limited Announces Board Role Changes, Effective 1 April 2024	Mar. 24	CI
Gemfields Group Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 24 June 2024	Mar. 24	CI
Gemfields expects to swing to annual loss on write-down, lower output	Mar. 22	AN
Gemfields Group Limited Provides Earnings Guidance for the Year Ended 31 December 2023	Mar. 22	CI
Madagascan president's ex-aide guilty of offering mining licence for bribes	Feb. 20	RE
Madagascan president's ex-aide offered influence for bribes, London jury told	Feb. 06	RE
Gemfields auction revenue slumps 23% in 2023 after record	Jan. 29	AN
Gemfields shares rise after "decidedly healthy" ruby auction	Dec. 06	AN
Gemfields Group Limited Announces Total Auction Revenues for December 2023	Dec. 05	CI
Gemfields Says Rational Expectations' Shareholding Is 13.41% Of Total Issued Shares	23-10-25	RE
Gemfields completes USD10 million share buyback programme	23-10-23	AN
CORRECT (Oct 20): Gemfields buys back shares for ZAR176 million	23-10-23	AN
Tranche Update on Gemfields Group Limited's Equity Buyback Plan announced on December 20, 2022.	23-10-23	CI
Gemfields buys back own shares for ZAR176 million	23-10-20	AN
Gemfields Group Limited's Equity Buyback announced on December 20, 2022, has closed with 58,423,901 shares, representing 4.78% for $10.89 million.	23-10-19	CI
The FTSE 100 Closed Up as UK Retail Sales, Consumer Confidence Data Offers Economic Hope	23-09-22	DJ
Gemfields lifts interim dividend but warns of lower full-year results	23-09-22	AN
Gemfields Group Posts Lower H1 Profit, Revenue	23-09-22	MT
Tranche Update on Gemfields Group Limited's Equity Buyback Plan announced on December 20, 2022.	23-09-22	CI
Gemfields Group Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-22	CI
South African Stocks Close Lower as Central Bank Bonanza Spurs Caution	23-09-18	MT