Aug 28th 2012 - Edison Investment Research today published a report on Gemfields (GEM.L, LSE:GEM, LON:GEM) entitled "Production Growth". In summary, the report says:
Gemfields reported strong production growth for the quarter ending 30 June 2012. Ore output was almost double the previous quarter. Although grade was down, gemstone production was significantly higher (7.3Mct vs 4.9Mct) and the company expects to continue to deliver increasing volumes.At end June 2012,net cash was US$33.8m. Gemfields notes that demand for ethical emeralds continues to remain firm across all major markets and appetite for high quality emerald roughs will be tested at the next auction, now scheduled around the end of October 2012.
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