goldminer70
08 Sep 2015
Auction Results Gemfields have announced the auction results the full RSN can be seen on their website but the highlights areEmerald auction revenues of USD 34.7millionThe average realised price was USD 58.42 per carat, the third highest figure on record;Of the 0.60 million carats offered for sale, 0.59 million carats were sold(98%); and19Kagem auctions held since July 2009 have generated USD 360million in total revenues.Amethyst auction revenues of USD 0.44 millionThe average realised price was 4.32 US cents per carat (an increase of 144% compared to the 1.77 US cents per carat realised in the February 2015 auction; Of the 11.0 million carats offered for sale, 10.1million carats were sold (92%)Roll on the full results later this month. The should be stunningGoldminer79
loadsadough
01 Sep 2015
Scheduled Gemfields' next auction of predominantly higher quality rough emerald from its Kagem mine is scheduled to take place from 31 August to 4 September 2015.Looks like it now.loadsadough
goldminer70
19 Aug 2015
Forthcoming Results On 22nd September 2014 Gem fields announced the results for the financial year to 30th June 2013-14. These showed that a revenue (turnover) of £94.00M they made a profit £21.39M. The Share Price closed on that date was 51.50pOn 9th March 2015 Gemfields announced the interim results for the period 30th June 2014 to 31st December 2015. These showed that a revenue (turnover) for the six months of £66.40M they made a profit £27.92M. So Gemfields made £6.53M more profit in the first six months than the previous twelve months. This barely moved the share price it was though the market did not believe the interim figures. Although the increase in activity was substantiated by the Market Updates.In the six months in the second half of the year there have been three auctions which generated sales of £38.4M. Auctions only represent part of the total revenue of the CompanyThe two Market Updates for the third quarter and fourth quarter generally show increased production levels on the previous quarters and the corresponding periods in the previous years. So taking all these factors in account I am estimating that in September 2015 the results will show revenue of £120.0M (up 24%) and profit of £50.0M (up 134%). Gemfields is selling at a PE of 53.7 and is capitalised at £353.6M. If the profit does go up to £50M the PE will come down to a lowly 20 which is ridiculous for a company with profits increasing at such a rateWhen results are analysed I believe the share price will go up over £1 by Christmas. Goldminer70
loadsadough
12 Aug 2015
RNS Market Update Market Update - Quarter to 30 June 2015RNSRNS Number : 7722VGemfields PLC12 August 2015 Gemfields plc ("Gemfields" or the "Company"
Market Update - Quarter to 30 June 2015 12 August 2015 Gemfields plc (AIM: GEM) presents an operational update for the three month period ending 30 June 2015. All figures are approximate and unaudited. Unless otherwise stated, the term "carats" includes both emerald and beryl in relation to the Kagem emerald mine, and both ruby and corundum in relation to the Montepuez ruby deposit. Highlights Emeralds· Production summary for 75%-owned Kagem Mining Limited ("Kagem" in Zambia for the quarter ending 30 June 2015:§ Production of 8.1 million carats of emerald and beryl (versus 6.2 million carats in the quarter ending 30 June 2014);§ Average grade of 222 carats per tonne (versus 271 carats per tonne in the quarter ending 30 June 2014);§ Total operating costs(a) of USD 12.8 million (versus USD 11.1 million in the quarter ending 30 June 2014), largely on account of the increased scale of mining and exploration activities carried out across the mining licence;§ Unit operating costs(b) of USD 1.58 per carat (versus USD 1.79 per carat in the quarter ending 30 June 2014). On a cash basis(c), unit operating costs were USD 1.30 per carat (versus USD 1.44 per carat in the quarter ending 30 June 2014); and§ Cash rock handling unit costs of USD 2.92 per tonne (versus USD 3.56 per tonne in the quarter ending 30 June 2014), with the increased scale of mining driving increased overall efficiencies.· Production summary for Kagem for the financial year ending 30 June 2015:§ Annual gemstone production of 30.1 million carats of emerald and beryl (versus 20.2 million carats in the year ending 30 June 2014), accompanied by a pleasing increase in the overall quality of emerald and beryl produced during the year;§ Average grade of 242 carats per tonne (versus 253 carats per tonne in the year ending 30 June 2014);§ Total operating costs(a) of USD 44.5 million (versus USD 32.0 million in the year ending 30 June 2014), largely on account of the increased scale of mining and exploration activities carried out across the mining licence;§ Unit operating costs(b) of USD 1.48 per carat (versus USD 1.58 per carat in the year ending 30 June 2014). On a cash basis(c), unit operating costs were USD 1.45 per carat (versus USD 1.36 per carat in the year ending 30 June 2014); and§ Cash rock handling unit costs of USD 2.90 per tonne (versus USD 3.70 per tonne in the year ending 30 June 2014), with the increased scale of mining driving increased efficiencies.· Gemfields' next auction of predominantly higher quality rough emerald from its Kagem mine is scheduled to take place from 31 August to 4 September 2015. Rubies· Production summary for 75%-owned Montepuez Ruby Mining Limitada ("Montepuez" in Mozambique for the quarter ending 30 June 2015:§ Approximately 0.7 million carats of ruby and corundum extracted (versus 0.2 million carats in the quarter ending 30 June 2014);§ Average grade of 9 carats per tonne (versus 3 carats per tonne in the quarter ending 30 June 2014);§ Total operating costs(d) of USD 7.0 million (versus USD 0.8 million in the quarter ending 30 June 2014), due to the increase in the scale of exploration, processing and mining activities, as well as changes to the accounting treatment of costs as of 1 July 2014;§ Unit operating costs(b) of USD 10.00 per carat (versus USD 4.00 per carat in the quarter ending 30 June 2014) due to the increase in the scale of exploration, processing and mining activities, as well as changes to the accounting treatment of costs as of 1 July 2014. On a cash basis(c), unit operating costs were USD 8.57 per carat (versus USD 15.50 per carat in the quarter ending 30 June 2014); and§ Cash rock handling unit costs of USD 6.13 per tonne (versus USD 5.71 per tonne in the quarter ending 30 June 2014)
goldminer70
09 Aug 2015
GEM Dates The last 4 Market Updates have been4Q 2013-14 Thursday 7th Aug 20141Q 2014-15 Tuesday 11th Nov 20142Q 2014-15 Tuesday 17th Feb 20153Q 2014-15 Tuesday 14th Apr 2015As GEM seems to favour Tuesdays perhaps the next Market Update will read4Q 2014-15 Tuesday 11th Aug 2015Last year the final full Year Results were announced Monday 8th SeptemberWe look forward to seeing the final results for 2014-15 early SeptemberGoldminer70
Ripley94
01 Aug 2015
sliced a few after getting back to recent highs.
goldminer70
23 Jul 2015
Re: Montepuez Ruby Mine Resource Statement I posted yesterday saying that an 8 page highly technical report on the Montepuez Ruby Mine had been issued. Proactive Investors have written a very good summary."Gemfields’ (LON:GEM) Montepuez ruby mine in Mozambique has enough reserves for more than twenty years of mining, according to its first independent assessment.Maiden estimates by consultant SRK were that the mine had a JORC-compliant indicated and inferred mineral resource of 467mln carats of ruby and corundum at an in-situ grade of 62.3 carats per tonne (ct/t).Probable reserves, which carry a higher degree of certainty, are 432mln carats of ruby and corundum at diluted ore grade of 15.7 ct/t.That is enough for 21 years of mining, according to an independent technical report.Gemfields has been trial mining at Montepuez for some months, but the technical report sees a major step up in scale over the next two years.Production would rise to 5.6mln tonnes annually by July 2017 (from 3.3mln) with processing capacity to rise to 1.3mln tonnes per annum by July of next year.Costs to bring Montepuez fully on line would be US$65mln in the first two years and US$305mln over its whole life, but that would generate a value of nearly US$1bn and cash of more than US$2.7bn.Ian Harebottle, chief executive, said this first recorded mineral resource and ore reserve statement was a milestone event and provides further evidence to the continued growth, positive momentum and opportunity inherent within the coloured gemstone sector. Broker Investec said the numbers were very impressive, adding it had never seen an internal rate of return on a mining project as high as 312%.“We also believe that the tenement package held by Gemfields has considerable upside potential from here” and how marketing might help to lift ruby price over the longer term."Next month sees the 1st Auction this financial year of emeralds from the Kegem mine in Zambia and the Market report for the last quarter April to June and in September the full results for the current financial year will be released. These all should boost the SP, to over £1 by Christmas.
goldminer70
22 Jul 2015
Montepuez Ruby Mine Resource Statement Gemfields have today issued a new resource statement for the Montepuez Ruby Mine in the north-east of Mozambique.It is 8 pages long and highly technical. It can be viewed on the Gemfield website.It is very encouraging as it quotes a large increase in the resources of this mine.Goldminer 70
goldminer70
22 Jun 2015
Auction Results The results of last weeks auction have been announced. They are slightly disappointing with only 61% of the lots and 66% by weight sold."The auction generated total revenues of USD 29.3 million at an average realised price of USD 617 per carat. The auction results, which saw 28 of the 46 lots offered being sold, indicate there are further opportunities to educate the market on the Company’s products in order for the market to fully appreciate the rarity and value of all of the gems from Montepuez".It does not say how much the large pair were sold for. But it augers well for good results to the end of the FY 30th June 2015Goldminer70.
loadsadough
22 Jun 2015
Eyes of the Dragon. RNS Gemfields PLC Results - Singapore Rough Ruby AuctionShare On Facebook PrintAlertTIDMGEMRNS Number : 7793QGemfields PLC22 June 2015Gemfields plc("Gemfields" or "the Company"Results - Singapore Rough Ruby Auction22 June 2015Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly higher qualityrough ruby extracted by Montepuez Ruby Mining Limitada (which is 75% owned by Gemfields and 25% by local partners Mwiriti Limitada) from the Montepuez ruby deposit ("Montepeuz" in Mozambique. The auction was held in Singapore from 16 to 21 June 2015.Highlights -- Auction revenues of USD 29.3 million; -- Average realised price of USD 617 per carat; -- 47,451 carats sold (66% by weight or 87% by market value) out of the total of 72,208 carats offered; and-- The four Montepuez auctions held since June 2014 have generated USD 122.2 million in aggregate revenues.Montepuez Ruby AuctionGemfields' fourth auction of rough rubies from Montepuez saw 46 companies placing bids. The auction was only the second comprised predominantly of rubies of higher quality and all 46 lots offered at the auction were offered on an untreated basis.The auction generated total revenues of USD 29.3 million at an average realised price of USD 617 per carat. The auction results, which saw 28 of the 46 lots offered being sold, indicate there are further opportunities to educate the market on the Company's products in order for the market to fully appreciate the rarity and value of all of the gems from Montepuez. The comparability of the progress to date at Montepuez with that achieved at Kagem, the Company's producing emerald mine in Zambia, bodes well for the future price development. The results of the four Montepuez auctions held to date are summarised below: AUCTION RESULTS JUNE '14 DECEMBER APRIL JUNE '15 (RUBY & CORUNDUM) AUCTION '14 AUCTION '15 AUCTION AUCTION ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - Dates 12-17 June 3-8 December 17-22 16-21 2014 2014 April June 2015 2015 ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - Location Singapore Singapore Jaipur, Singapore India ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - Type Rough Ruby Rough Ruby Rough Rough & Corundum (Higher Ruby & Ruby (Higher Quality) Corundum (Higher and Lower (Lower Quality) Quality) Quality) ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - Carats offered 2.03 million 85,491 4.03 million 72,208 ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - Carats Sold 1.82 million 62,936 3.99 million 47,451 ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - No. of lots offered 62 41 66 46 ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - No. of lots sold 57 35 58 28 ---------- ---------- ---------- ------ ---------- ------- ---------- ----- ---------- - Percentage of
Aurelius
22 Jun 2015
Very disappointing auction result- at least $10m below expectations.
rick43
09 Jun 2015
Re: CEO speaks The chief executive of Gemfields (LON:GEM), Ian Harebottle, says the pair of matching rubies found at the firm’s Montepuez deposit in Mozambique are “potentially priceless” in the hands of the right jeweller or collector.
goldminer70
09 Jun 2015
Re: large ruby pair find The Ruby auction is from 16 - 21 June 2015 in Singapore. Usually Gemfields will issue an RNS of the auction results on the following Monday 22nd June.All in place nicely for the year end 30th June 2015.Goldminer70
II Editor
09 Jun 2015
NEW ARTICLE: Gemfields in rare ruby find, but shares undervalued "It's been a great year so far for precious stones miner LSE:GEM:Gemfields. Last year was pretty spectacular, too, and the share price has more than doubled in less than 15 months. Now, the company has found an incredibly rare pair of matching ..."[link]
rick43
09 Jun 2015
Re: large ruby pair find Last month a 25.59 carat Burmese ruby – described as pigeon blood colour – sold at Sotheby's auction house in Geneva for a record £19million.Harebottle said the two Mozambican rubies are also 'pigeon blood' colour which is usually only found in rubies from Burma.The 45 carat stones will form part of Gemfields' auction in Singapore later this month.
