A Landmark Year of Growth, New Leadership, and Strategic Advancements for Gold and Gemstone Mining
JAKARTA, Indonesia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Gold and Gemstone Mining, Inc. ("Gemstone") (GGSM), operating proudly announces a remarkable milestone in its history, surpassing $8.6 million USD in revenue for the nine months ending September 30, 2024. This achievement represents a significant increase of approximately $5.6 million compared to total revenues generated in 2023.
This impressive growth highlights Gold and Gemstone Mining's unwavering dedication to innovation, strategic market positioning, and sustainable value creation for its shareholders. "This year has been a pivotal moment for our company," said a member of the Board of Directors. "We are fulfilling our commitment to expanding market presence, increasing shareholder value, and paving the way for future success."
The exceptional revenue increase results from strategic acquisitions and the successful integration of new assets into Gold and Gemstone Mining's existing framework. By targeting complementary assets, the Company has enhanced its market presence and strengthened its position as a leading force in recreational activities in the Mentawai Islands.
Gold and Gemstone Mining is pleased to announce the appointment of Todd Noble to its Board of Directors and as the Company's new President. With 20 years of experience driving business financial growth, Mr. Noble is positioned to play a pivotal role in shareholder communication and shaping the Company's future in 2025.
We are thrilled to welcome Todd Noble to our leadership team,” said a member of the Board. "His deep expertise in growth strategies will be invaluable as we drive progress and pursue expansion.”
About Gold and Gemstone Mining Inc.
Gold and GemStone Mining, Inc. is focused on acquiring and managing properties, assets, and charter boat services worldwide. The Company's goal is to build a successful action sports business that delivers benefits to shareholders and contributes to coastal regions around the world.
Stay connected:
• Website: www.ggsmglobal.com
• OTC Markets: GGSM
For further information, please contact:
Gold and Gemstone Mining Inc.
Todd Noble
Grand Slipi Tower, Jln. Jend. S. Parman 22-24
Jakarta 11480 Indonesia
+1 619-844-1279
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes," "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
