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Gold and Gemstone Mining Inc. (GGSM) is a mining and metals company with its headquarters located in Irving, Texas. The company also operates a subsidiary in Mexico under the name Gold and Gemstone Mining de México S de RL de CV, which is situated in Culiacán, Sinaloa.
Specializing in the mining sector, GGSM has expanded its operations to include the charter boat business, focusing on adventure tourism. Recently, the company acquired a new vessel named Saranya, a 10-passenger, 4-crew member liveaboard yacht. This acquisition aims to meet the growing consumer demand for ocean expeditions and cruise vacations. The Saranya is fully equipped with comfortable accommodations and long-range capabilities, allowing it to deliver clients to numerous requested locations along the archipelago.
GGSM's fleet also includes the Kuda Laut, a charter vessel renowned for its surfing expeditions to the Mentawai Islands and other famous surfing destinations like Telos, Nias, and the Banyak Islands. The Kuda Laut has been servicing these areas for over 25 seasons, offering unparalleled experiences at renowned surfing spots like Rifles, No Kandui, and Lances Right.
Under the leadership of CEO Rudi Khelces, the company is strategically positioned to optimize capacity and growth in key markets. The recent acquisitions and expansion into the tourism sector reflect GGSM's commitment to solid revenue performance and long-term potential double-digit sales increases.
GGSM is publicly traded on the OTC market under the symbol 'GGSM'. For investor relations, more information can be obtained by visiting their official website at ggsmglobal.com or contacting them via email at info@ggsmining.com. Both North America toll-free and New York local phone numbers are available for direct inquiries.
Gold and Gemstone Mining (GGSM) reported record revenue of $8.6 million for the nine months ending September 30, 2024, marking a substantial increase of $5.6 million compared to 2023's total revenues. The company attributes this growth to strategic acquisitions and successful integration of new assets, particularly in recreational activities in the Mentawai Islands. Additionally, GGSM announced the appointment of Todd Noble as President and Board Member, bringing 20 years of experience in driving business financial growth to help shape the company's future in 2025.
GGSM Corporation has announced the early completion and opening of Stage 1 of its environmentally friendly Nasara resort in the Mentawai Islands, designed as a premier recreational destination with reliable surfing conditions year-round. CEO Rudi Khelces highlighted that this resort aims to become a cornerstone of tourism, featuring a planned construction of a 37-villa facility, targeting a 4.5-star rating to attract both locals and tourists. This development reflects GGSM's strategic growth in the tourism sector.
Gold and GemStone Mining, Inc. (OTC: GGSM) announced the acquisition of the luxury vessel Maki to enhance its service capabilities in the Mentawai Islands. The 105-foot vessel features five cabins, luxury amenities, and aims to attract high-end clients, complementing the existing fleet. The company is also assessing additional acquisitions to expand its charter services and capitalize on increasing tourism in the area. This strategic move is expected to drive revenue growth and enhance the company's market presence, particularly in the surf tourism sector.
Gold and Gemstone Mining, Inc. (OTC Markets: GGSM) has announced new government contracts and increased operations for its Cargo Boat Murni in Sumatra, capable of transporting over 200 tons of construction materials. The Indonesian construction sector is projected to grow at 7-8% per year, with an estimated IDR 157.47 trillion (USD 10.97 billion) in construction value for 2022. The company aims to haul materials for the Seven Palms and Nasara Resorts, capitalizing on the growing demand for building in the region.
Gold and GemStone Mining, Inc. (OTC: GGSM) reported a significant growth in its 2022 annual revenues, achieving a net income increase of 2440.66% to $3,906,273, up from $153,750 in the previous year. Total assets surged 1826.26% to $4,331,671. The company cites successful strategic initiatives, including a Share Exchange Agreement with PT. Surf All Day, contributing to a solid base of recurring revenue. GGSM anticipates continued growth with the reopening of global travel and focuses on expanding its charter services.
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