October 10, 2023 -- InvestorsHub NewsWire --
Via NetworkNewsWire
Editorial Coverage: In volatile economic conditions, smart
money seeks stability and moves to safe havens. Historically, one
of the safest places and most stable
spaces during economic uncertainty is gold, a highly
liquid asset that preserves and even increases in value over time
and carries no credit risk. The precious metal benefits from
multiple levers of demand such as gold
jewelry, tech/industrial use and a reserve asset as well as a
strategic investment. History has shown that gold’s variable
demand pressures enhance a portfolio by improving diversification,
providing liquidity and delivering long-term returns. Reacting to
uncertainties, many gold mining companies,
including GEMXX Corp. (OTC:
GEMZ) (Profile), have enjoyed significant growth
during the recent volatility. Exploding past startup phase and
achieving global growth in mere months, GEMXX is fast approaching a
holy grail that differentiates GEMXX from all others in the gold
space – a vertically integrated mining company – a unique
mine-to-market enterprise that specializes in gold and gemstone
mining as well as jewelry creation, production and global sales.
GEMXX owns and controls every aspect of the process from gold
mining and gemstone finishing to jewelry manufacturing and global
distribution. Other larger mining companies may not have the unique
vertical integration of GEMXX but are still seeing success in the
precious metal sector including Agnico Eagle Mines Ltd. (NYSE:
AEM), which recently reported record
second-quarter numbers; Barrick Gold (NYSE:
GOLD), which anticipates a second half of
the year performance that surpasses its first; Newmont Mining (NYSE:
NEM), which has received required
approvals on a key acquisition announced earlier this year;
and Franco-Nevada Corp. (NYSE:
FNV), which has established a business
model that provides investors with gold price and exploration
optionality while limiting exposure to cost inflation.
- Gold has long proven to offer
“a robust value that stays relatively consistent over time in terms
of its purchasing power.”
- In addition to Snow Creek and
Rosella Creek Gold deposits, the pending acquisition of the Yukon
Gold Project would significantly increase GEMXX’s gold asset
portfolio.
- GEMXX stands out as a leading
producer of high-quality finished ammolite jewelry and is the only
publicly traded ammolite company in the world.
- GEMXX has achieved significant
milestones by establishing a management team with decades of
experience and aligning with strategic partners to become
profitable sooner than other start-ups.
Click here to view the custom infographic of
the GEMXX editorial.
Robust Value, Consistent over Time
“Gold has proved, over hundreds and even thousands of years, to
be a reliable store of value,” stated a recent “U.S. News
& World Report” article, which further observed that
“whatever events happen, gold has a robust value that stays
relatively consistent over time in terms of its purchasing power.”
The article notes that gold can compete against other relatively
safe investments such as the U.S. dollar and treasuries, but
“because the Fed’s efforts to combat inflation appear to be
working, gold looks increasingly attractive compared to assets like
[treasuries].”
With that backdrop, the eye-popping progress made
by GEMXX Corp. (OTC:
GEMZ) in the past several months may prove to be
particularly promising. The company reported a whopping 170%
increase in revenues year over year in 2022, has no long-term debt,
and is on a tear adding owned assets to the balance sheet.
“Our plan to de-risk revenues through production of the world’s
most sought-after commodity is happening fast,” said GEMXX CEO Jay
Maull. “[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. 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.”
GEMXX began this year with more than 1,400 acres already in its
resource portfolio, including the Snow Creek Mine site, consisting
of 498 acres with 80% mineable, and the Rosella Creek 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 and is located in Canada’s Yukon Province; the
acquisition is pending full approvals and due diligence.
“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,” observed Maull.
An Ammolite Specialty
The vertical integration of GEMXX includes planned market
dominance of ammolite, a
rare, iridescent, gem-quality material cut from the fossilized
shells of extinct sea creatures. Found only in the Bearpaw
Formation on the eastern slopes of the Canadian Rockies, this
organic gemstone has a dazzling range of colors and patterns and is
highly desired for artisanal decor pieces and fine jewelry. The
only publicly traded ammolite company in the world, 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.
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 for this boutique gemstone,
and with colored gems sparking a new trend in the jewelry space,
that number appears certain to increase.
“While gemstone jewelry isn’t a new trend, it certainly is the
most sustainable one,” a recent Fashionisto
article reported. “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.”
Experience and Expertise
The success of any company is often determined by
its management
team — and GEMXX excels in both experience and
expertise. GEMXX executives bring more than 160 years in gold,
gemstone and jewelry production expertise along with global
operations and sales experience. Team members possess extensive
backgrounds in every facet of the gold and gemstone business.
During the challenges created during the pandemic, the company
proved what seasoned management can do. While many competitors had
to ultimately scale down or restructure, GEMXX double 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 wisdom to drive innovation, deliver exceptional products
and optimize business strategies to achieve both short-term
and long-term objectives.
Short-term, the company is involved in a fully qualified Reg-A
offering, with the goal of raising $6 million in investment
funding. These funds will allow the company to break ground on a
new, large-scale ammolite mine and expand current gold mine
operations as it commits to meeting the ever-increasing global
demand for its products. In addition, the company plans to complete
SK-1300 resource reports on already owned gold-producing assets as
well as recently acquired gemstone resources. These reports are
expected to increase the company’s resource base to $976 million
and resource book value from $14.7 million to $97.6 million, or 6.6
times its current value.
Finally, GEMXX is completing financial audits and intends to
trade on the OTCQX, with an eye on ultimately uplisting to the New
York Stock Exchange or NASDAQ. Such a move could create more
opportunities for growth and provide even better shareholder
value.
In addition, GEMXX is committed to the long-term 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, and it’s
worth noting that the company’s run has likely just begun. “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.”
Hard to argue with Maull’s projections about growth and
shareholder value. GEMXX is the world’s only publicly traded
ammolite company and is uniquely positioned to quickly become
vertically integrated, controlling each stage of gold mining and
gemstone production all the way through jewelry creation,
manufacture and global distribution.
The Only Thing Certain Is Uncertainty
Other mining companies are also in the quest for mining
success.
Agnico Eagle Mines Ltd.
(NYSE:
AEM) is a senior Canadian gold mining company,
producing precious metals from operations in Canada, Australia,
Finland and Mexico. The company has built a portfolio of
high-quality exploration and development projects in these
countries as well as in the United States. Agnico Eagle
recently announced record
quarterly gold production and solid cost performance.
Agnico Eagle is a partner of choice within the mining industry,
recognized globally for its leading environmental, social and
governance practices.
Barrick Gold (NYSE:
GOLD) is a senior gold mining company that
continues to advance major projects that will drive value delivery
in the long-term through organic growth. Barrick president and CEO
Mark Bristow recently
reported that improved performances from its Carlin
complex in Nevada, Kibali gold mine in the Democratic Republic of
Congo and Lumwana copper mine in Zambia have laid a sound
foundation for production in the second half of the year which, as
guided, is expected to surpass the first.
Newmont
Mining (NYSE:
NEM) is the world’s leading gold company and a
producer of copper, silver, zinc and lead. The company
boasts the
industry’s strongest balance sheet and a global portfolio
with the size and scale to make decisions that deliver on its
strategy. Earlier this year, Newmont announced plans to acquire
Newcrest Mining Limited, and most recently the company announced
that the Securities Commission of Papua New Guinea (“SCPNG”)
has granted the
necessary exemptions and other requested confirmations to
allow the company to move forward.
Franco-Nevada Corp. (NYSE:
FNV) is the leading gold-focused royalty and
streaming company. The company has built a large, diversified
portfolio of cash-flow producing assets and is committed to a
business model that provides investors with gold price and
exploration optionality while limiting exposure to cost inflation.
The company is working to become the “go to”
gold stock for the generalist investor, with its emphasis
on minimizing risk, paying dividends and maintaining a strong
balance sheet combined with high environmental, social and
governance standards.
The time has never been better to consider investing in mining,
whether gold or rare gemstones — or both. With the one thing
certain about the economy in the near future being its uncertainty,
a space known for historically offering safety and security may be
the best place to land.
For more information about GEMXX, please visit GEMXX.
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Editorial Coverage
GEMXX (PK) (USOTC:GEMZ)
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GEMXX (PK) (USOTC:GEMZ)
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