- GEMXX Corporation is unique as a jewelry maker with important Canadian mining assets, supporting its mine-to-market operations dealing in gold and the rare Ammolite gemstone
- Amid recent market fluctuations, gold continues to maintain a strategic profile as an investment safe haven, with consumption continuing at a historic pace
- GEMXX is riding high on recent “explosive” revenue growth and a no long-term debt position, looking forward to fulfilling select goals to improve its overall production, uplisting to a major exchange and aggressively seeking out strategic acquisitions to add revenue and / or reduce its costs
- A new NetworkNewsAudio News Podcast and a corresponding news editorial highlight the company’s competitiveness against other players in the precious metals sector
The World Gold Council (“WGC”) recently reported that global gold demand slipped in year-over-year purchase totals from last year’s Q3 record highs, but central bank consumption continues at a “historic pace” and when over-the-counter (“OTC”) purchases plus stock flows are added into the equation, demand was actually up 6 percent over the corresponding 2022 period, according to Forbes (https://ibn.fm/hZJgz).
The report shows gold continues to maintain its strategic investment benefit as a safe haven that provides stability during uncertain economic times. GEMXX (OTC: GEMZ) has enjoyed significant growth during the recent conditions, “exploding past startup phase and achieving global growth in mere months” as it seeks to leverage a vertically integrated mine-to-market position, as an enterprise that specializes in producing gold and gemstone jewelry from its own land resources (https://ibn.fm/I4dsx).
“We have made considerable strides in the past year and continue to post positive net revenues,” GEMXX CEO Jay Maull stated in and Aug. 24 company news release (https://ibn.fm/chK2W). “We have also reduced our total long-term liabilities to $0.00, which is a remarkable achievement. One that tangibly reinforces our ambitious commitment to building strategic partnerships, the pursuit of smart growth and expansion plans, introduction of new complementary product lines, and our focus on increasing shareholder value.”
GEMXX was recently featured in a NetworkNewsAudio News Podcast and a corresponding news editorial highlighting the company’s competitiveness against other players in the precious metals sector (https://ibn.fm/N6Bpk).
The company reported a “whopping” 170 percent YOY increase in annual revenues for the fiscal year ending in 2022, the editorials state, it has no long-term debt, and is adding owned assets to its balance sheet after the inferred value of the gold at the company’s Snow Creek and Rosella Creek mines in British Columbia, Canada, has been confirmed by Aurora Geosciences.
“For the balance of 2023 and into 2024, the Company is focused on expansion and adding shareholder value. That means more acquisitions, more mine production and more revenues,” GEMXX states in an Oct. 31 news release (https://ibn.fm/UDMUf).
Its targets for the coming year include completing its planned 50 percent acquisition of the Yukon Gold Project in Canada’s Yukon Territory with 2.2 million ounces of proven gold resources and the potential for a yield of up to 4 million ounces; launching a pilot mine on the Yukon site; bringing its Ammolite gem mine in Alberta into full production; upscaling the Snow Creek operation and moving its test plant to Rosella Creek; completing S-K 1300-compliant resource reports on already owned assets; and completing audits for the OTCQX exchange in preparation for uplisting to the New York Stock Exchange or NASDAQ.
“We look forward to updating shareholders as each milestone … is met. Everything the company has planned is focused on driving shareholder value,” Maull stated in the news release.
GEMXX is the only publicly traded Ammolite gemstone company in the world and is led by an executive team with over 160 years of combined experience. That experience allowed the company to double its production volume to meet demand during the pandemic, continuing to grow its operations while remaining cash flow positive.
For more information, visit the company’s website at www.GEMXX.com.
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
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