October 12, 2023 -- InvestorsHub NewsWire --
via NetworkNewsWire
Editorial Coverage: In uncertain economic times, stability
is a rare commodity. Historically, one of
the most stable
spaces during fragile economies is gold, a highly liquid
asset that carries no credit risk and preserves its value over
time. The precious metal also benefits from diverse sources of
demand: as an
investment, a reserve asset, gold
jewelry, or a technology component. These attributes mean
gold can enhance a portfolio in three ways: delivering long-term
returns, improving diversification and providing liquidity. Many
gold mining companies, including GEMXX Corp. (OTC:
GEMZ) (Profile), are seeing significant growth and
success during the recent volatile economy. Quickly graduating past
startup phase and seeing global growth in mere months, GEMXX is now
eyeing vertical integration — a noteworthy differentiator in the
gold sector. In addition to gold, the company mines ammolite, a
gemstone similar to black opal. With colored gems sparking a hot
jewelry trend, this added offering distinguishes GEMXX from many in
the gold space. Other mining companies seeing notable success in
the gold sector include Wheaton Precious Metals Corp.
(NYSE:
WPM); McEwen Mining Inc. (NYSE:
MUX); Fortitude Gold Corp.
(OTCQB:
FTCO); and Gold
Fields (NYSE:
GFI).
- Through time, gold "has proved, over
hundreds and even thousands of years, to be a reliable store of
value."
- The pending acquisition of the Yukon
Gold Project would significantly increase GEMXX's gold asset
portfolio.
- A leading producer of high-quality
finished ammolite jewelry, GEMXX is the only publicly traded
ammolite company in the world.
- GEMXX has achieved significant
milestones recently, and the company controls each stage of its
production.
Click here to view the custom infographic of
the GEMXX editorial.
Proven Reliable 'Store of Value'
A recent "U.S. News
& World Report" article stated that "gold has proved, over
hundreds and even thousands of years, to be a reliable store of
value." The article went on to note that "whatever events happen,
gold has a robust value that stays relatively consistent over time
in terms of its purchasing power." The precious metal gold can
compete against other relatively safe investments such as the U.S.
dollar and treasuries, the article notes, but "because the Fed's
efforts to combat inflation appear to be working, gold looks
increasingly attractive compared to assets like [treasuries]."
With that in mind, the astonishing progress made
by GEMXX Corp. (OTC:
GEMZ) in the past several months may prove to be
even more significant than at first glance. In 2022, the company,
which has no long-term debt, reported a 170% increase in revenues
year over year, with assets totaling $19,215,841, an increase of
more than a $1 million. GEMXX began this year with more than 1,400
acres already in its gemstone and gold resource portfolio,
including the Snow Creek gold mine site, consisting of 498 acres
with 80% mineable, and the Rosella Creek gold mine site, consisting
of 240 acres with 90% mineable.
In September, GEMXX signed a
binding letter of intent ("LOI") to acquire an initial 50%
stake in the Yukon Gold Project, which consists of 145 full Yukon
quartz claims located in Canada's Yukon Territory. "In addition to
our Snow Creek and Rosella Creek Gold deposits, the acquisition of
the Yukon Gold Project will significantly increase the company's
gold asset portfolio," said GEMXX CEO Jay Maull. "Our plan to
derisk revenues through production of the world's most sought-after
commodity is happening fast.
"By adding up to four million ounces of gold to the company's
assets, GEMXX will increase shareholder value and provide a
long-term, stable and profitable investment for years to come,"
Maull continued. "We will not only enjoy a significant reduction in
the cost of goods for our entire gold jewelry line, but this
acquisition will bring the company closer to our goal of becoming
vertically integrated."
The Ammolite Distinction
The vertical integration GEMXX is focused on
is ammolite. Along with its $300 million in gold
reserves, GEMXX has more than $600 million in ammolite
reserves, including its 360-acre Northern Block, a proven resource,
and its 217-acre Southern Blocks, both in southern Alberta, Canada.
The only publicly traded ammolite company in the world, GEMXX is a
mine-to-market gold, gemstone and jewelry producer that specializes
in this gem-quality material that is cut from the fossilized shells
of extinct sea creatures known as ammonites. Extremely rare,
ammolite is found only along the eastern slopes of the Rocky
Mountains in Alberta, Canada — where GEMXX's ammolite reserves are
located.
Leading independent market research companies such as Data
Monitor and GIA estimate the
worldwide market for luxury or premium lifestyle products,
which include gems and jewelry, at more than $90 billion annually
and growing. Ammolite sales around the world have seen
unprecedented growth over the past 20 years. Worldwide retail sales
are now estimated to top $100 million, and with colored gems
sparking a new trend in the jewelry space, that number appears
certain to increase. The organic gemstone boasts a dazzling range
of colors and patterns and is highly desired for freeform natural
cabochons and assembled jewelry pieces; the iridescent gem could be
a top contender in the growing market.
A recent Fashionisto article reported that while diamonds are
unspeakably timeless, they are losing their popularity to colored
gemstones. "Diamonds have dominated the markets for decades,
especially in engagement rings," the article states. "[But]
gemstones are back in focus to revel in their colorful glory. The
fascination and love for gemstone jewelry isn't new. Since
antiquity, they have been believed to carry talismanic properties,
divine powers and healing abilities by several civilizations. The
rising trends of these stones over diamonds show that they are
still as magnanimous and vibrant as ever.
"While gemstone jewelry isn't a new trend, it certainly is the
most sustainable one," the article concludes. "People have
preferred colored jewels since antiquity for protection, fortune,
good health and love. You can expect the similar favoritism in the
future too. The market has significantly grown in the past ten
years and expected to go even higher in the next decades."
Tried, Tested Management
The success of any company often lies in the hands of
its management
team — and GEMXX leaders have proven to be expert,
proficient and successful in what they do. GEMXX team members have
together accumulated more than 160 years in gold, gemstone and
jewelry production expertise along with extensive global operations
and sales experience. Team members possess extensive backgrounds in
every facet of the gold and gemstone business.
That expertise was tried and tested during the COVID-19
pandemic. While many companies had to ultimately scale down or
restructure, GEMXX doubled its production volume to meet demand
while continuing to grow operations and remain cash flow
positive. This often-overlooked asset — a team rich with
expertise — allows GEMXX to excel in product development, maintain
rigorous quality control measures, and maximize profitability.
GEMXX leverages its collective leadership wisdom to drive
innovation, deliver exceptional products and optimize business
strategies to achieve both short-term
and long-term objectives.
Currently the company is focused on its goal of raising $6
million in investment funding through a fully qualified Reg-A
offering. This funding will enable GEMXX to begin work on a new,
large-scale ammolite mine while also expanding current gold mine
operations as it works to meet the rising global demand for its
products. The company is also working to complete SK-1300 resource
reports on already owned gold-producing assets as well as recently
acquired gemstone resources. GEMXX management anticipates that
these reports could increase the company's resource base to as much
as $976 million and resource book value from $14.7 million to $97.6
million, or 6.6 times its current value.
In addition, GEMXX is preparing for financial audits with the
intention of initially trading on the OTCQX and ultimately
uplisting to the New York Stock Exchange or NASDAQ. That upward
movement could create more opportunities for growth and provide
even better shareholder value.
Long-term, GEMXX is committed to the sustainable and
environmentally responsible development of its resources. Mining
companies operating in Canada earn a stronger ESG score than all
other mineral-rich countries because of the country's stringent
environmental regulations, strong governance, and commitment to
safety and community.
Clearly, GEMXX has achieved significant milestones recently, and
it's worth noting that the company controls each stage of its
production, including gold mining, gemstone production, jewelry
manufacturing, and global distribution. "We are tremendously
pleased with the development of the company over the past several
months, and we are extremely excited for the anticipated
growth," said
Maull. "We look forward to updating shareholders as we move
into full gold and gemstone production. We intend to do
everything necessary to drive shareholder value."
The Quest for Mining Success
Other mining companies are also in the quest for mining
success.
Wheaton Precious Metals Corp.
(NYSE:
WPM) is the world's premier precious metals
streaming company with the highest-quality portfolio of long-life,
low-cost assets. The company's most recent
operational results included the generation of more than
$200 million of operating cash flow, primarily driven by
significant sequential improvement at the recently commissioned
expansion at its largest asset, Salobo. The company also
continues to see momentum on the corporate development front with
the addition of a new gold stream on Lumina Gold's Cangrejos
project and the expansion of our existing gold stream on Artemis
Gold's Blackwater project.
McEwen
Mining Inc. (NYSE:
MUX) is a gold and silver producer with
operations in Nevada, Canada, Mexico and Argentina; in addition, it
owns approximately 52% of McEwen Copper, which owns the large,
advanced stage Los Azules copper project in Argentina. The
company just reported new assay
results from its Stock property, which is part of the
Ontario-based Fox Complex. According to the report, geological
investigations have identified two principal plunge directions (or
vectors) controlling mineralization at Stock with two additional
"intriguing results," which suggest other directions for the Stock
resource to grow.
Fortitude Gold Corp.
(OTCQB:
FTCO) is a U.S.-based gold producer targeting
projects with low operating costs, high margins and strong returns
on capital. The company has announced multiple
oxide gold drill intercepts at and near surface along the
Isabella Pearl trend. "Intercepting additional oxide gold
mineralization at and near surface along our trend speaks to the
exciting potential of finding additional gold deposits and
operational longevity at Isabella Pearl," said Fortitude Gold CEO
and president Jason Reid. "We look forward to the next round of
drilling with several goals in mind
Gold
Fields (NYSE:
GFI) is focused on becoming the preferred gold
mining company delivering sustainable, superior value. Gold
Fields announced that is has committed to driving
positive social and environmental change by embedding ambitious
targets in a new sustainability-linked loan backed by a syndicate
of 10 Australian and international banks. The sustainability-linked
indicators are the same as those being used by Gold Fields in its
five-year $1.2 billion revolving credit facility (RCF) announced in
May this year. They are also aligned to the company's strategy and
its 2030 ESG targets, which prioritize gender diversity,
decarbonization and water stewardship.
With the economy in almost constant flux, there may never be a
better time to look at investing in mining, either gold or
gemstones — or even both. With uncertainty being the one certain
thing looking forward, a space known for being stable and reliable
is a rare option.
For more information about GEMXX, please
visit GEMXX.
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