[miningmx.com] – GEMFIELDS, the UK-listed precious stones miner and marketer, said it generated record auction revenues of $36.5m in its latest Zambia-based auction, the fourth of its financial year which ends on June 30.
The financial year-to-date auction revenues, which includes one auction of traded material, stands at $92.9m which the company’s CEO, Ian Harebottle, said represented its best ever performance.
“This means we have, with four months and two further auctions remaining in this financial year (including our inaugural auction of rough rubies and corundum from Montepuez in Mozambique), already beaten Gemfields’ best ever revenue year,” said Harebottle in a statement today.
Stones auctioned in Lusaka, which was from February 21 to 25, included mainly higher quality rough emerald and beryl.
Pallinghurst Resources, the JSE-listed investment house, has a 64% stake in the Gemfields consortium.
