Last €0.59 EUR
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gemfields plc (G8R) Snapshot

Open
€0.59
Previous Close
€0.58
Day High
€0.59
Day Low
€0.57
52 Week High
10/6/14 - €0.70
52 Week Low
12/27/13 - €0.36
Market Cap
318.6M
Average Volume 10 Days
1.0K
EPS TTM
--
Shares Outstanding
540.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GEMFIELDS PLC (G8R)

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gemfields plc (G8R) Details

Gemfields plc supplies colored gemstones in Zambia. The company operates through five segments: Zambia, Mozambique, UK, Fabergé, and Other. The company holds 75% interests in the Kagem emerald mine covering an area of approximately 41 square Kilometers in Zambia; and the Montepuez ruby deposit covering an area of approximately 340 square kilometers in Mozambique. It also holds 100% interests in 15 exploration licenses covering emeralds, rubies, sapphires, tourmalines, and garnets in the Antananarivo, Fianarantsoa, and Toliara provinces of Madagascar; and holds a 50% interest in the Kariba amethyst mine in Zambia. In addition, the company is involved in the sale of cut and polished gemstones; provision of marketing, technical, and administrative services; retail and promotion of the Fabergé collection of jewelry and watches; and gemstone auction and marketing activities. Gemfields plc was founded in 2005 and is headquartered in London, the United Kingdom.

980 Employees
Last Reported Date: 09/19/14
Founded in 2005

gemfields plc (G8R) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $1.2M
Group Chief Operating Officer and Executive D...
Total Annual Compensation: $944.0K
Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

gemfields plc (G8R) Key Developments

Gemfields Discovers Exceptional 40.23 Carat Rough Ruby at Montepuez Ruby Deposit

Gemfields has discovered a 40.23 carat rough ruby, believed to be one of the most important rubies unearthed in recent times. The gemstone will set a new benchmark for the quality of African rubies and endorses the Montepuez deposit in Mozambique as the world's most significant deposit presently in development. At 340 square kilometers, Montepuez is the large ruby mining concession in private hands in the world today, and has already proven to be one of the most productive of all ruby mining concessions. In keeping with Gemfields' commitment of offering complete transparency from mine to market, the company will follow this exceptional gem from the mine to its ultimate home. Given its significance, the gem has been appraised in advance of Gemfields' December ruby auction in Singapore by the Gübelin Gem Lab in Switzerland, one of the world's foremost gemological laboratories.

Gemfields plc Announces Operational Update for the Three Month Period Ending September 30, 2014

Gemfields Plc presented an operational update for the three month period ending September 30, 2014. Production of 6.3 million carats of emerald and beryl against 6.5 million carats in the quarter ending September 30, 2013. Grade of 214 carats per tonne against of 302 carats per tonne in the quarter ending September 30, 2013. The company announced approximately of 2.9 million carats of ruby and corundum were extracted during the quarter against the 2.9 million carats in the quarter ending September 30, 2013. The company announced Grade of 41 carats per tonne against of 118 carats per tonne in the quarter ending September 30, 2013.

GEM Eyes To Acquire Gemstone Mines In India

Gemfields Plc (AIM:GEM) is looking to acquire colour gemstone mines in India with focus in Odisha and Jharkhand apart from participating jointly in exploration of once familiar Kashmir sapphire in Jammu & Kashmir. "Since last four months, a business friendly wave has flown in India whereby the new government has been initiating positive changes in the mining sector. Hopes have revived for mining and mineral exploration sector in India. We are waiting for re-allocation of coal and iron ore mines which will set the roadmap for mining sector in India. Once the mining allocation dust settles down, we will begin talks with the respective state governments for colour gemstone mining leases," said Dev Shetty, Chief Operating Office of Gemfields plc. "While no confirm data are available from the government, we await a favourable mining policy to take a final decision on investments and potential of colour gemstones mining in India. We acquired a ruby mine in Mozambique about 2 years ago and have already conducted one auction which fetched us $34 million. So, our cost of acquisition, exploration, operation and all others recovered from just one auction. We are looking for somewhat similar opportunity in India as well," said Shetty. "We will continue to support the colour gemstone industry through various marketing initiatives and are presently conducting a survey of 20,000 women seeking their opinion on colour gemstones and also understand if there is an opportunity to launch a colour gemstone brand / collection. Apart from that, we want to enter into Chinese and Middle Eastern markets seeking co-branding opportunities to market and sell cut and polished emeralds, rubies and sapphire with retail partners," said Sen. According to Shetty, sapphire mine in Jammu & Kashmir currently produces negligible quantity. Similarly, ruby mine in Odisha also produces insufficient quantity to make the operation viable. Hence, once the government puts favourable policy in place, Gemfields will consider the acquisition of the mines.

 

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Valuation G8R Industry Range
Price/Earnings 45.0x
Price/Sales 2.4x
Price/Book 1.6x
Price/Cash Flow 44.5x
TEV/Sales 2.4x
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