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Precious stone co's beat expectations

Gemfields’ net income for the 2016 fiscal year to June 30 has beaten expectations by almost 30% as the company continues to push forward with expansions at its two key operations, Kagem (emeralds, Zambia) and Montepuez (rubies, Mozambique).

Precious stone co's beat expectations Precious stone co's beat expectations Precious stone co's beat expectations Precious stone co's beat expectations Precious stone co's beat expectations

Construction work at Liqhobgon nears completion

Revenue came in at US$193 million, in line with expectations, though EBITDA at US$69 million was slightly down as a 7% beat on cash costs was eclipsed by a 20% hike in royalties and higher than

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