Aankondiging • Jun 04
Gem Diamonds Limited Announces Board and Committee Changes Gem Diamonds Limited announced the appointment of Mr. Mike Brown as Non-Executive Chair of the Board, with effect from the conclusion of the Annual General Meeting on June 3, 2026. Mike Brown succeeded Mr. Harry Kenyon-Slaney who stepped down from the role of Chair following completion of his nine-year tenure. The Nomination Committee carefully assessed the leadership requirements and size of the Board in the context of the current environment in which the Company operates. Mike Brown has over 40 years' experience in the resources industry in operational, senior management and director roles, of which 30 years have been spent in the diamond sector. Since joining the Board in 2018, Mike Brown has developed a detailed understanding of the Company's business, strategic priorities and the challenges facing the industry. Through his service on the Board, he has also gained valuable insight into the historical and future operational aspects at Letšeng and the high-value and high-quality diamond production for which the mine is renowned. Mike Brown has served as Non-Executive Director of the Company and Chair of the Sustainability Committee since joining the Board in January 2018. He has also been a member of the Audit and Nomination Committees since 2020. From June 3, 2026, Mike Brown will retire as a member of the Audit Committee and will be the Chair of the Nominations Committee. He will retain his position as Chair of the Sustainability Committee. Aankondiging • Mar 04
Gem Diamonds Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Gem Diamonds Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Aankondiging • Aug 28
Gem Diamonds Limited to Report First Half, 2025 Results on Sep 04, 2025 Gem Diamonds Limited announced that they will report first half, 2025 results on Sep 04, 2025 Aankondiging • Jul 25
Gem Diamonds Limited Revises Production Guidance for Fiscal Year 2025 Gem Diamonds Limited revised production guidance for fiscal year 2025. For the year, the company expects Waste tonnes mined of 1.8- 2.0 Mt against 5.0 - 5.5 Mt as previously announced. Ore treated of 4.9- 5.1 Mt against 4.9- 5.1 Mt previously announced. Satellite pipe ore treated of 1.2- 1.4 Mt against 0.8- 1.0 Mt as announced previously. Aankondiging • Mar 01
Gem Diamonds Limited, Annual General Meeting, Jun 04, 2025 Gem Diamonds Limited, Annual General Meeting, Jun 04, 2025. Aankondiging • Feb 28
Gem Diamonds Limited Announces Directorate Changes The Board of Gem Diamonds is pleased to announced the appointment of Janet Blas as an independent Non-Executive Director. Current Senior Independent Non-Executive Director, Michael Lynch-Bell will be retiring from the Board following his 9-year tenure and in line with UK Corporate Governance principles. Janet will join the Board with effect from 1 April 2025, following Michael's retirement on 31 March 2025. Janet will be proposed for election as a Non-Executive Director at the Company's Annual General Meeting on 4 June 2025. Janet will be appointed as Audit Committee Chair and a member of the Remuneration Committee. The Board also announced that it has appointed Rosalind Kainyah, Non-Executive Director as the Senior Independent Director and Chair of the Remuneration Committee with effect from 1 April 2025. Janet is an accomplished professional with extensive experience in the gemstone and mining industries. She holds a Certified Public Accountant qualification, complemented by a BSc in Accountancy. Janet began her career with PwC, building a solid technical foundation in financial management and audit practices. She has established herself as an effective Audit & Risk Committee Chair, demonstrating a deep understanding of governance practices in both listed and privately held mining companies. Currently, Janet holds Non-Executive board roles with Sedibelo Resources and Cornish Lithium, alongside her executive position as Chief Financial Officer and Director of Bacanora Lithium. All these companies are privately held. Her previous tenure as Chief Financial Officer at Gemfields Group has provided her with a comprehensive understanding of the complexities and strategic demands of the precious minerals sector. Janet also held a number of senior positions with ENRC Plc (August 2007 to July 2013), including a key role in ENRC's initial public offering on the Main Market of the London Stock Exchange when the company joined the FTSE 100 index. Previously, Janet was part of the Audit and Assurance Services Team at Ernst & Young LLP in London and PWC in the Philippines (2002 to 2007). Janet is recognized for her strong board governance experience, consistently implementing effective financial oversight structures. Her career has predominantly focused on the mining industry, where she has developed in-depth sector expertise across various commodities and established a proven track record leading teams across multiple jurisdictions. Additionally, she has been actively involved in integrating ESG principles into operations, emphasizing ethical mining practices, transparency, and community engagement. Aankondiging • Feb 20
Gem Diamonds Limited to Report Fiscal Year 2024 Results on Mar 13, 2025 Gem Diamonds Limited announced that they will report fiscal year 2024 results on Mar 13, 2025 Aankondiging • Sep 23
Gem Diamonds Limited Announces the Recovery of an Exceptional 212.91ct Type II White Diamond Recovered At the Letšeng Mine in Lesotho Gem Diamonds Limited announced the recovery of an exceptional 212.91ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 19 September 2024. This is the thirteenth greater than 100 carat diamond recovered in 2024. Aankondiging • Sep 11
Gem Diamonds Limited Announces Recovery of A 126.21 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a remarkable 126.21ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 6 September 2024. This is the twelfth greater than 100 carat diamond recovered in 2024. Aankondiging • Sep 05
Gem Diamonds Limited Announces Recovery of a 122.20 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a 122.20ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 01 September 2024. This is the eleventh greater than 100 carat diamond recovered in 2024. Aankondiging • Aug 20
Gem Diamonds Limited to Report First Half, 2024 Results on Aug 29, 2024 Gem Diamonds Limited announced that they will report first half, 2024 results on Aug 29, 2024 Aankondiging • Jul 02
Gem Diamonds Limited Announces Recovery of A 123.20 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a remarkable 123.20ct Type II White Diamond recovered at the Letšeng mine in Lesotho on 29 June 2024. This is the eighth greater than 100 carat diamond recovered in 2024. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 28% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (UK£14.2m market cap, or US$17.7m). Aankondiging • Apr 30
Gem Diamonds Limited Announces Recovery of A 118.74 Carat Type II White Diamond Gem Diamonds Limited announced the recovery of a 118.74ct Type II White diamond recovered at the Letseng mine in Lesotho on 28 April 2024. This is the fifth greater than 100carat diamond recovered to date on 2024. Aankondiging • Apr 28
Gem Diamonds Limited, Annual General Meeting, Jun 05, 2024 Gem Diamonds Limited, Annual General Meeting, Jun 05, 2024, at 09:00 Coordinated Universal Time. Location: Linklaters LLP, One Silk Street, London United Kingdom Agenda: To consider the Audited Accounts of the Company for the year ended 31 December 2023, together with the Directors’ Report and the Auditors’ Report thereon; to consider the Directors’ Remuneration Policy as included on pages 97 to 102 of the Annual Report for the year ended 31 December 2023; to consider the Directors’ Remuneration Report, including the Annual Report on Remuneration and the Remuneration Committee Chairperson’s statement (but excluding the Directors’ Remuneration Policy), as included in the Annual Report on pages 94 to 96 and pages 103 to 113 for the year ended 31 December 2023; and to consider other matters. Aankondiging • Apr 24
Gem Diamonds Limited Announces Recovery of A 169.15 Carat Type II White Diamond Gem Diamonds Limited announce the recovery of a 169.15ct Type II White diamond recovered at the Letšeng mine in Lesotho on 18 April 2024. This is the fourth greater than 100carat diamond recovered to date this year. Reported Earnings • Mar 15
Full year 2023 earnings released: US$0.015 loss per share (vs US$0.073 profit in FY 2022) Full year 2023 results: US$0.015 loss per share (down from US$0.073 profit in FY 2022). Revenue: US$140.3m (down 26% from FY 2022). Net loss: US$2.13m (down 121% from profit in FY 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 1.0% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 22
Gem Diamonds Limited to Report Fiscal Year 2023 Results on Mar 14, 2024 Gem Diamonds Limited announced that they will report fiscal year 2023 results on Mar 14, 2024 Aankondiging • Feb 20
Gem Diamonds Limited Announce the Recovery of A High Quality 113 Carat White Type Ii Diamond Gem Diamonds Limited announce the recovery of a high quality 113 carat white Type II diamond, recovered at the Letšeng mine in Lesotho on 17 February 2024. Together with the 295 carat high quality Type II white diamond recovered on 8 January 2024 and a 139 carat low quality Boart diamond recovered on 17 January 2024, the 113 carat is the third greater than 100 carat diamond recovered to date this year. Aankondiging • Jan 11
Gem Diamonds Limited Announces Recovery of A High Quality 295 Carat White Diamond From the Letšeng Mine Gem Diamonds Limited announced the recovery of a high quality 295 carat Type II white diamond from the Letšeng mine in Lesotho. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 03
First half 2023 earnings released: US$0.007 loss per share (vs US$0.026 profit in 1H 2022) First half 2023 results: US$0.007 loss per share (down from US$0.026 profit in 1H 2022). Revenue: US$71.8m (down 28% from 1H 2022). Net loss: US$991.0k (down 126% from profit in 1H 2022). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. New Risk • Sep 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (UK£24.1m market cap, or US$30.3m). Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: US$0.073 (vs US$0.13 in FY 2021) Full year 2022 results: EPS: US$0.073 (down from US$0.13 in FY 2021). Revenue: US$188.9m (down 6.4% from FY 2021). Net income: US$10.2m (down 45% from FY 2021). Profit margin: 5.4% (down from 9.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Mar 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: US$0.034 (vs US$0.076 in 1H 2021) First half 2022 results: EPS: US$0.034 (down from US$0.076 in 1H 2021). Revenue: US$100.0m (down 4.4% from 1H 2021). Net income: US$4.83m (down 55% from 1H 2021). Profit margin: 4.8% (down from 10% in 1H 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 7.0%, compared to a 7.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be UK£0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 7.2%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 12
Upcoming dividend of US$0.027 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (9.3%). Reported Earnings • Sep 04
First half 2021 earnings released: EPS US$0.076 (vs US$0.001 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$104.5m (up 50% from 1H 2020). Net income: US$10.6m (up US$10.4m from 1H 2020). Profit margin: 10% (up from 0.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 06
Upcoming dividend of US$0.025 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 15 June 2021. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.9%). Executive Departure • May 06
Non-Executive Director has left the company On the 1st of May, Jonathan Velloza's tenure as Non-Executive Director ended after 2.8 years in the role. As of December 2020, Jonathan personally held only 45.45k shares (UK£19k worth at the time). Jonathan is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 13
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$189.6m (up 4.2% from FY 2019). Net income: US$16.9m (up 139% from FY 2019). Profit margin: 8.9% (up from 3.9% in FY 2019). The increase in margin was primarily driven by higher revenue. Production and reserves: Diamond Production: 14 kg (16 kg in FY 2019) Number of mines: 1 (1 in FY 2019) Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 16%, compared to a 22% growth forecast for the Metals and Mining industry in the United Kingdom. Is New 90 Day High Low • Mar 11
New 90-day high: UK£0.65 The company is up 57% from its price of UK£0.41 on 11 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.64 per share. Is New 90 Day High Low • Feb 26
New 90-day high: UK£0.53 The company is up 15% from its price of UK£0.47 on 27 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.42 per share. Is New 90 Day High Low • Feb 03
New 90-day high: UK£0.53 The company is up 46% from its price of UK£0.36 on 05 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.36 per share. Is New 90 Day High Low • Dec 03
New 90-day high: UK£0.48 The company is up 36% from its price of UK£0.35 on 01 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.30 per share. 
