GEMXX Corporation, a key player in the ammolite gemstone mine-to-market sector, has outlined its future plans following a successful year in partnership with Canadian gold exploration company Crazy Horse Mining, Inc. The firm's strategy includes increasing gold and gemstone production and pursuing potential acquisition targets to enhance shareholder value.
In 2023, GEMXX and Crazy Horse Mining processed gold-bearing ore at the Snow Creek Mine site, demonstrating the commercial viability of the operation. The companies are planning to triple this production in 2024. GEMXX also anticipates a significant surge in gemstone and jewelry production next year, expecting a 300% increase.
The corporation is currently compiling data from the 2023 mining season to finalize an S-K 1300 compliant resource report. This move aims for a more accurate asset valuation of properties such as Snow Creek Mine and Rosella Creek.
Furthermore, GEMXX is targeting the acquisition of a 50% stake in the Yukon Gold Property by the end of 2023. This property could potentially host between 2,210,660 and 4 million ounces of recoverable gold.
GEMXX's CEO, Jay Maull, stated that all these efforts aim to increase shareholder value. GEMXX Corporation controls every stage of its production process, from mining to global distribution. Its partner, Crazy Horse Mining Inc., holds considerable gold assets in British Columbia, Canada.
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