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India

Gemfields Group Ltd (GMLJ.J)

GMLJ.J on Johannesburg Stock Exchange

157.00ZAc
13 Sep 2019
Change (% chg)

2.00 (+1.29%)
Prev Close
155.00
Open
150.00
Day's High
157.00
Day's Low
150.00
Volume
694,705
Avg. Vol
324,578
52-wk High
220.00
52-wk Low
125.00

Latest Key Developments (Source: Significant Developments)

Gemfields Group Announces Auction Revenues Of $50 Mln From Singapore Ruby Auction
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Gemfields Group Ltd ::SINGAPORE RUBY AUCTION RESULTS.AUCTION REVENUES OF USD 50.0 MILLION FROM RUBY AUCTION.OF 90 LOTS OFFERED, 84 WERE SOLD (93%) IN AUCTION.962,211 CARATS SOLD OUT OF 978,197 CARATS OFFERED IN AUCTION.PROCEEDS OF AUCTION TO BE FULLY REPATRIATED TO MRM IN MOZAMBIQUE.RUBY AUCTION HAD AVERAGE PRICE OF USD 51.99 PER CARAT.  Full Article

Gemfields Says Sells Shares In Jupiter Mines, To Declare Special Dividend
Monday, 15 Apr 2019 

April 15 (Reuters) - Gemfields Group Ltd ::CONDITIONAL SALE OF SHARES IN JUPITER MINES LTD AND INTENTION TO DECLARE SPECIAL DIVIDEND.ENTERED INTO A CONDITIONAL SALE AND PURCHASE AGREEMENT WITH AMCI EURO HOLDINGS B.V.SUBSIDIARY AGREED TO SELL, AND AMCI HAS AGREED TO PURCHASE, 145,845,372 ORDINARY SHARES IN ASX-LISTED JUPITER.GEMFIELDS WILL RECEIVE A TOTAL AMOUNT OF AUD 44,240,938 IN CASH AS CONSIDERATION FOR JUPITER SHARES.INTENDS TO DECLARE A SPECIAL DIVIDEND OF USD 24,685,829 TO GEMFIELDS SHAREHOLDERS.  Full Article

Leigh Day Issues Statement On Settlement Of Claims Against Gemfields
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Leigh Day: :STATEMENT BY LEIGH DAY IN RELATION TO THE SETTLEMENT OF CLAIMS AGAINST GEMFIELDS LTD.LEIGH DAY SAYS ACKNOWLEDGES THAT GEMFIELDS HAS TAKEN THE CLAIMANTS’ ALLEGATIONS SERIOUSLY.  Full Article

Gemfields Group Says Zambian Revenue Authority Clears Kagem Mining After Tax Investigation
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Gemfields Group Ltd ::ZAMBIAN REVENUE AUTHORITY CLEARED KAGEM MINING FOLLOWING ITS RECENT TAX INVESTIGATION.THERE WERE NO FINDINGS OF WRONGDOING OR LATE PAYMENT BY KAGEM OR LIMPOPO AND NO PENALTIES WERE LEVIED.  Full Article

Gemfields Reports Auction Rev $28.4 Mln From Singapore Emerald Auction
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Gemfields Group Ltd ::RESULTS OF AN AUCTION OF HIGHER QUALITY ROUGH EMERALDS HELD IN SINGAPORE FROM 14 - 17 NOVEMBER 2018.EMERALDS EXTRACTED BY KAGEM MINING LTD IN ZAMBIA, WHICH IS 75 PCT OWNED BY GEMFIELDS.AUCTION REVENUES OF USD 28.4 MILLION FROM EMERALD AUCTION.AVERAGE PRICE OF USD 68.03 PER CARAT IN EMERALD AUCTION.PROCEEDS OF EMERALD AUCTION TO BE FULLY REPATRIATED TO KAGEM IN ZAMBIA.  Full Article

Gemfields Group Total Production As Of June 28 At 283,535 Carats
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Gemfields Group Ltd ::HY REVENUE $102.1 MILLION.HY EARNINGS PER SHARE ATTIBUTABLE TO PARENT 0.01 CENTS.TOTAL PRODUCTION AS OF 28 JUNE STANDS AT 283,535 CARATS OUT OF WHICH 11,190 CARATS ARE OF EMERALD CATEGORY.  Full Article

Gemfields Group Sees HY HEPS 0.15 Rand
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Gemfields Group Ltd ::SEES HY EARNINGS AND HEADLINE EARNINGS PER SHARE ZAR 0.15.REASONABLY CERTAIN NET PROFIT AFTER TAX WILL BE $6 MILLION FOR 6 MONTH PERIOD TO 30 JUNE 2018 COMPARED TO NET LOSS AFTER TAX OF $81 MILLION.CO'S TWO KEY OPERATING ASSETS, KAGEM & MRM, GENERATED REVENUE OF $20.3 MILLION AND $71.8 MILLION IN HY.  Full Article

Pallinghurst Resources Posts FY Profit Before Tax $52.6 Mln
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Pallinghurst Resources Ltd ::FY PROFIT BEFORE TAX $52.6 MILLION VERSUS $44.6 MILLION.  Full Article

Pallinghurst Says To Get 94 Mln Rand From Jupiter Mines Buy-Back
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Pallinghurst Resources Ltd ::JUPITER HAS ANNOUNCED INDICATIVE TERMS OF BUY- BACK PURSUANT TO WHICH IT INTENDS TO RETURN US$42 MILLION TO SHAREHOLDERS​.ALL JUPITER SHAREHOLDERS ARE TO BE MADE AN EQUAL OFFER TO HAVE 5.82 PCT OF THEIR JUPITER SHARES REPURCHASED, AT A PRICE OF US$0.35 PER JUPITER SHARE​.‍PALLINGHURST OWNS APPROXIMATELY 18.4 PCT OF JUPITER AND STANDS TO RECEIVE ALMOST US$8 MILLION (ZAR94 MILLION) IN MARCH 2018​.  Full Article

Pallinghurst Completes ‍Integration Of Gemfields
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Pallinghurst Resources Ltd ::‍INTEGRATION OF GEMFIELDS AND PALLINGHURST TEAMS HAS BEEN IMPLEMENTED, WITH HEADCOUNT AT LONDON ADMINISTRATIVE HEAD-OFFICE REDUCED BY ABOUT 15%.‍FURTHER STAFF RATIONALISATION WAS IMPLEMENTED AT GEMFIELDS OFFICES IN NEW YORK AND INDIA.‍CHANGES AND ADDITIONAL VOLUNTARY SALARY REDUCTIONS WILL REDUCE TOTAL COMPENSATION TO EXECUTIVE MANAGEMENT TEAM BY MORE THAN 50% ​​.  Full Article