Duyuru • Apr 30
Gemfields Group Limited, Annual General Meeting, Jun 23, 2026 Gemfields Group Limited, Annual General Meeting, Jun 23, 2026. Location: 123 victoria street, westminster, sw1e 6de, london United Kingdom Duyuru • Apr 10
Gemfields Releases Updated 'G-Factor for Natural Resources' Figures to 31 December 2025 Gemfields confirmed its 'G-Factor for Natural Resources' figures for the Kagem emerald mine in Zambia and Montepuez Ruby Mining in Mozambique, which now stand at 17% and 26% respectively for the 10-year period from 2016 through 2025. The 'G-Factor for Natural Resources' reveals the percentage of natural resource revenue paid to the government of the host country in the form of mineral royalties, corporation tax and, where the relevant government is a shareholder, dividends. First announced in 2021, Gemfields shares its 'G-Factor for Natural Resources' annually in an effort to promote greater transparency and accountability regarding the level of natural resource wealth shared with the host country's government, whether that value originates from the mining, oil, gas, timber or fishing sectors. It is also an indicator of the efficiency of natural resources companies in converting those natural resources into funds for the host government. In Mozambique, Montepuez Ruby Mining paid 23% of its revenue to the Government of Mozambique in 2025. Although total cash payments were lower than in prior years - reflecting reduced premium-ruby output, the postponed December ruby auction and illegal-mining intrusions - the proportional fiscal contribution remained strong. At Kagem in Zambia, the one-year G-Factor for Natural Resources was just 6% for 2025, far below its long-term average. This reflects the halt in mining operations at Kagem from January through April 2025 as a result of competitor actions in the market and the temporary 15% export tax on precious gemstones, which was lifted by March 2025. With operations restarted and market conditions improving, it expect Kagem's G-Factor to trend back toward its long-term average of around 18%. Duyuru • Mar 25
Gemfields Group Limited Provides Earnings Guidance for the Year Ended 31 December 2025 Gemfields Group Limited provided earnings guidance for the year ended 31 December 2025. For the period, Loss per share for the year ended 31 December 2025 is expected to be USDc 2.6 (2024: Loss per share - USDc 7.0). In ZAR terms, the loss per share is expected to be ZARc 40.0 (2024: Loss per share - ZARc 129.0) improved 69.0% on prior year. Headline loss per share is expected to be USDc 1.3 (2024: Headline loss per share - USDc 2.1). In ZAR terms, headline loss per share is expected to be ZARc 21.6 (2024: Headline loss per share - ZARc 39.1) improved 44.8% on prior year. Duyuru • Jan 30
Gemfields Group Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Gemfields Group Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Duyuru • Aug 12
SMG Capital LLC signed an agreement to acquire Faberge (Uk) Limited from Gemfields Group Limited (JSE:GML) for $50 million. SMG Capital LLC signed an agreement to acquire Faberge (Uk) Limited from Gemfields Group Limited (JSE:GML) for $50 million on August 11, 2025. Of that sum, $45 million is payable to Gemfields by the Buyer on completion of the sale.The remaining $5 million is payable to Gemfields by the Buyer by way of quarterly royalty payments at a rate of 8% of Fabergé’s revenue. For the period ending December 31, 2024, Faberge (Uk) Limited reported net loss of $11.3 million. As of December 31, 2024, Faberge (Uk) Limited reported total common equity of $50.4 million. The sale is not subject to shareholder approval. The sale is not expected to be subject to regulatory or any other approval processes. The transaction is expected to close on August 28, 2025.
Michel Dyens & Co. acted as financial advisor, DWF Law LLP acted as legal advisor for Gemfields Group Limited. DLA Piper UK LLP acted as legal advisor for SMG Capital LLC. Duyuru • Jul 31
Gemfields Group Limited to Report First Half, 2025 Results on Sep 26, 2025 Gemfields Group Limited announced that they will report first half, 2025 results on Sep 26, 2025 Duyuru • Jun 25
Gemfields Group Limited Appoints Louis Du Preez, as Non-Executive Director Gemfields Group Limited at its AGM held on June 25, 2025 approved appointment of Louis du Preez, as a Non-Executive Director of the Company. Louis is a representative of Rational Expectations (Pty) Ltd, per the disclosures in the Company's recent Prospectus published on 20 May 2025. Louis Du Preez Qualified as an Attorney of the High Court of South Africa in 1997 After Completing His Articles. an Accomplished Legal and Corporate Executive, He Has Extensive Experience in Corporate Governance, Commercial Strategy and Cross-Border Transactions. Mr. Du Preez Became A Partner At Jan S De Villiers in 1998. Following the Firm's Merger with Werksmans Attorneys in 2009, He Served on the National Executive Committee, Playing A Pivotal Role in Shaping the Firm's Strategic Direction Until 2017. Mr. Du Preez Has Held Multiple Board Positions Across A Number of Organisations. Mr. Du Preez Was Appointed as A Non-Executive Director At Kap Industrial Holdings Limited in 2017 (And Resigned in 2019) and as Director At Pepkor Holdings Limited in 2018 (A Directorship He Still Holds). in 2017, Mr. Du Preez Joined Steinhoff International (Now Ibex Holdings) as General Counsel, Progressing to Commercial Director in December 2017 Before Being Appointed Group CEO Effective 1 January 2019. He Currently Still Fulfils the Role of Group CEO of Ibex Holdings. with A Deep Understanding of Corporate Restructuring, Financial Oversight and Strategic Decision-Making, Mr. Du Preez Continues to Contribute His Expertise At All Levels of Business Leadership. Mr. Du Preez Is A South African Citizen. Louis Du Preez Has Been Involved in the Senior Management of the Steinhoff Group (Now Ibex Group) Since December 2017, After the Public Announcement of the Accounting Irregularities on 5 December 2017. A Number of Entities Within the Steinhoff Group Have Undergone A Number of Restructuring Processes in Various Jurisdictions Since Then Including the Netherlands, United Kingdom and South Africa. These Include (I) Company Voluntary Arrangements (Cvas) of Steinhoff Europe Ag and Steinhoff Finance Holding Gmbh in 2018-2019 in the United Kingdom, (Ii) A Suspension of Payment of Steinhoff International Holdings N.V. in 2021 in the Netherlands, (Iii) A Section 155 Scheme of Arrangement of Sihpl (Pty) Ltd. in South Africa in 2022, and (Iv) A Wet Homologatie Onderhands Akkoord (Whoa) Process of Steinhoff International Holdings N.V. in Mid 2023 in the Netherlands Which Resulted in the Formation of the New Ibex Group and the Ultimate Liquidation on A Voluntary Basis of Steinhoff International Holdings N.V. in the Second Half of 2023 in the Netherlands. Blue Group Hold Co Limited, Which Louis Was A Director from 10 June 2019 Until 14 November 2019, Entered Administration on 30 June 2020 Following A Period of Significant Financial Distress Worsened by Trading Underperformance and the Onset of the Covid-19 Pandemic. the Administration Concluded on 4 July 2022. Despite the Successful Asset Sale and Partial Recovery for the Secured Creditor-Estimated Between 61% to 69%, Blue Group Hold Co Limited Itself Had No Realisable Assets and Reported an Estimated Deficiency of Gbp 42.7 Million to Unsecured Creditors. with No Dividend Expected for Unsecured Creditors, the Company Was Dissolved on 4 October 2022 Following the Completion of Statutory Duties and Final Reporting. Louis (Aged 56) Does Not Hold Any Legal or Beneficial Direct or Indirect Interest in the Ordinary Shares of the Company. Duyuru • Jun 13
Gemfields Group Limited has completed a Follow-on Equity Offering in the amount of ZAR 594.358949 million. Gemfields Group Limited has completed a Follow-on Equity Offering in the amount of ZAR 594.358949 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 556,203,396
Price\Range: ZAR 1.0686
Discount Per Security: ZAR 0.021372
Transaction Features: Rights Offering Duyuru • May 01
Gemfields Group Limited, Annual General Meeting, Jun 25, 2025 Gemfields Group Limited, Annual General Meeting, Jun 25, 2025. Location: 123 victoria street, westminster, sw1e 6de, london United Kingdom Duyuru • Apr 11
Gemfields Group Limited to Report Fiscal Year 2024 Final Results on Apr 11, 2025 Gemfields Group Limited announced that they will report fiscal year 2024 final results at 8:30 AM, South Africa Standard Time on Apr 11, 2025 Duyuru • Jan 31
Gemfields Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Gemfields Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Sep 29
First half 2024 earnings released: EPS: US$0.006 (vs US$0.008 in 1H 2023) First half 2024 results: EPS: US$0.006 (down from US$0.008 in 1H 2023). Revenue: US$128.0m (down 17% from 1H 2023). Net income: US$7.35m (down 25% from 1H 2023). Profit margin: 5.7% (down from 6.4% in 1H 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Aug 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Duyuru • Jul 26
Gemfields Group Limited to Report First Half, 2024 Results on Sep 27, 2024 Gemfields Group Limited announced that they will report first half, 2024 results on Sep 27, 2024 Buy Or Sell Opportunity • Jul 01
Now 1.7% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to €0.13. The fair value is estimated to be €0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued Over the last 90 days, the stock has fallen 4.3% to €0.13. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Jun 13
Gemfields Group Limited Announces Board Changes, Effective on 1 July 2024 Gemfields Group Limited announced changes to the Board of Gemfields, due to take effect on 1 July 2024, following a broad search for both a new Chair and Non-Executive Directors. Appointment of Bruce Cleaver as Chair and Independent Non-Executive Director. Bruce Cleaver will join Gemfields' Board as Chair and Independent Non-Executive Director on 1 July 2024. Bruce will also become Chair of the Nomination Committee. Bruce's reputation as a preeminent leader is well documented and he brings considerable experience of mining gemstones in Africa and marketing them internationally. Bruce was previously Chief Executive Officer and Co-Chair of De Beers Group, the world's leading diamond company. Appointment of Simon Scott as Independent Non-Executive Director. Simon Scott will join Gemfields' Board as Independent Non-Executive Director on 1 July 2024. Simon will join the Audit Committee and the Nomination Committee and will also Chair the Risk Council. Simon has had an illustrious career with extensive experience on public company boards in both executive and non-executive roles during a long career in mining and finance. Simon was previously Chief Financial Officer of Lonmin plc, the LSE listed platinum miner and is a non-executive director of First Quantum Minerals Ltd. and Sylvania Platinum Ltd. Appointment of Kieran Daly as Non-Executive Director, Kieran Daly will join Gemfields' Board as Non-Executive Director on 1 July 2024. Kieran Daly is currently an alternate director to Patrick Sacco on the Gemfields Board. His disclosures under Schedule 2 (g) of the AIM Rules for Companies were included in his appointment announcement as an alternative director in November 2021. Kieran is Managing Director of Assore International Holdings (which holds a 29.2% holding in Gemfields Group Limited and therefore he is not deemed independent) and, Executive: Growth & Strategic Development at Assore Holdings. Kieran has significant experience in mining across various geographies and commodities and holds board-level roles in other mining companies including at Atlantic Lithium Ltd. Resignation of Martin Tolcher, Lumkile Mondi and Carel Malan, In Gemfields' 2023 Notice of AGM, Martin Tolcher, Gemfields' Chair, and Lumkile Mondi, Lead Independent Non-Executive Director, informed shareholders that they had entered their final terms in office on the Board and intended to ensure a smooth transition. Martin and Lumkile resign from Gemfields' Board with effect from 1 July 2024 to allow the appointment of the new Chair and Non-Executive Directors. Carel Malan also resigns from Gemfields' Board with effect from 1 July 2024 in order to focus on his now permanent role at Ore & Metal Company Ltd, a 100% subsidiary of Assore Holdings. Martin, Lumkile and Carel have all provided invaluable contributions to the Company during their respective tenures on Gemfields' Board. Gemfields will formally thank them for their service at the upcoming AGM on 25 June 2024. Other Board changes: Kwape Mmela, Gemfields' Independent Non-Executive Director, Chair of the Remuneration Committee and a member of the Nomination Committee, will become Lead Independent Non-Executive Director and join the Audit Committee with effect from 1 July 2024. New directors' current and previous (held within the past five years) Board appointments: Bruce Cleaver - Directorships to disclose: Grantley House (Kent) Limited, Current; Vergelegen Wines (Pty) Ltd, Current; DBCM Holdings (Pty) Ltd, Former; De Beers Group, Former; De Beers PLC, Former; Debswana Diamond Company Proprietary Limited, Former; Element Six Abrasives Holdings Limited, Former; Element Six Holdings Limited, Former; Help2read, Former; Namdeb Holdings (Pty) Limited, Former; Simon Scott - Directorships to disclose: First Quantum Minerals Limited, Current; Sylvania Platinum Limited, Current; Anglogold Ashanti Holdings PLC, Former. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Duyuru • Jun 08
Gemfields Group Limited Releases Maiden Inferred Mineral Resource Estimate for Target Area 5 and an Independent Technical Report on the 2022/2023 Exploration Programme At Its Gold Exploration Project in Cabo Delgado, Northern Mozambique Gemfields Group Limited release a Maiden Inferred Mineral Resource Estimate for Target Area 5 ("TL5") and an Independent Technical Report ("ITR") on the 2022/2023 Exploration Programme at its gold exploration project in Cabo Delgado, northern Mozambique. The project is housed within Nairoto Resources Limitada ("Nairoto") which is 75% owned by Gemfields and the analysis was conducted by SRK Exploration Limited ("SRK EX") with the Inferred Mineral Estimate declared in line with the JORC Code (2012). Nairoto - Maiden Inferred Mineral Resource Estimate results (TL5 Prospect Area): 1.58 million tonnes of mineralised rock with a gold grade of 2.02 gram per tonne ("g/t") based on a `Low Scenario' basis, resulting in 103 thousand ounces ("koz") of gold, The Mineral Resource is primary mineralisation, and not part of the soil horizon, and requires professional mining and metallurgical processing rather than an artisanal or `dig and pan' approach for the recovery of gold, Inferred Mineral Estimate relates only to the TL5 Prospect Area, covering less than 0.1 square kilometres of the full 1,957 square kilometre licence area, Results are based on 20 Reverse Circulation ("RC") drillholes totaling 1,464 metres. SRK EX have identified 18 priority target locations, covering a 115 square kilometre area, based on the results of extensive regional soil sampling in conjunction with available geological and geophysical information. Nairoto intends to prioritise exploration in these target areas. Nairoto is a joint venture between Gemfields (75%) and Mwiriti Lda (25%), the Group's existing partner in Montepuez Ruby Mine ("MRM"). Nairoto became fully functional in January 2020. Nairoto is the beneficial owner of 12 licences located about 30 kilometres to the north of the MRM concession, covering an area of 1,957 square kilometres. The licences hold exploration potential for gold (both primary and secondary) as well as ruby and allied minerals through a blend of prospecting and mining licences. Nairoto requested SRK EX to undertake a review of its 2022/2023 exploration programme and advise on the Mineral Assets of the 12 licences. SKR EX was also requested to review the geological and exploration data for TL5 Prospect on Mining Concession 9783C and which has resulted in the declaration of a maiden Inferred Mineral Resource Estimate. Mining Concession 9783C has a current expiry date of June 2044. Upcoming Dividend • May 29
Upcoming dividend of R0.16 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 24 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.6%). Reported Earnings • Mar 26
Full year 2023 earnings released: US$0.008 loss per share (vs US$0.048 profit in FY 2022) Full year 2023 results: US$0.008 loss per share (down from US$0.048 profit in FY 2022). Revenue: US$262.0m (down 23% from FY 2022). Net loss: US$10.1m (down 118% from profit in FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 25
Gemfields Group Limited, Annual General Meeting, Jun 25, 2024 Gemfields Group Limited, Annual General Meeting, Jun 25, 2024. Duyuru • Mar 23
Gemfields Group Limited Provides Earnings Guidance for the Year Ended 31 December 2023 Gemfields Group Limited provided earnings guidance for the year ended 31 December 2023. Loss per share is expected to be USD c 0.8 for the year (2022: Earnings per share - USD c 4.8). In ZAR terms, the loss per share is expected to be ZAR c 15.4 (2022: Earnings per share - ZAR c 78.3). Duyuru • Mar 22
Gemfields Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Gemfields Group Limited announced that they will report fiscal year 2023 results at 9:00 AM, South Africa Standard Time on Mar 25, 2024 Buy Or Sell Opportunity • Feb 28
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to €0.13. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. Buy Or Sell Opportunity • Feb 21
Now 21% overvalued Over the last 90 days, the stock has fallen 6.3% to €0.14. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.8% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Cash payout ratio: 149% Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.7% net profit margin). Reported Earnings • Sep 24
First half 2023 earnings released: EPS: US$0.008 (vs US$0.037 in 1H 2022) First half 2023 results: EPS: US$0.008 (down from US$0.037 in 1H 2022). Revenue: US$153.6m (down 21% from 1H 2022). Net income: US$9.86m (down 77% from 1H 2022). Profit margin: 6.4% (down from 23% in 1H 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 15
Gemfields Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Gemfields Group Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company’s net profit after tax is expected to be ZAR 334 million (comparative period: ZAR 864 million). Earnings per share is expected to be 14.9 cents (comparative period: 57.1 cents). Duyuru • Sep 14
Gemfields Group Limited to Report First Half, 2023 Results on Sep 22, 2023 Gemfields Group Limited announced that they will report first half, 2023 results on Sep 22, 2023 New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 40% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Buying Opportunity • Jul 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 79%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is also forecast to decline by 39% per annum over the same time period. Recent Insider Transactions • May 25
Insider recently sold €389k worth of stock On the 17th of May, C. Suresh sold around 2m shares on-market at roughly €0.17 per share. This transaction amounted to 96% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Apr 18
Upcoming dividend of R0.53 per share at 26% yield Eligible shareholders must have bought the stock before 25 April 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 26%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (8.2%). Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: US$0.048 (vs US$0.043 in FY 2021) Full year 2022 results: EPS: US$0.048 (up from US$0.043 in FY 2021). Revenue: US$341.1m (up 32% from FY 2021). Net income: US$56.8m (up 12% from FY 2021). Profit margin: 17% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 12
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 19 October 2022. Payment date: 04 November 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of German dividend payers (5.3%). Lower than average of industry peers (10%). Reported Earnings • Sep 30
First half 2022 earnings released: EPS: US$0.03 (vs US$0.016 in 1H 2021) First half 2022 results: EPS: US$0.03 (up from US$0.016 in 1H 2021). Revenue: US$193.2m (up 99% from 1H 2021). Net income: US$43.5m (up 128% from 1H 2021). Profit margin: 23% (up from 20% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Duyuru • Sep 29
Gemfields Group Limited Declares Dividend for the Six Month Period to June 30 2022, Payable on 4 November 2022 Gemfields Group Limited announced that a Dividend of USD 15 million, or 1.266 cents per ordinary share, for the six month period to June 30 2022 has been declared out of income reserves. The number of ordinary shares in issue at the date of declaration is 1,184,803,777 shares. The dividend will Payable on 4 November 2022 and record date for participation in the Dividend is 21 October, 2022. Duyuru • Sep 26
Gemfields Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Gemfields Group Limited provided earnings guidance for the six months ended 30 June 2022. Earnings per share is expected to be 3.0 USD cents for the six months ended 30 June 2022 comparative period: 2.0 USD cents). In ZAR terms, the earnings per share is expected to be ZAR 0.56 (comparative period: ZAR 0.24). Buying Opportunity • Sep 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.4%. The fair value is estimated to be €0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in a year. Earnings is forecast to decline by 45% in the next year. Duyuru • Jul 28
Gemfields Group Limited to Report First Half, 2022 Results on Sep 22, 2022 Gemfields Group Limited announced that they will report first half, 2022 results on Sep 22, 2022 Duyuru • Jul 01
Gemfields Group Limited Announces Resignation of Carel Malan as Non-Executive Director, Effective from December 31, 2022 Gemfields Group Limited announced that Mr. Carel Malan tendered his resignation as a Non-Executive Director of the Company on June 29, 2022, with such resignation to take effect from latest December 31, 2022. Recent Insider Transactions • May 29
Insider recently sold €554k worth of stock On the 24th of May, Kartikeya Parikshya sold around 3m shares on-market at roughly €0.19 per share. In the last 3 months, there was an even bigger sale from another insider worth €675k. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Recent Insider Transactions • May 13
Insider recently sold €675k worth of stock On the 10th of May, C. Suresh sold around 3m shares on-market at roughly €0.19 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Apr 19
Gemfields Group Limited, Annual General Meeting, Jun 29, 2022 Gemfields Group Limited, Annual General Meeting, Jun 29, 2022, at 09:00 Coordinated Universal Time. Location: at 1 Cathedral Piazza, London, SW1E 5BP London United Kingdom Duyuru • Dec 11
Gemfields Group Limited Announces Ruby Auction Results Gemfields Group Limited announced the results of a ruby auction comprised of seven sequential mini-auctions held during the period 8 November - 9 December 2021. The auction delivered an all-time high for MRM ruby auctions and contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada's ("MRM") auctions of mixed quality rubies. Selected lots were made available for in-person and private viewings by customers in Bangkok, Dubai and Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process. The rough rubies were all extracted from the mining licence held and operated by MRM (which is 75% owned by Gemfields and 25% by Mozambican partner Mwiriti Limitada). Highlights - November & December 2021 Ruby Auction: Total auction revenues of USD 88.4 million, an all-time high for MRM ruby auctions; Average price of USD 132.47 per carat; Of the 107 lots offered, 104 were sold (97%); 98% of the carats offered at the auction were sold; the 15 auctions of MRM gemstones held since June 2014 have generated USD 731.5 million in total revenues; and Gemfields' annual gemstone auction revenues reach an all-time high of USD 239.6 million (across emeralds and rubies), with the prior record having been USD 200.6 million in 2019. The auction saw 49 companies placing bids and generating revenues of USD 88.4 million with an overall average value of USD 132.47 per carat. The auction saw 97% of the number of lots, and 98% of the offered carats, being sold. Gemfields' annual gemstone auction revenue reached of USD 239.6 million in 2021, the prior record having been USD 200.6 million in 2019). Duyuru • Mar 26
Gemfields Group Limited Provides Earnings Guidance for the Year Ended December 31, 2020 Gemfields Group Limited provided earnings guidance for the year ended December 31, 2020. For the year, the company net loss after tax will be USD 93.2 million for the year ended 31 December 2020 compared to a net profit after tax of USD 39.1 million for the comparative period. In ZAR terms, the net loss after tax is expected to be ZAR 1,535 million (ZAR 565 million net profit after tax for the comparative period). Loss per share is expected to be 7.0 cents for the year ended 31 December 2020 compared to earnings per share of 2.0 cents for the comparative period. In ZAR terms, the loss per share is expected to be ZAR 1.20 (ZAR 0.32 earnings per share for the comparative period). Duyuru • Mar 04
Gemfields Group Limited Announces the Mining Operations for the First Half of 2021 Gemfields Group Limited provided an update regarding its mining operations and planned auction programme for the first half of 2021. Gemfields announced that both its 75% owned Kagem Mining Limited ("Kagem") emerald mine and 75% owned Montepuez Ruby Mining Limitada ("MRM") ruby mine are set to restart production in a phased manner during March 2021, with mining operations ramping up to full-scale by the end of April 2021. It is expected that MRM's treatment plant and sorting house - which have already restarted - will reach full capacity by the end of March 2021, while the washing plant at Kagem is projected to restart in mid-March 2021. Duyuru • Jan 05
Gemfields Group Limited, Annual General Meeting, Jun 24, 2021 Gemfields Group Limited, Annual General Meeting, Jun 24, 2021. Agenda: To consider the proposed amendments to the articles will therefore be put forward for shareholder approval. Duyuru • Dec 05
Gemfields Group Limited Appoints Mary Reilly to Board as an Independent Non- Executive Director Gemfields Group Limited announced that Mary Reilly will join the Board as an independent non- executive director with immediate effect. Mary also joins Gemfields' Audit Committee in place of its Non-Executive Chairman, Martin Tolcher. Mary has over thirty years of international experience as a chartered accountant and non-executive director, working across a variety of sectors including luxury retail, mining, manufacturing, business
services, sports, travel and media. With a particular interest in dynamic consumer-facing businesses, she is experienced at chairing boards, audit and risk committees. Duyuru • Aug 07
Rational Expectations (Pty) Ltd acquired an additional stake in Gemfields Group Limited (JSE:GML) Rational Expectations (Pty) Ltd acquired an additional stake in Gemfields Group Limited (JSE:GML) on August 5, 2020. As a result of the transaction, Rational Expectations (Pty) Ltd and related parties acquired a beneficial interest in the ordinary shares of the Gemfields Group Limited , such that the total beneficial interest in ordinary shares of the company held by Rational Expectations (Pty) Ltd is now 7.05% of the total issued shares of the Gemfields Group Limited. Following the acquisition, Rational Expectations (Pty) Ltd held a total of 82,371,221 ordinary shares in the Gemfields Group Limited. Chris Raggett, Tim Redfern and Edward Whiley of FinnCap Ltd. acted as financial advisors to Gemfields Group Limited.
Rational Expectations (Pty) Ltd completed the acquisition of an additional stake in Gemfields Group Limited (JSE:GML) on August 5, 2020. 
