Gold and GemStone Mining Inc. (GGSM)
OTC PINK OTC PINK Primary Summary
GGSM Expands into Exclusive High-End Villas, Restaurants, and Hotels in Bali
Gold and Gemstone Mining enters Bali's premium market with a seven-villa luxury development and evaluates upscale restaurant and hotel opportunities to expand its Indonesia hospitality footprint GGSM is diversifying into Bali's premium real estate and hospitality market. The initial project includes seven luxury villas with an estimated $7.7M total sales target.
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Gold and GemStone Mining Inc. Profile
| Metals & Mining Industry | Materials Sector | Rafael A. Pinedo CEO | OTC PINK Exchange | 380485102 CUSIP |
| US Country | 126 Employees | - Last Dividend | 30 Apr 2012 Last Split | - IPO Date |
Overview
Gold and GemStone Mining Inc., originally known as Global GSM Solutions, Inc., rebranded itself in April 2012 to better reflect its focus on mining activities. Founded in 2008 and headquartered in Irving, Texas, the company has dedicated itself to the acquisition, exploration, and development of precious metal properties primarily in North and South America. It has also ventured into the exploration of rare earth metals. The company extends its operations by engaging in collaboration agreements, such as its joint venture with Ridgeback Mining (Sierra Leone) Limited, to explore diamond and gold properties in Sierra Leone, Africa. Holding mining claims in various regions, including British Columbia, Canada, and Sinaloa, Mexico, Gold and GemStone Mining Inc. positions itself deeply within the precious metals and rare earth minerals market.
Products and Services
- Gold and Silver Properties Exploration
- Collaborative Ventures on Diamond and Gold Properties
- Rare Earth Metals Mining
- Gringo Viejo Project
The core of Gold and GemStone Mining Inc.'s operation revolves around the acquisition, exploration, and development of gold and silver properties. By focusing on North and South America, the company taps into some of the richest mineral belts for precious metals in the world. This exploration includes seeking out new deposits, assessing the quality of found materials, and advancing the development of mining sites.
A significant part of its business model, the company's collaboration agreement with Ridgeback Mining (Sierra Leone) Limited marks its interest in joint ventures. This partnership aims at exploring three properties rich in diamonds and gold in Sierra Leone, blending local expertise with the company’s project management and exploration capabilities.
Apart from its precious metals projects, the company has staked claims in British Columbia, Canada, and Sinaloa, Mexico for the exploration and development of rare earth metals. These endeavors into rare earth metal mining illustrate the company’s strategy to diversify its mineral extraction operations, addressing the growing demand for these critical components in various high-tech applications.
Gold and GemStone Mining Inc. boasts 100% interest in the Gringo Viejo Project, encompassing 3,202 hectares located in the most esteemed gold zone in Mexico. This property represents a significant part of the company's portfolio, promising substantial gold exploration potential in a region known for its mineral wealth.
