Edition:
United States

Gem Diamonds Ltd (GEMD.L)

GEMD.L on London Stock Exchange

85.50GBp
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86.50
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Volume
86,630
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Wed, Mar 15 2017

UK's Gem Diamonds FY pretax profit nearly halves on Botswana mine impact

March 15 Gem Diamonds Ltd reported on Wednesday a 47 percent fall in its full-year pretax profit, hurt by an impairment charge after it mothballed the Ghaghoo mine in Botswana due to a fall in diamond prices.

Gem Diamonds mothballs mine in Botswana due to weak diamond market

Feb 16 Gem Diamonds Ltd said it would place its Ghaghoo mine in Botswana under care and maintenance with immediate effect due to a fall in diamond prices.

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