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Diamonds & gemstones
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UPDATE - Gemfields sparkles as first-half EBITDA more than triples
Gemfields’ mine-to-market strategy for coloured gemstones appears to be delivering significant financial rewards judging from its interim results.
UPDATE - Gemfields unveils another record beating Kagem auction
Gemfields has unveiled another record-beating auction result - this time from sales of lower quality rough emerald and beryl from the Kagem mine in Zambia. The average realised price was US$3.72 per carat, a new record for lower quality auc
Diamondcorp upgraded on Lace mine cash potential
The broker’s price target rises to 15.6p per share, from 11p, while its rating is now ‘buy’ from ‘hold’.
UPDATE - Gemfields sparkles with a 40% rise in quarterly production
Gemfields said production of emeralds and rubies was up 40% year-on-year in the final quarter of 2014, while successful auctions revealed the “firmness in global demand for its output.
Mountain Province's quick credit approval for US$370 mln debt facility derisks: Dundee Capital
Mountain Province Diamonds (TSE:MPV) announced this morning the credit approval for its US$370 million debt facility, which Dundee Capital Markets said is an incrementally positive step that should help derisk the company's ownership of the