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Gold and Gemstone Mining (OTC: GGSM) announced an expansion into luxury hospitality and real estate development in Bali on January 27, 2026. The company is pursuing a seven-villa high-end development (one- to four-bedroom layouts) located about 45 minutes from Ngurah Rai International Airport, with preliminary targeted retail pricing of ~$1,100,000 per villa and an aggregate sales target of ~$7,700,000. Plans list potential amenities such as private pools, wellness features, and entertainment spaces. GGSM is also evaluating medium- to high-end restaurant and hotel concepts and may pursue direct development or third-party operating arrangements. The company said figures are preliminary and depend on final design, permits, construction costs, market conditions, and financing.
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.
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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.