FTSE 100 stocks end softer as pound remains lowly
FTSE 100 stocks ended softer on Tuesday as sterling remained nestled near to post-Brexit lows for a second successive session
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 target nudged higher by keen Panmure
Shares have underperformed recently. but should rally in the coming months, said Panmure
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Gemfields ruby operation enjoys sparkling end to year
Annual production from Montepuez in Mozambique is slated to be 10.3mln carats of ruby and corundum, some 2.3mln carats ahead of forecast.
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