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Gemfields Group Ltd (GMLJ.J)

GMLJ.J on Johannesburg Stock Exchange

150.00ZAc
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Gemfields Says Part Of Distribution Pool Should Be Used To Fund Larger Share Buyback
Thursday, 27 Jun 2019 

June 27 (Reuters) - Gemfields Group Ltd ::JSE: GML - SHARE BUY-BACK AND INTENDED SPECIAL DIVIDEND.BOARD HAS RE-CONSIDERED MOST SUITABLE DEPLOYMENT OF DISTRIBUTION POOL.BOARD BELIEVES PROPORTION OF DISTRIBUTION POOL SHOULD BE USED TO FUND LARGER SHARE BUYBACK.WILL CANCEL SHARES BOUGHT BACK ON ROLLING BASIS UNDER PRESENT SHARE BUYBACK, THEREFORE REDUCING SHARE CAPITAL OF CO.AFTER LARGER BUYBACK, BALANCE OF DISTRIBUTION POOL TO BE PAID OUT AS SPECIAL DIVIDEND ON COMPLETION OF BUYBACK.FULL DISTRIBUTION POOL WOULD STILL BE PASSED TO SHAREHOLDERS.PROPOSED SPECIAL DIVIDEND OF $24.7 MILLION WOULD REPRESENT DISTRIBUTION OF $0.0175/SHARE.SHAREHOLDER FEEDBACK INDICATED PREFERENCE THAT GREATER EMPHASIS BE PLACED ON SHARE BUY-BACK.  Full Article

Gemfields Group Announces Gold Exploration Joint Venture In Mozambique
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Gemfields Group Ltd ::JSE: GML - GOLD EXPLORATION JOINT VENTURE IN MOZAMBIQUE.GEMFIELDS GROUP LTD - NEW JOINT VENTURE COMPANY WILL BE INCORPORATED IN MOZAMBIQUE WITH GEMFIELDS OWNING 75% AND MWIRITI 25%.GEMFIELDS - TO ESTABLISH JV CO WITH MWIRITI LIMITADA TO EXPLORE AND PROGRESS OPPORTUNITIES ARISING FROM 12 GREENFIELD LICENCES.GEMFIELDS GROUP LTD - MWIRITI WILL RECEIVE FROM JOINT VENTURE AN ADVANCE PAYMENT OF USD 3 MILLION AGAINST MWIRITI'S SHARE OF FUTURE EARNINGS.  Full Article

Gemfields Group Reports FY Headline Loss Per Share Of US$0.03
Monday, 25 Mar 2019 

March 25 (Reuters) - Gemfields Group Ltd ::GEMFIELDS GROUP LTD - FY HEADLINE EARNINGS PER SHARE WERE A LOSS OF US$0.03.GEMFIELDS GROUP - GROUP REVENUES FOR YEAR OF US$206.1 MILLION (12 MONTHS TO DECEMBER 2017: US$81.7 MILLION AND 12 MONTHS TO JUNE 2017: US$158.3 MILLION).GEMFIELDS GROUP LTD - YEAR SAW COMPANY FACE CONSIDERABLE CHALLENGES IN ETHIOPIA, MOZAMBIQUE AND ZAMBIA.GEMFIELDS GROUP LTD - BIGGEST CHALLENGE OVER COMING MONTHS WILL BE IN ZAMBIA.  Full Article

Gemfields Group Sees FY Headline Loss Per Share To Be ZAR 0.43
Friday, 22 Mar 2019 

March 22 (Reuters) - Gemfields Group Ltd ::GEMFIELDS TRADING STATEMENT.HEADLINE LOSS PER SHARE IS EXPECTED TO BE ZAR 0.43 FOR FY.EARNINGS FOR YEAR ARE EXPECTED TO BE ZAR 227.1 MILLION (ZAR70.5 MILLION LOSS FOR COMPARATIVE PERIOD).  Full Article

Pallinghurst Resources expects NAV to be ZAR7.6 bln at Dec 31 2017
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Pallinghurst Resources Ltd ::PALLINGHURST RESOURCES SAYS ‍EARNINGS PER SHARE IS EXPECTED TO BE USC 4.0 FOR YEAR ENDED 31 DECEMBER 2017 COMPARED TO EARNINGS PER SHARE OF USC 6.0 A YEAR AGO.‍IN ZAR TERMS, PRL EXPECTS NAV TO BE ZAR7.6 BILLION AT 31 DECEMBER 2017 (ZAR5.0 BILLION AT 31 DECEMBER 2016)​.‍EXCLUDING BARGAIN PURCHASE GAIN, HEADLINE LOSS PER SHARE IS EXPECTED TO BE USC 6.0 FOR YEAR ENDED 31 DECEMBER 2017​.  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

Pallinghurst says ‍Priyank Thapliyal takes up full-time CEO position at Jupiter Mines​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Pallinghurst Resources Ltd :PALLINGHURST RESOURCES LTD - ‍PRIYANK THAPLIYAL TAKES UP FULL-TIME CEO POSITION AT JUPITER MINES​.  Full Article

Pallinghurst Resources sees loss and headline loss per share of 1.39 rand for period to June 30
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - PALLINGHURST RESOURCES LTD ::REASONABLY CERTAIN THAT LOSS AND HEADLINE LOSS PER SHARE WILL BE USC 10.6 FOR PERIOD TO 30 JUNE 2017.LOSS IS PRIMARILY ATTRIBUTABLE TO DECREASES IN VALUATION OF PALLINGHURST'S INVESTMENTS, WHICH ARE HELD AT FAIR VALUE.IN ZAR TERMS, EXPECTS LOSS AND HEADLINE LOSS PER SHARE FOR PERIOD TO JUNE 30 TO BE ZAR1.39.  Full Article