Company
Gemfields Group Limited
LON:GEM
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.
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Gemfields shares slide as ruby producer's profits topple
Revenues fell at both its key mines, Kagem and MRM
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Today's Market View - Gemfields and Red Rock Resources
Gold endures most severe weekly fall since November on US Treasury yield strength Gold has seen a 2.1% weekly drop to $1,789/oz – its largest since late November. US Treasury yields on the 10-year note hit their highest since March 2021, to
Gemfields rakes in record revenues at latest ruby auction
The auction saw 49 companies placing bids and generating record revenues of U$88.4 million with an overall average value of U$132.47 per carat
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Today's Market View - Atlantic Lithium, Bluejay Mining, Eurasia Mining and more...
Bluejay Mining* (LON:JAY) 9.3p, Mkt cap £90m – Dundas bulk samples sent for customer evaluation Bluejay Mining report the completion of pilot plant processing on the Dundas project ilmenite ore. The ore was pre-sieved in Greenland to remove
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Mining stocks dominate the week's small-cap risers
A look at some of the major movers in the small-cap world this week
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Today's Market View - Bacanora Lithium, Vast Resources, Serabi Gold and more...
Bacanora Lithium (LON:BCN) – Ganfeng exercises option to increase investment in Sonora Lithium project Chaarat Gold* (LON:CGH) - BUY – Production guidance reiterated after Armenia/Azerbaijan agree to a ceasefire Endeavour Mining (CVE:EDV) –
Gemfields Group returns to AIM after two and a half years
The emerald and ruby miner was taken private by its major shareholder in July 2017
Investments and investor services
FTSE 100 closes firmly ahead as it puts dismal October to rest
The FTSE 100 closed up around 92 points at 7,182. FTSE 250 also gained..
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Glaxo getting the tingles from its shingles jab
Trading updates from Glaxo, Standard Chartered and Next are likely to be the highlights
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UK Budget, BoE, US jobs data to sandwich flood of corporate updates from likes of BP and Shell
Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
Mustang Resources makes first ruby sale from new Thailand office
Notably, significant interest has been received from renowned international jewellery brands.
Mustang Resources developing ruby and graphite-vanadium projects in Mozambique
The Caula Graphite Vanadium Project could achieve first production by mid-2019.
Gem unearths huge diamond of 'exceptional quality' at Letseng in Lesotho
Diamond is fifth largest ever found and might be worth more than US$40mln says brokers
Metal Tiger, Caladonia Mining, Gemfields and African Potash all in focus
It was another summerish week for the mining sector.
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Proactive news snapshot: Sound Energy, Horizon Discovery, Hurricane Energy, Gemfields...
A glance at some of the stories on the Proactive newswire today
Gemfields shares to be compulsorily acquired by Pallinghurst
Gemfields shareholders who have not yet accepted the Pallinghurst offer might as well do so now
Mustang Resources Ltd's shares glisten as Chinese demand drives ruby prices higher
Ruby demand is being driven from Asia, U.S. and Europe.
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Proactive news round-up: Hurricane Energy, Hayward Tyler, San Leon Energy...
A galnce at thestories on teh Proactive Newswire today
Game over for Gemfields as it confirms plans to de-list from AIM
The firm's shares are set to be de-listed from AIM on 28 July
Eden Research rallies on new commercial agreements, SerVision slumps on wider loss
A look a the biggest risers and fallers of London's small cap stocks
Mustang Resources swells ruby inventory as discoveries continue
Rubies are the most expensive gem stone after diamonds.
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Proactive news round-up: Gemfields, Telit Communications, Sunrise Resources ...
A glance at some of the stories on the Proactive newswire today
Gemfields shares slump as Pallinghurst gets enough support to de-list the miner
Pallinghurst needed 75% of Gemfields investors to back its takeover in order to de-list the miner, support it now has
Nature Group and OneView Group shares plunge
A look at the biggest risers and fallers of UK small caps
Pallinghurst shareholders overwhelmingly approve Gemfields takeover bid
Despite suggestions last week that it might struggle to drum up the necessary support, 96% of Pallinghurst investors have backed the takeover
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Proactive weekly mining news – Gemfields, Shanta Gold, Petropavlovsk…
A look at the week’s highlighted news for the junior miners
Gemfields bidding war tipped to rumble on even if Pallinghurst investors back nil-premium offer on Monday
Pallinghurst needs shareholder approval if it wants to push ahead with its offer for Gemfields, but market sources think that still might not be the end of the bidding war
‘All to play for’ in the Gemfields tug-of-war as Pallinghurst’s support questioned
Pallinghurst needs at least half of its investors to back the deal which it claims it has already received, but Fosun Gold and Gemfields disagree
Gemfields nudges higher as board recommends new Fosun offer
Fosun has lodged a firm cash offer of 45p for each Gemfields share
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Proactive end of day round-up: Jubilee Platinum, ANGLE, Seeing Machines...
A glance at some of the small cap stories on Proactive Investors today
Petro Matad rallies on Mongolian licence extension
Risers and fallers: DFS, Next, ANGLE boosted by Barts research, Starcom wins container order, Sprue Aegis delivers bullish AGM
Growing demand for rubies sees Gemfields generate record sales at latest Montepuez auction
The coloured gemstones miner sold US$54.8mln worth of rubies extracted from its Montepuez deposit
FTSE 100 closes 55 down and UK mid-caps plunge; BoE raises prospect of rate rise
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
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Proactive news round-up: Sound Energy, Gemfields, Sunrise Resources...
A glance at some of the stories on the Proactive Investors newswire today
Sunrise Resources radiating positivity over pozzolan
Risers and fallers: Advanced Oncotherapy, St Ives, Intelligent Energy
Bidding war on the cards as Gemfields receives more lucrative cash offer from China’s Fosun Gold
Fosun said its 40.85p a share offer is a "compelling cash alternative"
FTSE 100 reverses gains to close lower ahead of US rate decision
Bellway's bullish trading statement sparked buying activity across the sector
Mustang Resources begins bulk sampling at new area
Initial manual test pitting at the new licence has already yielded results.
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Proactive news round-up: Eurasia Mining, Gemfields, OPG Power Ventures...
Some of the small cap stories on the Proactive newswire today
Gemfields management team fights back against takeover bid from Pallinghurst Resources
Gemfields minority investors have accused Pallinghurst Resources of being “opportunistic" in its bid to takeover the gemstone company
Styles&Wood Group heads higher on chipper outlook
Some of the main risers and fallers in London at 3.40pm
Gemfields slumps as independent directors advise against takeover offer from Pallinghurst
Gemfields said a review by independent directors determined a takeover bid from Pallinghurst Resources "significantly undervalues" the company
FTSE 100 closes lower as election worries dent sentiment
The FTSE 100 closed down 6.56, or 0.09% to 7,519...
Mustang Resources bolsters ranks ahead of first ruby auction
Peter Spiers was managing director of Orbis Gold, acquired for 98% premium.
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Proactive weekly mining news – Gemfields, Ariana Resources, Sirius Minerals…
A look at the week’s highlighted news for the junior miners
Gemfields receives nil-premium bid from main shareholder Pallinghurst
The firm says it is reviewing the 'unsolicited' approach from Pallinghurst
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Proactive end of day news wrap: Galileo Resources, Anglo Pacific, Kromek ...
A taste of the small cap stories on the Proactive newswire today
Petrofac plunges on news of Serious Fraud Office investigation
A look at some of the biggest London-listed risers and fallers today
Gemfields turns focus to high quality assets as it withdraws from Coscuez and Sri Lanka
Gemfield is making improvements to operational efficiencies and cutting operating costs at its Kagem mine in Zambia
FTSE 100 closes at record high after third-straight week of gains
At the close, the UK blue chip index was up 0.7%, or 48.8 points at 7,435.4, not far below its all-time record of 7,447.0
Mustang Resources sets a date to cash in on gems
The company now has a set date for cash flow generation.
Investments and investor services
FTSE 100 gains as investors turn to havens in the wake of US strike on Syria
Neither the US air strikes or the underwhelming US jobs data could prevent the Footsie from finishing the day in the blue
Mustang Resources takes growing gem-ruby stockpile to Europe
Mustang recently listed on the Frankfurt Stock Exchange.
Mustang Resources set to export second parcel of rubies
Mustang is getting closer to generating cash flow from ruby sales.
Mustang Resources makes high grade graphite discovery
Mustang Resources has intersected very high grade graphite.
Mustang Resources lifts exposure in world-class ruby region
Mustang has agreed to acquire an interest in a strategically located ruby license.
Gemfields a sparkling success despite recent blip
The Indian government's currency actions have hit short-term trading but this is still the semi-mythical "ten-bagger"
Gemfields' adjustment of guidance "prudent management", SP Angel says
"We see the move as prudent management as the company adjusts to the impact of Indian demonetisation and waits for the stabilisation of the market," said SP Angel.
Investments and investor services
FTSE closes flat as Unilever holds market back
The FTSE 100 ended flat on Monday as Unilever shares sank in the wake of Kraft Heinz saying it had abandoned its proposed merger which would have been one of the biggest in corporate history
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Proactive news round-up: Ithaca Energy, Ergomed, Amryt Pharmaceuticals ...
A glance at some of the stories on the Proactive newswire today.
Gemfields production dips on lower grades at Kagem
Gemfields produced 4.7 mln carats of emerald and beryl from Kagem in the most recent quarter
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Proactive news round-up: ValiRx, ITM Power, Tharisa ...
A glance at some of the stories on the Proactive newswire today.
Gemfields analyst kicks off new year with bullish price target
Reiterating his ‘buy’ recommendation on the stock in the emerald and ruby miner and marketer, Peel’s analyst Michael Stoner raised his valuation to 93p from 78p.
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Proactive news round-up: Hurricane Energy, San Leon Energy, Canadian Overseas Petroleum ...
A glance at some of the stories on the Proactive newswire today
Gemfields tipped to sparkle again in 2017
2016 has been a good year for the coloured gem specialist, and 2017 could be even better according to brokers
Ruby demand remains strong as Gemfields pulls in US$30mln
The coloured gem specialist held a successful ruby auction in Singapore last week
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Proactive news round-up: Akers Biosciences, Base Resources, Rambler Metals...
A glance at some of the main stories on the Proactive newswire today
Gemfields puts back emerald auction
The delay is to allow and adjustment period for the predominantly Indian customer base following Prime Minister Narendra Modi's snap demonetisation programme.
Costs declining at Gemfields
Demand for Gemfields' coloured gemstones continues to rise